Melbourne Airport has been approved for a third terminal, upgrades to other terminals and a new hotel. This plan will be able to double the capacity of the Airport. The new aircrafts that are made today hold 800 people meaning that Airports will hold more people and less aircrafts. So far thay have invested $330 million [...]

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NAB’s monthly buisness survay for November has shown the lowest buisness confidence level ever, in the survay’s life of 20 years, reaching minus-30 points. NAB’s survay of October shows a 21 index point drop. There is no reason for confidence to be lower now than the 1990 recession, but results have proven that it is.
Buisness conditions have dropped [...]

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Al Habtoor Leighton Group and joint partners South African group Murray & Roberts Holdings and Takenaka Corp have been awarded a $2 billion contract to build a new terminal at Dubai Airport.
Many projects in Dubai will be put on hold or cancelled, adjusting to the real world. The $1.2 billion Trump Tower in Dubai has been [...]

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The Housing Industry Association PCI fell just over 4 points in November to finish on 32 points. This is the second worse monthly fall since the survay started in September 2005 and the ninth month in a row below the key 50 points level. It has almost reached the record low of 31.8 in September.
Engineering and [...]

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By December 31 2013, analogue TV can be switched off. This would be a relief for broadcasters and retailers. Progress reports will be provided from the Australian Communications and Media Authority. This is a Bill which will now go to the senate.
Have your say: Do you belive the government should switch off analogue TV?

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The long awaited Google Phone has been delayed for its Australian launch. The Android mobile phone, manufactured by Kogan Agora, will not be released in Australia until January. Ruslan Kogan, the manager of the phone company in Melbourne, stated in October that he planned to release a Kogan branded phone that would utilise the Android platform. The original [...]

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The Reserve Bank of Australia have just announced another cut to interest rates. This time rates have been slashed by 1 percent. RBA Glenn Stevens said “At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 4.25 per cent, effective 3 December 2008.”
Some good news to come from the RBA’s [...]

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The activity witnessed in the Australian manufacturing industry has sunk to a frightening low level. The Performance of Manufacturing Index fell to 32.7 in November, this making the sixth month consecutively that the index has fallen.
Australian Industry Group chief executive, Heather Ridout, has commented on the fall in orders stating that they have never been [...]

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Barons “Black Wattle Original Ale” beer has been deemed the best after it was found to be the most popular from the 50 nominated beers present at the JD Wetherspoon international beer festival in Britain.
Barons Brewing was just one of four international competitors present at the festival which occurred across 717 JD Wetherspoon pubs in [...]

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Petrol prices have again fallen considerably, now at a 12 month low. This is the second fuel price drop in two weeks. The Australian Institute of Petroleum says that the average price of unleaded petrol was $1.33 per litre. This is almost 7c lower than last week.
Cheif equities economist, Craig James, from Commsec has stated [...]

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