Author: roymorgansocial

Dutton plan risks $48b foreign student industry

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Original article by Julie Hare
The Australian Financial Review – Page: 8 : 18-May-24

Opposition leader Peter Dutton has come under fire for stating that a Coalition government would reduce temporary migration to 160,000 in its first year in office. International students make up half of the number of temporary migrants, and migration expert Abul Rizvi claims that one student would have to leave the country for every one that arrives in order to meet Dutton’s target. International education was valued at $48 billion in 2023, making it Australia’s most successful non-mining export, and Rizvi claims that the international education sector would be "smashed" under Dutton’s plan.

CORPORATES
LIBERAL PARTY OF AUSTRALIA

Nuclear too expensive: Forrest

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Original article by Colin Packham
The Weekend Australian – Page: 29 : 18-May-24

Fortescue’s executive chairman Andrew Forrest says that while he is not ideologically opposed to nuclear power, using it in Australia does not "stack up" economically. Forrest contends that large-scale wind and solar projects, together with storage batteries and ‘green’ hydrogen are the best, fastest and cheapest forms of energy that will reduce power bills in Australia. He adds that politicians who advocate adding nuclear to the nation’s energy mix are merely dividing the country in order to get elected. Meanwhile, a report from consulting firm Egis has concluded that nuclear power would be six times more expensive than renewables in Australia.

CORPORATES
FORTESCUE LIMITED – ASX FMG, EGIS CONSULTING AUSTRALIA PTY LTD

Social media limits backed

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Original article by Isabella Pesch
The Australian – Page: 3 : 20-May-24

Prime Minister Anthony Albanese has expressed support for imposing age limits on children’s use of social media. Albanese says that many parents are "worried sick" that their children have access to inappropriate material online, while they are also concerned about the mental health effects of social media. He adds that News Corp’s campaign for children under the age of 16 to be restricted from having social media accounts is a "really positive response" to the issue.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Quantum leap into a danger zone

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Original article by Sarah Elks
The Australian – Page: 5 : 20-May-24

Quantum Brilliance’s co-founder Marcus Doherty says the federal government should invest in a broad range of quantum computing technologies, rather than backing a single project. The federal and Queensland governments recently committed nearly $1bn to PsiQuantum’s project to build a fault-tolerant quantum computer in Brisbane. Doherty contends that government agencies should invest in the quantum computing technology that best meets their needs; he notes that the Department of Defence in particular will probably require quantum computers that are portable, whereas PsiQuantum’s proposed photonics-based quantum computer is expected to be the size of a large warehouse.

CORPORATES
QUANTUM BRILLIANCE, PSQUANTUM, AUSTRALIA. DEPT OF DEFENCE

Toronto tempts Aussie miners

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Original article by Glenda Korporaal
The Australian – Page: 15 : 20-May-24

About 21 Australian mining companies are currently listed on the Toronto Stock Exchange; however, the TSX’s Dean McPherson says this could quickly increase to around 30, as more companies in the local mining sector recognise the benefits of raising capital in North America. The TSX is the third-largest stock exchange in North America, with a total market capitalisation of $4.65 trillion and about 3,500 listed companies; in contrast, the Australian Stock Exchange boasts a total market capitalisation of $2.7 trillion and about 2,200 listed companies. Both bourses have traditionally had a heavy weighting towards the resources sector.

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TORONTO STOCK EXCHANGE, ASX LIMITED – ASX ASX

The Australian’s contest of ideas a winner

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Original article by James Madden
The Australian – Page: 19 : 20-May-24

The latest readership data from Roy Morgan shows that The Australian’s weekday readership increased by 9.7 per cent in the six months to 31 March. The weekend edition of the national masthead recorded a 15,000-strong increase in readership during the period. Editor-in-chief Michelle Gunn says The Australian’s continued growth reflects its commitment to high-quality journalism across print and digital. The readership figures shows that on average, News Corp Australia’s newspapers now reach more than four in five Australians each month. Meanwhile, readership of the weekday edition of Seven West Media’s The West Australian has fallen by 2.4 per cent, while the weekend edition’s readership is down 7.4 per cent.

CORPORATES
ROY MORGAN LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM

Tax reform needed to break economic inertia

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Original article by Tom McIlroy
The Australian Financial Review – Page: 13 : 20-May-24

A new report from the Liberal-aligned thinktank Blueprint Institute has called for various reforms to Australia’s tax system in order to put an end to what it calls the nation’s economic inertia. The thinktank’s proposals include a tax on the unimproved value of land, a reduction in the company tax rate to 25 per cent, the scrapping of state-based payroll taxes and increasing the GST to 15 per cent, along with expanding the goods and services that it applies to. The Blueprint Institute claims that an extra $60 billion a year could be raised if the GST is increased to 15 per cent and its base is broadened.

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BLUEPRINT INSTITUTE, LIBERAL PARTY OF AUSTRALIA

Financial Review print, digital readership jumps

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Original article by Nick Bonyhady
The Australian Financial Review – Page: 3 : 20-May-24

Total news readership data from Roy Morgan shows that The Australian Financial Review boasted 3.5 million readers across print and digital in March. The weekday print edition of the AFR now has an average readership of 262,000 per day, while the weekend edition has an average of 179,000 readers. The AFR’s editor-in-chief Michael Stutchbury notes that the Nine Entertainment flagship’s digital-only audience is growing by 2.4 per cent a year, and the AFR now has the biggest digital audience of any national newspaper brand. Nine’s broader publishing stable reached 16 million Australians in March across its titles, according to the Roy Morgan data.

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ROY MORGAN LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Inside Anglo chief’s rush to split company

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Original article by Peter Ker
The Australian Financial Review – Page: 36 & 37 : 20-May-24

Anglo American’s CEO Duncan Wanblad has downplayed suggestions that the restructuring proposal that he announced last week was in direct response to BHP’s takeover approach. He contends that Anglo American has merely brought forward a strategic plan that was already being prepared. However, some senior executives at Anglo American were surprised by Wanblad’s announcement of the restructuring. They include Daniel van der Westhuizen, who heads the group’s Australian arm; five coking coal mines in Queensland are among the assets that Anglo American had earmarked for sale, and Wanblad indicated that the company had already received bids for these mines.

CORPORATES
ANGLO AMERICAN PLC, ANGLO AMERICAN AUSTRALIA LIMITED

Written news maintains staggering 97 per cent reach and delivers deep, frequent audience engagement

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-May-24

Readership figures from Roy Morgan show that written news reaches 97% of Australians aged 14+ (21.5 million) each month. The figure reflects the evolving and deepening landscape of news media titles and readership behaviours across print and digital formats, and demonstrates to advertisers the breadth of audience accessible via news media. The Roy Morgan figures also show that readers across all demographics are actively leaning into news, with 67 million interactions per week. Australian news readers are also consistently engaged across multiple sources of written news to satisfy diverse interests, with three in five news audiences reading three or more categories in addition to general, breaking news. Further analysis reveals that state and territory mastheads enjoy large readership numbers outside their local markets, due to digital accessibility. Roy Morgan produces the Total News data on behalf of ThinkNewsBrands.

CORPORATES
ROY MORGAN LIMITED, THINKNEWSBRANDS