AUSTRALIA – COMMERCE – ASIA

Emerging Asia’s appetite for coal may be fading

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Original article by Elouise Fowler
The Australian Financial Review – Page: 17 : 15-Jan-21

A report from the Global Energy Monitor on future demand for thermal coal in Asia may have implications for one of Australia’s biggest sources of export revenue. The report concludes that developing nations in the region may build just 25 gigawatts of new coal-fired power stations in 2021, compared with the 125GW that was planned five years ago. Australia’s thermal coal exports to developing countries in Asia have increased significantly in recent years, offsetting a decline in demand from traditional buyers in the region as they adopt net zero emission targets.

CORPORATES
GLOBAL ENERGY MONITOR

Little Creatures crafts a strategy for China

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Original article by Eli Greenblat
The Australian – Page: 17 & 21 : 12-Jun-18

Craft beer’s share of the broader beer market is much greater in some parts of the world than others, according to Matt Tapper. The MD of global markets for brewer Lion says craft beer’s market share is generally less than one per cent in Asian markets, compared with up to 15 per cent in North America. The low adoption of craft beer by Asian consumers is prompting Lion to target markets such as China and Singapore with its Little Creatures craft beer brand, which started life in Fremantle and is currently sold in 30 overseas markets.

CORPORATES
LION PTY LTD, LITTLE CREATURES BREWING PTY LTD, DXCEL

Trade balance back in the black

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Original article by David Uren
The Australian – Page: 6 : 9-Mar-18

Australia posted a trade surplus of $A1.1bn in January 2018, following a deficit in December. The trade figures were bolstered by growing demand in Asia for the nation’s resources commodities, and Asia’s share of Australia’s overall exports has risen from 61 per cent to 75 per cent over the last decade. In contrast, the US now accounts for less than four per cent of Australia’s exports. Meanwhile, China recorded a trade surplus of $US34bn in January, while the US posted a deficit of $US57bn.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED

Our beautiful coal must rival Trump’s: Canavan

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Original article by Ben Packham
The Australian – Page: 2 : 12-Feb-18

Australia’s coal and LNG exports totalled $A56.5bn and $A22bn respectively in 2017, but Resources Minister Matt Canavan says the US is emerging as a major competitor in Asia. The US currently exports shale gas to Japan, and Canavan says Asian buyers have also expressed interest in US coal. The US has traditionally been a net energy importer, although the Department of Energy has forecast that it will be a net exporter by 2022.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, UNITED STATES. DEPT OF ENERGY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, MINERALS COUNCIL OF AUSTRALIA, ENERGYQUEST PTY LTD, AUSTRALIAN LABOR PARTY, AME GROUP PTY LTD, ADANI MINING PTY LTD

Living standards leap as Asia trade deals deliver

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 3-Apr-17

Data from the Department of Foreign Affairs & Trade highlights the economic benefits of Australia’s free trade agreements with Japan, South Korea and China. There has been a 140 per cent increase in goods exported to these countries since 2014. Wine, sugar, grapes and beef are among the products that have enjoyed strong growth in exports under the FTAs. Trade Minister Steve Ciobo notes that exports contributed to a five per cent increase in real disposable income during the December 2016 quarter.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIAN LABOR PARTY, AUSTRALIA. OFFICE OF THE CHIEF ECONOMIST, AUSTRALIA. DEPT OF THE TREASURY

Ciobo chases HK, Taiwan FTAs

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Original article by Rowan Callick
The Australian – Page: 2 : 7-Mar-16

Trade and Investment Minister Steve Ciobo says the Australian Government is keen to secure more free trade agreements with Asian countries. They include Taiwan and Hong Kong, which are Australia’s eighth and 15th-largest export markets respectively. Ciobo also says predecessor Andrew Robb will continue to hold talks with India regarding an FTA, after negotiations stalled in 2015. Robb concluded FTA deals with China, Japan and South Korea during his tenure as trade minister.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, HONG KONG ECONOMIC AND TRADE OFFICE

Cathay Pacific to trial cargo flight from Australia’s food bowl

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Original article by Jared Lynch
The Australian Financial Review – Page: 22 : 23-Nov-15

Bindaree Beef will participate in Cathay Pacific’s test flight from Wellcamp Airport in regional Queensland to China. The trial run is intended to gauge whether regular fresh produce flights from regional Australia to Asia are commercially viable. Bindaree currently ships chilled beef to Asia via Sydney Airport, but flights from Toowoomba would allow for next-day delivery of its cargoes to Asian destinations.

CORPORATES
BINDAREE BEEF PTY LTD, CATHAY PACIFIC AIRWAYS LIMITED, SYDNEY AIRPORT – ASX SYD, SHANDONG DELISI, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES

Former Kellogg’s boss calls for investment lift in food

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Original article by Michael Smith
The Australian Financial Review – Page: 15 &20 : 14-Sep-15

McGrath Estate Agents chairman David Mackay was the CEO of multinational food group Kellogg from 2006 to 2011. He notes that Asia represents a huge opportunity for Australia’s food industry, but stresses the need the need for the sector to commit to long-term investment in order capitalise on this. He also argues that the Australian manufacturing sector’s costs are too high, with wages in particular much higher than most countries.

CORPORATES
McGRATH REAL ESTATE PTY LTD, KELLOGG COMPANY, FORTUNE BRANDS INCORPORATED, KEURIG INCORPORATED, MARS AUSTRALIA PTY LTD, SARA LEE AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, BEAM GLOBAL SPIRITS AND WINE INCORPORATED, SUNTORY LIMITED

Speed urged on investment reform

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Original article by James Eyers
The Australian Financial Review – Page: 17 : 7-Aug-15

The Opposition has urged the Australian Government not to delay the changes that would enable the creation of "collective investment vehicles". The changes are necessary if Australian funds are to benefit from the liberalisation of funds management in Asia and the introduction of the Asian Region Funds Passport in 2016. Shadow treasurer Chris Bowen says the Australian Labor Party is willing to cooperate with the Government on this issue.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, FINANCIAL SERVICES COUNCIL, AUSTRALIAN LABOR PARTY, SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED