Page 24 - Simon Gray News Today

Australia Rejects $300M Chinese-Bid for Construction Giant Probuild A multi-million dollar bid by one of the world’s largest construction firms to acquire a majority stake in Australian-based Probuild has been blocked by the foreign investment regulator and Treasurer Josh Frydenberg. The almost $300 million bid by the state-owned China State Construction Engineering Corporation (CSCEC) to acquire an 88 percent stake in Probuild was rejected on “the grounds of national security” by the For...

Treasurer Josh Frydenberg has shot down an offer made by state-owned China State Construction Engineering Corporation to acquire Australian-based company Probuild.  

Treasurer Josh Frydenberg has barred a lucrative Chinese takeover bid over fears it could pose a national security risk.

2021 in accountancy: new year, new job? 7 January 2021: If finding a new job or getting a promotion is on your New Year’s resolution list, take a look at our expert tips on moving your career up a gear in 2021 and find out how ICAEW Jobs can support your search. COVID-19 has caused untold upheaval to the jobs market and many, including accountants, have found themselves out of work and looking for a new role. It has also made many of us reassess our priorities and ...

Single women allocated a quarter of cash raised through equity release towards gifts to family and friends through the first three quarters of 2020, data from HUB Financial Solutions has revealed. In contrast, single men planned to gift just 13% of the property wealth they released – about half the proportion compared to single women. Some 50% of men intended the funds for financial reasons such as increasing income or restructuring debt. Single men also allocated a substantially higher propo...

From factory to tower: construction goes high tech Probuild is tapping the internet of things to track materials and even pay suppliers faster. In time, this may even let it do more building work itself. Share Probuild is tapping the internet of things to track its supply chain and to automate safety processes on building projects. This new technology also provides a way to tackle one of the most problematic parts of construction – the prompt payment of suppliers and subcontractors. Going up:...