Category Archives: Environment

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Virgin Airlines Murky Shareholder

Michael Sainsbury Sections of this article were originally published in Crikey.com.au and Michaelwest.com.au The international storm of controversy around conglomerate HNA Group, one of Virgin Australia’s two secretive and highly acquisitive Chinese shareholders – and also an investor in Australia’s property sector – just won’t go away and part I, at least, now looks set

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China bolsters Pacific credentials by rushing cyclone aid to Vanuatu

Robert Barber When Cyclone Pam, an extremely destructive category 5 storm, crashed into Vanuatu at the weekend, it wreaked havoc killing at least 50 people. China was quick to join the South Pacific’s traditional financial guardians Australian and New Zealand in offering aid. According to the Australian Bureau of Meteorology three tropical cyclones were active

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Iron ore miners wonder who will crumble first

  Michael Sainsbury Iron ore prices are down almost 40% this year, and many miners hope it has hit bottom. But recent events show that their problems may only get worse. Some weaker players are already failing, and experts forecast years of over-supply caused by faltering growth in China, the commodity’s biggest market. Iron ore

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China-Thailand High-Speed Rail Project Back On Track

Asia Briefing Thailand’s National Council for Peace and Order (NCPO) has approved a US$23 billion project to connect two high speed railways with China’s rail network by 2021. Plans for the Thai railways show one rail will connect the town of Nong Khai, just south of Laos’s capital Vientiane, with Map Ta Phut, located to

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Better optics, but Abbott sidestepping tricky issues of trade

Michael Sainsbury An apparently chastened Tony Abbott ventured, at last, to north Asia this week, the epicentre of Australia’s continued prosperity. It was something of a relief to see him ratchet back the pro-Japanese rhetoric (at least in public) that has so incensed Beijing and deliver a much calmer and friendlier message to the Chinese

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