O/T: Economic Recovery After COVID-19

[Warabrook saint]

Not quite correct as revealed by this SMH article. Hastings at that time were a Melbourne bases firm with a Melbourne HO.

Port of Newcastle leased to Hastings in $1.75 billion deal
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Hastings Funds Management and a Chinese corporation, China Merchants, have won the auction for Port of Newcastle, paying a hefty $1.75 billion to secure a 98-year lease on the port.

“This momentous result exceeds all expectations,” said NSW Premier Mike Baird.

The NSW Government expected to reap around $1 billion for the port, and the final price of $1.75 billion, which represents a multiple of 27 times earnings, underscores continued strong demand for infrastructure assets.

Hastings and China Merchants, which owns Australian logistics group Loscam, were “equal partners” in the investment, the government said.

Some $340 million from the sale proceeds will be invested into Newcastle’s central business district, while the remaining $1.5 billion will be invested in NSW infrastructure.

As first reported by The Australian Financial Review's Street Talk on Monday, Hastings was one of five bidders believed to be preparing offers ahead of this week’s deadline.

The port of Newcastle is the world’s largest coal terminal and forecasting $69 million earnings before interest, tax, depreciation and amortisation in the 2013-14 financial year.

The port sale comes only twelve months after Baird agreed to the $5.1 billion privatisation of NSW’s two other ports at Botany and Kembla and follows a five-month bidding process

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I didn't realize it was a partnership, from memory it was reported up here that it was leased to China

 

[Dorsai]

I know how it is going to sound to some, but we need to adopt a similar rule to places like Thailand, Singapore, and other Asian counties where foreign ownership is capped or prohibited.
All these Chinese owned private hospitals that closed and sent the majority of their supplies back to the Chinese mainland, are now being heavily subsidized by the Australian Government to open and provide beds. The majority of that money does not stay in Australia.
If the Government is stupid enough to allow our country to be sold off, they need to tax the hell out of the companies operating here, not allowing them to shift profit to other countries and pay nothing where the revenue is derived.
Its not just the Chinese though, we need to have these Governments looking after Australians, not overseas money.

 

[2010]

China has over the years bought out manufacturing and other industry companies to now, we are far to dependent on China to provide goods and services we once controlled..
The selling off everything to foreign countries means we are no longer producing goods and services.
Industry can never compete against overseas manufacturers as the governments provide subsidies to those overseas companies.

 

[merahputih]

Plus, l’m told they bought the land and or lease to the Port of Darwin.

WTF is going on and how can our stupid governments allow this to happen?

Seriously, it beggars belief.

I believe the US Government was not impressed by the Darwin port Chinese deal and made its feelings very clear to the Australian Government. The Yanks have a strong military presence in Darwin with a Marine unit, regular navel visits and air units and didn't want the Chinese looking over their shoulder.

 

[Old Timer]

Time for people to get a proper grip on things as China rates about 5th on the list of foreign nations investments in Australia.
The USA is no 1 and no complaints coming forward about that so is that just deemed acceptable and not worth questioning?

 

[Willow]

This important thread would be better placed in the four corners section where it can be reached by more than just drag queen supporters.

No.

Now get out.

 

[Old Timer]

Australian Bureau of Statistics
Search for:Submit search query:
5352.0 - International Investment Position, Australia: Supplementary Statistics, 2018
LATEST ISSUE Released at 11:30 AM (CANBERRA TIME) 08/05/2019



ANALYSIS AND COMMENTS


INTERNATIONAL INVESTMENT POSITION

Australia's net international liability position as at 31 December 2018 was $975.7b, an increase of $6.9b on the previous year.


Level of foreign investment in Australia

The level of foreign investment in Australia reached $3,514.4b for the year ended 31 December 2018, an increase of $187.1b (6%) on the previous year. Portfolio investment accounted for $1,836.3b (52%), direct investment for $967.5b (28%), other investment for $508.0b (14%) and financial derivatives $202.6b (6%). Of the portfolio investment liabilities, debt securities accounted for $1,287.6b (37% of foreign investment in Australia) and equity securities for $548.7b (16% of foreign investment in Australia).

The leading investor countries for the year ended 31 December 2018 were:

• United States of America $939.5b (27%)
• United Kingdom $574.8b (16%)
• Belgium $316.9b (9%)
• Japan $229.3b (7%)
• Hong Kong (SAR of China) $118.8b (3%)
• Singapore $85.4b (2%).

FOREIGN INVESTMENT IN AUSTRALIA, LEVELS, 31 DECEMBER 2018

Level of Australian investment abroad

The level of Australian investment abroad reached $2,538.8b for the year ended 31 December 2018, an increase of $180.2b (8%) on the previous year. Portfolio investment accounted for $1,124.8b (44%), direct investment for $695.6b (27%), other investment for $439.7b (17%), financial derivatives for $197.2b (8%) and reserve assets for $81.5b (3%). Of the portfolio investment assets, equity securities accounted for $713.0b (28% of Australian investment abroad) and debt securities $411.7b (16% of Australian investment abroad).

The leading investment destination countries for the year ended 31 December 2018 were:

• United States of America $718.9b (28%)
• United Kingdom $408.0b (16%)
• Japan $113.0b (4%)
• New Zealand $96.7b (4%)
• Cayman Islands $77.5b (3%)
• Germany $77.3b (3%).

AUSTRALIAN INVESTMENT ABROAD, LEVELS, 31 DECEMBER 2018

FINANCIAL ACCOUNT TRANSACTIONS

The financial account for the year ended 31 December 2018 recorded a net inflow of $45.2b. This result is a decrease of $1.1b on a net inflow of $46.3b recorded for the previous year.


Foreign investment in Australia - Transactions

Foreign investment in Australia recorded a net inflow of $37.0b for the year ended 31 December 2018, an increase of $1.7b (5%) on the net inflow of $35.3b for the previous year.

Leading countries recording net inflows during 2018 were:

• France $19.4b
• United Kingdom $18.3b
• Belgium $15.3b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $10.6b
• Switzerland $7.7b
• Taiwan $5.7b.

FOREIGN INVESTMENT IN AUSTRALIA, TRANSACTIONS, 31 DECEMBER 2018

Australian investment abroad - Transactions

Australian investment abroad recorded a net inflow of $8.2b for the year ended 31 December 2018, a decrease of $2.8b (26%) on the net inflow of $11.0b for the previous year.

Leading countries recording net inflows during 2018 were:

• Japan $19.0b
• United Kingdom $17.4b
• Switzerland $8.9b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $13.6b
• Canada $11.2b
• Cayman Islands $7.7b.

AUSTRALIAN INVESTMENT ABROAD, TRANSACTIONS, 31 DECEMBER 2018

INCOME

Income debits

Income debits totalled $117.5b for the year ended 31 December 2018, an increase of $15.9b on income debits from the previous year. The main countries to which income accrued for the year ended 31 December 2018 were:

• United States of America $28.3b (24%)
• United Kingdom $13.9b (12%)
• Japan $11.8b (10%)
• Belgium $7.7b (7%)
• Bermuda $4.0b (3%)
• Netherlands $3.5b (3%).

Income credits

Income credits totalled $61.4b for the year ended 31 December 2018, an increase of $9.1b on income credits from the previous year. The main countries from which income accrued for the year ended 31 December 2018 were:

• United States of America $16.4b (27%)
• New Zealand $5.5b (9%)
• United Kingdom $4.5b (7%)
• Germany $2.2b (4%)
• China (excludes SARs and Taiwan) $2.1b (3%)
• Netherlands $1.5b (2%).

This page last updated 8 May 2019

 

[Warabrook saint]

Australian Bureau of Statistics
Search for:Submit search query:
5352.0 - International Investment Position, Australia: Supplementary Statistics, 2018
LATEST ISSUE Released at 11:30 AM (CANBERRA TIME) 08/05/2019



ANALYSIS AND COMMENTS


INTERNATIONAL INVESTMENT POSITION

Australia's net international liability position as at 31 December 2018 was $975.7b, an increase of $6.9b on the previous year.


Level of foreign investment in Australia

The level of foreign investment in Australia reached $3,514.4b for the year ended 31 December 2018, an increase of $187.1b (6%) on the previous year. Portfolio investment accounted for $1,836.3b (52%), direct investment for $967.5b (28%), other investment for $508.0b (14%) and financial derivatives $202.6b (6%). Of the portfolio investment liabilities, debt securities accounted for $1,287.6b (37% of foreign investment in Australia) and equity securities for $548.7b (16% of foreign investment in Australia).

The leading investor countries for the year ended 31 December 2018 were:

• United States of America $939.5b (27%)
• United Kingdom $574.8b (16%)
• Belgium $316.9b (9%)
• Japan $229.3b (7%)
• Hong Kong (SAR of China) $118.8b (3%)
• Singapore $85.4b (2%).

FOREIGN INVESTMENT IN AUSTRALIA, LEVELS, 31 DECEMBER 2018

Level of Australian investment abroad

The level of Australian investment abroad reached $2,538.8b for the year ended 31 December 2018, an increase of $180.2b (8%) on the previous year. Portfolio investment accounted for $1,124.8b (44%), direct investment for $695.6b (27%), other investment for $439.7b (17%), financial derivatives for $197.2b (8%) and reserve assets for $81.5b (3%). Of the portfolio investment assets, equity securities accounted for $713.0b (28% of Australian investment abroad) and debt securities $411.7b (16% of Australian investment abroad).

The leading investment destination countries for the year ended 31 December 2018 were:

• United States of America $718.9b (28%)
• United Kingdom $408.0b (16%)
• Japan $113.0b (4%)
• New Zealand $96.7b (4%)
• Cayman Islands $77.5b (3%)
• Germany $77.3b (3%).

AUSTRALIAN INVESTMENT ABROAD, LEVELS, 31 DECEMBER 2018

FINANCIAL ACCOUNT TRANSACTIONS

The financial account for the year ended 31 December 2018 recorded a net inflow of $45.2b. This result is a decrease of $1.1b on a net inflow of $46.3b recorded for the previous year.


Foreign investment in Australia - Transactions

Foreign investment in Australia recorded a net inflow of $37.0b for the year ended 31 December 2018, an increase of $1.7b (5%) on the net inflow of $35.3b for the previous year.

Leading countries recording net inflows during 2018 were:

• France $19.4b
• United Kingdom $18.3b
• Belgium $15.3b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $10.6b
• Switzerland $7.7b
• Taiwan $5.7b.

FOREIGN INVESTMENT IN AUSTRALIA, TRANSACTIONS, 31 DECEMBER 2018

Australian investment abroad - Transactions

Australian investment abroad recorded a net inflow of $8.2b for the year ended 31 December 2018, a decrease of $2.8b (26%) on the net inflow of $11.0b for the previous year.

Leading countries recording net inflows during 2018 were:

• Japan $19.0b
• United Kingdom $17.4b
• Switzerland $8.9b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $13.6b
• Canada $11.2b
• Cayman Islands $7.7b.

AUSTRALIAN INVESTMENT ABROAD, TRANSACTIONS, 31 DECEMBER 2018

INCOME

Income debits

Income debits totalled $117.5b for the year ended 31 December 2018, an increase of $15.9b on income debits from the previous year. The main countries to which income accrued for the year ended 31 December 2018 were:

• United States of America $28.3b (24%)
• United Kingdom $13.9b (12%)
• Japan $11.8b (10%)
• Belgium $7.7b (7%)
• Bermuda $4.0b (3%)
• Netherlands $3.5b (3%).

Income credits

Income credits totalled $61.4b for the year ended 31 December 2018, an increase of $9.1b on income credits from the previous year. The main countries from which income accrued for the year ended 31 December 2018 were:

• United States of America $16.4b (27%)
• New Zealand $5.5b (9%)
• United Kingdom $4.5b (7%)
• Germany $2.2b (4%)
• China (excludes SARs and Taiwan) $2.1b (3%)
• Netherlands $1.5b (2%).

This page last updated 8 May 2019

Very suprising Belgium is so high on the list with investments in Australia.....they have great beer though

 

[crocodile]

No.

Now get out.

I don't feel like it.

 

[Willow]

I believe the US Government was not impressed by the Darwin port Chinese deal and made its feelings very clear to the Australian Government. The Yanks have a strong military presence in Darwin with a Marine unit, regular navel visits and air units and didn't want the Chinese looking over their shoulder.

Got a link for that?

If the Yanks were so worried about Chinese interests in Darwin, then maybe they should have come to the bidding table.

For decades now the USA have been given plenty by Australia. It has been a while since they've given much in return. In East Timor, for example.

 

[Willow]

I don't feel like it.

Oh, you will.

 

[Willow]

Australian Bureau of Statistics
Search for:Submit search query:
5352.0 - International Investment Position, Australia: Supplementary Statistics, 2018
LATEST ISSUE Released at 11:30 AM (CANBERRA TIME) 08/05/2019



ANALYSIS AND COMMENTS


INTERNATIONAL INVESTMENT POSITION

Australia's net international liability position as at 31 December 2018 was $975.7b, an increase of $6.9b on the previous year.


Level of foreign investment in Australia

The level of foreign investment in Australia reached $3,514.4b for the year ended 31 December 2018, an increase of $187.1b (6%) on the previous year. Portfolio investment accounted for $1,836.3b (52%), direct investment for $967.5b (28%), other investment for $508.0b (14%) and financial derivatives $202.6b (6%). Of the portfolio investment liabilities, debt securities accounted for $1,287.6b (37% of foreign investment in Australia) and equity securities for $548.7b (16% of foreign investment in Australia).

The leading investor countries for the year ended 31 December 2018 were:

• United States of America $939.5b (27%)
• United Kingdom $574.8b (16%)
• Belgium $316.9b (9%)
• Japan $229.3b (7%)
• Hong Kong (SAR of China) $118.8b (3%)
• Singapore $85.4b (2%).

FOREIGN INVESTMENT IN AUSTRALIA, LEVELS, 31 DECEMBER 2018

Level of Australian investment abroad

The level of Australian investment abroad reached $2,538.8b for the year ended 31 December 2018, an increase of $180.2b (8%) on the previous year. Portfolio investment accounted for $1,124.8b (44%), direct investment for $695.6b (27%), other investment for $439.7b (17%), financial derivatives for $197.2b (8%) and reserve assets for $81.5b (3%). Of the portfolio investment assets, equity securities accounted for $713.0b (28% of Australian investment abroad) and debt securities $411.7b (16% of Australian investment abroad).

The leading investment destination countries for the year ended 31 December 2018 were:

• United States of America $718.9b (28%)
• United Kingdom $408.0b (16%)
• Japan $113.0b (4%)
• New Zealand $96.7b (4%)
• Cayman Islands $77.5b (3%)
• Germany $77.3b (3%).

AUSTRALIAN INVESTMENT ABROAD, LEVELS, 31 DECEMBER 2018

FINANCIAL ACCOUNT TRANSACTIONS

The financial account for the year ended 31 December 2018 recorded a net inflow of $45.2b. This result is a decrease of $1.1b on a net inflow of $46.3b recorded for the previous year.


Foreign investment in Australia - Transactions

Foreign investment in Australia recorded a net inflow of $37.0b for the year ended 31 December 2018, an increase of $1.7b (5%) on the net inflow of $35.3b for the previous year.

Leading countries recording net inflows during 2018 were:

• France $19.4b
• United Kingdom $18.3b
• Belgium $15.3b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $10.6b
• Switzerland $7.7b
• Taiwan $5.7b.

FOREIGN INVESTMENT IN AUSTRALIA, TRANSACTIONS, 31 DECEMBER 2018

Australian investment abroad - Transactions

Australian investment abroad recorded a net inflow of $8.2b for the year ended 31 December 2018, a decrease of $2.8b (26%) on the net inflow of $11.0b for the previous year.

Leading countries recording net inflows during 2018 were:

• Japan $19.0b
• United Kingdom $17.4b
• Switzerland $8.9b.

Partly offsetting these, net outflows were recorded for the following countries:

• United States of America $13.6b
• Canada $11.2b
• Cayman Islands $7.7b.

AUSTRALIAN INVESTMENT ABROAD, TRANSACTIONS, 31 DECEMBER 2018

INCOME

Income debits

Income debits totalled $117.5b for the year ended 31 December 2018, an increase of $15.9b on income debits from the previous year. The main countries to which income accrued for the year ended 31 December 2018 were:

• United States of America $28.3b (24%)
• United Kingdom $13.9b (12%)
• Japan $11.8b (10%)
• Belgium $7.7b (7%)
• Bermuda $4.0b (3%)
• Netherlands $3.5b (3%).

Income credits

Income credits totalled $61.4b for the year ended 31 December 2018, an increase of $9.1b on income credits from the previous year. The main countries from which income accrued for the year ended 31 December 2018 were:

• United States of America $16.4b (27%)
• New Zealand $5.5b (9%)
• United Kingdom $4.5b (7%)
• Germany $2.2b (4%)
• China (excludes SARs and Taiwan) $2.1b (3%)
• Netherlands $1.5b (2%).

This page last updated 8 May 2019

There's a book, 'Thanks to the Yanks? The Americans in Australia' - written in the 1970s. I had copy once and I'm sure you can get it online.

It gave insight into the US influence in Australia and the inbalance that exists in that relationship. Interesting to note from the Bureau of Statistics that not much has changed and US interests continue to do well out of the so-called relationship.

 

[crocodile]

Oh, you will.

Maybe from boredom, but that's about all.

 

[Willow]

Maybe from boredom, but that's about all.

Depends on your level of maturity... and smarts.

 

[Willow]

PS, thanks a million @muzby

 

[muzby]

PS, thanks a million @muzby

What have I done now?

 

[Willow]

What have I done now?

You said the M word. Which inevitably leads to the C word.

 

[muzby]

You said the M word. Which inevitably leads to the C word.

Mary?

Well he is a merkin for what he’s done to the team.

 

[merahputih]

Got a link for that?

If the Yanks were so worried about Chinese interests in Darwin, then maybe they should have come to the bidding table.

For decades now the USA have been given plenty by Australia. It has been a while since they've given much in return. In East Timor, for example.

 

[merahputih]

Willow, this is Turnbull's reaction to Obama's questioning of the lease.https://www.afr.com/politics/let-us-know-next-time-how-obama-chided-tu[