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Industry assistance falls to $15B: Productivity Commission’s 50th review

The Productivity Commission has unveiled its 50th annual Trade and Assistance Review (TAR), detailing the amount of industry assistance provided by the Australian Government for the 2022-23 fiscal year.

Moderna announces new head of mRNA vaccine manufacturing site in Melbourne

Global medical technology company Moderna has appointed Emma Harrington as the inaugural manufacturing site head for the company’s new mRNA vaccine manufacturing site in Australia. 

Moderna’s vaccine manufacturing hub in Victoria nears completion ahead of schedule

Victoria is one step closer to locally manufacturing mRNA vaccines and medicines, with the construction of Moderna’s mRNA vaccine manufacturing facility reaching the halfway mark, progressing faster than originally planned.

Queensland’s employment forecasted to grow significantly by 2025-26

The Anticipating Future Skills Series from Jobs Queensland has released four headline employment forecasts for the five-year period 2025-26, estimating total employment of nearly three million, an increase of 207,000 new jobs.

Australia’s 4.6% decline in labour productivity driven by pandemic, low unemployment rate

The Productivity Commission’s 2023 Bulletin has revealed that the 4.6 per cent fall in labour productivity for the 12 months to March 2023 is brought about by the unwinding of COVID-19-related effects and historically low unemployment rate.

Yeast dust enables cheap and fast virus detection test – UQ researchers

Researchers from the Australian Institute for Bioengineering and Nanotechnology (AIBN) at the University of Queensland have developed powdery "nanoprobes" from baker's yeast that may one day be used to quickly and cheaply identify viruses in an environment.

Vaxxas unveils positive clinical trial results for needle-free COVID-19 vaccine

Australia biotechnology company Vaxxas said it achieved positive interim results from a Phase I human clinical trial with the first needle-free COVID-19 vaccine candidate. 

Australian job vacancies ease in February but remain high historically

Australia's job vacancies dropped in the three months leading up to February, the third consecutive quarter of decline, but figures remain significantly higher than levels prior to the pandemic, indicating a competitive labour market, according to the latest Australian Bureau of Statistics (ABS) data.

SWA rolls out report detailing pandemic impacts on returning workers

Government statutory agency Safe Work Australia (SWA) has issued a new report illustrating the effects of the COVID-19 pandemic on workers returning to work following an injury or illness.

ASX biotech firm Noxopharm’s new mRNA enhancer to make vaccines safer

Australian biotech company Noxopharm Limited unveiled today the development of a new mRNA vaccine enhancer that will make mRNA vaccines safer by reducing inflammation associated with mRNA vaccines. 
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.