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The Latest Breaking News from MMI

2025 Audi Q6 E-Tron Interior Revealed With Front Passenger Display

Audi's first EV based on the PPE platform co-developed with Porsche brims with technology inside.

Motor1

$70m more in MMI grants revealed

Another $70 million committed under the Coalition’s Modern Manufacturing Initiative have been executed, continuing the trend of contracted grant recipients having been received a few million more than expected. Arafura Resources is receiving $32.9 million to support development of a rare earth separation plant, while Turbine Sunshine Coast is receiving…

InnovationAus

Second review of $1.3bn MMI grants program on the cards

Australia’s national auditor is contemplating a review of the former Morrison government’s $1.3 billion Modern Manufacturing Initiative, despite an earlier internal review commissioned by Labor clearing the grant selections. The Department of Industry-run grant program is one of several government programs across multiple departments and agencies in the Australian National…

InnovationAus

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Industry dept told to report weekly on MMI grant progress

Industry minister Ed Husic has asked his department to report weekly on the progress it has made signing off grants awarded through the former Morrison government’s $1.3 billion Modern Manufacturing Initiative. It comes after revelations that none of the 17 successful projects under the largest $828 million ‘Collaboration’ stream are…

InnovationAus

Morrison’s $1bn election announcements still waiting for funding

More than six months after a flurry of grant announcements by the Morrison government pledging $828 million to local manufacturing projects in the election lead up, none of the recipients have seen a cent. The Industry department has not yet entered into any formal arrangements with the approved recipients of…

InnovationAus

Dubai scraps 30% alcohol tax and licence fee in ‘bid to boost tourism’

Trial suspensions came into effect on Sunday and will last for rest of 2023 as observers welcomed potential boost to hospitality

The Independent UK

New year, cheaper beer: Dubai cuts alcohol tax

Dubai (AFP) - Dubai has dropped a 30 percent tax on alcohol sales in an apparent bid to lure tourists as competition rises between major cities in the wealthy Gulf.

AFP

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Dubai ends 30% tax on alcohol sales, fee for liquor licenses

Dubai has ended its 30% tax on alcohol sales in the sheikhdom and made its required liquor licenses free to obtain

The Independent UK

Carbon Revolution plan to leave ASX, list in the US

Just months after being given a $12 million Modern Manufacturing Initiative grant from the federal government, carbon fibre wheel maker Carbon Revolution has been acquired by a US company via a stock swap. If the deal with Twin Ridge Capital Acquisition Corporation goes ahead, Carbon Revolution will de-list from the…

InnovationAus

‘Shameful’ grants record adds to manufacturing delay

A year after Australian manufacturers applied for large COVID-19 recovery grants worth $800 million, the official go-ahead has been given, with an internal review clearing all the previous government’s funding decisions. Assistant manufacturing minister Tim Ayres on Friday defended the internal review, saying the Morrison government’s “shameful” history of grants…

InnovationAus

Husic approves all manufacturing grants under review

With an review now complete, Industry minister Ed Husic has now approved all grants made by the former Morrison government under its Modern Manufacturing Initiative on the eve of the May federal election. Mr Husic had put the processing of all grant under the scheme that had been announced but…

InnovationAus

Manufacturing enjoys time in the sun: industry reacts

Australian manufacturers have welcomed the election commitments from both Labor and the Coalition as they call on the next government to consult with businesses. The Labor party’s key commitment to advanced manufacturing is a $1 billion Advanced Manufacturing Fund coming out of the party’s greater $15 billion National Reconstruction Fund.…

InnovationAus

Labor plans to cut $200m from Entrepreneurs’ Programme

Labor will cut just under $200 million from the Entrepreneurs' Programme - about 75 per cent of the program’s funding - if it wins this weekend’s election, and will also “reprioritise” unallocated funds from the Coalition’s manufacturing grants scheme. Shadow Treasurer Jim Chalmbers and Shadow Finance Minister Katy Gallagher released…

InnovationAus

Federal and NSW govts chip in $46m for Satellite Manufacturing Hub

An Australian Satellite Manufacturing Hub will be built outside Canberra after the federal and New South Wales governments invested around $23 million each in the project. The Hub will be jointly led by Electro Optic Systems and Nova Systems, with Gilmour Space Technologies as a major partner. The $71.4 million…

InnovationAus

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InnovationAus

Hypersonix lands $8m as part of latest MMI cash splash

Aerospace engineering company Hypersonix has scored an $8 million Commonwealth grant for its hypersonic target drone as part of a $45 million manufacturing grants cash splash on Queensland companies by the federal government. The latest announcement brings the total amount of Modern Manufacturing Initiative (MMI) grants announced this week to…

InnovationAus

Southern Launch lands $5m as part of latest MMI funding

Adelaide-based space company Southern Launch has landed a near-$5 million federal government grant as part of the latest round of Modern Manufacturing Initiative funding, in which seven manufacturers shared $48 million. Industry Minister Angus Taylor on Monday announced a series of grants under the second round of the Integration and…

Benzinga

Marcus & Millichap: Q1 Earnings Insights

Marcus & Millichap (NYSE:MMI) reported its Q1 earnings results on Friday, May 6, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Benzinga

Marcus & Millichap's Earnings Outlook

Marcus & Millichap (NYSE:MMI) is set to give its latest quarterly earnings report on Friday, 2022-05-06. Here's what investors need to know before the announcement. Analysts estimate that Marcus & Millichap will report an earnings per share (EPS) of $0.72.

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InnovationAus

Boeing-led group wins $34m aerospace manufacturing grant

The latest government grant from the Modern Manufacturing Initiative will go to a Boeing led defence aerospace manufacturing network based in Brisbane, with the government funding around a third of the $103 million project. The Advanced Defence Aerospace Manufacturing Network led by the US giant will pull together 10 small…

InnovationAus

Govt’s $1.3 billion manufacturing grants shortlisted for audit

The administration of $1.3 billion in grants from the Coalition’s flagship manufacturing program could come under the microscope after being listed on the Audit Office’s potential work program for next year, alongside several government technology projects. The $450 million Digital ID scheme, the Tax Office’s business register modernisation, and the…

InnovationAus

Latest MMI grant serves $23 million to precision medicine

The latest grant under the Modern Manufacturing Initiative is worth $23 million and will support the production of precision medicine and theranostics in Australia. The MMI collaboration stream grant will support a $71.2 million Australian Precision Medicine Enterprise (APME) Project being jointly undertaken by Global Medical Solutions (GMS), Telix Pharmaceuticals,…

InnovationAus

Regions favoured in govt’s slow moving manufacturing grant scheme top-up

The $1 billion increase to the government’s manufacturing strategy will mostly go to regional Australia, with $700m reserved for regional manufacturing and supply chain projects, and $328 million to be added to the existing non-regional programs. The top up comes despite only a fifth of the original scheme’s funding being…

InnovationAus

Genomic cancer research gets $61.2 million federal boost

In its latest announcement under the federal Modern Manufacturing Initiative, the government has funneled $61.2 million into a cancer drug project. The co-funded grants come under the collaboration stream of the $1.3 billion Modern Manufacturing Initiative (MMI) will support the $185 million Precision Oncology Screening Platform enabling Clinical Trials (PrOSPeCT).…

InnovationAus

BlueScope scores $55m govt grant for steel manufacturing plant

BlueScope Steel has been awarded $55 million from the federal government’s flagship manufacturing grant program to part-fund the redevelopment of its advanced manufacturing precinct near Wollongong. The precinct includes a new facility to produce steel for military applications and renewable energy infrastructure. Announced Tuesday, the grant comes from the collaboration…

StockNews.com

Forget Redfin, Buy These 3 Real Estate Services Stocks Instead

The real estate services industry has benefited from bullish trends throughout the COVID-19 pandemic, thanks to overwhelming demand for living space in an extensive and growing remote culture. Because the hybrid work culture continues to gain traction, the industry is expected to witness further demand. However, we think Redfin’s (RDFN)…

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