Albanese pledges prosperity through manufacturing boost

Anthony Albanese says the plan will set Australia up for decades. (Image: Getty)

Thu, 04 Jul 2024

By Andrew Brown and Jacob ShteymanAustralia's natural assets can spearhead a push to increase the nation's manufacturing sector and renewable energy industry, Prime Minister Anthony Albanese says.The federal government put forward its signature Future Made in Australia policy to parliament on Wednesday, aiming to safeguard the nation's control over its resources and assets for years to come. Albanese said more than A$22 billion (NZ$24.1b) would be spent over the next 10 years to revive the nation's manufacturing base, parti...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX 50 lifts 0.5% as Eroad continues to climb

Metroglass shares were down after it announced its recapitalisation plan.

Gregor Thompson 11 Aug 2025

Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.”

Ian Llewellyn 11 Aug 2025

Markets

Metroglass recap plan hands control to Amari Metals

An independent report said Metroglass was left with “no viable alternatives”.

Gregor Thompson 11 Aug 2025

Metroglass recap plan hands control to Amari Metals

Sponsored

Why NZ businesses lag on solar and the adoption of clean on-site renewable energy

Aussie firms are beating Kiwis in solar use – but that can change.

Lightforce

Sponsored

A decade in, Spark’s AI journey is paying off

The telco’s use of AI offers insights for every Kiwi business.

Spark

More Economy

Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.”

Ian Llewellyn 11 Aug 2025

Economy

Treasury says covid spending overcooked

A new Treasury paper has criticised the last Government for overspending during the pandemic, leaving the country with a high level of public debt that makes it vulnerable to future shocks.The paper calculated the total cost of the pandemic at about $66 billion. It put the total...

Staff reporters 07 Aug 2025