EDITORS MESSAGE OCTOBER

Written on the 3 December 2010

OCT 2010

THE gutted tourism industry is about to have life breathed into it when around 250,000 motorsport fans converge on Surfers Paradise for the V8 Supercar spectacular this month.
The Armour All 600 will pump an estimated $60 million into the local economy and reach a vast international audience at a time when an overheated Aussie dollar is hindering this city’s key export.
State Governement commisioned V8 Supercar governing body AVESCO to manage the event following the ramshackle that ensued last year when egregious management almost derailed it.
AVESCO has appointed a gun chief executive Martin Whitaker, who joins the organisation at a crucial time. From F1, world rally and now Australia’s own dynamic powerhouse brand the V8 Supercars, Whitaker believes he has what it takes to motor the brand and the race to the winner’s podium.
We talk to the well-connected Englishman about the sport and its future in Australia and overseas as the country’s premier motor racing category gets a rev with a significant increase in investment and new markets.
The economic spin-offs trickle into a number of businesses around the Coast, including the winner of the Business Excellence Awards innovation prize.
When Aston Martin engineers were looking to cool the V12 motor of one of the world’s most expensive luxury supercars, they didn’t go to the UK, Italy or even Germany for the components. They went to PWR at Ormeau.

PWR products can be found on V8 Supercars, the Porsche Cup vehicles, US NASCAR and Le Mans series race cars and even in the engine bays of two Formula 1 teams.

Also hitting the accelerator are investors eager to tap into hot property prospects. New research suggests investors should pay more attention to the Sunshine State.

The white paper Queensland Investment Case: Why Queensland? Why Now? argues the Queensland economy is on the verge of strong and sustained recovery, led by major engineering, construction and infrastructure projects. Property researchers and commentators agree that it’s perhaps time to look at Queensland in a new light.

And while governments and economists thrive on stats that emanate from the mining sector, Federal Minister for Innovation, Industry, Science and Research Kim Carr, has sent a warning. Australians need to put the relevance of the industry into perspective and diversify for the future.

Carr highlights that the mining industry contributes 8 per cent of GDP and only 1.4 per cent of employment. He says the industry as an ‘insatiable beast’ is uni-dimensional and one of the reasons why Australia has weathered the crisis so well is its economic diversity - but we cannot afford an unbalanced economy.

His comments are reflected in the emergence of the e-commerce industry and in this issue we profile two innovators who have developed online business models to cater to fresh demand in their respective industries.


Latest News

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winn...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the bac...

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that t...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter