PLAY PKN: Video News Bulletin 24 Jan

PLAY PKN, the weekly video bulletin of the top stories making the news.

This week featuring Nestle, Pact Group, Astron, Bushfire updates, CUB Cascade Breweries, Tetra Pak, Canopy, China ban on single-use plastics...

Food & Drink Business

Two of Australia’s peak business bodies have welcomed the federal government’s response to its Strategic Examination of Research and Development (SERD), but the Australian Industry Group (AiGroup) has raised sharp objections to a proposal it says will actively reduce the business R&D investment the report itself identifies as critically low.

A sweeping government review of Australia’s research and development system has recommended significant changes to tax incentives, manufacturing support and R&D funding to reshape how companies invest in innovation.

Food redistribution platform, Yume Food Australia, has been acquired by Procurement Australia, after the company went into liquidation last November. The technology will now be re-established and operated under Procurement Australia’s ownership.