AGP Executive Report
Last update: 11 hours agoRevolut Banking Push: Revolut has secured an Australian banking licence and launched Revolut Bank Australia, with existing customers transitioned automatically and new savings/credit products set to roll out. Housing & Credit Pressure: HIA says new home sales softness is worsening, with builders expecting commencements to fall as interest rates bite and SMSF borrowing restrictions are set to trigger contract cancellations. Mining Tech Deal: Singapore’s Novo Tellus has invested in Toowoomba-based RME, backing its mill relining systems and aftermarket services expansion. Courtroom Wage Fallout: A Federal Court ruling finds Domino’s misled franchisees on wage payments, potentially exposing it to compensation claims for thousands of underpaid workers. Defence & Sovereign Testing: Queensland is backing a private outback “space port” range near Thargomindah for guided weapons and horizontal-launch testing. ASX Healthcare Momentum: Proteomics International surged after signing Healius as its exclusive Australian pathology distribution partner for its Promarker portfolio. Energy Transition in the Regions: Pacific Energy and Horizon Power have agreed a renewables-plus-storage system to supply up to 80% of Menzies’ power demand by 2027. Cyber Resilience Warning: PNG needs stronger cybersecurity as ransomware and phishing threats rise with digital transformation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.