According to The Jiji news, the proportion of people in Japan who graduated from universities in March and secured jobs as of April 1 came to 97.3 pct, up 1.5 percentage points from a year before, a survey by the labor and education ministries showed recently.
The job-securing ratio marked the first increase in three years and nearly reached pre-pandemic levels as the economy recovered from the pandemic. The ratio was at a record high of 98.0 pct in 2018 and 2020.
According to The Australian Financial Review, Lendlease has sold over 50 per cent of its luxury residential tower One Circular Quay in Sydney’s CBD, resulting in over $1 billion in sales to date, in what is set to become Australia’s most expensive residential tower.
The early sales are being driven by a mix of local and overseas buyers jostling for a rarely offered luxury foothold in Sydney’s center stage: Circular Quay.
Located at the former Gold Fields House site in Circular Quay, the development is part owned by Lendlease alongside Mitsubishi Estate Asia, which took a two-thirds stake in the $3 billion project in July last year.
According to The Jiji News, Kansai Electric Power Co. said Monday it will enter the business of developing and operating large-scale data centers.
The Japanese power supplier plans to establish a fifty-fifty joint venture with major U.S. data center operator CyrusOne later this month. The joint venture, CyrusOne KEP Inc., will have capital of 586 million yen and will be located at Kansai Electric's headquarters.
According to The Jiji News, monthly wage hikes major Japanese companies have so far agreed in this year's "shunto" spring wage talks with labor unions reached the highest level in at least 30 years, the Japan Business Federation.
The hikes averaged 3.91 pct, or 13,110 yen, for unionized workers at 92 companies in 15 industrial sectors, according to the initial tally released by the business lobby, also known as Keidanren.
According to The Australian Financial Review, shipping green hydrogen as a liquid or as ammonia can lose almost half the hydrogen’s energy content by the time it reaches the customer, according to a study from ASX-listed would-be shipper Provaris Energy.
Provaris, which touts a compression-based shipping method, says the energy content of liquid hydrogen and ammonia is drastically reduced once production, shipping, storage and conversion back to gas are factored in.
The company’s report, issued recently, underscores the major technical challenges Australia faces as it strives to become a hydrogen-exporting superpower.
According to The Australian Financial Review, APA Group has determined that about half of its pipelines could be used to transport hydrogen after completing testing that confirmed it was technically feasible to convert a section of a West Australian line.
The potential conversion of the last 43 kilometre section of the Parmelia Gas Pipeline to carry up to 100 per cent hydrogen – a plan that dates from 2021 – would support tentative plans by APA and Wesfarmers to transport hydrogen to Wesfarmers’ chemicals and fertiliser plants in Kwinana.
According to The Australian Financial Review, NSW home builder Rawson, whose net loss nearly doubled to $28.9 million last year, is counting on the backing of parent company Daiwa to ride out a downturn that it says will take another six months for market confidence to return.
The state’s 10th-largest volume builder in the Housing Industry Association rankings – with 546 home starts in FY22, down from 770 a year earlier – also received a further $30 million injection from Daiwa House Australia last calendar year, on top of $40 million a year earlier.
According to The Jiji News, Nippon Telegraph and Telephone Corp. plans to acquire Green Power Investment Corp., a Tokyo-based company running renewable energy power plants, in cooperation with Jera Co.
Through the acquisition, NTT aims to enhance its procurement of power generated from renewable energy sources and make progress toward its decarbonization goal.
According to The Jiji News, Honda Motor Co., Yamaha Motor Co. and two other Japanese motorcycle makers have announced that they will launch joint research for the development of hydrogen-powered engines for small mobility.
The four companies, also including Kawasaki Motors Ltd. and Suzuki Motor Corp., said they will set up a technological research association in June. Through the move, the four firms aim to develop eco-friendly, next-generation motorcycles that can help enhance their international competitiveness.
According to The Australian Financial Review, the $3.5 billion bulk-billing plan to improve GP access with no out-of-pocket costs for 11.6 million people was a centrepiece announcement of Treasurer’s second budget recently.
Under the scheme, doctors will be paid three times as much to bulk-bill families with young children, pensioners and concession cardholders. A lack of bulk-billed appointments has put primary healthcare out of reach for this priority group, especially in poorer communities, according to research from the Grattan Institute.
Listed companies Sonic Healthcare, Healius, Australian Clinical Labs, Integral Diagnostics and Capitol Health were likely to profit from the plan, Mr Wong-Pan told clients in a report.
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