Warren Truss.
Warren Truss. Robyne Cuerel

Deputy pleased GrainCorp takeover bid rejected

DEPUTY Prime Minister and Minister for Infrastructure and Regional Development Warren Truss has welcomed the decision by Treasurer Joe Hockey to reject the proposed takeover of GrainCorp by American company Archer Daniels Midland.

Mr Truss reiterated the government's strong support for foreign investment and its continued importance to agriculture in Australia. However, not all foreign takeovers are in the national interest.

"The Australian grain industry must now get on with building a strong future for itself and growing its export markets across the globe," he said.

"I welcome the fact that Australia will continue to have a major locally-owned company dedicated to furthering the interests of the Australian industry."

Gympie Times

Community groups rally for homeless

Community groups rally for homeless

Community groups rally for homeless at the Winsome

Art recognises the memory

Art recognises the memory

Gallery plays host to new Art & Dementia Program

Give me Fisherman's Co-op over swanksville any day

Give me Fisherman's Co-op over swanksville any day

hygge is the Danish word for enjoying life's simple pleasures

Local Partners