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The Australian government recently stated that Balabac Island will undergo heavy development
BALABAC - The island of Balabac has been under Australian control for nearly 1 year already and has only seen development by the construction of military facilities in the northwestern portion of the islands that includes a 4 runway big airbase that can house 60 to 70 planes, a naval base that can hold as many as 30 naval destroyers, and a large military complex that houses close to 10,000 soldiers. The presence of the soldiers has long made tourism and entertainment services the local population 's main source of income. Although the government had tried to made strides to help improve basic services and establish a working diversification program for the 40,000 inhabitants, crisis in home and abroad had halted such actions.
However, with the ongoing economic boom in construction,mining, services and manufacturing sectors in Australia, many Australians have begun to earn more than they need, and due to government and AusGroup friendly investment funds, millions of these excess money is pouring in to be used for investments to gain dividends. Many investment funds see that the island of Balabac is a strategic location for trade, commerce, ideas as well as new startups as the island or islands are located near the South China Sea, to the west of the Philippines and to the North of Malacca. The potential of the island can be seen as the new Macau/Hong Kong/ Las Vegas.
Already Italian Edifice Group has agreed to develop the island's real properties and estates, with the government helping shoulder 50% while the rest will be by the Italian company. This is in order to kick start a real property industry in the island that can be home to future workers, inhabitants or popular persons. The company will also see to it the construction of new office,residential and luxury buildings with the intention of drawing businesses and corporations to establish their main headquarters in the country as well as to house several private banking institutions from Australia, America, and Europe with the intention of making the island a financial center and a possible tax haven to further encourage investment and finance tourism.
Meanwhile, instead of Tasmania, refugees from Magella and other South American countries currently embroiled in a war will be diverted to Balabac, where the local garrison has already started prior weeks ago the construction of a housing project for the approximately 40,000 refugees with many more thousands to arrive. The said refugees will not be forgotten by the Australian government, which in partnership with several Magellan corporations has agreed to establish several BPO and call center industries as well as several more retail industries such as laundry, fast food franchises, local book stores and many more.
To attract tourists and the wealthy in Asia, the island will feature several high rise casinos and extravagant malls with products from all over the world. MGM plans to build a huge building complex that will feature several condominiums, casinos, a mall, a subdivision, indoor gyms, clubhouses and a mini airstrip for private planes that is estimated to cost $4.18B dollars.
All the while, the island will undergo extensive urban and rural plannng with Helios III already laying out plans to develop Balabac Island into a clean green metropolis with the use of renewable energy, new advanced technological innovations, electronic facilities, and zero waste disposal. Helios III will also spread out advisors to rural farmers to help them create far effective practices that will help them reap more food and produce more animal products.
To the south, a new special economic zone that will house huge manufacturing assembly lines for several consumer goods will be established wherein all taxes and tariffs will be eliminated and will help churn out low price goods to anywhere in the region, using recruited labor from China, the Philippines, Indonesia and neighboring Malacca. The special economic zone is expected to host more than $230M dollars worth of products using investments garnered from European, Chinese, Japanese and Australian corporations and individuals.
It is expected that more development will be done in order to help the island be one of Asia's economic city hubs.
||8,000 refugees arrive in Balabac || Holt Construction Corp contracted to 71 project development contracts || Development and total investment on Balabac reaches $20B dollars, mostly from Italian companies || Several environmentalist protests occur in Sydney
AusGroup corps bought 15% from energy giant ENEL for $10B
ROME - Several AusGroup corporations bought a combined 15% of total shares of ENEL, an Italian multinational manufacturer and distributor of electricity and gas, for $10 Billion dollars. AusGroup Fund spokesperson told media.
The purchasing of the said stocks adds a huge amount of net worth to the already huge investment fund of AusGroup Fund. The combined 15% of the AusGroup corporations puts the group into being the 2nd largest stockholder, with only the Italian government having a bigger share at 23%.
One of the AusGroup corporations that bought stocks from ENEL is innovation and R&D agency Helios III. The company's head is already part of the company's board of trustees and recently forged a massive deal that would help supplement a green revolution of energy in Italy with products from Helios III. The agency has also stated that new partnerships involving electronic vehicles is already underway and that both company's scientists are already planning on making joint progress on creating a better tomorrow.
||ENEL to open new branch in joint venture with Helios III || Estimated annual payout of $377.4M from dividends from ENEL shares|| AusGroup Fund reaches $1.433T net worth || $500M worth of real property bought in Ukraine to be leased soon to buyers
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