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Business News - Business, finance, political, & economic news.

Corporate Finance DealsView all

Echo to raise $5m for gold project

Gold explorer Echo Resources has tapped investors for $5 million to fund ongoing development of its Yandal project near Wiluna.

Graphex raises $2.6m for Chilalo

Graphex Mining has tapped investors for $2.6 million as it moves ahead with development of its Chilalo graphite project in Tanzania, amid legislative changes to how the country’s government receives mining royalties.

Tempo buys electrical engineer

Tempo Australia has announced the acquisition of NSW-based electrical engineering company KP Electric for up to $10.1 million.

Attila completes New Century reverse takeover

New Century Resources has enjoyed fruitful gains on its first day of trading on the ASX after completing a reverse takeover of Perth-based Attila Resources.

Bis in $1bn debt-for-equity deal

Bis Industries, one of the major transport players in Western Australia, will come under new ownership after a $1 billion debt-for-equity swap deal was struck with its major lenders.

Most CommentedView all

EPA rejects MinRes, Sinosteel iron ore mines

The environmental watchdog has recommended rejection of two proposals to mine iron ore in Western Australia because they would cause irreversible damage to the land.

Perth tech pioneer passes away

Conrad Crisafulli, who was one of the pioneers of venture capital investing and technology commercialisation in Western Australia, has died after a long illness.

Prelude to an LNG drag race

OPINION: The resources world is watching to see how the technology on Shell’s Prelude platform performs against Inpex’s more traditional Ichthys operation.

CEO lunch with Wayne Belcher

New Business News CEO Mark Pownall sat down at Julio’s with Braemar Presbyterian Care’s Wayne Belcher to discuss his career and experiences in the aged care sector.

Greens senator quits federal parliament

Greens senator Scott Ludlam is leaving federal parliament after finding out he was improperly elected more than a decade ago.

Politics & the EconomyView all

Inflation rate cools in June quarter

Australia's inflation rate has cooled in the June quarter, dragging the annual headline rate below the central bank's target in the 2 to 3 per cent range.

More IPOs, less raised

About a quarter of ASX floats in the six months to June were undertaken by Western Australian companies, but the total amount raised is falling according to a new report.

Rising dollar guards petrol pump: CommSec

A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

WA economy lags nation, again

Western Australia has achieved the unwanted title of Australia's worst performed economy for a fourth consecutive quarter.

Steele-John to replace Ludlam in Senate

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Upcoming Business News EventsView all

Hyatt Regency Perth - 20 September 2017

PropertyView all

Land price rise stokes property positivity

Land prices in Perth increased by 3.7 per cent in the June quarter, the latest sign of positive movement in the property sector, according to the Urban Development Institute of Australia WA.

Luxury hotel named WA’s best build

Crown Towers Perth has emerged as Western Australia’s standout construction project, with the ultra-luxury hotel on the Burswood Peninsula winning two major categories at the Master Builders Association’s annual excellence in construction awards.

Melville Plaza to get $5m upgrade

Retail landlord Hawaiian will spend $5 million bringing one of the oldest shopping centres in its portfolio up to date, with work to start on a redevelopment of the 45-year-old Melville Plaza later this month.

Positivity flows into office sector

A growing chorus of major voices in Perth’s commercial property sector is suggesting the worst of the recent period of sluggish activity may be over, with consistent demand for space and renewed investor interest indicating the marketplace is on the improve.

Eastern deals attract west coast groups

East coast opportunities are increasingly beckoning for WA-based property companies.

WA Event CalendarView all

WA's most comprehensive guide to forthcoming business-related events. To list an upcoming WA event on this page, complete the online submission form.

Arts & CommunityView all

Artist in residence with Sharyn Egan

Sharyn Egan didn’t fully embrace her lifelong dream to be an artist until her 38th year.

Banking on a collaborative culture

Startup founders, business leaders, policy makers, artists and creative institutions are joining forces to shape the future of WA’s economy.

Screenwest becomes an NFP

The state’s peak body for screen funding and development, Screenwest, has today formalised its transition from a government agency to an independent not-for-profit organisation.

Charities challenged to measure up

Many charities are struggling to measure outcomes in an increasingly competitive funding environment.

Artist in residence with Berndnaut Smilde

Berndnaut Smilde has spent years sculpting temporary clouds inside bare and evocative architectural spaces, but was inspired to replicate his artwork outdoors after encountering the sweeping landscapes of the Pilbara last year. 

EnergyView all

Tough leaves Aurora Labs for CEFC

Samantha Tough has become the third director to step down this year from the board of 3D printing company Aurora Labs, which has experienced a wild ride since listing on the ASX last August, initially enjoying a spectacular share price rally before losing most of the gains.

Jockeying for position in Perth Basin

SPECIAL REPORT: Only a small number of oil and gas players in the Perth Basin are moving forward on projects.

Fracking moratorium hit to under-pressure gas plays

SPECIAL REPORT: Ongoing uncertainty over state government policy and a lengthy approvals process are muddying the waters for local energy hopefuls.

Mixed results for Woodside

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf. 

Walker replaces Aitken at Empire

Former Canaccord Genuity head of energy Asia Pacific, Angus Walker, has taken over the helm of Perth Basin energy producer Empire Oil & Gas today after the resignation of managing director Ken Aitken.

"Mark My Words" PodcastsView all

21 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector.

 

14 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss property development, university donations, lithium action, crowd-funding and Japanese buyers.

 

14 July 2017

New Business News CEO Mark Pownall sat down at Julio’s with Braemar Presbyterian Care’s Wayne Belcher to discuss his career and experiences in the aged care sector.

07 July 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss Paladin's collapse, Fastbrick Robotics, Peet and Perron Group, indigenous contracting and this year’s Total Shareholder Return survey.

30 June 2017

In this Business News podcast Mark Pownall and Mark Beyer discuss BHP expansion, EPA decisions, renewable projects, Rising Stars, and BN Awards.

Food & WineView all

Syme distils recipe for success

A series of local and global accolades has helped craft export opportunities for Great Southern Distilling Company.

Great Southern takes top prize at Telstra awards

Boutique distillery Great Southern Distilling Company has been crowned this year’s Telstra Western Australian Business of the Year.

Removing the mystery from beer history

A pair of beer industry entrepreneurs is aiming to raise awareness of the history of WA’s favourite amber fluid.

Collins buys more WA KFC restaurants

ASX-listed Collins Foods will spend $110.2 million to acquire 28 KFC restaurants around Australia from US-based Yum! Brands, six of which are in Western Australia.

Claremont tops for amenity

Theoretically speaking, office workers in Subiaco have to wait about seven times as long as their Claremont counterparts for a morning coffee, an analysis of amenity levels across 50 suburban office markets has revealed.

MiningView all

Former Nido MD joins Santos

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.

Black Mountain recruits Barnes

Perth businesswoman Bronwyn Barnes has joined minerals explorer Black Mountain Resources as its interim chief executive, following the departure of Julian Ford earlier this month.

Eastern pours gold at Davyhurst

Eastern Goldfields has poured first gold at its Davyhurst operation near Kalgoorlie, amid a looming court battle against the project’s refurbishment contractor, GR Engineering Services.

Paladin administrators restructure debt

The administrators of Paladin Energy have entered into an agreement with Deutsche Bank to refinance some of the troubled uranium miner’s debt and fund ongoing work at the Langer Heinrich mine in Namibia.

Newcrest output drops on Cadia hit

Newcrest Mining has posted a 2.4 per cent drop in full-year gold production driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.

OpinionView all

Hard to be neutral amid IT upheaval

OPINION: There are a few battles going on in the tech world at the moment; it’s worth watching these fights as bellwethers for the direction of the industry.

Mark my words podcast

In this Business News podcast Mark Pownall and Mark Beyer discuss FMG's native title stoush, trucking sector restructuring, Quintis drama, economic update, honey, and the onshore oil and gas sector. 

Wake up and write

OPINION: Without regular engagement with your social media followers (potential customers), your social media business strategy is going nowhere.

Settling foundations for GST change

OPINION: The perverse incentives created by the application of horizontal fiscal equalisation emerged clearly during a recent Productivity Commission inquiry.

Libs need to mend some fences

OPINION: The ball is in Malcolm Turnbull’s court if the Liberals want to shore up seats in WA.

RetailView all

Woolies deals another blow to Coke

Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.

Dick Smith class action ready to launch

A class action against failed electronics chain Dick Smith on behalf of disgruntled shareholders has been given the green light.

Woolies to remove single-use plastic bags

Woolworths, Big W and BWS liquor stores nationwide will stop giving out free plastic shopping bags within the next year.

Coca-Cola Amatil dealt double blow

Coca Cola-Amatil has suffered a double blow, losing a contract with Australia's largest pizza chain to its rival and failing to get its latest no sugar offering on the shelves of supermarket giant Woolworths.

Camera Electronic focused on growth

Fifty years after Ronald and Valerie Frank started a camera repair business from their home, their two sons oversee a fast-growing business that combines a new bricks-and-mortar store with an expanding online presence.

Most viewed people

John Lyons

John Lyons

Executive Director, PDC

Josh Puckridge

Josh Puckridge

Non-Executive Director (since 2015), (Company Secretary 2012-2015), Naracoota Resources
Director, Cicero Advisory Services
Non-Executive Chairman, Blaze International
Executive Chairman, Fraser Range Metals Group
Non-Executive Director, Red Gum Resources

Scott Sullivan

Scott Sullivan

General Manager, New Century Resources

Conrad Crisafulli

Conrad Crisafulli

Former Non-Executive Director, Nearmap

Alan Taylor

Alan Taylor

Former Non-Executive Director, Finance Director, Noble Mineral Resources
Former Senior Tax Manager, KPMG

Thought LeadershipView all

Local solution solves global IT issue

Government at all levels is focused on improving public safety and security at present.

Three ways to grow your business and boost revenue

Untapped innovation worth $37 billion to WA economy. Can innovation help grow a business and generate more revenue? 

Help! My employee is broken… What do I do?

In Western Australia, approximately two people are injured per hour seriously enough to take one or more days/shifts off work.

Facing in to retail headwinds the best strategy

Despite news reports of a retail decline, research shows innovative consumer businesses can still thrive.

ESIC Legislation Turns One

A celebration is seemingly in order, as the Early Stage Innovation Company (ESIC) tax incentives are turning one!