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

Corporate Finance DealsView all

Transaction Solutions International

TSI in $8.6m purchase

Business News Business News
13 Dec 2018

Local tech company Transaction Solutions International has acquired a Sydney-based cloud management business in a deal worth $8.6 million.

P&N Bank

P&N ponders $6bn tie-up

Tayler Neale Tayler Neale
13 Dec 2018

P&N Bank is considering a merger with regional east coast credit union bcu, which is about half the size of the Perth-based lender, to form a combined group with a $6 billion asset base and 150,000 customers across the country.

Empired

HeraMED launches on ASX

Tayler Neale Tayler Neale
12 Dec 2018

Israeli tech company HeraMED, which is commercialising a home pregnancy monitoring device, started trading on the ASX today, after raising $6 million via an initial public offering.

Macquarie Capital

BGC appoints Macquarie Capital

Mark Beyer Mark Beyer
03 Dec 2018

The planned sale of BGC Australia has taken another step forward with the appointment of investment bank Macquarie Capital as corporate adviser to the family-owned business.

Carnegie Clean Energy

EMC deal falls through for Carnegie

Tayler Neale Tayler Neale
30 Nov 2018

Carnegie Clean Energy has been forced to abandon plans to sell its battery storage and microgrid business, while chairman Terry Stinson has detailed the renewable energy outfit’s recent struggles in an address at today’s annual meeting.

Politics & the EconomyView all

McGowan reshuffles cabinet

Business News Business News
13 Dec 2018

Premier Mark McGowan has reallocated six portfolios within his cabinet, including the energy portfolio being transferred from Treasurer Ben Wyatt to Mines and Petroleum Minister Bill Johnston.

Fremantle Ports

Freight links still key for Freo port future

Matt Mckenzie Matt Mckenzie
12 Dec 2018

Fremantle’s port has room to grow container trade, possibly for three decades, according to a new report by the state government’s Westport taskforce, but freight infrastructure improvements are needed in the short term at Fremantle, Bunbury and Kwinana.

WA misses out on space station

Tayler Neale Tayler Neale
12 Dec 2018

The state government has voiced its frustration at the Commonwealth’s decision to choose Adelaide as the home of Australia’s $41 million space agency.

WA accepts $121m remote housing deal

AAP Business News
07 Dec 2018

The state government has reluctantly accepted an improved offer from the Commonwealth for remote housing funding.

Urban Development Institute of Australia WA

Housing, red tape focus as state budget lifts

Matt Mckenzie Matt Mckenzie
06 Dec 2018

The state budget will be in surplus in 2019/20, according to Premier Mark McGowan, while a $421 million expansion of the Keystart program for first homebuyers and a move to reduce red tape will be two new policies to support the local economy.

PropertyView all

JLL

Singapore's GIC adds Exchange Tower to Australian portfolio

Business News Business News
13 Dec 2018

Singapore’s GIC Real Estate has made its second major Perth commercial property purchase, acquiring A-grade office building Exchange Tower from joint owners Primewest and AMP Capital for $326 million.

Old school cool in new Northbridge

Dan Wilkie Dan Wilkie
13 Dec 2018

Graham Hardie is continuing to evolve his entertainment empire after nearly four decades in Northbridge hospitality.

Westforce Construction

Westforce in $4.2m property spend

Tayler Neale Tayler Neale
12 Dec 2018

Engineering contractor Westforce Construction has purchased two adjoining properties in Welshpool for $4.2 million, as the company plans to expand its business.

Housing Industry Association

WA housing lags nation: HIA

Tayler Neale Tayler Neale
12 Dec 2018

Western Australia has the worst residential building conditions in the country, according to a new report from the Housing Industry Association.

Savills

South West servos sell for $34m

Tayler Neale Tayler Neale
12 Dec 2018

Federal government-backed agency Indigenous Business Australia has purchased two adjacent petrol stations on Forrest Highway south of Perth for $34 million from Perth-based investment group Security Capital Australia.

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.
18 Jan 2019 | @ 08:00am
Get Amplified Session - How to Explode Your Business in 2019
29 Jan 2019 | @ 06:00pm
Michael Mosley Fast 800 Tour
31 Jan 2019 | @ 08:00am
The CEO Summit
08 Feb 2019 | @ 07:00pm
Carbon's Annual Big Poker Night!
15 Feb 2019 | @ 12:00pm
UDIA WA: Perth in a Global Context - Politics and the Economy with Jonathan Pain
17 Feb 2019 | @ 10:00am
Wedding Open Day
23 Feb 2019 | @ 06:00am
MSWA Albany Ride
27 Feb 2019 | @ 05:30pm
Directors Briefing: Are you part of the innovation revolution?
13 Mar 2019 | @ 06:30pm
40under40 Awards 2019
14 Mar 2019 | @ 09:00am
Tom Peters - The Excellence Dividend Seminar

Arts & CommunityView all

Perron Group

Perron pledges billions to charity

Mark Beyer Mark Beyer
13 Dec 2018

Perron Group has announced key board appointments after the passing of its founder Stan Perron and disclosed the “greater majority” of its $4 billion in net assets will be donated to charity.

Nulsen Disability Services

Nulsen, Outcare announce merger

Delia Price Delia Price
11 Dec 2018

Two Western Australian charities have announced plans to join forces next year, creating a major new player in the sector.

WA Symphony Orchestra

New leadership for WASO, WAAPA

Delia Price Delia Price
07 Dec 2018

Two major arts companies have today announced new leadership, with the WA Symphony Orchestra appointing Mark Coughlan as chief executive and the Western Australian Academy of Performing Arts naming David Shirley as executive dean.

Fremantle Arts Centre

Contemporary music a catch for Freo Arts

Delia Price Delia Price
06 Dec 2018

Fremantle Arts Centre has developed a diverse range of revenue streams, including contemporary music and arts training courses, to fund local artists.

Rocky Bay

Rocky Bay expands disability focus

Delia Price Delia Price
30 Nov 2018

Disability service provider Rocky Bay has navigated its second not-for-profit acquisition, as it makes the move towards extensive infrastructure redevelopment.

Featured PhotographsView all

Hadiqa Moroccan Restaurant & Bar at Hibernian Place
Meeting room and rooftop
Success & Leadership breakfast with Chris Sutherland, Programmed
Element office kitchen
The Melbourne Hotel
Conservatory
Riff powered by SpaceCubed
Riff powered by SpaceCubed
Sculpture By The Sea 2018
Sculpture By The Sea 2018

EnergyView all

BHP Group

Alcoa locks in gas supply

Matt Mckenzie Matt Mckenzie
12 Dec 2018

Alumina producer Alcoa of Australia has signed three supply deals with BHP Group, Woodside Petroleum and Chevron to provide about 23 petajoules of gas between them annually from 2020 for its Western Australian refineries.

Perdaman Industries

SNC-Lavalin wins Perdaman contract

Mark Beyer Mark Beyer
21 Nov 2018

Vikas Rambal’s Perdaman Industries has signed up Canadian engineering company SNC Lavalin as lead contractor on its $4 billion Karratha urea project, one day after announcing a gas supply deal with Woodside Petroleum.

Royal Automobile Club of WA

RAC invests in $15m EV chargers

Tayler Neale Tayler Neale
22 Oct 2018

The Royal Automobile Club of WA has invested in Sydney-based Chargefox’s $15 million rollout of electric vehicle charging stations across Australia, which includes two in Perth.

Woodside Petroleum

Woodside, ENN pursuing options

Matt Mckenzie Matt Mckenzie
22 Oct 2018

Woodside Petroleum has signed a cooperation agreement with Chinese gas company ENN, while it is continuing work on the Scarborough, Browse and Pluto projects.

Macquarie Capital

Govt seeking more info on waste project

Mark Beyer Mark Beyer
18 Oct 2018

Just hours after the developers of a $670 million waste-to-energy project announced they planned to start construction after obtaining all necessary approvals, the state government disclosed it has asked the Environmental Protection Authority to conduct further investigations.

"Mark My Words" PodcastsView all

07 December 2018

PODCAST: Mark Pownall and Mark Beyer discuss property development challenges, weak housing market, Fast Brick Robotics (FBR), subcontractor protections, and our special report on Business Dynasties, including the Buckeridge, Perron, and Blackburne families.
30 November 2018

PODCAST: Mark Pownall and Mark Beyer discuss the Rio Tinto expansion, fracking move, Rob Scott, Eastern Goldfields, Stan Perron and our special report on CEO salaries.
23 November 2018

PODCAST: In this podcast Mark Pownall and Dan Wilkie discuss lithium deals, apartment projects, housing construction, Perdaman contracts, and our special report on wealth creators.
16 November 2018

PODCAST: Mark Pownall and Mark Beyer discuss the Navitas takeover, Karrinyup expansion, Belmont Park apartments, GST changes, Woodside's future, Wesfarmers demerger, and our look back at the past 25 years, including our special report on WA's biggest employers.
09 November 2018

PODCAST: In this podcast Mark Pownall and Mark Beyer discuss the BHP derailment, lithium plant approval, North West Shelf Gas agreements, construction news, hotel developments, PEXA sale, and our special report on WA's innovation awards.

Food & WineView all

Chevron

New Normal for restaurant waste

Delia Price Delia Price
29 Nov 2018

A small bar in Subiaco is demonstrating the benefits to business of developing more efficient waste management practices.

WA Insolvency Solutions

New owner for Beach Bar

Delia Price Delia Price
16 Nov 2018

Scarborough Beach Bar has been thrown a lifeline, with insolvency specialist WA Insolvency Solutions selling the company to hospitality operator the ARK Group, which currently operates venues including The Generous Squire and Market Grounds.

Shire of Augusta-Margaret River

Settlers Tavern finds growth formula

Cassandra Charlick
06 Nov 2018

Never settling for second best, a hardworking couple has spent the past 15 years transforming Margaret River’s local pub, Settlers Tavern, into a venue of national note.

Xanadu Wines

Xanadu wins top gong

Tayler Neale Tayler Neale
19 Oct 2018

Margaret River-based Xanadu Wines has claimed the coveted Jimmy Watson Memorial Trophy at the Royal Melbourne Wine Awards, which were held last night.

Paul Conti Wines

Small fish expanding the gin pool

Delia Price Delia Price
17 Oct 2018

WA gin distillers Grumpy Fish and The West Winds Gin are taking small steps in a crowded market, using local flavours and sustainable techniques to attract lovers of the spirit.

Special ReportsView all

CEO salary survey 2018

CEO salary survey 2018

03 December 2018

Our annual survey highlights new trends

Drop in million-dollar club

Drop in million-dollar club

Mark Beyer 03 Dec 2018
Ellison earns $4.7m, or is it $2.4m?

Ellison earns $4.7m, or is it $2.4m?

Mark Beyer 03 Dec 2018
Wealth creators 2018

Wealth creators 2018

27 November 2018

Mixed results for WA's wealthiest

Perron Group set up for long haul

Perron Group set up for long haul

Mark Beyer 26 Nov 2018
Mixed year for WA's wealth creators

Mixed year for WA's wealth creators

Dan Wilkie 27 Nov 2018
Commitment pays for Sayers, Tomasi

Commitment pays for Sayers, Tomasi

Dan Wilkie 27 Nov 2018
Fund Managers 2018

Fund Managers 2018

05 November 2018

New strategies to deliver returns

Funds grow as dynamic shifts

Funds grow as dynamic shifts

Matt Mckenzie 05 Nov 2018
Ibaera filling a funding niche

Ibaera filling a funding niche

Matt Mckenzie 05 Nov 2018
NWQ making volatility work

NWQ making volatility work

Matt Mckenzie 05 Nov 2018
Commercial property 2018

Commercial property 2018

29 October 2018

Foreign buyers lift market share

Perth office market absorbs foreign funds

Perth office market absorbs foreign funds

Peter Kermode 29 Oct 2018
Brookfield builds for the future

Brookfield builds for the future

Peter Kermode 29 Oct 2018
Sirona positive on Perth growth

Sirona positive on Perth growth

Peter Kermode 29 Oct 2018
Biggest Exporters 2018

Biggest Exporters 2018

22 October 2018

Rio Tinto leads our updated rankings

Exports jump as outlook improves

Exports jump as outlook improves

Matt Mckenzie 22 Oct 2018
Mid-tier miners iron out positions

Mid-tier miners iron out positions

Matt Mckenzie 22 Oct 2018
Agribusiness chews on challenges

Agribusiness chews on challenges

Matt Mckenzie 22 Oct 2018

MiningView all

Capricorn Metals

Capricorn secures $107m debt deal

Business News Business News
13 Dec 2018

Gold aspirant Capricorn Metals has locked in a $107 million debt package, while Subiaco-based TNG has appointed a German bank to lead a $US600 million ($850 million) debt raising.

Ramelius Resources

Ramelius adds cash to Explaurum offer

Business News Business News
13 Dec 2018

Ramelius Resources has revised its hostile takeover offer for gold-focused Explaurum, adding a 2 cents per share sweetener to its original deal.

CFC Group

CFC posts $18m profit in FY18

Tayler Neale Tayler Neale
12 Dec 2018

Diversified family business CFC Group has registered a big jump in profit for the 2018 financial year, aided by strong performances across its three primary operations.

MACA

Maca wins $28m contract

Business News Business News
12 Dec 2018

MACA has been awarded a $28 million contract for work at Adaman Resources’ Kirkalocka gold project near Mt Magnet.

WestStar Industrial

WestStar wins largest ever contract

Business News Business News
11 Dec 2018

WestStar Industrial has secured an $8 million contract for construction work at Tianqi Lithium’s Kwinana processing plant.

OpinionView all

Woodside Petroleum

Telling lack of local investment

Mark Pownall Mark Pownall
13 Dec 2018

Opinion: WA punches well above its weight in terms of technical and operational skills, but our manufacturers could do with a bit more hometown support.

CITIC Pacific Mining

Powerful players pressure premier

Tim Treadgold Tim Treadgold
11 Dec 2018

Opinion: Two high-profile billionaires have the state government in their sights, and Premier Mark McGowan has some tough decisions ahead.

Mark my words podcast

Mark Beyer Mark Beyer
Mark Pownall Mark Pownall
07 Dec 2018

PODCAST: Mark Pownall and Mark Beyer discuss property development challenges, weak housing market, Fast Brick Robotics (FBR), subcontractor protections, and our special report on Business Dynasties, including the Buckeridge, Perron, and Blackburne families.

Study sales history and cut your losses

Jeffrey Gitomer Jeffrey Gitomer
07 Dec 2018

Opinion: Often in sales the simple and most obvious solutions are the most effective. But if that’s true, why are those solutions so often overlooked?

City of Perth

Gearing up for a credit crunch

Tim Treadgold Tim Treadgold
06 Dec 2018

Opinion: All signs point to a tough year ahead as international trade events meet tightening credit conditions amidst falling house prices and likely changes to negative gearing.

RetailView all

Wesfarmers

Scott embraces disruption at Wesfarmers

Dan Wilkie Dan Wilkie
03 Dec 2018

Disruption, a demerger and divestments are shaping Wesfarmers’ long-term approach to growth, managing director Rob Scott told last week’s Success & Leadership breakfast.

KordaMentha

Laura Ashley enters administration again

AAP AAP
03 Dec 2018

Laura Ashley has been placed in administration for a second time, falling victim to the same forces that have claimed a raft of Australian retailers.

Wesfarmers

Bunnings UK sell-off still stings Wesfarmers CEO Scott

Dan Wilkie Dan Wilkie
27 Nov 2018

Wesfarmers chief executive Rob Scott says while decisions to sell out of Bunnings’ loss-making operations in the UK and Ireland, and to demerge supermarkets giant Coles, were easy in a commercial sense, the Bunnings move in particular proved taxing on an emotional level.

Myer

Myer completes refinancing, AGM looms

AAP AAP
26 Nov 2018

The embattled Myer board has made a fresh pitch to shareholders ahead of a likely explosive annual general meeting on Friday, declaring the completion of its refinancing was a vote of confidence.

Wesfarmers

Wesfarmers shares down without Coles

AAP AAP
21 Nov 2018

Coles shares have floated on the Australian Securities Exchange at $12.49, with Wesfarmers' price adjusting in early trade without the supermarket giant in its stable.

SkylineView all

Skyline
Property Council of Australia

Property Council cautiously backs noise reforms

Mark Beyer Mark Beyer
Tayler Neale Tayler Neale
20 Sep 2018

The Property Council of Australia has welcomed proposed laws governing apartment projects in entertainment precincts, but has expressed caution about where the policy applies and its impact on planning approvals.

BGC Australia

Hibernian Place tops UDIA awards

Matt Mckenzie Matt Mckenzie
17 Sep 2018

BGC Development’s Westin Hotel and Hibernian Place development was picked as the top project in Western Australia in this year’s Urban Development Institute Australia WA awards.

CBRE

Regus takes space at new Raine Square office

Peter Kermode Peter Kermode
14 Sep 2018

International serviced office provider Regus is close to finalising a lease for new office space at Raine Square, being developed by Charter Hall Group.

Linc Property

Access key at Linc industrial estate

Peter Kermode Peter Kermode
12 Sep 2018

Mining services, logistics warehousing and food services firms are boosting demand for industrial property.

Sirona Capital

The Village Margaret River on the market

Peter Kermode Peter Kermode
05 Sep 2018

Sirona Capital has engaged Colliers International and CBRE to offer its 5,706 square metre shopping centre in Margaret River to the market.

Bulls N' BearsView all

Bulls N' Bears
TNG

TNG appoints German bank to lead debt raising efforts

Matt Birney Matt Birney
13 Dec 2018

TNG Ltd has appointed Germany’s KfW IPEX-Bank to lead a syndicate that will raise USD$600m to underpin development of its Mount Peake vanadium-titanium-iron project in the Northern Territory. The final capital requirements will be determined and optimised during the ongoing front end engineering and design study and lender’s due diligence.

Venus Metals Corporation

Venus to update Youanmi vanadium oxide resources

Matt Birney Matt Birney
13 Dec 2018

Venus Metals has completed a detailed resource definition drilling program at its Youanmi vanadium oxide project near Sandstone in WA, in preparation for updating the mineral resource estimate for the deposit. The work will allow the company to convert a large part of the existing inferred resource into measured and indicated oxide resources, from which ore reserves can then be optimised.

Metalicity

Metalicity defines targets for new Pilbara copper play

Matt Birney Matt Birney
13 Dec 2018

Metalicity Limited says it has outlined four significant structural exploration targets for copper-gold at both of its recently secured large project regions in the Paterson province of the Pilbara region in WA. The company identified two targets each at the Mandora and Desert Queen projects that cover over 900 square kilometres, after compiling and modelling existing geophysical and geological data sets.

Volt Resources

Volt nears approval for USD$40m note issue

Matt Birney Matt Birney
13 Dec 2018

Volt Resources has received approval from the Dar es Salaam Stock Exchange for its proposed USD$40m resources-based note issue that will underpin the stage 1 development of its Bunyu graphite project in Tanzania. The company is now awaiting final approval from the Tanzanian Capital Markets and Securities Authority before proceeding with the note issue.

Kalia

Kalia about to hit its straps in Bougainville

Matt Birney Matt Birney
13 Dec 2018

Kalia Limited has been busy doing the geological ground work to systematically unlock the mineral riches on Bougainville Island from early next year. It has now completed a highly anticipated geophysical survey over the Mt Tore JV tenements and commenced data interpretation for the exploration of its porphyry copper-gold assets. The company’s engagement of local communities is bearing fruit, with a number of areas already approved for exploration.

Thought LeadershipView all

Breast Cancer Research Centre - WA

WA BREAST CANCER SPECIALIST’S DETERMINATION TO CURE INCURABLE

Carmelo Arto Carmelo Arto
04 Dec 2018

Finding a cure for metastatic breast cancer is what drives Perth medical oncologist Professor Arlene Chan, a world leader when it comes to research into advanced breast disease.

Schneider Electric

Rocking out: How Roy Hill used digitisation and automation to improve mining.

Neil Smith Neil Smith
20 Nov 2018

Mining is such an ancient, manual process, dating back to the beginning of civilisation, that thinking about technology and mining together often seems incongruous.

City of Canning

Canning – a welcoming and thriving City

City of Canning City of Canning
08 Nov 2018

OPINION shapers from the government, investment, transport and construction sectors were invited to the Business News boardroom to discuss the future development of Perth’s growing south-east corridor

Breast Cancer Research Centre - WA

Breast Cancer Researcher Honoured with Order of Australia

Carmelo Arto Carmelo Arto
01 Nov 2018

In September, Professor Arlene Chan was awarded a Member of the Order of Australia for her services to breast cancer research. The clinical trials she leads are helping to increase survival rates in breast cancer patients.

Fair Work Changes to Casuals

Toby Goor Toby Goor
01 Nov 2018

Australian Industrial Relations legislation has provided casual employees with a 25% casual loading to compensate for paid sick and annual leave, redundancy and other entitlements, but this has now been challenged by an unprecedented Federal Court decision, followed by updates to all Modern Awards.