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

Corporate Finance DealsView all

Local tech firms raise $13m

Two local biotech companies have announced capital raisings today, with Botanix Pharmaceuticals tapping investors for $8 million, while Roto-Gro International has boosted its coffers with a $4.5 million raising.

Dreamscape makes $8m acquisition

ASX-listed tech company Dreamscape Networks has made its fourth acquisition in the past 16 months, purchasing a domain registration business for $8.5 million.

Vonex in $6m IPO

Local telco business Vonex started trading on the ASX today, after the company raised $6 million via an initial public offering.

Chinese group lobs $13bn offer for APA

The ownership of two major gas pipelines in Western Australia could change hands after a Chinese consortium proposed a $13 billion takeover of energy infrastructure giant APA Group, one year after the same consortium bought DUET Group, which owns the Dampier to Bunbury gas pipeline.

GCS and SRG to merge into $332m group

Perth companies Global Construction Services and SRG have announced an agreed merger that brings together their contracting, construction and engineering services into a combined group with an expected value of $332 million.

Most CommentedView all

Sydney investor buys National Lifestyle Villages

Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.

National review seeks to strengthen security of payments

A national review has recommended all state governments establish a system of statutory trusts for building projects above $1 million as part of a package of measures to tackle the impact of company failures and late payments on contractors.

Good leaders inspire their teams

Managers can encourage or discourage sales with their policies and actions, so what makes a great sales manager?

UWA moves into top 200 world ranking

The University of Western Australia has moved into the top 200 of the Centre for World University Rankings list, while Curtin University also jumped 135 spots in the latest annual results.

Activate Perth makes first move

A new association is aiming to liven up the streets of the CBD and fill its empty spaces with startups and creative enterprises via short-term and rent-free rolling leases.

Politics & the EconomyView all

Pilbara leads spike in WA job vacancies

Job vacancies in the Pilbara and Kimberley regions hit their highest level in four years in May, as demand for engineers, IT professionals and automotive trade workers in Western Australia takes off.

Ashburton, Peppermint Grove nation's highest income locales

Western Australians still have higher median incomes than those in other states despite recent softening, according to data released today, with Ashburton and Peppermint Grove the nation’s top local government areas by the measure.

WA unemployment drops to 6.4%

Western Australia’s unemployment rate fell slightly in May to 6.4 per cent despite the local economy losing nearly 2,000 jobs, according to the latest data from the Australian Bureau of Statistics.

WAIRC delivers 2.5% min wage rise

The Chamber of Commerce and Industry of WA said today it was disappointed the Western Australian Industrial Relations Commission had agreed to lift the state’s minimum wage by 2.5 per cent.

Drop in Chinese investment

Australia outperformed most other jurisdictions as a destination for Chinese direct investment in 2017 despite a fall in flows and declining confidence in the country as a safe location for capital, according to KPMG.

Upcoming Business News EventsView all

Beaumonde On The Point (upstairs ballroom and function centre), 306 Riverside Drive, East Perth - 27 June 2018

Grand Ballroom, Hyatt Regency Perth - 25 July 2018

PropertyView all

BGC hotel assets on the market

BGC Australia has kicked off its asset sale program with the listing of the recently completed Westin Perth and Aloft Perth hotels, along with an adjoining commercial office building in Rivervale, a CBD development site and a neighbouring food and beverage precinct.

Sandover Pinder to connect with clients as Carabiner

After more than two decades as Sandover Pinder, the local architecture firm has changed its name to Carabiner – a rebrand its directors say better reflects the business as the link between clients’ needs and good design.

Westpoint saga continues in courts

In the latest article in our 25-year anniversary series, we look at the 2006 collapse of Norm Carey’s Westpoint group and the continuing legal battles.

Perth house prices continue to fall

The latest data from the Australian Bureau of Statistics shows Perth’s house prices are down on the last quarter, while the ANZ is forecasting further house price falls for the state in the next two years.

Construction tenders June 15 2018

TendererProjectCloseSubmissionsADCO ConstructionsTreeby - Calleya Aspire clubhouse design and constructJun 29estperth@adcoconstruct.com.auADCO ConstructionsKwinana - bulk terminal design and const

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

Festivals claim $127m impact

The state’s two leading arts festivals have a large role to play in the cultural and creative vibrancy of Perth during the summer months, according to their impact reports released this week.

Artist uses business success to back fundraiser

Broome-based artist Helen Norton has combined an entrepreneurial and adventurous spirit with her artistic skills to forge a successful career over the past three decades.

BHP backs Zero2hero on suicide prevention

BHP Billiton has responded to a Hedland Senior High School student’s call for support by backing a youth-focused mental health and suicide prevention program based in the Pilbara.

Festival measures impact with Culture Counts

An analysis of Perth Festival undertaken by local firm Culture Counts has found near-universal support for the event's impact on, and importance for, Western Australia's cultural scene.

CEOs call for support as they prepare for sleepout

Vinnies CEO Sleepout is fast approaching and Perth's business leaders are calling for support to help them reach their goals.

EnergyView all

Power Ledger in Silicon Valley electric car deal

Perth-based blockchain business Power Ledger has signed a deal to work on an electric vehicle charging project in California’s Silicon Valley.

WA rooftop solar to triple: AEMO

Rooftop solar capacity across Perth and surrounds will nearly triple in the next decade, to be about 2.3 gigawatts, as the Australian Energy Market Operator confirmed current capacity and demand side management was sufficient to meet forecast demand on the South West Interconnected System power network.

Tudor heads east from Horizon

Frank Tudor has resigned as managing director of Horizon Power to take the reins of eastern states energy player Jemena.

Horizon Power awards Onslow solar contracts

Horizon Power has awarded contracts to CPS National and Contract Power Group for the construction of a solar farm and battery storage in Onslow.

Onslow marine base set to expand

The state government has signed off on a $16.8 million Northern Australia Infrastructure Facility loan for the stage two expansion of Onslow Marine Support Base, located at Beadon Creek and operated by Kuwait-based Agility Logistics.

"Mark My Words" PodcastsView all

15 June 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss BHP’s new iron ore mine, plus more good news on lithium and nickel, the battle over Atlas Iron and shipping rights at Port Hedland, Perth house prices – which suburbs have delivered the best long-term returns, and our special report on infrastructure.

08 June 2018

PODCAST: Mark Beyer, Matt Mckenzie, and Katie McDonald discuss the latest economic growth data, three intriguing takeover prospects (Atlas Iron, HBF, BGC), stockmarket floats, including Primero group, agricultural projects in WA's north, the continuing debate over fly-in-fly-out, and our special report on Perth apartment projects.

01 June 2018

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss FMG expansion, Quintis, Cooper & Oxley, defence contracts, Immersive Technologies, and our special report on distilleries and breweries.

25 May 2018

PODCAST: In this Business News podcast Mark Pownall and Mark Beyer discuss BGC, Wesfarmers, National Lifestyle Villages, battery plant speculation, blockchain, and our special report is information and communications technology.

18 May 2018

PODCAST: Mark Pownall and Mark Beyer discuss defence contracts, LNG developments, high density housing, master entrepreneurs, The West Australian, lithium and our special report on philanthropy.

Food & WineView all

Vic Park bar voted best in Australia

Victoria Park bar the Dutch Trading Co has been named the best beer venue in the country, as judged by a panel of 23 industry leaders coordinated by Beer and Brewer Magazine.

Gage Roads buys Matso's for $16m

Gage Roads Brewing Company has struck a deal to purchase Matso’s Broome Brewery for $16.1 million, along with a $12 million capital raising to fund the acquisition.

WA brewery tops international competition

The local beer label behind Northbridge Brewing Company and Whitfords Brewing Company has won the top prize at Australia’s most renowned beer competition, hosted in Melbourne last night.

King of Queen Street lifts veil on new Moroccan bar

With the outlook for the small bar sector becoming more positive, hospitality entrepreneur Andy Freeman has embarked on a $2 million Moroccan-themed venue in Perth’s east end.

Tiny’s brings big energy to QV1

A new bar at Perth’s QV1 is aiming to make a big splash in Perth’s west end.

Special ReportsView all

Infrastructure contractors

Infrastructure contractors

18 June 2018

Transport, energy projects create opportunities

Labour challenge looms as work ebbs and flows
State still sorting contracts
From Bibra Lake to the Big Apple
Contractors switch on for next generation of power
Breweries & Distilleries

Breweries & Distilleries

05 June 2018

New products and venues as sector matures

Locals develop a taste for distilling gin
Provenance and innovation key as local brewers get crafty
Stallwood on track to Nail craft brews
ICT – small business 2018

ICT – small business 2018

28 May 2018

ICT convergence changes market
Data #3 expands into CBD
Giving Well 2018

Giving Well 2018

21 May 2018

Philanthropists, charities changing focus

Structure, strategy fuel funding
Events still deliver the goods
Giving with intent when done on Purposed

MiningView all

Atlas recommends $390m Rinehart takeover

Atlas Iron's board has backed a takeover bid by billionaire Gina Rinehart after rival bidder Mineral Resources pulled out of contention.

Capricorn drops capital cost to $132m

Capricorn Metals has flagged a reduction in the capital cost of its planned Karlawinda gold project near Newman to $132 million following an optimisation study.

Gold miners post strong output forecasts

Gold producer Northern Star Resources has hit its gold production rate target for 2018, while Doray Minerals has announced an increased production guidance for the 2019 financial year.

MinRes pulls out of Atlas takeover

Chris Ellison-led Mineral Resources has decided against making a counter offer to Gina Rinehart’s $390 million takeover bid for junior miner Atlas Iron.

Atlas asks MinRes to beat Rinehart's offer

Atlas Iron has given ASX-listed rival Mineral Resources three days to respond to the $390 million takeover bid by Gina Rinehart's Hancock Prospecting.

OpinionView all

Mark my words podcast

PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss BHP’s new iron ore mine, plus more good news on lithium and nickel, the battle over Atlas Iron and shipping rights at Port Hedland, Perth house prices – which suburbs have delivered the best long-term returns, and our special report on infrastructure.

Ticking the boxes on eligibility

Opinion: A big weekend of by-elections could have been avoided if tighter candidate guidelines were in place.

Hohnen a reluctant ‘entrepreneur’

David Hohnen has been at the top of his game for two decades, and is one of many quality local businesspeople named in the Queen’s Birthday honours this month.

Nickel could steal lithium’s thunder

Growing demand for nickel in steelmaking and battery production is positive news for WA, and the Kalgoorlie region in particular.

Mark my words podcast

PODCAST: Mark Beyer, Matt Mckenzie, and Katie McDonald discuss the latest economic growth data, three intriguing takeover prospects (Atlas Iron, HBF, BGC), stockmarket floats, including Primero group, agricultural projects in WA's north, the continuing debate over fly-in-fly-out, and our special report on Perth apartment projects.

RetailView all

Kambo's into administration

Customers of local whitegoods and home appliance retailers Kambo’s and Liebe + Haus have been told they will need to wait several days before finding out if their credit purchases are still valid after the two jointly-owned businesses were placed into administration on Friday.

Wesfarmers pledges focus on returns

Wesfarmers bosses have vowed to focus on delivering returns to shareholders after the company's disastrous foray into the UK hardware market.

Metcash to take $352m hit

Metcash will take a $352 million hit in its full-year results due to weakness in the Western Australian economy and the decision of one of its South Australian supermarket customers not to renew its contract.

Westfield shareholders approve takeover

Westfield Corporation shareholders have voted in favour of a $33 billion takeover by Paris property giant Unibail-Rodamco, marking the end of an era for the Lowy family.

Wesfarmers leadership changes

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

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John Poynton

John Poynton

Director, Linc Property
Non-Executive Chairman, Giving West
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Non-Executive Chairman, Warrington Property
Non-Executive Chairman, Jindalee Partners
Non-Executive Director, Crown Perth
Non-Executive Chairman, Strike Energy
Board of Guardians, Future Fund

Mark Norwell

Mark Norwell

Executive General Manager, Strategy &
Growth (since 2018), Thiess
Incoming MD &
CEO (from Sept 17, 2018), Ausdrill

Wayne Bramwell

Wayne Bramwell

Non-Executive Director, Ardea Resources
Chief Executive, Artemis Resources

Sonia Tait

Sonia Tait

Regional Manager, Mid West, Shooting Stars

Bert Mondello

Bert Mondello

Executive Director, Chief Executive Officer, ZipTel
Non-Executive Director, WestStar Industrial
Non-Executive Chairman, Servtech Global Holdings
Head of Corporate, Regency Corporate
Non-Executive Chair, Emerge Gaming

Thought LeadershipView all

Breaking into the global marketplace

With the rise of globalisation comes the increasing demand for businesses to expand into international markets in order to stay competitive. This can create significant opportunities for organisations of all sizes, however it can also pose a great risk if approached in the wrong way.

Helping people with no choices

Imagine what you would do if you found yourself homeless, if you lost your job and couldn’t pay your bills, if you couldn’t provide a meal for yourself or your family, if you didn’t have a safe and se

How the GDPR affects you, even if you think it doesn’t

You’ve probably heard about the GDPR, but have you taken action in time for the 25 May enforcement date? Here’s my quickstart guide to compliance for Australian businesses.

If you don’t test your DR strategy how can your organisation be IT Resilient?

I.T. has come a long way since the days of merely providing a computer, mouse, and keyboard to its employees. Technology is now fundamental to the operation of any business.

Help – It’s performance review time!

My fellow graduates and I feel unsure about how well we will fit into a new workplace, and how other employees and management will treat us.