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

Corporate Finance DealsView all

MMJ Phytotech

MMJ to list Canadian subsidiaries

Fraser Beattie Fraser Beattie
28 Sep 2016

MMJ Phytotech has announced plans to spin-out its medical cannabis-focused Canadian subsidiaries onto the TSX Venture Exchange through the reverse takeover of a resources company.

Metaliko Resources

Metaliko and Echo in tie-up

Matt Mckenzie Matt Mckenzie
28 Sep 2016

Echo Resources and Metaliko Resources are expected to announce a tie-up this week, after the two ASX-listed companies with assets in the eastern Goldfields region announced trading halts today.

VEEM

VEEM prospectus reveals slip in profit

Mark Beyer Mark Beyer
27 Sep 2016

Engineering business VEEM is forecasting strong growth in revenue in the current financial year but a fall in profit, the family owned company has disclosed in the prospectus for its $25 million initial public offering.

Crusader Resources

Crusader in $10m raising for gold projects

Fraser Beattie Fraser Beattie
27 Sep 2016

Perth-based Crusader Resources has announced a $10 million capital raising to fund ongoing work at its Juruena gold project in Brazil.

Resolute Mining

Resolute raises $150m for Ravenswood

Fraser Beattie Fraser Beattie
27 Sep 2016

Gold miner Resolute Mining has tapped investors for $150 million to fund the restart of operations at its Ravenswood mine in Queensland.

Most CommentedView all

BHP Billiton

BHP renews attack on Nationals

Mark Beyer Mark Beyer
22 Sep 2016

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

Property Council of Australia

Perth CBD needs a new plan

Lino Iacomella Lino Iacomella
05 Sep 2016

The state government has spent $3.5 billion over the past decade in the CBD and the Swan River foreshore, generating an expected $8.2 billion worth of spending by the private sector, but making all the pieces work together remains a significant challenge.

Builders fined for fraud, unfinished work

Dan Wilkie Dan Wilkie
31 Aug 2016

Two Perth-based builders have been denied registration and another has been fined, in a busy week for Western Australia's Building Commission.

Mineral Resources

MinRes, Pilbara Minerals dispute escalates

Fraser Beattie Fraser Beattie
21 Sep 2016

Mineral Resources and Pilbara Minerals continue to lock horns over an offtake agreement for lithium mined at the Pilgangoora project, with the companies exchanging words over the ASX today.

Death by numbers, do we need a census?

Mark Pownall Mark Pownall
12 Sep 2016

Perhaps it is time to reconsider why we need to survey the nation every five years. 

Politics & the EconomyView all

Australian Hotels Association

Backpacker tax reduced, travel fees to rise

Fraser Beattie Fraser Beattie
27 Sep 2016

Western Australia's hospitality and agricultural industries have welcomed the federal government's decision to amend its planned backpacker tax, but the tourism body says it will cost the state jobs nevertheless.

Australia set for years of low rates: economist

AAP AAP
27 Sep 2016

Australia's interest rates are likely to stay low for years, perhaps even decades, a top global economist warns.

PwC

Porter opens conversation on data-driven welfare

Matt Mckenzie Matt Mckenzie
27 Sep 2016

Two reports last week took quite different approaches to welfare reform, but both were a move away from the approach undertaken in the 2014 budget.

Chamber of Commerce and Industry of WA

State's debt, deficit better than anticipated

Matt Mckenzie Matt Mckenzie
22 Sep 2016

The state's budget position for the 2016 financial year has come in nearly $700 million better than was initially forecast when it was released in May last year, but still in the red to the tune of $2 billion, with revenue $915 million down on the previous year.

Department of Transport

Marmion takes transport in reshuffle

Fraser Beattie Fraser Beattie
22 Sep 2016

Bill Marmion will pick up the transport portfolio in a minor cabinet reshuffle that also includes the introduction of two new ministers; Paul Miles and Mark Lewis.

Upcoming Business News EventsView all

Success and Leadership - Nev Power - FMG Ltd

Hyatt Regency Perth - 07 December 2016
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PropertyView all

Large number of Perth homes sold at a loss

Fraser Beattie Fraser Beattie
28 Sep 2016

About one in five homes resold in Perth are done so at a loss, new data has revealed, with the city's western suburbs among the hardest hit.

Starhill Global REIT

Uniqlo on its way to Perth CBD

Dan Wilkie Dan Wilkie
27 Sep 2016

Japanese fashion retailer Uniqlo will open its first Western Australian store in Perth's Murray Street Mall, with a flagship two-level shop anchoring a $6 million redevelopment of Plaza Arcade.

AMP Capital

Landlords look at upgrades to lure new tenants

Dan Wilkie Dan Wilkie
23 Sep 2016

CBD landlords are continuing to invest in their assets to ensure they remain relevant in an increasingly competitive office market.

Urbis

Slow sales squeeze small developers

Dan Wilkie Dan Wilkie
23 Sep 2016

There are glimmers of hope emerging for beleaguered apartment developers, despite slugglish sales across Perth.

Momentum Wealth

Selective focus, apartments projects drive Momentum

Dan Wilkie Dan Wilkie
22 Sep 2016

Buyers' agency and developer Momentum Wealth has braved Perth's patchy apartments market with a new syndicate, raising $6.5 million from investors for a 40-dwelling project in Highgate.

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.
29 Sep 2016 | @ 07:30am
Rise and Shine with Carmen Lawrence
29 Sep 2016 | @ 08:30am
Masterclass - Getting Started with Social Media
29 Sep 2016 | @ 12:00pm
WA Mining Club Luncheon with Ricus Grimbeek – South 32
29 Sep 2016 | @ 01:00pm
South West Focus Conference "Investing in a Region of Excellence"
29 Sep 2016 | @ 05:30pm
AmCham NEXT: Network for Future Leaders Networking Evening
30 Sep 2016 | @ 11:45am
AICC(WA) Future Now Lunch featuring Uri Levine, Founder of 'WAZE'
04 Oct 2016 | @ 07:15am
Tech Savvy Cebarians MeetUp
04 Oct 2016 | @ 09:00am
How To Design A Strategic Plan That Boosts Performance
04 Oct 2016 | @ 05:30pm
BHP and DCC present: How to Identify Your Transferable Skills and Elevate Your
04 Oct 2016 to 07 Oct 2016
 | @ 05:30pm
2016 National Economic Development Conference (Full Conference)

Arts & CommunityView all

Ear Science Institute Australia

Top Lion hears positive message on Perth foundation

Katie McDonald Katie McDonald
28 Sep 2016

Perth has hosted the head of Lions International for the first time in four decades, with US-based Bob Corlew in town this month to see first-hand the impact of the Lions Foundation of Western Aust

University of Western Australia

Giving voice to topical issues

Katie McDonald Katie McDonald
23 Sep 2016

In the age of social media, led by a generation of digital communicators, it may seem remarkable a tradition dating back millennia has not only survived, but is thriving.

Telstra

Nerves, dreams, desires...

Attila Csaszar Attila Csaszar
16 Sep 2016

PHOTO ESSAY: A month before the Telstra Perth Fashion Festival, more than 150 models fronted an industry panel in the hope of being selected to walk the runway in one of the fashion parades during the six-day event. 

Fashion Council WA

Designers hatch plans for local, overseas growth

Matt Mckenzie Matt Mckenzie
12 Sep 2016

SPECIAL REPORT: Slower growth in discretionary spending is a challenge for some local fashion hopefuls, but export markets and tech-style accelerator programs are presenting opportunities.

Chevron

Staff health a strategic move

Katie McDonald Katie McDonald
09 Sep 2016

Western Australia workplaces are taking a big-picture view of employee wellbeing, implementing programs to target mental, social, financial and physical health.

Featured PhotographsView all

More than 150 models participated on a fashion casting in the hope of being selected to walk the runway of Telstra Perth Fashion Festival.
More than 150 models participated on a fashion casting in the hope of being selected to walk the runway of Telstra Perth Fashion Festival.
More than 150 models participated on a fashion casting in the hope of being selected to walk the runway of Telstra Perth Fashion Festival.
Fremantle Markets
Fremantle Markets (1985) photo State Library of WA
Cicerello's (1984) photo State Library of WA
Tamzin Walker is doing a masters of engineering degree at Edith Cowan University
Face recognition
Gemma and Glendora is getting instructions
Roy Mellon - Proactiv Payroll

EnergyView all

Carnegie Wave Energy

Carnegie in Garden Island microgrid grant

Matt Mckenzie Matt Mckenzie
28 Sep 2016

Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.

AGL

AGL announces buy-back, earnings lift

AAP AAP
28 Sep 2016

AGL Energy has forecast a lift in underlying profit for the current financial year while also announcing a near $600 million share buy-back and a higher dividend payout as it benefits from strong electricity margins.

Citation Resources

Citation enters voluntary administration

Fraser Beattie Fraser Beattie
21 Sep 2016

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

Department of Mines and Petroleum

L'Estrange moves forward on fracking

Matt Mckenzie Matt Mckenzie
15 Sep 2016

The state government has acted on a key recommendation from a parliamentary inquiry into fracking delivered late last year, appointing a working group to review laws around land access.

Australian Vanadium

Vanadium battery a WA first

Mark Pownall Mark Pownall
14 Sep 2016

Listed minerals group Australian Vanadium has installed its battery system in Western Australia via a subsidiary acting as a reseller of technology linked to its parent, in this case an alternative

"Mark My Words" PodcastsView all

23 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

22 September 2016

PODCAST: Business News chief executive Charlie Gunningham discusses the local tech startup scene with the director and co-founder of local venture capital firm Yuuwa Capital Matt Macfarlane and the founder of the Spacecubed and Flux coworking spaces Brodie McCulloch.
16 September 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss newspapers merger, law firms growth, tourism down south and what’s happening in the gold sector.

09 September 2016

In this Business News podcast Mark Pownall and Dan Wilkie discuss property planning, builders fraud, Fastbrick Robotics and fashion.

05 September 2016

Every Monday Mark Pownall joins Jane Marwick in the 720 Perth Drive studio for an in depth look at two local businesses.

Food & WineView all

Gage Roads Brewing Company

Little Dove win a gauge of local craft brewers’ art

Dan Wilkie Dan Wilkie
23 Sep 2016

SPECIAL REPORT: Western Australian breweries' continued success is building on a rich brewing pedigree.

Feral Brewing Company

Carrying the can for craft beer

Dan Wilkie Dan Wilkie
23 Sep 2016

SPECIAL REPORT: There's a definite case of old school meets new school going on in the boutique brewing set, with aluminium cans increasingly the container of choice among the craft beer crowd.

Gage Roads Brewing Company

Brewers, bars team up to grow craft consumption

Dan Wilkie Dan Wilkie
23 Sep 2016

SPECIAL REPORT: WA brewers are finding that it's better for the industry if they work together.

Pastacup

Watchdog takes Pastacup franchisor to court

Fraser Beattie Fraser Beattie
22 Sep 2016

The competition regulator has initiated Federal Court proceedings against Perth-based franchise chain Pastacup and its co-founder Stuart Bernstein for alleged breaches of the Franchising Code of Conduct.

Mangrove Hotel

WA venues top national awards

Edited announcement
20 Sep 2016

Two Western Australian businesses and a WA venue manager have won major titles at the Australian Hotels Association national awards for excellence, announced at the Royal Pines Resort on the Gold Coast last night. 

Special ReportsView all

Something brewing

Something brewing

23 September 2016

Western Australian brewers work together to build on rich beer pedigree

Brewers, bars team up to grow craft consumption

Brewers, bars team up to grow craft consumption

Dan Wilkie
23 Sep 2016
Carrying the can for craft beer

Carrying the can for craft beer

Dan Wilkie
23 Sep 2016
Little Dove win a gauge of local craft brewers’ art

Little Dove win a gauge of local craft brewers’ art

Dan Wilkie
23 Sep 2016
Gold miners 2016

Gold miners 2016

19 September 2016

Currency and cost factors favour gold stocks

Currency and cost factors favour gold stocks

Matt Mckenzie
20 Sep 2016
Welborn resolute on innovation

Welborn resolute on innovation

Matt Mckenzie
19 Sep 2016
Digging in for exploration spend

Digging in for exploration spend

Matt Mckenzie
19 Sep 2016
On the runway

On the runway

12 September 2016

US market draws WA designers as local dynamics shift

Designers hatch plans for local, overseas growth

Designers hatch plans for local, overseas growth

Matt Mckenzie
12 Sep 2016
Well at Work 2016

Well at Work 2016

08 September 2016

Business News' annual health check on WA workplaces

Identifying workplace safety risks

Identifying workplace safety risks

Mark Beyer
08 Sep 2016
Caught short on workplace wellness

Caught short on workplace wellness

Katie McDonald
08 Sep 2016
Staff health a strategic move

Staff health a strategic move

Katie McDonald
09 Sep 2016
Buyers' choice

Buyers' choice

29 August 2016

Retail emerges as the standout performer in property.

The future, coming to a mall near you

The future, coming to a mall near you

Dan Wilkie
29 Aug 2016
Neighbourhood centres the place to be

Neighbourhood centres the place to be

Dan Wilkie
29 Aug 2016

MiningView all

Mount Gibson Iron

Iron ore survivors plan reset

Tim Treadgold Tim Treadgold
28 Sep 2016

A couple of smaller miners that rode out the slide in iron ore prices could be the early movers in a more widespread revival in the sector.

Barminco

Gold sector keeps Barminco profits up

Fraser Beattie Fraser Beattie
28 Sep 2016

Perth-based private mining contractor Barminco has posted a 30.7 per cent rise in operating profit for the 2016 financial year, with the company optimistic about prospects in the gold sector for the year ahead.

Curtin University

Probes draw curtain on ‘locked’ gold

Katie McDonald Katie McDonald
27 Sep 2016

A team of researchers in WA are leading an emerging geoscience field that could influence the future of gold recovery.

Pilbara Minerals

Lithium projects to deliver $1bn boost

Mark Beyer Mark Beyer
27 Sep 2016

Lithium projects in Western Australia are set to inject almost $1 billion of new investment into the state's economy as the past year's surge in commodity prices and stock valuations turn into tangible commercial benefits.

Fortescue Metals Group

Lilleyman joins FMG as Pearce resigns

Fraser Beattie Fraser Beattie
23 Sep 2016

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

OpinionView all

Lotterywest

Gaming the system might be the best bet

Mark Pownall Mark Pownall
27 Sep 2016

Disruption is affecting the GST allocation model, so when will that change?

Mark my words podcast

Mark Pownall Mark Pownall
Mark Beyer Mark Beyer
23 Sep 2016

In this Business News podcast Mark Pownall and Mark Beyer discuss state politics, lithium developments, financial failures and our special report brewing.

Liberals facing election traps

Peter Kennedy Peter Kennedy
23 Sep 2016

Uncertainty about the direction of the government and its leadership is likely to persist despite the premier's win last week.

This week's property round-up

REIWA REIWA
22 Sep 2016

Reiwa members reported an increase in weekly sales to 554 this week.

Pin Payments

Fintech changing the game for banks

Marcus Holmes Marcus Holmes
21 Sep 2016

Fintech is disruption in action, and how we think about finance and undertake transactions will never be the same.

RetailView all

JB Hi-Fi up on Good Guys buy

AAP AAP
16 Sep 2016

JB Hi-Fi shares have soared after returning to trade for the first time since the electronics retailer announced an $870 million takeover of The Good Guys.

Myer

Myer is a stronger business, CEO says

AAP AAP
15 Sep 2016

Department store chain Myer has shown signs its turnaround plan is working after it more than doubled its full-year profit to $60.5 million.

Wesfarmers

Wesfarmers fighting on two fronts with Homebase in far-flung Britain

Tim Treadgold Tim Treadgold
07 Sep 2016

ANALYSIS: No-one knows how long it might take for Wesfarmers' foreign foray to bear fruit, and at what cost.

JB Hi-Fi downplays takeover speculation

AAP AAP
06 Sep 2016

JB Hi-Fi has responded to renewed media speculation by saying that it is continuing acquisition discussions with whitegoods retailer The Good Guys but nothing has been finalised.

Woolworths

Woolies cuts ties with Masters board

AAP AAP
05 Sep 2016

Woolworths has pressed on with cutting ties with Masters by replacing its directors on the failed hardware chain's board with staff from insolvency firm KordaMentha.

Most viewed people

Peter Landau

Peter Landau

Former Interim Executive Director, Continental Coal
Former Executive Director, Black Mountain Resources
Former Executive Chairman, AusRoc Metals
Former Non-Executive Director, Range Resources
Former Non-Executive Director, Continental Coal
Former Director, Cape Lambert Resources
Former Non-Executive Director, Blaze International
Former non-executive director, Poseidon Nickel
Former Director &
Company Secretary, Indus Energy
Former Non-Executive Chairman, Paynes Find Gold
Former Non-Executive Director, Eclipse Metals
Former Executive Director &
Joint Company Secretary, NKWE Platinum
Former Chairman, Citation Resources

Greg Lilleyman

Greg Lilleyman

Director Operations, Fortescue Metals Group

Karl Paganin

Karl Paganin

Deputy Chairperson, Autism West
Non-Executive Director, Southern Cross Electrical Engineering
Non-Executive Director, OTOC

Thought LeadershipView all

What is the digital bait to hook a top applicant?

Alex Hu Alex Hu
08 Sep 2016

It's common knowledge that often the best applicants are currently employed, however recent studies suggest that nine out of ten Australians are keen to know about a job opportunity regardless of h

Are your wages on the nose? You can cut wages to spite your face

Melanie Bridge Melanie Bridge
11 Aug 2016

In this current economic climate, many small businesses find themselves faced with the prospect of cutting wages costs.  Gone are the 'boom' years when the main concern was finding the

Practical Engineering - Getting the hands dirty again and training for the future.

Cameron Henry Cameron Henry
28 Jul 2016

With the future of manufacturing, construction, innovation and development in Australia over the next 20 years of vital importance to the resource sector, it's time to reset and rethink how we plan

Learning and Development on a Budget

Melanie Bridge Melanie Bridge
11 Jul 2016

Your budget for the next year is set and one of the casualties is learning and development; meanwhile your employees are asking what training is available in the coming year.  Bel

How can remuneration benchmarking impact your bottom line?

Alex Hu Alex Hu
14 Jun 2016

The changing Australian economy has resulted in a greater focus on operating costs for many businesses.  Employees are often an organisation's greatest resource, and typically they also represent t