Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.
Swick Mining Services has raised about $5 million from investors to fund the buyout of minority shareholders in a mineral analysis and measurement technology company in which it already owns a major stake.
Perth-based contractor Southern Cross Electrical Engineering has won $25 million in contracts for work on Rio Tinto's Amrun bauxite project in Queensland, bringing to about $150 million the value of contracts earned this month.
A joint venture between Cottesloe-based Triangle Energy Global and Royal Energy has taken full ownership of the Cliff Head offshore oil project in the Perth Basin after buying out previous stakeholder Roc Oil for $US3.75 million ($A5 million).
Perth's public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data.
An Auckland-based industrial services provider has won a contract with Woodside Petroleum to build a treatment plant in Karratha to process waste from the energy giant's oil and gas operations, for an undisclosed sum.
A new survey has shed some light on the impact that the mining downturn has had on households in Perth and Peel, with nearly half of those surveyed saying they don't expect their quality of life to improve anytime soon.
A slight improvement in economic conditions helped regional Western Australia's regional median house price improve in the previous quarter, Real Estate Institute of Western Australia president Hayden Groves says.
Downsizing in the resources sector is outstripping emerging demand from technology, medical and education businesses for CBD office space according to a new report by independent property research firm Y Research.
UPDATE: A snap inquiry into alleged breaches of environmental conditions at the Roe Highway extension project will be held next week, after a motion introduced to Parliament by Greens Senator Scott Ludlam was today backed by the Senate.
Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.