Innovation is seen as the driver of Western Australia’s long-term growth and prosperity, but questions remain about the best way to achieve outcomes to benefit all players, private and public, in an increasingly competitive environment.
Shares in Perth-based wireless telecommunications company Wavenet International Ltd have risen on news that it has received more orders for its vehicular modem device from US-based GeoLogic Solutions worth $3 million.
Changes to accounting standards at Australian companies are being manifested in increased earnings volatility, with several local stocks expecting to post half-year results at odds with earlier forecasts.
Seven Network chairman Kerry Stokes has paid a hefty premium over the market price for shares owned by Perth businessman Neven Botica in National Hire Group because of a 'shortfall indemnity agreement' signed in 2004.
The state’s recently passed Mining Amendment Bill may aim to provide greater incentive for mineral exploration, but concerns remain that the current production boom is blinding decision makers to the decline in exploration spending.
Cooperative Bulk Handling’s investment in South-East Asian joint venture Interflour is shaping as a healthy move for the group, as the flour miller prepares to post a considerable turnaround in profit early next year.
Rio Tinto has received royalty concessions and the removal of secondary processing obligations from the State Government, clearing the way for a $1.3 billion expansion of the Argyle diamond mine in the Kimberley.
Listed property trust Aspen Group Ltd is set to go to the market for fresh funding following confirmation of its $93.5 million purchase of the Dunsborough Lakes residential development from Ric Stowe's Griffin Group.
Changes to safety regulations in the offshore oil and gas construction sector are likely to cause considerable delays to projects, impose levies on the industry and prompt contract renegotiations, according to industry insiders.