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Mark Pownall

Mark is head of content at Business News. He manages the editorial and research team and writes in-depth news and views about Western Australia’s business scene. Mark has more than 25 years' experience in newspapers and online media in Perth and London. He has a bachelor of commerce degree from UWA and a graduate diploma in English from Curtin University. For those who want to listen to Mark, try out the BN weekly podcast or tune into ABC720's Drive program with Jane Marwick for a half-hour business show after the 4pm news on most Mondays.

Passing Comment

After a challenging 2016 very few are suggesting this year is going to be any easier. Nevertheless, we all have to keep on at it. We have our usual array of events to help you do business, kicking off our 2017 program with a property forum featuring some of the state's top real estate experts in a panel session. Also early this year is 40under40, another blockbuster if the entry numbers are anything to go by - we had close to 100. Go to our events page for more inormation or to by tickets.

Seeds of discontent ripen and bloom

OPINION: Voters are deserting the established political order in droves. Many are fatiqued by the constant change, and believe they are bearing the brunt of it.

Mark my words podcast

In this Business News podcast, Mark Pownall and Dan Wilkie discuss election promises, South Perth, mining raisings, Richard Goyder and mining services.

Former Perth ASIC chief joins BDO

A growing market for government consulting, and the rising impact of regulation on business, have prompted mid-tier accounting firm BDO to recruit a former local chief of Australia's corporate watchdog, Jane Gouvernet.

Ship launches LNG as a Pilbara logistics option

Woodside Petroleum has officially launched its latest marine craft, taking the opportunity to showcase the newly built platform supply vessel Siem Thiima in Fremantle due to its capacity to use LNG as a fuel.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss Civic Heart, Richard Goyder, top IGA, local property market and WA private companies.

Mining tech boss backs Greens

Perth mining industry software entrepreneur Norman Pater has put his money where his mouth is, with his private company, Pater Investments, supporting the Greens WA to the tune of $99,500.

Infrastructure inertia has long-term cost

OPINION: Political considerations and the lack of a bipartisan approach to infrastructure development will hamper WA in the years ahead. 

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss the Builton collapse, election promises, Richard Court and Rob Bransby, and WA's professions.

Passionate choice as Bransby leaves HBF

Given the passion Rob Bransby feels for healthcare, it is hard to believe he is willingly stepping down from his CEO role at HBF.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss startups and software, Aldi, election campaign and transport infrastructure.

Time ticks for Haigh & Hastings

Prestige Perth-founded wristwatch brand Haigh & Hastings is on the market, with company administrator Bob Jacobs moving quickly to sell the business as a going concern.

Driving the tourist dollar down south

OPINION: The state government's renewed warmth towards tourism is a welcome, if belated, response to the end of the resources boom - but there are some kinks they should iron out.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss the Builton collapse, CBD vacancy rates, Balla Balla iron ore and land developers.

Coming off second best when national costs are ‘shared’

Rising gas prices on the east coast have highlighted yet another anomaly in the GST structure that costs WA.

Builton failure a costly housing hit

The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.

Builton fails, administrator appointed

One of state's biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company's financial troubles emerged last week.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss World Trade Centre, UWA, uranium mining, conventions and conferences.

Poynton sets up new digs in CBD

The lure of increasingly affordable commercial rents in the CBD has drawn boutique investment advisory firm Jindalee Partners from Subiaco.

Monitoring an environment of influence

OPINION: The environmental lobby is no less worthy of scrutiny in terms of foreign influence than big business.

Mark my words podcast

In this Business News podcast, Mark Pownall and Mark Beyer discuss South West water, building subcontractors, WA Business awards and the deals environment.

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss Roe 8, house prices, Libor scandal, Atlas Iron and WA's education market.

Creative minds design for lifestyle

A host of Western Australian businesses has designed or invented lifestyle products that could have been a perfect Christmas gift. If not, most of them will accept investors.

Creative minds design for lifestyle

A host of Western Australian businesses has designed or invented lifestyle products that could be a perfect Christmas gift. If not, most of them will accept investors.

Pushing the needle, one stitch at a time

As we lurch towards the final days of 2016 it is worth considering what awaits us on the other side of New Year's Eve.

Street wear locals take global approach to fashion

Perth's specialist street wear vendors are part of a global trend to acutely restrict supply of distributed and in-house labels - following in the footsteps of many luxury brands that use scarcity as a marketing tool.

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss Asian property investment, Diploma group's battles, Liberal party moves, John Gillam and who are WA's biggest employers?

ATO releases major private company data for second year

The financial affairs of numerous previously low-key unlisted or foreign-owned companies headquartered in Western Australia have been released by the Australian Taxation Office for the second year running.

Big nature comes calling up north

Man's interference in the marine environment presents challenges for our species, and those that live in it.

Perth bike maker focuses on carbon fibre frames

Hand crafted and high tech are terms that rarely go together, yet a small Perth company is reinventing bicycle manufacturing with both those concepts at its heart.

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss Western Power sale, house prices, innovative homes and WA's business dynasties. 

Mark my words podcast

In this Business News podcast, Mark Beyer and Mark Pownall discuss South Perth apartments, Centurion and MacAleese, defence, wealth creators in WA.

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Mark Pownall's Picks

Recent reading

Its been a while since I updated this. Most recent reading was Simon Sebag Montefiore's Jerusalem, a great historic introduction to many of the Middle East's current issues.

Another fascinating read was Peter Rees' book Bearing Witness about Australia's great WW1 war correspondent Charles Bean. I note there's a competing biography by Ross Coulthart which I haven't read yet.

Also worth reading was one I dragged out of my father's library. William L Shirer was a foreign correspondent based in Berlin in 1930s and, due to America's late entry into WW2, was there during the early part of that conflict. His book The Rise and Fall of the Third Reich is half way between and academic work and the modern histories we are used to which are more entertaining. His book is awesome in its documentation and given a human element by the number of eye witness accounts he provides.

I really enjoyed The Bully Pulpit by Doris Kearns Goodwin which was not only about the US presidency at the start of the 20th century, but the unique role investigative journalism played in reform. It reviews the incredible reporting backed by gutsy publishers who serialised stories on concerning issues with both economic and social implications. These journalists also had unprecedented access to the presidency, especially the progressive Franklin Roosevelt. As the circulation-boosting power of this style of journalism rose, however, some went too far, making up stories and spitefully attacking political leaders - leading to the expression muckrakers. The tabloids of today have historical precedent!

Sir Bob's visit

Some of the VIPs who really did have lunch with Sir Bob.

Recent reading

Just got through this great book by Bob de la Motte, well known in Perth finance circles. Its about his life, growing up in South Africa and competing in the 90km Comrades Marathon.

Another book worth mentioning is Njinga by a good friend of mine Kate Leeming - she's also just released a film on her trans-African cycling trip and is preparing to turn it into a TV documenary series. Her next project is Antarctica.

Find it here: www.kateleeming.com

Executive remuneration

Worth checking out our CEO/executive/director remuneration list here. There are thousands of WA names on it ... 59 pages of salaries if you are up for it.

Bitcoin

Meanwhile, I am awaiting a copy of this (not a Christmas hint - review copy coming I am told) which I expect will help decipher much about the mysterious world of bitcoin. This has been co-authored by a friend of mine and former colleague Michael Casey who has been writing regular columns on bitcoin for the past year or more. I have passed on a few tidbits to him about activity in Australia, but I have no idea if that was useful.

My all-time favourite business and political books are here on my Facebook page.

Quote of the week

Quote this week from an AFR article on the views of psychiatry professor Jon Jureidini who refutes claims that almost 50% of people will experience a mental health disorder.

This minority view highlights the tension between the importance of destigmatising mental illness and the increasing medicalisation of normality,

reports Jill Margo in an article entitled: Mental health numbers overstated, say psychiatrists.

Recent quotes:

Every single analysis of the taxi industry has pointed to the fundamental insanity of government creating a restriction in a market and then allowing the value of that restriction to become private value, and then that private value forcing up prices within that industry. The taxi industry is regulated, and the whole concept of value in plates is a result of government restrictions. There would be no plate value at all if we did not have government regulation. If we think about it, and put on our economic rationalist hats, the idea that the government would create a restriction and that that restriction would lead people to have an asset that accumulates in value, driving up the price of providing a service, which has been the basis of the regulation, is just a complete nonsense.

Alannah MacTiernan (2005)

Most-read

Visionary medico wins 40under40

This year's First Amongst Equals winner is a passionate medical specialist but he's also a visionary entrepreneur who has a lot in common with successful business leaders.

Vale Geoff Rasmussen

Western Australian corporate leader Geoff Rasmussen passed away on Friday night after a long battle with cancer.

Builton fails, administrator appointed

One of state's biggest residential construction firms, Builton Group, has succumbed to the financial stresses engulfing the sector, appointing an external administrator earlier today after reports of the company's financial troubles emerged last week.

Builton failure a costly housing hit

The collapse of yet another Western Australian residential builder appears set to further upset the delicate state of the sector, with financiers, insurers, 350 trade creditors and as many as 130 home owners facing losses.

most commented

Shark cull outcry overreaction

The current shark cull is a politically challenging issue, but one where Colin Barnett is right to dig in because he has time and momentum on his side.

Daylight savers may have to wait awhile

Daylight saving may be the victim of Western Australia's election - further bemusing those who watch us from a distance.

Time to stop slaughter in our backyard

While the public spotlight on the offshore ill treatment of animals bred for slaughter is commendable, why does the RSPCA shirk such action when it comes to our own backyards, literally?

Grand designs in Lake Argyle city vision - with video

A big population centre at Lake Argyle has been proposed by a Fremantle consultancy as the winning entry to an international competition. The objective was to balance the nation's development with a northern capital.