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Mark Pownall

Mark Pownall has around three decades of media experience. Prior to becoming CEO of Business News he ran the content operations of the business and was integral to the implementation of all the company’s digital products –twice daily email newsletters, weekly podcasts, deals database and BNiQ search engine. Mark has a Commerce degree from UWA and a post-graduate qualification in English from Curtin University. 

Now you see it …

THE Gallop Government’s backflip on the premium property tax was a refreshing victory for common sense.

Taxing times

IT’S a bit of a recurrent theme (some might say nightmare), but this column again ventures into that most fruitful of subjects – tax.

Power games

WORD has it that some months ago, a high-powered team of executives from Western Power was invited to the WA Chamber of Commerce and Industry to explain their view of the world of energy.

Power plays

IT’S little wonder energy markets around the world have created headaches for governments .As markets go they are about as complicated as you can get.

Patience rewards Investors

SHAREMARKET investors who stuck with WA’s blue chips will be feeling chuffed – the top companies have proved three times as likely to beat key benchmarks as their locally-listed peers.

Wooing the world with WA wine

THE WA Wine Industry Association’s efforts to woo drinkers from outside the State has resulted in an ambitious program of development both overseas and across the Nullarbor.

House rules

THE more I look at the land tax proposal from the WA Labor party, the more I cringe at the issues that arise from it.

Tech stocks bomb to cash boxes

THIS year has been one of the toughest in memory for market investors scrambling to make headway after the tech wreck of April 2000.

Capable long-term management

WITH attention focusing on the development of a “branch office economy”, who would rate the likelihood of a Perth-based diversified industrial being a standout performer in terms of long-term TSR performance at a national level?

World class golf course mooted

LEEUWIN Estate’s scenic Margaret River setting could become the location for a high profile sports event to match the reputation it has earned in the arts through hosting its annual concert.

On the edge

EVENTS of the past week or so have highlighted our vulnerability in so many ways.While the events unfolded in New York and Washington, many of us watching felt relieved that we lived so far away from such dangers.

Wine industry united against perceived WET tax inequity

WA wine executives Geoff Cook and Denis Horgan are among high-powered industry delegates meeting in Canberra to push tax reform ahead of the forthcoming federal election.

Mopping up the One.Tel mess

AS the toll from the corporate pile-up mounts, Australia’s chief financial regulator has been prompted to farm out its work around the nation, leaving the high profile One.Tel investigation in the hands of Perth-based Stephen Howell.

Flight of fancy

THE drama surrounding Ansett Airlines is something that should have been predictible.Australia has a poor record of sustaining more than two airlines servicing the national market.Remember the fiascos of Compass I and II.

More wine from the vines

A SURGE in vineyard developments during the past three years is having a flow-on effect in liquor regulation with a growing number of applications for wine producer’s licences.

Monster rises

THE worst kept secret is out.And, surprise, surprise, a Labor Government is raising taxes.

Specialised squad for wine work

ACCOUNTING giant Deloitte Touche Tohmatsu has established a specialist team in its WA operation to focus on the wine industry.

Value stored in portfolio

A SUBIACO wine storage company has gone into the personal investment business, offering wine portfolios for those who want to expand their investment horizons.

Masters of what?

THE hype surrounding the Masters of Business Administration long ago reached its cresendo.

Standing up to the competition

AS the key ingredient to capitalism, there are good reasons why the role of competition should be vigorously debated.

TNT has plans for Kewdale site

LOGISTICS giant TNT is considering redeveloping its Kewdale site after recording strong growth in the WA market.

Enjoying the sense of independence

IT seems stockmarket analyst David Franklyn always has smile on his face.

Government business

WESTERN Power’s move into telecommunications is likely to stir up a hornet’s nest, mainly because of the issue of government involvement in business.

ALG washup provides a boost for wine export pair

WHILE the directors of Australian Liquor Group remain tied down with legal action from the Coles-Myer takeover, one of the group’s earliest proponents is setting a new course with a WA export business.

Long view

WESFARMERS chief Michael Chaney is basking in the warm glow of success.There is little he can do wrong and, if he lives up to his forecasts, there is another year of pleasant headlines and generally positive devotion.

Futuris moves to deal with grievances

FUTURIS Corp has been forced to make special arrangements for several hundred WA shareholders who missed out on a special allocation in fancied float Australian Agricultural Co.

Medical moves

THE corporatisation of medicine is developing momentum, with advertising restrictions likely to simply be the next tradition to be pared away.Whether this is a good thing or a bad thing, is matter of conjecture.

Hotels to fight for licensing changes

WA’S hotels have placed extended trading hours at the top of their wish list as they move to resist being squeezed at both ends of the market.

Job cutbacks at RMG branch

IF ever there was an example of the branch economy at work it occurred this week when listed debt collection agency RMG decided to shut down its Perth back office and run the WA operation with just a sales force.

Sharing a purposeful pursuit

ANYONE caught up in last year’s tech wreck might be excused for indulging in a bit of soul searching, but Tim Wise claims to have long been into the search for the inner self under the direction of spiritual guide Brendan Nichols.

The green push

LAST year WA’s politicians started to grasp the importance of the environment among voters.The forest debate became very public and it wasn’t just people who preferred communal living who were getting agitated by logging in the South West.

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Mark Pownall's Picks

Recent reading

For the Aussie history buffs. Like a lot of things if you think polarised society, royals behaving badly or domestic terrorism are new things ... think again. Steve Harris is an accomplished journalist and media entrepreneur, so this a little different although his home town of Melbourne features prominently.

The Contiki story. It is a racy read with plenty of business tips from a backpacker who took his business global ... and pretty much lost the lot. The business journey is outlined in extraordinary detail. A must read for anyone who has travelled on the cheap to Europe.

Great management text if you are looking for someone to make sense of all the models and theories that sometimes attain cult status. Co-author is Perth-based Paul Culmsee.

Simon Sebag Montefiore's Jerusalem, a great historic introduction to many of the Middle East's current issues. In fact, when you see what goes on there today, a lot of it is explained by this book

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.

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?

Fitness freaks need more Jacob’s ladders

I note the fuss made around the recent closure of Jacob’s Ladder, a stairway to Kings Park which, due to its popularity as an exercise venue, has earned the ire of local residents.