Matt Mckenzie joined Business News in June 2014 and reports on resources, infrastructure, agribusiness, small business and economics. He completed bachelor of arts and bachelor of economics degrees at the University of Western Australia, majoring in political science and international relations, economics, and money and banking. He was formerly president of the UWA Student Guild and has worked at a leading financial services company.
Tokyo-based Inpex’s Ichthys LNG project will provide a $34 billion boost to incomes in Western Australia across the period to 2050, and generate about $73 billion of tax revenue, according to an economic impact report by Acil Allen Consulting released today.
Schools, aged care facilities, shopping centres and bars are among the eclectic mix of establishments installing solar panels, amid predictions commercial rooftop installations could grow by nearly a gigawatt in Perth and surrounds by 2037.
RCR Tomlinson has lost the latest round in a long-running legal action against a former executive who was dismissed in 2009, and will pay nearly $300,000 in retirement benefits after the company's appeal failed.
Olive oil, chocolate, avocados, marron and cider are among a number of Western Australian products that are ideal for local industry to target as premium markets, according to a report commissioned by the Department of Agriculture and food released Thursday night.
Sydney-based AGL made its long-awaited entry to the Perth gas market this week, with price cuts and a range of customer incentives underpinning the company’s offering as the sector’s newest player in the domestic gas sector.
Grain handling cooperative CBH Group’s partially owned subsidiary, Interflour, has officially opened a new malt production facility in Vietnam, which it said would give Western Australian farmers better access to the Asian nation’s beer market.
Local universities risk losing much of the income derived from international students if they don’t rethink their curriculums and entry requirements, according to the chief of a prominent Asia-Australia business advocacy group.
An upgrade to a meat processing plant at Katanning, a chicken feed mill in Muchea, a new piggery at Moora and a live lobster holding facility in Welshpool are the latest in a string of investments that will boost the agribusiness sector in Western Australia.
The red tape facing some businesses is having consequences beyond merely increasing compliance costs, according to chair of the federal government’s Black Economy Taskforce Michael Andrews, and is a contributing factor in tax evasion far more significant than any similar activity undertaken by multinationals.
A battle for control of the Earl Grey lithium deposit near Southern Cross between junior miners Kidman Resources and Marindi Metals will get under way in the Supreme Court today, with the trial expected to conclude within three to five days.
A Queensland business that uses sensors to detect unexploded bombs in former conflict zones in South-East Asia and Europe is now using its technology to help iron ore miners find pieces of equipment that have broken off in stockpiles.
More than 13,000 Western Australians found jobs in April in seasonally adjusted terms, according to the latest data from the Australian Bureau of Statistics, as unemployment in the state dropped 0.6 percentage points to 5.9 per cent.
Western Australian farmers are among the most optimistic in the nation, according to the annual Commonwealth Bank of Australia Agi Insights report to be released today, with 39 per cent likely to be investing in their businesses in the year ahead.
Belgium and Luxembourg have been among the biggest contributors to growing overseas investment in Australia, as the level of foreign-owned assets in Australia doubled in the past 10 years to hit nearly $3.2 trillion at the end of calendar 2016.
The Association of Mining and Exploration Companies has strongly criticised a federal government decision to abolish the exploration development incentive tax concession, which it warns will have severe consequences in a climate where exploration is already soft.
Altona Mining has received Foreign Investment Review Board approval for a subsidiary of Chinese company Sichuan Railway Investment Group to invest more than $US200 million to set up its Cloncurry copper project in Queensland.
GDP has bounced back from a poor showing in the September quarter with December quarter seasonally adjusted growth of 1.1 per cent, while Western Australia snapped a five quarter streak of shrinking state demand to grow 0.4 per cent.
The University of Western Australia Student Guild has dismissed a staff member over financial irregularities after bringing in forensic accountants from BDO to undertake a special analysis of its 2013 accounts.
Uber drivers using the service as a supplementary income should declare it to their primary employer, according to Minter Ellison partner Kathy Reid, after a driver who had worked during sick leave lost an unfair dismissal claim.
The Roe 8 road project will be cancelled if the Labor Party wins the upcoming state election, opposition leader Mark McGowan said today, even though the government has already signed a contract for construction, with $236 million of funding to be re-allocated to three alternative roads.
Transport Minister Dean Nalder has highlighted the social benefits of Roe 8 and touted the minimal environmental impact of the project at a lunch today, adding that the link would need to be built regardless of any move to an outer harbour.