Matt Mckenzie joined Business News in June 2014 and reports on projects, energy, agribusiness, small business, employment relations, manufacturing 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, where he introduced the first private catering outlets on campus, and has worked at a leading financial services company.
Gina Rinehart’s Hancock Prospecting Group more than doubled profit to $1.1 billion in the year to June, the highest level since 2011, with the company paying or providing for $767 million in dividends to the family.
Edith Cowan University is hoping to bolster its presence in defence industry research, with the appointment of former air vice-marshal Andrew Dowse as director of defence research and engagement today.
Mining magnate Andrew Forrest has made an emotional plea for gambling revenue to be factored into the GST distribution system, while Western Australians have been warned the state’s share of the revenue could potentially fall to zero if the economy were to return to boom times.
SPECIAL REPORT: The state government has rejected criticism of the cost and projected savings of its flagship medihotel healthcare policy, after work began on the construction of the first facility earlier this month.
In this Business News podcast Mark Pownall, Matt Mckenzie and Tori Wilson discuss house prices, Tianqi, the sale of Henderson-based Silver Yacht, the latest in the Perth lord mayor saga, recent women in business awards, and health care.
Prime Minister Malcolm Turnbull said his government would have the numbers to vote down a no-confidence motion in the House of Representatives, as the seat of New England heads to a by-election after a High Court ruling that Barnaby Joyce had been ineligible for election.
Chinese company Tianqi Lithium has approved the second stage of its processing plant in Kwinana, a $300 million investment to double production capacity to 48,000 tonnes of lithium hydroxide per annum.
Exports through Port Hedland could reach 700 million tonnes per annum within a decade, contributing an extra $4.8 billion to Australia’s GDP, according to a report by ACIL Allen, as debate continues about the impact of iron ore dust on the nearby township.
Western Australian retailers have a positive view of business conditions in the year ahead, according to a recent survey by the Commonwealth Bank of Australia, with one third expecting an improved market in the 2018 financial year.
Cost reductions, east coast expansion, and cutting the number of products on offer are all part of HBF chief executive John Van Der Wielen’s strategy to help the not for profit deliver results for members in a tough private health insurance market.
Sydney-based energy provider Origin Energy will launch in the Western Australian retail gas market today, 10 months after Business News revealed the company would be the fourth business to supply domestic gas in the state.
SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state’s exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.
Investors appear to have shaken off a drop in gold and iron ore prices at the end of September to back Western Australian businesses, with the Business News BN30 index of local shares closing the September quarter near record highs.
Western Australia’s exports are continuing to grow, with $122.5 billion shipped overseas in the past 12 months, up 22 per cent from the same period to August 2016, but retail sales data shows that it is too early to call a recovery.
The state’s largest iron ore mine Roy Hill hit its nameplate capacity for the first time last month, according to Roy Hill Holdings chief executive Barry Fitzgerald, while the exact cost of the project so far has been revealed.
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.