Matt Mckenzie joined Business News in June 2014 and reports on projects, energy, agribusiness, infrastructure, small business, 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. In 2018, Matt won a WA Media Award for business reporting.
Power utility Synergy has taken a $446 million impairment and reported a loss of $656.9 million in the year to June, which the state government-owned business said was driven by higher fixed costs as revenue fell.
Local hospitality entrepreneur Andy Freeman is leading a move to build a local branch of South Australian brewery Pirate Life in Perth, with a three level, 1000 person venue to open on Murray Street next year.
Consumers have saved $7.5 billion through the Economic Regulation Authority’s tight leash on major utilities, according to chair Nicky Cusworth, but work is needed to make the state's rules regime more effective.
The McGowan government has inked its biggest privatisation deal yet, with Landgate’s titles register to be operated by a consortium including industry superannuation funds and a Macquarie Group fund, in a deal worth $1.4 billion.
A commercial biogas to hydrogen operation in Perth is a step closer for Hazer Group, after the company announced it had received approval from the Australian Renewable Energy Agency board for $9.4 million of funding.