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 financial services company.
Two thousand investors in failed Great Southern managed investment schemes will be forced to repay their loans after the Supreme Court of Victoria upheld a settlement that will see the investors get back just $23.5 million.
Jobs are back on the agenda for employers in 2015, with Hudson Recruitment’s latest report on hiring intentions showing positive signs, while research from hiring website Indeed has found that unfilled jobs cost Australian $6.7 billion annually.
Engineering, maintenance and construction provider Tempo Australia has announced its subsidiary, Tempo Construction and Maintenance, has won a contract with Santos for provision of labour trade resources at its operations in the Cooper Basin.
The latest numbers from Western Australia’s listed gold miners show they remain under pressure from rising costs and a falling global gold price, with some local producers concerned that changes to the state’s royalty system might erode margins beyond break-even.
New vehicle sales in Western Australia continue to perform far below last year, with year-to-date sales down 7.9 per cent for the same period in 2013, according to new figures from the Federal Chamber of Automotive Industries.
Export growth has helped lift Western Australia’s economic performance above budget expectations, with gross state product up nearly 5.5 per cent in real terms over the 12 months to June 30, according to the Australian Bureau of Statistics.
Oil and gas producer Neon Energy has said the result of its recent shareholder meeting gives it a mandate to pursue a merger with Melbourne-based MEO, despite receiving renewed notice that key shareholder Evoworld Corporation will call a meeting to remove directors.
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.
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.