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.
More Western Australians were employed in February than ever before, according to the latest data from the Australian Bureau of Statistics, but that was not enough to stop a 0.2 per cent rise in the state’s unemployment rate to 5.8 per cent.
Australian employees of oil and gas service provider Wood Group PSN can expect a salary freeze while contractors will experience rate reductions, a move the company said was in response to cost and efficiency challenges affecting the sector.
The annual cost to small business owners of complying with the GST is upwards of $13 billion, according to a recent survey, adding to calls for the federal government to address business taxation in its tax review white paper this year.
Listed companies from Western Australia are on the outer in the most recent quarterly reshuffle of the S&P Dow Jones ASX Indices, with high-profile absentees including Iluka Resources, Mineral Resources and Monadelphous Group.
The state’s agricultural industry will require almost $600 billion of investment by 2050 to improve productivity and rationalise production in a bid to access Asian markets, according to a new report released by KPMG for the state Department of Agriculture and Food.
Ten Western Australian Construction, Forestry, Mining and Energy Union officials are among 72 nationally before the courts for alleged workplace law breaches, according to the Fair Work Building Commission.
The world’s two top ranked one-day cricket teams, Australia and India, are set to head to Perth’s WACA Ground for World Cup games against minnows Afghanistan and the United Arab Emirates in the coming week.
Treasurer Mike Nahan has reiterated the state government’s commitment to return to surplus by 2016-17, but has pledged not to do it by hitting families or businesses, at today’s Business News Success and Leadership breakfast.
Western Australian businesses borrowed more last year than at any time since the GFC, with commercial finance up 14.9 per cent to $44.8 billion on the previous year’s figure, according to recent data from the Australian Bureau of Statistics.
Shares in Nomad Building Solutions were up 26 per cent today, after the company announced it would acquire privately-owned Bloomer Constructions Qld for up to $10.4 million, which offset news of an expected loss in its McGrath Homes business.
The state government has stuck to its position that maintenance of leased railway infrastructure is the responsibility of the private sector, in its response to the 2014 parliamentary committee report into the management of the state’s freight rail network.
Shares in Western Australian aquaculture player Atlas Pearls and Perfumes fell dramatically today as the company announced a restructure, including the resignation of executive chairman Stephen Birkbeck.
Western Australia has shifted its focus to early childhood education in what might be the start of a national trend, with the federal government dumping its paid parental leave scheme in favour of childcare policy reform.
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.