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.
New woodchip player Southern Pacific Fibre has struck a marketing and sales deal with Australia’s largest producer and exporter of high-quality hardwood chips, Australian Bluegum Plantations, despite a weak woodchip market.
Australian businesses expect subdued trade activity over the next six months as concerns around the global outlook increase, according to HSBC’s latest Trade Confidence Index, but long-term demand from growing Asia will provide opportunities.
The size of state and territory subsidies to the mining and resources sector has been dramatically overstated, according to a report released today prepared by Michael Schur of global firm Castalia Strategic Advisors.
With up to $17 trillion of resources investment likely to be needed by 2030, Western Australia has an opportunity to capitalise on its strengths as a resources sector hub, according to a report from the International Mining for Development Centre.
The Water Corporation has announced a net dividend of $245 million to the state government, in a year when the corporation completed work on the state’s first joint public private partnership water facility.
The federal government has had to accept some significant amendments to its bill to repeal the mining tax, including a review into the creation of an ‘Australia Fund’ and changes to superannuation increases legislated by the previous government.
Osborne Park-based BCJ Plastics has survived four decades of change in the local manufacturing industry, but sales and research manager Tim Hartung said it was a move into boutique production that helped the company flourish.
Sharp timing on commodities stocks has helped drive a strong result for investment manager Katana Capital, with a 187 per cent increase in revenue to $8.3 million, from $2.8 million the previous financial year.
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.