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.
Opinion: While politicians are showering favoured industries in cash this federal election, voters should remember the recent train wreck of Carnegie Clean Energy as a reminder that subsidies for businesses can flop badly.
Car sales in Western Australia might have been down again in April but there’s a sense of optimism about the Australian luxury vehicle market at Lamborghini, as the brand positions itself for two major automotive trends.
WA BUDGET: Federal infrastructure grants and reform of the GST have helped the state government project a $1.5 billion operating surplus in the upcoming financial year, although funding for the Ellenbrook rail line is largely absent.
Gina Rinehart's Hancock Prospecting appears to have emerged victorious in its $644 million bid to acquire metallurgical coal hopeful Riversdale Resources, after Resource Capital Funds accepted the deal.
PS Structures, Ertech and WBHO Infrastructure are among contractors that have won $53 million of work from the state government in recent weeks, while PwC has been selected for two major consulting reviews.
The state government will grant $4.5 million towards StudyPerth’s plan to turnaround the decline of international student numbers, which will include an alumni database, digital marketing campaign and an international student centre in the city.
The federal Labor opposition needs to lock down the details of its emissions policy before the impact will be clear, according to Woodside chief executive Peter Coleman, but the ability to buy international offsets will be key to keeping the cost of carbon reduction low.
PODCAST: Mark Pownall and Matt Mckenzie discuss Wesfarmers' lithium bid, Perth house prices, Aldi's impact, AHG takeover, Tempo, contract awards, the election debate, and our latest Great for the State feature — Future of Energy.
Liquidators have been appointed to Mad Dogs Jungle Bar five months after the Milligan Street venue shut its doors following a dispute with the landlord, but it is anticipated the decision may be reversed.
PODCAST: Mark Beyer and Matt Mckenzie discuss two major private WA companies – Andrew Forrest’s Harvest Road Group and mining contractor Byrnecut – plus the outlook for the Perth Basin and LNG projects, female directors, China’s Huawei, and our special report on construction companies.
Debate around the selection of Huawei to roll out the communications network for Metronet is just an example close to home of how the western world is grappling with the rise of the Chinese company as a technology powerhouse.
Huawei deputy chair Ken Hu has argued that moves by western countries to stop the Chinese company participating in rollout of next generation telecommunications technology will reduce competitive tension in the sector and hold back innovation.
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.