Politics & the Economy

'Evidence' public service boss stole $25m

UPDATED: There is evidence senior WA public servant Paul Whyte stole up to $25 million or 10 times more than he is currently charged with, a court has heard.

Govt agency susceptible to fraud: Auditor General

Western Australia’s Auditor General has warned the Department of Local Government Sport and Cultural Industries could be susceptible to financial fraud.

Trade war to tech war

Globalisation may have peaked, a big investment bank has declared, while predicting the 2020s could see the world split into two technology branches headed by China and the United States.

McGowan sets sail with WA-first plan

A new investment office and tighter rules around local content on major projects are some of the latest moves in Mark McGowan’s economic strategy.

Johnston bullish on batteries

There’s no bad news in Western Australia’s battery industry, Energy Minister Bill Johnston says, shrugging off the deferral of major projects in recent months.

McGowan launches Invest and Trade WA

Western Australia needs to be more aggressive in attracting foreign investment, Premier Mark McGowan told a Business News breakfast this morning, where he announced a recently established state economic office that is already facilitating dozens of projects.

Cormann bullish on wages

Wages growth is picking up and performing better than many commentators expect, according to Finance Minister Mathias Cormann, while the government will likely revise its surplus projection lower for the financial year.

The blue economy entrepreneurs

Entrepreneurs across Australia are dipping a toe in new waters as the term ‘blue economy’ surges into the business world.

Feds switch lanes on energy

A $1 billion fund to subsidise grid reliability and an expert panel to review Australia’s emissions abatement program are signs the federal government might be rethinking its approach to climate policy.

Labor resets, mines for votes

Labor has walked away from its planned major redistribution of income, and sought to clarify confusion over coal mining that cost it at the last federal poll.

Industry applauds payroll tax changes

Today's decision by the state government to increase the payroll tax exemption threshold has been welcomed by industry bodies.

Labor backs mining industry

Federal Labor leader Anthony Albanese has used a speech in Perth to defend the importance of the mining industry, saying the market should be allowed to determine which projects, including in the coal sector, are able to proceed.

Major policy shift targets international students

The McGowan has reversed one of its first policy initiatives, announcing over the weekend that Perth will once again be classified as a ‘region’, making it easier for international students to gain work after their studies.

Easy money comes at a cost

OPINION: As welcome as they are for borrowers, the current era of ultra-low interest rates is creating the climate for a financial crisis.

Tinley primes WA for slice of Indonesia trade deal

Asian Engagement Minister Peter Tinley has talked up Western Australia’s business opportunities with Indonesia, as federal parliament is set to ratify a significant trade deal with the South-East Asian country.

Business brokers target the upside

A successful year for GMO Business Sales masked what was an otherwise quiet year for brokers across the state.

Ports, utilities add $1.2bn to coffers

Almost $1.2 billion in dividends flowed to the state government from 11 of its businesses in the year to June 2019, according to their recently published annual reports.

McGowan pressures BHP, Chevron

Premier Mark McGowan has firmly urged BHP and Chevron to reach agreements with Woodside Petroleum so the giant Browse and Scarborough gas projects can proceed.

Bishop calls for moderation on global trade

Former deputy prime minister Julie Bishop has urged Australia to act as a voice of moderation on international trade, criticising the US for exacerbating threats to the rules-based world order.

Citic resolution a key for China

Continued Chinese investment into Western Australia could hinge on a fair outcome in the long-running dispute between CITIC Pacific and Clive Palmer's Mineralogy, according to Consul General Zhihua Dong.

WA unemployment edges lower

Western Australia’s seasonally adjusted unemployment rate fell 0.1 percentage points in September to 5.7 per cent, marking the fourth month in a row the rate has remained below 6 per cent.