Politics & the Economy

Perth eyed for new jobs, rail deal

Malcolm Turnbull has written to the Western Australian government seeking its interest in a 'city deal' for Perth.

WA upper house gets first female president

Long-serving Labor MP Kate Doust has become Western Australia's first female president of the Legislative Council, while Sue Ellery will lead the government in the upper house.

South West water assets to remain with Water Corp

Water Corporation will no longer hand over Dunsborough water and Busselton drainage assets to Busselton Water after the state government deemed the proposal too costly and without benefit.

Willmott rules out bid for Cottesloe

Chamber of Commerce and Industry of WA chief executive Deidre Willmott will not be a contender for Liberal Party endorsement for the Legislative Assembly seat of Cottesloe when the incumbent, former premier Colin Barnett, quits politics.

Perth transport costs among nation's highest

Perth's public transport users are slugged more per year than commuters in any other Australian capital except for Sydney, but Perth is the cheapest city to insure two family cars, according to new data.

CEO lunch with Deidre Willmott

CCI chief executive Deidre Willmott joined Business News at Julio's to discuss her career in law, politics and business.

Survey puts post-boom Perth in gloomy filter

A new survey has shed some light on the impact that the mining downturn has had on households in Perth and Peel, with nearly half of those surveyed saying they don't expect their quality of life to improve anytime soon.

Large drop in WA unemployment

More than 13,000 Western Australians found jobs in April in seasonally adjusted terms, according to the latest data from the Australian Bureau of Statistics, as unemployment in the state dropped 0.6 percentage points to 5.9 per cent.

McGowan calls on resources companies to do more

Premier Mark McGowan says he would like the resources companies that make large profits out of the state's resources to do more when it comes to paying tax and fulfilling other corporate responsibilities, such as providing local jobs and content.

Legislation to allow AG to audit local councils

The state government has introduced priority legislation that would give the auditor general new powers to audit local government councils, in order to raise the standard of accountability in the sector.

KPMG buys CCIWA's migration services arm

Professional services organisation KPMG hopes to better assist companies affected by changes to foreign worker laws after acquiring the Chamber of Commerce and Industry of WA's migration services division for an undisclosed sum.

WA gets small slice of $89bn shipbuilding plan

Defence Issues Minister Paul Papalia says Western Australia has been dudded in the federal government's $89 billion naval shipbuilding plan, of which WA will receive just over $3 billion of work, while the prime minister has lauded it as "unashamedly nationalistic".

Labor backs call for bank levy inquiry

Federal Labor is having a bet each way on the government's new billion-dollar bank levy, backing its introduction but supporting a banker's call for a public inquiry.

Scaffidi awaits penalty for breaches

Embattled Perth Lord Mayor Lisa Scaffidi will have to wait until at least June to learn her penalty for seriously breaching local government laws. 

McGowan probes Barnett government spending

Perth businessman John Langoulant has been appointed to lead the state government's commission of inquiry into the Barnett government's spending on 26 projects over the past eight years.

Australian shares start lower

The Australian share market has slipped in early trade, as a soft lead from Wall Street trading on Friday and mixed results for commodities weighed on investor sentiment.

Market closes down 41.4pts

The Australian share market has closed around 0.7 per cent lower as the stoush between the Turnbull government and the big banks over a proposed $6.2 billion levy on big financial institutions weighed on investors' minds.

Belgium, Luxembourg grow Aussie interests

Belgium and Luxembourg have been among the biggest contributors to growing overseas investment in Australia, as the level of foreign-owned assets in Australia doubled in the past 10 years to hit nearly $3.2 trillion at the end of calendar 2016.

Moody's queries budget deficit projection

Ratings agency Moody's says Australia's triple-A credit rating remains intact but has expressed doubt about the federal government's timetable for reducing the budget deficit.

Private WA women's prison put "on notice"

 Corrective Services Minister Fran Logan says he has put private prison operator Sodexo on notice over repeated contract breaches, and claims the Melaleuca women's jail is so poorly run that lawyers visiting inmates feel unsafe there.