Politics & the Economy

Rio to invest $1bn in Pilbara mine

Rio Tinto has approved a $1 billion investment in its Pilbara iron ore operations, including the rollout of more autonomous trucks, on the same day the state government urged Canberra to support changes designed to fast track approvals for major resources projects.

John Holland sues WA government for $300m

Construction company John Holland said it was seeking more than $300 million in compensation from the state government, following a two-year dispute in relation to the Perth Children's Hospital contract.

Water Corp scraps private sector alliance

The state government has announced that a second major Water Corporation contract delivered by the private sector will be brought back in-house, despite contractor Suez claiming it had exceeded the government's performance targets.

More transparency for WA public sector

The state government has detailed changes it plans to make across the public sector to enhance financial accountability and transparency, following recent corruption charges laid against a former senior public servant in the Department of Communities.

CPB, Downer chosen for Metronet projects

A consortium comprising national firms CPB Contractors and Downer has been selected as the preferred contractor for the Yanchep and Thornlie-Cockburn rail projects, with construction expected to commence in May next year, well after the state government's goal of starting this year.

WA resources projects to save $23m a year

The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.

Pricing solution to solar pressure

Regulators will be considering moves to cut the amount thermal generators need to pay when the electricity market is oversupplied, as independent retailers warn they may soon need to charge customers for exporting solar energy into the grid.

WA gets $940m infrastructure boost

The widening of Mitchell Freeway near Joondalup and a train station at Lakelands are some of the new projects to be funded from a $940 million, four-year infrastructure stimulus package announced today.

Administration, restructure planned for Fashion Festival

The entity which ran the Perth Fashion Festival for 20 years, before operations were passed to the Fashion Council WA, has entered administration owing $819,000, with owners Mariella Harvey-Hanrahan and Tony Sage planning a deed of company arrangement.

Pressure on WA's dying bill

OPINION: Premier Mark McGowan, most Labor Party MPs, and many Liberals as well, are keen for the contentious voluntary assisted dying (VAD) legislation to be passed within the next fortnight, but for significantly different reasons.

'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.