Politics & the Economy

Banks beware a currency revolution

Australia’s big four banks could be reduced to one within a decade, in an extreme scenario, as Western countries follow moves in China towards the mass adoption of social media-based payment systems, according to a New York University professor visiting Perth.

Pay deal approved by public workers

A new wages deal for public sector workers that offers an extra holiday and superannuation payments during unpaid leave had been approved by workers, two months after Business News revealed the public sector union had claimed the deal broke the state government’s pay policy.

Activists arrested in parliament showdown

Eight protesters were arrested at state parliament today as members of the Extinction Rebellion group took their climate change activism to the next level, with a sitting in the legislative assembly brought to a standstill.

Latest labour data highlights WA volatility

Western Australia has recorded the largest decrease in jobs for July, just a month after it was the only state or territory in Australia to experience an increase in employment.

Taskforce backs $4bn Kwinana port

The state government’s Westport taskforce has concluded that all container shipping should be moved out of Fremantle to a new land-backed port in Cockburn Sound, to be built at a cost of about $4 billion.

Key McGowan adviser in fight over CCC inquiry

The head of the Department of the Premier and Cabinet has been accused of an “extremely serious intentional breach of parliamentary privilege” by a parliamentary committee chaired by Labor's Kate Doust for his actions during a Corruption and Crime Commission investigation.

Infrastructure audit warns on urban sprawl

Infrastructure Australia has dramatically scaled down the expected cost of road congestion in Perth, mainly because of lower population growth, but has warned about the impact of continued urban sprawl.

Visa rules disadvantage WA business

Business leaders from sectors as diverse as education and manufacturing say temporary migration visa policies are holding WA back.

McGowan lobbying on submarine maintenance

Labour and capacity constraints in South Australia could lead to cost blowouts and delays in the building of new naval vessels, Premier Mark McGowan said today, as he lobbied federal counterparts to move more maintenance work for existing submarines out west.

Green impact facing major projects

SPECIAL REPORT: Business News spoke to green advocates to explore how the petroleum industry might find common cause with the environmental movement, as pressure builds on billions of dollars of projects.

Mark Barnaba podcast interview

PODCAST: Mark Beyer and Mark Pownall talk to business leader and company director Mark Barnaba about the economic outlook, the role of central banks and our relationship with China.

Burgess wins increased PTA contract

Burgess Rawson has renewed its contract with the Public Transport Authority of WA for property management services of its 500 leases, worth around $4.8 million.

Cockatoos, wetlands on rail route

Nearly 30 hectares of Black Cockatoo foraging habitat and three priority wetlands will be impacted by the Thornlie-Cockburn link rail project, according to environmental documents.

Auditor sheds light on ramping

A new report has challenged views on the effects of ambulance ramping on patient outcomes.

Trade surplus, WA exports smash ceiling

Western Australia’s exports surpassed $161 billion in the year to June, as Australia recorded its largest ever trade surplus in the month.

MacTiernan reveals cancer diagnosis

State Agriculture, Regional Development and Ports Minister Alannah MacTiernan has revealed she has been diagnosed with breast cancer.

Signs of WA retail revival

A rebound in the local retail sector may be on the horizon, after Western Australia recorded the second largest rise in retail spending among states and territories, according the latest Australian Bureau of Statistics data.

Minderoo closer to Indiana choice

Andrew Forrest’s Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.

ANU taps Bishop for chancellor

Former foreign minister Julie Bishop will become the first female chancellor of the Australian National University.

Variety, outcome equity key for foreign direct investment

A Committee for Perth report has confirmed the importance of foreign trade and investment in WA, but flagged concerns about wealth distribution.

Treasury bosses extend reach into utilities

Deputy under-treasurer Michael Court has joined the board of Horizon Power, the latest in a string of moves to appoint government employees to directorships at energy utilities.