THE lure of generous tax deductions has taken more casualties in Western Australia, with investors fleeced of almost $100,000 in a scam disguised as a film industry investment.
Short and sweet
Rebranding is all the go these days, even for industry bodies.
It seems it's out with the acronyms and in with easy words that people can remember.
SMALL businesses are turning to Australia's largest barter exchange as a way of preserving cash flow, selling excess stock and increasing revenue through times of economic uncertainty.
AS Baosteel seeks to get the latest big decision across the line at the Foreign Investment Review Board, many share market investors may not realise what legally occurs with a transaction of this nature.
TWO national property developers with significant interests in Western Australia have announced strong year-end results despite difficult market conditions.
The state government will provide nearly $8 million of additional funds and employ a further 72 people to boost WA's Resources Safety Division as the state's mining death toll creeps up.
Herald Resources has reiterated its rejection of a takeover bid by Jakarta-based PT Bumi Resources despite another major shareholder advising it will accept the offer.
Western Australia is set to receive first funds from the Rudd government's $650 million Jobs Fund, with the bulk of the funds to go to projects in the south west of Perth.
Nexus Energy has raised $31 million from an instiutional placement with funds to be used for ongoing development of its 85 per cent owned Crux liquids project off WA and Longtom gas operation in Victoria.
Delays have prompted Stirling-based ComputerCORP to terminate its acquisition of private east coast outfit S Central while it seals the deal on another purchase.
Perth will be home to the country's fastest wireless broadband service early next year as the Seven Network commits $50 million towards the rollout of the 4G network.
Panoramic Resources' net profit has slumped 89 per cent to $5.6 million for the year to June 30, down from $53.3 million the previous year after the company's revenues receded on the back of lower nickel prices.
West Perth-based Marengo Mining has welcomed several global investment funds, including Soros Funds Management, onto its register after it raised more than $16 million through a share placement in North America.
Moly Mines has jumped the final logistical hurdle for its $9.4 million Spinifex Ridge iron ore project in the Pilbara after securing port space at the new Utah Point facility in Port Hedland.
Uranium producer Paladin Energy has posted a $US480 million loss for the year to June 30 on the back of large impairment expenses but remains positive about its current operations and growth opportunities.
The state's largest health insurer HBF is forecasting a loss of $115 million for the 2009 financial year but says it has strong financial reserves, accumulated during recent years, to weather the financial downturn.
Perth-based business publisher Aspermont has posted a solid increase in revenue and underlying earnings but one-off restructuring costs have pushed its net result to a loss of $484,000.
With poor health practices costing business more than $7 billion, Western Australian employers are being urged to consider the health of employees, with the launch of the Healthy Active Workplace policy today.
