Woodside sees holes in gas pipeline plan
Woodside chief executive Peter Coleman has shot down suggestions a cross-country pipeline could help provide a reliable, low cost solution to east coast energy woes. The Fin
China spurs FMG market switch
Fortescue Metals Group has started shipping iron ore as far afield as Germany as it attempts to tackle the widening price discount eating into its margins. The Aus
Public’s chance for free stadium visit
Doors to the $1.45 billion stadium will be thrown open to the public on January 21 — 2399 days after the former Barnett government announced Burswood peninsula as the home for WA’s new entertainment mecca. The West
BHP boss pushes TPP as trade influence on China
BHP chief executive Andrew Mackenzie has urged Prime Minister Malcolm Turnbull to pursue the Trans-Pacific Partnership, without US involvement, in a bid to entrench a rules-based trading system that could help manage the growing power of China. The Fin
GST fix could backfire on WA
Doubts have been cast over proposals that supporters believe will deliver WA billions of dollars in extra GST, with new analysis suggesting it could actually hurt the State while boosting the bottom line of NSW or Victoria. The West
The mining boom is back as profits double
The mining boom is back after a dark few years, helping profits for Australia’s top 50 companies almost double this year, according to analysis by accounting firm KPMG. The Fin
PBS price reforms $840m short
A much-lauded savings measure for the Pharmaceutical Benefits Scheme came up $840 million short last year when the returns to government and taxpayers were 26 per cent lower than forecast. The Aus
The Australian Financial Review
Page 1: A leak of tax haven records exposes ties between Russia and Donald Trump’s billionaire Secretary of Commerce, and that Kremlin firms backed investments in US social media giants.
Page 2: The mining boom is back after a dark few years, helping profits for Australia’s top 50 companies almost double this year, according to analysis by accounting firm KPMG.
Page 4: Labor has demanded Malcolm Turnbull refer two Liberal MPs with Greek heritage to the High Court if he does not agree to a system of disclosure for all parliamentarians.
Woodside chief executive Peter Coleman has shot down suggestions a cross-country pipeline could help provide a reliable, low cost solution to east coast energy woes.
Page 6: Four union-backed superannuation funds have made payments of more than $12 million to the CFMEU over the past decade, calling into question how members’ money is being spent.
Page 8: BHP chief executive Andrew Mackenzie has urged Prime Minister Malcolm Turnbull to pursue the Trans-Pacific Partnership, without US involvement, in a bid to entrench a rules-based trading system that could help manage the growing power of China.
Page 13: An influential proxy adviser has warned Myer shareholders against falling into Solomon Lew’s ‘‘trap’’ by enabling him to exert control over the retailer without making a takeover bid.
Page 15: Hearing implant maker Cochlear has successfully bid for half the Chinese government’s final tender of the year, but still finished 2017 trailing its three main rivals on the mainland after missing out on an earlier government bid to supply the devices.
Page 16: Australia has asked its biggest defence exporter to build two Pacific patrol boats for Timor-Leste as the two countries prepare to formalise a deal clearing the way for development of the Greater Sunrise oil and gas field.
Page 18: Virgin Australia chair Elizabeth Bryan has defended the airline’s financial performance as it rebuilds its balance sheet following a bitter capacity war with rival Qantas, saying it is important for Australia to have two full-service domestic carriers.
The Australian
Page 1: Australia is at risk of a 2 per cent hit to economic activity, a loss of more than a quarter of a million jobs and a fall in real wages should the rest of the world continue to shift towards greater trade protectionism, according to a key economic modelling report commissioned by the federal government.
Page 2: A much-lauded savings measure for the Pharmaceutical Benefits Scheme came up $840 million short last year when the returns to government and taxpayers were 26 per cent lower than forecast.
Page 19: Apple is on the brink of becoming America’s first $US900 billion ($1175bn) company after cheering investors with a bullish sales forecast for the new iPhone X.
New Zealand rugby union great Dan Carter has emerged with a cornerstone shareholding in Laundromap, an on-demand dry cleaning pick-up and delivery service that is aiming to “uber-ise” the $2 billion dry cleaning and laundromat industry.
Private equity giant Blackstone is looking to bolster its sales tally before year’s end by offloading a large format retail centre on Sydney’s north shore in a deal worth about $150 million.
Page 21: Fortescue Metals Group has started shipping iron ore as far afield as Germany as it attempts to tackle the widening price discount eating into its margins.
The West Australian
Page 3: Doors to the $1.45 billion stadium will be thrown open to the public on January 21 — 2399 days after the former Barnett government announced Burswood peninsula as the home for WA’s new entertainment mecca.
Page 4: A gas pipeline from the North West to the Eastern States has won the backing of Fortescue Metals Group chief executive Nev Power, who says the country should “get on with it” and build the multibillion-dollar project.
Page 9: Doubts have been cast over proposals that supporters believe will deliver WA billions of dollars in extra GST, with new analysis suggesting it could actually hurt the State while boosting the bottom line of NSW or Victoria.
Page 14: Bunbury-based company Serana, which specialises in growing cell and tissue cultures for use in medicines, claims it was targeted by the Federal Department of Agriculture after a complaint from a US-owned competitor.
Business: WA agribusiness Mareterram plans to tap investors to pay for an expansion into mackerel fishing.
If WA is to play a part in the “nation building” energy debate, and $5 billion is up for grabs, then instead of diverting exportable gas to the east coast, the Federal Government should consider using this State’s renewable-energy potential.
