PM flags tax cuts for battlers
Malcolm Turnbull has flagged income tax cuts for the majority of the nation’s workers as he attempts to move beyond the array of problems bedevilling his government and outline his pre-election agenda. The Fin
BBIG deal on Pilbara project
BBI Group has put another piece of the puzzle in place for its $6 billion Balla Balla port and rail project in the Pilbara by striking a joint venture deal with Brockman Mining over its Marillana iron ore deposit 100km north-west of Newman. The West
WA economy on the rebound
WA’s spluttering economy is on the rebound, with business confidence rising to levels not seen since the mining boom and a growing number of companies looking to hire workers. The West
Records and wickets to tumble at Perth Stadium
Perth Stadium will host a bumper two months of sport and entertainment after its opening early next year, with the State Government announcing yesterday that a one-day cricket international would be the first official event at the venue. The West
Aussies paying extra $313m for mobile data
Australians are paying $313 million a year in excess mobile data charges, with those on plans providing between three and five gigabytes of data the worst offenders, Deloitte’s annual Mobile Consumer Survey has found. The Fin
Magnate with a Midas touch
Draig Resources — the latest ASX-listed venture to attract Mr Kumova on to its register — yesterday released some impressive results from drilling at its Bellevue gold project in Western Australia, continuing a stellar if not unprecedented run of stockmarket wins by the former stockbroker. The Aus
$40bn yearly disaster toll tipped
The Australian Business Roundtable, a collection of corporations including Insurance Australia Group, Westpac and Munich Re, found the total economic costs of natural disasters in the country over 10 years to 2016 averaged $18.2bn annually and the figure would soar to $39bn annually by 2050. The Aus
The Australian Financial Review
Page 1: Malcolm Turnbull has flagged income tax cuts for the majority of the nation’s workers as he attempts to move beyond the array of problems bedevilling his government and outline his pre-election agenda.
Page 3: The impact of foreign buyers on housing market risk was still unknown and could even moderate the impact in the event of a housing market downturn, a Reserve Bank head of financial stability says.
Page 5: Energy Security Board chairman Kerry Schott said she wishes politicians would ‘‘stop behaving badly’’ and behave like the diplomats they can be to deliver a national agreement on energy policy.
Page 13: Outgoing Perpetual chief executive Geoff Lloyd says any tension between management and the group’s star stock pickers over remuneration has been resolved, with the asset management team focused on delivering returns and helping Perpetual fight the passive investing boom.
Page 16: Carsales chief executive Cameron McIntyre has plans to expand its adjacent businesses, such as inspections and finance, into South Korea, after it takes full control of its joint venture.
Page 20: Australians are paying $313 million a year in excess mobile data charges, with those on plans providing between three and five gigabytes of data the worst offenders, Deloitte’s annual Mobile Consumer Survey has found.
The Australian
Page 5: The federal government paid out $600 million more than anticipated for public-hospital services in 2015-16 — an unforeseen increase of more than 4000 per cent in some locations — and is withholding a similar amount from the states after a highly contentious review.
Page 17: Draig Resources — the latest ASX-listed venture to attract Mr Kumova on to its register — yesterday released some impressive results from drilling at its Bellevue gold project in Western Australia, continuing a stellar if not unprecedented run of stockmarket wins by the former stockbroker.
Page 18: Myer is strengthening the barricades against Solomon Lew’s advances by bringing in Flagstaff Partners and Clayton Utz to help defend the company.
Page 19: Shares in Baby Bunting slumped more than 15 per cent after it surprised investors with a profit downgrade driven by intense discounting in the sector from competitors and a shortage of car seats and capsules, a key product for the chain.
Page 21: The Australian Business Roundtable, a collection of corporations including Insurance Australia Group, Westpac and Munich Re, found the total economic costs of natural disasters in the country over 10 years to 2016 averaged $18.2bn annually and the figure would soar to $39bn annually by 2050.
The West Australian
Page 10: WA’s spluttering economy is on the rebound, with business confidence rising to levels not seen since the mining boom and a growing number of companies looking to hire workers.
Perth Stadium will host a bumper two months of sport and entertainment after its opening early next year, with the State Government announcing yesterday that a one-day cricket international would be the first official event at the venue.
Page 12: A revised gold royalty increase proposal is likely to be unveiled within weeks after WA Treasurer Ben Wyatt said he wanted it to be considered by Parliament before the summer recess.
Page 16: WA Police will arm 100 more Perth officers with semi-automatic assault rifles to boost the frontline response to so-called “active shooter” attacks.
Business: BBI Group has put another piece of the puzzle in place for its $6 billion Balla Balla port and rail project in the Pilbara by striking a joint venture deal with Brockman Mining over its Marillana iron ore deposit 100km north-west of Newman.
Institutional investors have got behind a controversial $97 million capital raising by MMA Offshore ahead of a vote on the vessel operator’s leadership next week.
Seven Group Holdings surged yesterday after Goldman Sachs said the Ryan Stokes-run outfit was the top engineering and construction stock in Australia and New Zealand.
NRW Holdings opted not to pursue a major contract at Adani’s contentious Queensland coal project because of commercial concerns, the contractor’s annual meeting has been told.
Australia’s mid-tier miners are back in profit for the first time in five years but being cautious with their excess cash.
ATM operator Stargroup has been thrown into receivership after at least four weeks of attempts to restructure $6.5 million-plus in debts.
