17/04/2018 - 06:18

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17/04/2018 - 06:18

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Slide in WA resources jobs

Approval for the second stage of the Gorgon project has come just in time, with the number of resources jobs advertised in WA falling 2 per cent in March. The West

Cost blowout warning for patrol boat contract

The Turnbull government faces further scrutiny over its plans to acquire a new fleet of patrol boats for the navy, with a crossbench senator warning costs may have blown out before construction starts. The Fin

Hinch hatches a company tax plan

Crossbench senator Derryn Hinch has urged the government to consider limiting company tax cuts to companies with a turnover of up to $500 million if it wants to pass the package through the upper house. The Aus

NBN gripes surge as chief talks up benefits

The outgoing chief executive of the beleaguered National Broadband Network will today mount a defence of the multibillion-dollar project, as new figures reveal formal complaints from consumers have more than doubled. The West

Migrants deliver windfall for economy

Sustaining the current rate of migration will contribute up to 1 percentage point of annual economic growth and deliver billions more in tax revenue than migrants cost in services, an analysis of immigration policy by Treasury and the Home Affairs Department has revealed. The Fin

Brookfield takeover speculation for Infigen

Infigen has held what it calls “exploratory and preliminary” talks with asset management giant Brookfield after the Canadian firm took a 9 per cent stake in the wind farm operator. The West

AMP admits to misleading ASIC 10 times

Financial services powerhouse AMP has admitted to misleading the corporate regulator at least 10 times over a seven-year-long rort, under which it charged tens of thousands of customers fees for services they did not receive. The Aus

Stirling councillors in push to freeze rates

Perth’s biggest council could freeze rates for its more than 200,000 residents in its coming budget, with a push by councillors to be debated tonight. The West

 

 

The Australian Financial Review

Page 3: Sustaining the current rate of migration will contribute up to 1 percentage point of annual economic growth and deliver billions more in tax revenue than migrants cost in services, an analysis of immigration policy by Treasury and the Home Affairs Department has revealed.

Incoming Chief of the Defence Force Angus Campbell says Australia has a ‘‘constructive’’ relationship with China amid growing concerns about Beijing’s military build-up and regional ambitions.

Page 5: Labor senators are demanding highly sensitive financial information from 10 CEOs backing corporate tax cuts as part of a strategy to kill the Turnbull government’s top economic policy.

Page 7: Female entrepreneurs are among the biggest winners of the National Broadband Network rollout, according to new research that shows the network is on track to stoke economic growth by more than $10 billion a year and create work for an extra 52,200 women.

Page 8: The Turnbull government faces further scrutiny over its plans to acquire a new fleet of patrol boats for the navy, with a crossbench senator warning costs may have blown out before construction starts.

Page 9: More than half the Australian companies operating in China say they are not treated equally to their domestic competitors, and doing business in the world’s second-largest economy is getting harder, according to a new survey.

Page 11: One of Australia’s hottest technology start-ups, Unlockd, has been forced to pull plans for an imminent ASX IPO after tech giant Google moved to ban its app and cut off one of its main revenue streams.

Brent oil prices are in little danger of dipping below $US70 a barrel for the rest of the year and could leap higher given the rapid fading of the stock overhang that has been plaguing the market, which will leave it exposed to resurgent geopolitical risks, according to RBC Capital Markets global energy strategist Michael Tran.

Page 13: Woodside Petroleum’s last annual meeting under outgoing chairman Michael Chaney looks set to be marked by a resurgence of dissatisfaction over pay, after the Australian Shareholders’ Association resolved to vote against the remuneration report and two major proxy advisors also raised issues.

Hours after Fairfax Media reported that Wesfarmers was eyeing the dual-listed Fletcher, Sydney-based fund manager Ellerston Capital revealed it had built up a 5.13 per cent stake over the past five months on behalf of third parties.

Page 20: One of Uber’s main ride-sharing rivals Taxify claims it has enjoyed a flying start in the hundred days since it launched in Australia, and already has a fifth of the number of drivers Uber has locally, with Melbourne described as its most successful city launch.

 

 

The Australian

Page 1: Financial services powerhouse AMP has admitted to misleading the corporate regulator at least 10 times over a seven-year-long rort, under which it charged tens of thousands of customers fees for services they did not receive.

Page 2: Greens leader Richard Di Natale is calling for the legalisation of cannabis for recreational use as well as the creation of a regulated market for its production, distribution and sale as he warns that Australia’s approach to drugs has been an “unmitigated disaster”.

Crossbench senator Derryn Hinch has urged the government to consider limiting company tax cuts to companies with a turnover of up to $500 million if it wants to pass the package through the upper house.

Page 6: China is rapidly outspending Australia in providing aid and “gifts” to Papua New Guinea to ready Port Moresby to host the APEC forum as Australia implores Britain to give more to the South Pacific.

Page 7: Victoria and Queensland could end up carrying the lion’s share of emissions reductions, for no additional benefit, under a proposed federal government National Energy Guarantee, as both states stand by their commitment to pursue their own renewable energy targets.

Page 19: Optus has decided to pull the plug on its subsidiary Virgin Mobile as it looks to get out of an arrangement that costs the telco hundreds of thousands of dollars every year in licensing fees.

The federal government has shifted its estimated $150 million ad-buying account to UM Sydney, from rival Dentsu x, The Australian has learnt.

Page 20: Rare-earths producer Lynas is confident it can weather the lead up to next month’s Malaysian elections and avoid the sort of attacks that plagued it in the last election cycle.

Page 23: Australia’s large pool of tiny miners continue to pivot towards technology in a bid to cash in on the latest trends, with base metals miner Arrowhead Resources looking to make money from the e-sports phenomenon.

 

 

The West Australian

Page 3: The outgoing chief executive of the beleaguered National Broadband Network will today mount a defence of the multibillion-dollar project, as new figures reveal formal complaints from consumers have more than doubled.

Page 9: A national technical outage halted trading at Woolworths stores yesterday, causing chaos for shoppers as their trolleys banked up and some stores temporarily closed.

Page 14: Health Minister Roger Cook has lashed out at another “Canberra rip-off”, saying West Australians are missing out on $1 billion in Federal health funding.

Perth’s biggest council could freeze rates for its more than 200,000 residents in its coming budget, with a push by councillors to be debated tonight.

Page 16: The number of sheep squeezed on to export ships bound for the Middle East during the northern summer will be a key issue in a government-backed review.

A Federal Court judge yesterday vowed to fast-track an application to have Bux Global Limited wound up, action launched late last year by a disgruntled investor.

Page 19: Approval for the second stage of the Gorgon project has come just in time, with the number of resources jobs advertised in WA falling 2 per cent in March.

Business: Infigen has held what it calls “exploratory and preliminary” talks with asset management giant Brookfield after the Canadian firm took a 9 per cent stake in the wind farm operator.

Austal has not given up on taking part in the $2 billion construction of offshore patrol vessels for the Royal Australian Navy despite rival Civmec securing a major stake in the project.

Tungsten Mining and Galena Mining have joined the rush of hopefuls rattling the tin, seeking up to $30 million between them to advance development bids for their flagship WA projects.

High overheads left Aussie Farmers Direct unable to stem the mounting losses which accompanied an alarming collapse in its sales, according to administrators who are now selling the salvageable parts of the grocery delivery service.

Failed waste technology developer AnaeCo will be taken over by a firm specialising in listed shell companies and reverse takeovers under a deal approved by backer Monadelphous

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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