14/05/2018 - 06:13

Morning Headlines

14/05/2018 - 06:13

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Labor gains on ‘fair’ budget: poll

Morning Headlines

Labor gains on ‘fair’ budget: poll

The monthly Fairfax/Ipsos poll shows that following last week’s budget, the Labor-induced citizenship fiasco, and Bill Shorten’s pledge to outgun the government on tax cuts, Labor leads the Coalition on a two party-preferred basis by 54 per cent to 46 per cent. The Fin

Looming fall in NW Shelf gas to hit WA budget

A looming decline in production from the gasfields that underpin the huge North West Shelf liquefied natural gas project is poised to blow a $500 million hole in Western Australia’s budget. The Aus

Nicoletti in $85m farm sale

WA’s biggest broadacre farmer, John Nicoletti, has put his full 200,000ha portfolio in the eastern and northern Wheatbelt on the market, with a price tag of between $75 million and $85 million. The West

Split tax cut bill, senators warn PM

The two key Senate crossbench voting blocs — One Nation and Centre Alliance — have called on Malcolm Turnbull to split the bills for his seven-year tax package so they can support the passage of $530 lump-sum payments for low to middle-income earners from next year. The Aus

KKR sandalwood plantations up for sale

KKR has put sandalwood company Santanol Group on the market in the latest twist for the plantation industry based in northern Australia. The Fin

Space a new frontier for WA business

WA is still in the mix for a big role in the new national space agency as Innovation Minister Michaelia Cash officially launches the new body in Perth today. The West

Liberals may pay Senate price for WA byelection forfeit

The decision by the West Australian Liberal Party to not contest the Perth by-election could cost the government Senate votes at the next federal election, critics of the move said. The Fin

Turnbull rating soars as voters back tax cuts

Increasing pressure on Bill Shorten, Mr Turnbull strengthened his position as the preferred prime minister to 46 per cent, jumping eight points to establish a 14-point lead. The Aus

Bring on TPP-11 or lose $15bn a year, says Minerals Council

The nation’s peak mining and energy lobby group has urged the federal parliament to endorse a massive 11-nation free trade deal or deny the economy an extra $15 billion a year in income, dismissing arguments the Trans-Pacific Partnership, as it is known, will cause an influx of foreign workers. The Aus

IPIF taps investors despite worry over budget spend, interest rates

Infrastructure Partners Investment Fund has shrugged off concerns about the federal government’s budget spend in the sector and the prospect of rising interest rates to kick off a fresh capital raising. The Fin

 

 

The Australian Financial Review

Page 1: The monthly Fairfax/Ipsos poll shows that following last week’s budget, the Labor-induced citizenship fiasco, and Bill Shorten’s pledge to outgun the government on tax cuts, Labor leads the Coalition on a two party-preferred basis by 54 per cent to 46 per cent.

Chinese loans worth hundreds of billions of dollars are saddling Australia’s smaller regional neighbours with unsustainable debts and giving Beijing crucial economic leverage to gain strategic and military power, warns a new secret report commissioned by the US State Department.

ZTE, a Chinese telecommunications company with a record of systemic corruption, is bidding for major contracts in Australia, including Telstra’s 5G mobile network and a transport contract in Western Australia, even after being criminally sanctioned in the United States.

Page 3: The ACT has won the first stage of Australia’s space race, with a new agency designed to tap into the $US345 billion ($457 billion) industry to be initially co-located with Canberra’s Industry Department.

Page 4: The West Australian division of the Liberal Party has intervened to save federal MP Ian Goodenough from losing his preselection, while at the same time, the Queensland Liberal National Party dumped sitting minister Jane Prentice.

Page 5: The decision by the West Australian Liberal Party to not contest the Perth by-election could cost the government Senate votes at the next federal election, critics of the move said.

Page 8: Queensland businessman Clive Palmer has lodged a court action in an attempt to block the proposed merger of insolvency specialists PPB Advisory and accounting giant PwC as part of a skirmish over the $300 million collapse of his Townsville nickel refinery.

Page 9: The competition watchdog is on a collision course with grains heavyweights GrainCorp, Glencore and CBH after backing increased supply chain regulation in Australia’s biggest agricultural industry.

Page 13: Superannuation funds face an uphill battle in persuading reluctant young workers to take out life insurance, but the consequence if they fail is higher premiums for all members, industry experts have warned.

Page 15: The corporate sector will face greater scrutiny over remuneration and decision making in the wake of the scandals emanating from the Hayne royal commission, according to BHP chief executive Andrew Mackenzie.

KKR has put sandalwood company Santanol Group on the market in the latest twist for the plantation industry based in northern Australia.

Civil construction costs are rising at their fastest rate since 2013-14, making it less likely engineering groups will ‘‘cut their own throats’’ and bid cheap prices to win contracts, BIS Oxford Economics has warned.

Page 16: Infrastructure Partners Investment Fund has shrugged off concerns about the federal government’s budget spend in the sector and the prospect of rising interest rates to kick off a fresh capital raising.

Wealth adviser Evans Dixon Group has received backing from business magnates Kerry Stokes and Robert Millner, executive chairman of fund manager Washington H. Soul Pattinson, for its $170 million initial public offering.

Page 18: The Aussie Farmers Direct brand will live another day after online food retailer YourGrocer acquired the intellectual property from administrators KordaMentha.

 

 

The Australian

Page 1: Increasing pressure on Bill Shorten, Mr Turnbull strengthened his position as the preferred prime minister to 46 per cent, jumping eight points to establish a 14-point lead.

More than 10 million Australian consumers are unwittingly paying with their telco plans to send personal data about every moment of their lives to Google, one of the world’s wealthiest companies.

Page 2: Julie Bishop has provided about $50 million to “localise” Australia’s foreign-aid program through “friendship grants” that will allow charities, community organisations and migrant groups to provide direct assistance to small villages in developing Indo-Pacific nations.

Page 3: Private health insurer HBF has pulled its products from comparator websites after its internal analysis revealed the industry paid brokers more than $150 million last year.

As the temperature drops across the nation, so too has Australia’s auction market with housing clearance rates showing further signs of cooling.

Page 4: The two key Senate crossbench voting blocs — One Nation and Centre Alliance — have called on Malcolm Turnbull to split the bills for his seven-year tax package so they can support the passage of $530 lump-sum payments for low to middle-income earners from next year.

Page 17: The nation’s peak mining and energy lobby group has urged the federal parliament to endorse a massive 11-nation free trade deal or deny the economy an extra $15 billion a year in income, dismissing arguments the Trans-Pacific Partnership, as it is known, will cause an influx of foreign workers.

The $141 billion Future Fund has called for more institutions to follow its lead and invest in the often controversial world of hedge funds to protect against a possible market downturn.

Page 18: A looming decline in production from the gasfields that underpin the huge North West Shelf liquefied natural gas project is poised to blow a $500 million hole in Western Australia’s budget.

Page 19: Top Australian beef brands are facing a substitution onslaught from counterfeiters in China, with the latest encryption technology enlisted to fight fakes.

Page 21: Development and construction heavyweight Lendlease has outlined more than $20 billion worth of opportunities it is pursing across Europe as it swings its operations towards new markets on the continent and builds on its massive pipeline in Britain.

 

 

The West Australian

Page 13: WA is still in the mix for a big role in the new national space agency as Innovation Minister Michaelia Cash officially launches the new body in Perth today.

Page 14: Workers in beachside Cottesloe will get an income tax cut more than 1 1/2 times the size offered to those in Gosnells under the tax plans on offer from the Turnbull Government.

Page 16: Liberal elder Wilson Tuckey has called the party’s decision not to field candidates in the Perth and Fremantle Federal by-elections a “disgrace”, amid suggestions it was made to avoid curly questions about WA’s GST share.

Almost four in five Australians believe religious schools that discriminate against gay teachers or students should not receive taxpayer funds, new polling reveals.

Business: WA’s biggest broadacre farmer, John Nicoletti, has put his full 200,000ha portfolio in the eastern and northern Wheatbelt on the market, with a price tag of between $75 million and $85 million.

West Winds Gin plans to turbocharge its expansion plans by raising up to $3.5 million through crowdfunding.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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