Morning Headlines

Monday, 10 December, 2018 - 06:45

NBN targets business for $1 billion

NBN Co has made an aggressive bid to boost its revenue from business to $1 billion a year, with the launch of a new set of discounted internet plans specifically designed for Australian enterprises. The Fin

Tech titans face crackdown

Australia’s competition regulator has called for a high-powered watchdog with investigative authority to rein in the immense influence of tech titans Google and Facebook. The Aus

Threat to good times, says OECD

The Organisation for Economic Cooperation and Development has warned that a ‘‘hard landing’’ in the housing market could end Australia’s long period of above-average economic performance, as it urged a build up budget surpluses, overdue tax reform and stable energy policy to underpin the next phase of growth. The Fin

Carbon demerge hits a snag

Plans by WA-based Alterra to demerge its carbon business so it can focus on other agribusiness ventures are being opposed by a major shareholder. The West

State stakes out hope of $1.5bn for its land registry business

Momentum is building for the sale of the Landgate interests in Western Australia that are estimated to be worth about $1.5 billion, with Canadian registry business ISC as well as AMP Capital expected to be lining up to acquire the government-owned asset. The Aus

RBA set to freeze rates trigger

Official interest rates will stay on hold throughout next year as households come to grips with a cooling housing market and tighter credit conditions, a growing number of economists and market analysts predict. The Aus

CCI enjoys a decent profit after two big losses

The State’s biggest employer group achieved a $2.1 million profit last financial year after racking up losses of $4.7 million in total over the previous two years. The West

 

 

The Australian Financial Review

Page 1: The Organisation for Economic Cooperation and Development has warned that a ‘‘hard landing’’ in the housing market could end Australia’s long period of above-average economic performance, as it urged a build up budget surpluses, overdue tax reform and stable energy policy to underpin the next phase of growth.

Professional services giant PwC laid off more than 30 staff and two partners resigned from its division advising companies on research and development incentive applications as clients were hit with government audits forcing them to pay back millions.

Page 3: The board of IOOF faces potential enforcement action from the corporate regulator as investigations continue in the wake of the prudential regulator’s attempt to disqualify management, which the wealth giant has vowed to vigorously defend.

Page 4: An OECD report has called into question heightened predictions about technology’s impact on employment after its own analysis revealed just 7 per cent of jobs in Australia were at high-risk of automation.

Page 11: Donald Trump has entered a high-risk phase of his presidency as he loses his second chief of staff in 17 months, just as the White House confronts a wave of likely probes and subpoenas from a Democrat-controlled House and the looming Mueller inquiry.

Page 15: NBN Co has made an aggressive bid to boost its revenue from business to $1 billion a year, with the launch of a new set of discounted internet plans specifically designed for Australian enterprises.

Page 17: Rio Tinto iron ore boss Chris Salisbury says the mining industry has a trust problem with the Australian public as the company continues to put a heavy emphasis on shoring up its social licence to operate and pushes towards an autonomous future.

Page 20: The Abu Dhabi Investment Council was able to exit $10 million of plantations managed by the sandalwood grower Quintis by virtue of a three-way transaction financed by a trust linked to founder Frank Wilson, the Supreme Court of Western Australia has heard.

 

 

The Australian                                                                                                                          

Page 1: Australia’s competition regulator has called for a high-powered watchdog with investigative authority to rein in the immense influence of tech titans Google and Facebook.

The results of the final Newspoll of the year show the Coalition’s primary vote at 35 per cent, Labor’s at 41 per cent and a two-party-preferred split of 45-55, which would equate on a uniform basis to the loss of 21 seats for the government.

Page 4: Employers will be given an extended period, possibly 12 to 18 months, to comply with Labor’s new labour-hire laws if Bill Shorten wins the election, as the ALP seeks to allay business concern about the contentious proposals.

Page 6: Health funds will use discount premiums to entice as many as 300,000 young Australians to take out policies, helping provide a buffer against the effects of rising costs and a tumultuous shift to new insurance categories.

Page 17: Official interest rates will stay on hold throughout next year as households come to grips with a cooling housing market and tighter credit conditions, a growing number of economists and market analysts predict.

The nation’s biggest superannuation fund will vote against the remuneration reports of three major banks in the coming annual-meeting season, increasing the likelihood of first strikes against Westpac, National Australia Bank and ANZ.

Page 18: Momentum is building for the sale of the Landgate interests in Western Australia that are estimated to be worth about $1.5 billion, with Canadian registry business ISC as well as AMP Capital expected to be lining up to acquire the government-owned asset.

 

 

The West Australian

Page 3: Two leading public health experts have warned that “political will” to introduce a sugary drinks tax is needed because of a growing obesity epidemic that will lead to WA children living shorter lives than their parents.

Page 6: Labor will use its household battery push to target key WA seats before next year’s Federal election, with figures showing voters in must-win electorates are well placed to benefit from the policy.

Page 12: Mum-and-dad small businesses that operate WA’s TAB outlets are concerned about plans to sell the betting agency, fearing they could be left hundreds of thousands of dollars worse off.

Business: Plans by WA-based Alterra to demerge its carbon business so it can focus on other agribusiness ventures are being opposed by a major shareholder.

The State’s biggest employer group achieved a $2.1 million profit last financial year after racking up losses of $4.7 million in total over the previous two years.