07/01/2019 - 06:36

Morning Headlines

07/01/2019 - 06:36

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Western Gas hatches new WA LNG project

Morning Headlines

Western Gas hatches new WA LNG project

Asian LNG buyers, producers and traders are among potential partners for a new circa $US4 billion ($5.6 billion) LNG project planned just off the Western Australian coast by private player Western Gas, whose executive director Andrew Leibovitch says is drawing keen interest. The Fin

ASX proposes tighter rules, expels Chinese companies

The Australian Securities Exchange is pursuing its hard line against Chinese companies, expelling a number from the exchange and proposing to impose new rules to punish dodgy listed companies and rule breakers. The Fin

Aussie company to roll out electric cars

An Australian firm plans to start assembling lightweight, modular electric cars locally by 2021. The Aus

Crayfish plans are ‘dead in the water’

McGowan Government plans to nationalise parts of the rock lobster industry appear dead in the water, with even a Labor MP last night conceding they have little chance of passing the Upper House. The West

Sims threatens bigger fines, clashes over mergers

Competition regulator Rod Sims has slammed the corporate sector as arrogant and warned firms that mislead consumers to expect fines in the hundreds of millions of dollars this year. The Fin

Red light flashing over fuel security

Delays in addressing the nation’s low domestic fuel stockpiles — including just 22 days of petrol and 17 days of diesel — have sparked warnings from Coalition MPs and security experts that the nation is dangerously exposed if a major geopolitical upheaval disrupts export supply routes. The Aus

Roger David relied on credit

Only an overdraft facility prevented Roger David from failing earlier, according to an analysis by administrators who have detailed the menswear retailer’s unsuccessful battle for survival. The West

 

 

The Australian Financial Review

Page 1: Competition regulator Rod Sims has slammed the corporate sector as arrogant and warned firms that mislead consumers to expect fines in the hundreds of millions of dollars this year.

The Australian Securities Exchange is pursuing its hard line against Chinese companies, expelling a number from the exchange and proposing to impose new rules to punish dodgy listed companies and rule breakers.

Page 5: Labor’s generous preschool policies could have the unintended effect of exacerbating the childcare place glut without easing costs for families, the nation’s largest provider, Goodstart Early Learning, has warned.

Page 9:The government shutdown that has halted pay cheques for hundreds of thousands of federal workers began its third week at the weekend with no end in sight, as Vice-President Mike Pence, top White House officials and senior congressional aides met for more than two hours without reaching a deal to reopen the government.

Page 13: The seven largest online small business lenders have opened themselves to scrutiny by an independent oversight committee and pledged to adhere to transparent standards on pricing and dispute resolution, with the Australian Finance Industry Association and small business ombudsman endorsing the start-ups’ efforts at self-regulation.

Page 15: Asian LNG buyers, producers and traders are among potential partners for a new circa $US4 billion ($5.6 billion) LNG project planned just off the Western Australian coast by private player Western Gas, whose executive director Andrew Leibovitch says is drawing keen interest.

Gas producers are privately voicing reservations about proposals that would require them to report on sales contracts, reserves and export prices, worried that the measures intended to increase transparency in the under pressure east coast market could put them at a commercial disadvantage.

One of the iron ore sector’s most experienced mining contractors is seeing no evidence of a mining boom style outbreak in labour costs, as sector giants BHP, Rio Tinto and Fortescue Metals Group all push ahead with plans to construct new mines in Western Australia’s Pilbara region.

Page 17: The private wealth division of Macquarie Group has taken a hit after more than 20 advisers left amid concerns about the group’s narrow focus on wealthy clients and its new fee and remuneration model.

 

 

The Australian                                                                                                                          

Page 1: Delays in addressing the nation’s low domestic fuel stockpiles — including just 22 days of petrol and 17 days of diesel — have sparked warnings from Coalition MPs and security experts that the nation is dangerously exposed if a major geopolitical upheaval disrupts export supply routes.

Fraser Anning has admitted he stands little chance of re-election after both sides of politics condemned the former One Nation senator for joining far-right extremists at a Melbourne rally and charging the trip to taxpayers.

Page 2: An Australian firm plans to start assembling lightweight, modular electric cars locally by 2021.

Page 3: More than 800 people including child sex offenders, killers and domestic abusers were stripped of their visas and faced deportation last year in an ongoing federal government crackdown.

Page 4: Universities will be barred from allowing low-scoring high school students entry into teaching degrees under Labor to put an end to the “dumbing down” of the teaching profession, Tanya Plibersek says.

Page 13: Telstra chairman John Mullen says the tall poppy syndrome that tars successful Australian business people will only get worse in an age of increasing populism, and he fears increasing corporate governance demands are leaving boards with too little time to discuss strategy.

Pacific Magazines will launch a new monthly magazine at the end of the month, with boss Gereurd Roberts bullish about the future of the group’s dozen magazine titles, including top sellers Better Homes & Gardens and New Idea.

Page 15: Nearly $160 million worth of shares have come out of escrow restrictions in recent weeks, giving investors extra heartburn in the face of increased market volatility.

 

 

The West Australian

Page 1: WA’s most infamous bikie Troy Mercanti is back in the community after being released from prison late last week.

Page 3: McGowan Government plans to nationalise parts of the rock lobster industry appear dead in the water, with even a Labor MP last night conceding they have little chance of passing the Upper House.

Business: Only an overdraft facility prevented Roger David from failing earlier, according to an analysis by administrators who have detailed the menswear retailer’s unsuccessful battle for survival.

And now the Kimberley trees are providing a business opportunity for Broome-based tourism operator Robert Dann, who is using the nuts to create unique products including an iced tea and cosmetic ointments, and will release the first ever boab beer and boab ginger beer within months.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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