20/02/2019 - 06:10

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20/02/2019 - 06:10

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McGowan punts on 150,000 new jobs

McGowan punts on 150,000 new jobs

Premier Mark McGowan has bet on WA’s rebounding economy to promise he will create 150,000 jobs within five years, trebling the State Government’s employment pledge. The West

Family feud means Buckeridge open to offers

Speculation is mounting about a break-up of the Buckeridge Group of Companies, with the contract mining division of the $2 billion-plus empire expected to hit the market within weeks. The Aus

Hundreds of subs jobs set to go west

Hundreds of workers maintaining the navy’s Collins class submarines could be relocated from Adelaide to Perth within three years, angering key crossbench South Australian senators who fear the loss of local jobs. The Fin

Hack-proof network a priority

Building a new “hack-proof’’ mobile network is being actively examined by the nation’s national security experts to protect whole power grids, hospitals and universities from being shut down by state-sponsored cyber attacks. The Aus

Prendiville to build boutique hotel

Hotelier Patrick Prendiville has finalised his purchase of the last of the Fremantle Warders Cottages parcels after winning approval for a boutique development. The West

Labor waves new stick at big banks

The chief executives of the four big banks will be made to face Parliament twice a year to report on progress in implementing the banking royal commission reforms, as part of a boosted accountability regime Labor will introduce if it wins the election. The Fin

Emeco’s $90m kit buy sees shares smashed

Emeco Holdings lost almost a quarter of its value yesterday after investors reacted badly to unexpected plans to spend $90 million on a fleet expansion. The West

Slide in tourist rides hits SeaLink

The broad economic slowdown has extended to Captain Cook Cruises on Sydney Harbour and in Perth, with operator SeaLink Travel Group saying tighter consumer spending in the domestic market and a softening of some international tourist markets is crimping growth. The Fin

Criminal charges await bankers

The corporate watchdog has flagged criminal prosecutions against senior bank executives from almost 40 investigations into alleged breaches as the government prepares to extend the time jilted customers can seek redress from banks back to 2008, the start of the global financial crisis. The Aus

Well runs dry for Water Corp

WA’s environment regulator could slash the Water Corporation’s annual take from Perth’s aquifers by 30 billion litres within years — equivalent to two thirds of the output from the Kwinana desalination plant. The West

 

The Australian Financial Review

P1: The chief executives of the four big banks will be made to face Parliament twice a year to report on progress in implementing the banking royal commission reforms, as part of a boosted accountability regime Labor will introduce if it wins the election.

P1: The extraordinary revival in the fortunes of the resources sector over the past 12 months means BHP Group is well and truly worthy of being called the biggest Australian.

P3: Greater uncertainty around the outlook for household consumption and historically large house price falls as well as slow wages growth were key factors behind the Reserve Bank’s decision to ease off a rate hike.

P4: Future Fund chief executive David Neal and Finance Minister Mathias Cormann have ruled out the government’s $147 billion sovereign wealth fund expanding its investment mandate to manage superannuation for Australians.

P6: Finance Minister Mathias Cormann has divulged he called the federal Liberal Party treasurer directly to book personal travel three times, a day after it was revealed company Helloworld paid for flights for his family holiday.

P12: Hundreds of workers maintaining the navy’s Collins class submarines could be relocated from Adelaide to Perth within three years, angering key crossbench South Australian senators who fear the loss of local jobs.

P17: Resources giant BHP has taken a $US1 billion ($1.4 billion) hit on planned productivity gains, conceding it won’t make the ambitious target after counting the cost of a hat-trick of headaches at mines in Australia and Chile.

P20: Private equity consortium BGH Capital has committed to buying education company Navitas for $2.1 billion but needs more time to finish its due diligence.

P23: The broad economic slowdown has extended to Captain Cook Cruises on Sydney Harbour and in Perth, with operator SeaLink Travel Group saying tighter consumer spending in the domestic market and a softening of some international tourist markets is crimping growth.

 

The Australian

P1: Building a new “hack-proof’’ mobile network is being actively examined by the nation’s national security experts to protect whole power grids, hospitals and universities from being shut down by state-sponsored cyber attacks.

P1: The corporate watchdog has flagged criminal prosecutions against senior bank executives from almost 40 investigations into alleged breaches as the government prepares to extend the time jilted customers can seek redress from banks back to 2008, the start of the global financial crisis.

P2: Energy Minister Angus Taylor has attacked power companies and their peak body, accusing them of running a “cynical and self-serving campaign” to ensure retailers can “continue to dud their customers”.

P4: Up to 50,000 pensioners over the next decade could fail to meet Labor’s safety net threshold and lose their annual cash refunds for excess franking credits under Bill Shorten’s plans to axe $55 billion in tax breaks for retirees.

P4: The Australian Maritime Safety Authority faces a Senate inquiry after a ferocious attack by a government senator into its handling of the death of a Perth father who is believed to have fallen off a boat.

P5: A split has opened between Labor and an alliance of Greens and key independents over the contentious medivac bill, as Bill Shorten is attacked for supporting refugees and asylum-seekers from Manus Island and Nauru being sent to Christmas Island.

P19: ANZ has admitted it hit the brakes too hard last year in home lending, as minutes from this month’s Reserve Bank board meeting revealed the directors’ concern that further price falls could slow economic growth due to lower consumption.

P20: Speculation is mounting about a break up of the Buckeridge Group of Companies, with the contract mining division of the $2 billion-plus empire expected to hit the market within weeks.

P21: Coles boss Steven Cain has set himself a target to return the supermarket group to its glory days of market-beating growth of a decade ago.

 

The West Australian

P1: The man accused of being the Claremont serial killer allegedly evolved from an awkward boy with a fetish for women's underwear to a night-time suburban prowler, then rapist and finally murderer.

P4: Premier Mark McGowan has bet on WA’s rebounding economy to promise he will create 150,000 jobs within five years, trebling the State Government’s employment pledge.

P9: The Federal Department of Agriculture was aware of allegations that animal activists paid for live export cruelty footage before the scandal broke but did not act.

P12: The RAC is calling for the introduction of tax concessions to boost the uptake of low emissions vehicles.

P18: WA’s environment regulator could slash the Water Corporation’s annual take from Perth’s aquifers by 30 billion litres within years — equivalent to two thirds of the output from the Kwinana desalination plant.

Business: Emeco Holdings lost almost a quarter of its value yesterday after investors reacted badly to unexpected plans to spend $90 million on a fleet expansion.

A family butcher in the northern suburbs has snagged gongs at the hotly contested 2019 National Sausage King competition, attributing a big part of its success to using prime beef cuts grown on its own farm.

HBF chief executive John Van Der Wielen is flagging a more dynamic approach as the health insurer looks to sweat a $1.7 billion investment portfolio to generate better returns.

Seven West Media will double down on efforts to cut costs and find new revenue streams after yesterday reporting a smaller-than-expected profit of $85.8 million for the last six months of 2018.

Property: Planning Minister Rita Saffioti is urging “positively engaged” members of the community who support vibrant spaces, housing diversity and well-designed infill to participate in public conversations about precinct plans and design.

Fini Group has invited the Shenton Park community and stakeholders to have their say about how the Victoria House redevelopment within Montario Quarter should take place.

Hotelier Patrick Prendiville has finalised his purchase of the last of the Fremantle Warders Cottages parcels after winning approval for a boutique development.

 

 

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