05/03/2019 - 06:38

Morning Headlines

05/03/2019 - 06:38

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Morning Headlines

Job desperation

Four regions in WA are among the 20 worst “hotspots” for youth unemployment in the country, with one in six young people in parts of Perth out of work. The West

WA to get more aged care places

More than 3000 new aged care places for West Australians will be created this year as part of a $900 million package to be revealed by the Federal Government today. The West

Farmers win from Indo deal

WA farmers and agribusinesses will be major winners from the new trade pact between Australia and Indonesia. The West

Morrison sets out poll battle lines against Labor

Scott Morrison says the next election will be a contest ‘‘between enterprise and envy’’, claiming the economic policy differences between the major parties are the most pronounced in more than four decades. The Fin

Telstra Plus bid to lock in loyalty

Telstra is about to launch a ramped-up loyalty program, tipped to be called Telstra Plus, as a key pillar of the telecommunications giant’s T22 makeover that seeks to focus on customers in the hyper-competitive market. The Fin

Metcash shifts sights from costs to growth

After stabilising earnings by cutting costs, wholesaler Metcash is chasing sales growth by spending $300 million over five years buying and refurbishing stores, opening small stores and ramping up digital investment to cater for growing consumer demand for convenience. The Fin

ALP strike on offshore labour hire

A newly elected Labor government would face immediate pressure from unions to support a crackdown on companies sending jobs offshore, prompting business figures to warn of a retreat to protectionism under a Shorten prime ministership. The Aus

Mine tech may wake tired pilots

Groundbreaking technology used to detect and wake up drowsy truck drivers on mine sites is now attracting interest from the aviation industry, including airlines Qantas and Emirates. The Aus

WA’s gas prices ‘may stay lower’

WA’s advantage of cheaper gas than the Eastern States should last and could see industry relocating westwards, according to a gas industry analyst. The West

 

 

The Australian Financial Review

Page 1: Scott Morrison says the next election will be a contest ‘‘between enterprise and envy’’, claiming the economic policy differences between the major parties are the most pronounced in more than four decades.

Geraldine Buckingham, the head of Asia Pacific for BlackRock, says the global asset management business is at an ‘‘inflection point’’ and that fund managers must embrace technological change or fall behind.

Page 2: Commonwealth Bank of Australia’s top bankers and directors are being interviewed by the corporate regulator as it moves closer to launching a landmark case against the bank and its board alleging breaches of directors duties and continuous disclosure.

Page 3: After analysing 78 economic expansions from around the world, BIS Oxford global head of macro research Gabriel Sterne, who writes in The Australian Financial Review today, says that while economies usually show more risk of a recession the older they get, ‘‘Australia’s experience may rewrite the rulebook’’.

Page 6: Trade Minister Simon Birmingham has moved to nullify a union campaign against the free trade agreement with Indonesia, assuring Australian workers they won’t face competition for jobs from an influx of foreign labour.

Page 9: The chief executive of Lamborghini in the Asia-Pacific region says Australian buyers aren’t putting on the brakes because of sliding house prices, and a new group of professional executives who’ve hit their 40s were now buying SUVs as their sports car dreams fade.

Page 12: After stabilising earnings by cutting costs, wholesaler Metcash is chasing sales growth by spending $300 million over five years buying and refurbishing stores, opening small stores and ramping up digital investment to cater for growing consumer demand for convenience.

Telstra is about to launch a ramped-up loyalty program, tipped to be called Telstra Plus, as a key pillar of the telecommunications giant’s T22 makeover that seeks to focus on customers in the hyper-competitive market.

Page 13: KKR and Wesfarmers’ Coles have inked a final agreement for their new pubs joint venture.

Page 15: The corporate watchdog has told the Devine Group’s shareholders that it will further examine the property company’s books following investor claims that controlling shareholder CIMIC has been forcing it into losses.

Page 16: ANZ Banking Group chairman David Gonski says he expects more private equity raids on listed companies but says small investors will lose out as more firms disappear from public exchanges.

 

 

The Australian

Page 1: A newly elected Labor government would face immediate pressure from unions to support a crackdown on companies sending jobs offshore, prompting business figures to warn of a retreat to protectionism under a Shorten prime ministership.

Page 2: Transport Workers Union national secretary Michael Kaine has pledged to pressure superannuation funds to pursue companies over workplace standards, attacking a move by Josh Frydenberg to seek new regulatory powers to block union activism in the nation’s $2.7 trillion retirement savings system.

Page 3: Groundbreaking technology used to detect and wake up drowsy truck drivers on mine sites is now attracting interest from the aviation industry, including airlines Qantas and Emirates.

Page 4: A surge in resource company profits has brought the federal budget back to the brink of surplus, but weaker profits in other key sectors highlight the risk of an economic slowdown.

Page 7: Adani has warned that taxpayers would face a multi-billion-dollar lawsuit if the state Labor government caves in to green activists’ demands to stop the Indian conglomerate’s Carmichael coalmine.

Page 9: China has launched one of its worst ever blocks on foreign internet sites as Beijing begin its annual gathering of political leaders, the National People’s Congress, which starts today.

Page 17: Dow Chemical has warned that the lack of a national energy policy is a drag on Australia’s economic growth as high power and gas bills force big business to shut operations or pass the costs on to struggling households.

 

 

The West Australian

Page 3: The children’s animated series Bluey, which follows the adventures of a family of blue heelers living in the suburbs, has become the most-downloaded show in ABC iView history.

Page 6: Four regions in WA are among the 20 worst “hotspots” for youth unemployment in the country, with one in six young people in parts of Perth out of work.

Page 7: Rotting timber piles have been discovered on a popular Rottnest jetty during underwater inspections ordered after the collapse of another jetty in October.

An amended version of a planning proposal for the South Perth peninsula would put a cap on the height of high-rise buildings if passed at a special council meeting tomorrow night.

Page 8: University classes on preventing domestic violence will be introduced for students in degrees such as nursing and teaching as part of a record new funding package from the Federal Government.

Page 10: Tony Abbott has cancelled a Liberal Party fundraising trip to Perth, fuelling concerns about the state of the party’s coffers.

Page 11: More than 3000 new aged care places for West Australians will be created this year as part of a $900 million package to be revealed by the Federal Government today.

Page 16: Decriminalising drugs such as cannabis would not hurt organised crime groups but would boost their profits and “legitimise” their businesses, police claim.

Business: WA farmers and agribusinesses will be major winners from the new trade pact between Australia and Indonesia.

As much as 46 per cent of existing work activities in Australia could be automated by 2030, displacing as many as 6.5 million jobs, a report by a respected global consulting firm has found.

Aspiring sulphate of potash producer Kalium Lakes says a front-end engineering and design study has identified increased production and lower operating costs for its Beyondie project, 160km south-east of Newman.

WA’s advantage of cheaper gas than the Eastern States should last and could see industry relocating westwards, according to a gas industry analyst.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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