02/04/2019 - 06:54

Morning Headlines

02/04/2019 - 06:54

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Morning Headlines

Budget to splash the cash

Up to 10 million low and middle-income earners will get an extra cash payment when they lodge their tax returns this July as a centrepiece of today’s Budget to be unveiled by Treasurer Josh Frydenberg. The West

LNG test plant for cheaper, cleaner WA energy exports

Premier Mark McGowan will today offer land and $10 million towards a micro-scale LNG plant in Kwinana to help the WA industry counter cheap US gas and customers wanting cleaner energy. The West

Double hit on Rio iron ore to lift prices

Cyclone-hit Rio Tinto has added to upward pressure on iron ore prices that are now expected to stay high for a long time and deliver an even bigger budget windfall for federal treasurer Josh Frydenberg. The Fin

Bishop set to raise Curtin

Julie Bishop has joined the fight to keep her prized Federal seat of Curtin in Coalition hands, donating $40,000 to her more conservative successor’s campaign. The West

Change called to end ABC interference

A parliamentary committee has called for an overhaul of appointment processes and stable budget funding for the ABC, part of efforts to end damaging political interference at the national broadcaster. The Fin

ALP plan reignites carbon wars

The centrepiece of Labor’s plan to reduce carbon emissions – a baseline and credit scheme for the nation’s top 250 emitters – appears doomed with the Coalition opposed to the entire policy and the Greens hostile towards several elements, including letting companies offset emissions by buying international carbon permits. The Fin

Ageing boomers loom as a $36bn hit to economy

The march of baby boomers into old age will cost the budget $36 billion by the end of the coming decade, including a $9bn increase in the age pension that will not be offset by higher tax concessions in superannuation, a new report says. The Aus

Qantas power a ‘myth’

Qantas has ridiculed suggestions by airports it has market power, saying the loss of a “single” daily Perth-Melbourne service would cost it 10 times more than Perth Airport. The West

 

 

The Australian Financial Review

Page 1: The centrepiece of Labor’s plan to reduce carbon emissions – a baseline and credit scheme for the nation’s top 250 emitters – appears doomed with the Coalition opposed to the entire policy and the Greens hostile towards several elements, including letting companies offset emissions by buying international carbon permits.

Page 3: Amazon’s land grab for the e-commerce and cloud computing markets in Australia have resulted in soaring revenues, but also mounting losses.

Page 4: Australia needs to get cracking on charging electric car drivers to use roads or risk losing $17 million a year in fuel excise if Labor’s new national electric vehicles policy gains traction, infrastructure bodies have warned.

Page 8: Business profitability and employment conditions have improved according to the latest NAB Business Survey, but there remains a serious lack of confidence in the economy ahead of an imminent federal budget and election.

Page 10: A parliamentary committee has called for an overhaul of appointment processes and stable budget funding for the ABC, part of efforts to end damaging political interference at the national broadcaster.

Page 11: Facebook made a very public bid over the weekend to shape the global conversation on internet regulation, though so far some politicians remain sceptical of its efforts.

Page 13: Woolworths will book $370 million in one-off costs this year after biting the bullet on its loss-making Big W chain, closing 30 stores and two distribution centres.

Page 15: Cyclone-hit Rio Tinto has added to upward pressure on iron ore prices that are now expected to stay high for a long time and deliver an even bigger budget windfall for federal treasurer Josh Frydenberg.

 

 

The Australian

Page 1: Josh Frydenberg will today declare an end to the debt and deficit disaster the Coalition inherited from Labor six years ago, with the budget revealing that government net debt will be eliminated within a decade.

Page 2: The march of baby boomers into old age will cost the budget $36 billion by the end of the coming decade, including a $9bn increase in the age pension that will not be offset by higher tax concessions in superannuation, a new report says.

Page 3: Seven Network’s television coverage of the AFLW grand final attracted a huge television audience, which bodes well for the new AFL season.

Page 9: Turkish President Recep Tayyip Erdogan’s AKP has suffered a major blow in local elections, with the ruling party set to lose the capital Ankara and risking defeat in the country’s economic hub of Istanbul.

Page 17: Some of Australia’s biggest building materials companies and food manufacturers could be caught up in Labor’s policy to expand the Coalition’s carbon plan by lowering the threshold for inclusion from 100,000 tonnes of carbon emissions a year to 25,000 tonnes.

Page 18: Chinese e-commerce giant Alibaba appears to be gaining ground as a backer of Bubs following the infant formula maker’s announced acquisition of Australia Deloraine Dairy.

Page 19: Australian airlines are clawing back market share in the highly competitive international space, taking advantage of capacity cutbacks by overseas carriers.

Page 24: Apple’s revamped iPad mini is almost as powerful as an iPad Pro. That means it has a capability way beyond previous models.

 

 

The West Australian

Page 4: Julie Bishop has joined the fight to keep her prized Federal seat of Curtin in Coalition hands, donating $40,000 to her more conservative successor’s campaign.

Page 6: Up to 10 million low and middle-income earners will get an extra cash payment when they lodge their tax returns this July as a centrepiece of today’s Budget to be unveiled by Treasurer Josh Frydenberg.

Patients with crippling eating disorders such as anorexia nervosa and bulimia will soon be able to get help at six new residential treatment centres.

Page 7: The Federal Government will allocate $527 million to fund a royal commission into the mistreatment of disabled Australians.

Page 10: The silent majority has been drowned out by those opposing changes to Perth’s skyline, foreshore and coast, despite the ultimate success and popularity of many controversial projects, according to a city lobby group.

Page 14: School canteens should be forced to offer only healthy food to step up the fight against obesity, health researchers say.

Business: Premier Mark McGowan will today offer land and $10 million towards a micro-scale LNG plant in Kwinana to help the WA industry counter cheap US gas and customers wanting cleaner energy.

Qantas has ridiculed suggestions by airports it has market power, saying the loss of a “single” daily Perth-Melbourne service would cost it 10 times more than Perth Airport.

Hastings Technology Metals is raising $24.5 million for its $427 million rare

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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