09/04/2019 - 06:54

Morning Headlines

09/04/2019 - 06:54

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Morning Headlines

TAB Sale rocked by industry ire

Plans by the McGowan Government to offload the TAB have been rocked after a group from the powerful thoroughbred racing industry quit in protest against the way the sale is being handled. The West

Labor win ‘a threat’ to tradies

Tradies are declaring war on Federal Labor, launching a nationwide campaign today that warns thousands of jobs will be lost in WA if Labor wins the election, and union thuggery will increase on worksites. The West

China go-slow hits Australian barley

China has warned its anti-dumping investigation into Australian barley exports could take up to 18 months, leaving the multi-billion dollar industry in limbo after a failed attempt by grain growers to seek more clarity from Beijing. The Fin

Labor rules out $30b tax cuts

Labor has released costings showing that stage three of the government’s tax cuts – a 30 per cent flat rate for the vast majority of workers – would soon cost $30 billion a year, as it doubled down on its refusal to adopt the cuts if it wins the election. The Fin

The $33m Rottnest repair job

Rottnest will have the biggest upgrade in its history with the Federal and State governments planning a $33 million cash splash on WA’s premier holiday island. The West

Wynn made secret proposal for Crown

Wynn Resorts, which was set up by legendary American casino developer Steve Wynn and now makes more than $1 billion a year profit from its casinos, recently put a confidential takeover proposal to James Packer’s Crown Resorts. The Fin

RPH revamp but more needed

Royal Perth Hospital’s intensive care unit will get a $22 million revamp but the Health Minister concedes the ageing hospital will need a lot more money spent on it in coming years. The West

Drinking under the influencer

Australia’s top social media influencers are being used to push booze within certain alcohol companies, exploiting loopholes in advertising laws, health experts claim. The West

 

 

The Australian Financial Review

Page 1: Labor has released costings showing that stage three of the government’s tax cuts – a 30 per cent flat rate for the vast majority of workers – would soon cost $30 billion a year, as it doubled down on its refusal to adopt the cuts if it wins the election.

Wynn Resorts, which was set up by legendary American casino developer Steve Wynn and now makes more than $1 billion a year profit from its casinos, recently put a confidential takeover proposal to James Packer’s Crown Resorts.

Page 2: Naplan results for 2018 show an improvement in reading skills for school children in years 3 and 5, and experts said the result may be attributable to the tests themselves.

Page 3: Thousands of Telstra workers are expected to walk off the job on Wednesday in a strike coinciding with Australian Council of Trade Unions rallies protesting the Coalition ahead of the federal election.

Page 5: Prime Minister Scott Morrison and Energy Minister Angus Taylor have tied themselves up in knots over electric vehicles since Labor announced a target of 50 per cent electric vehicles by 2030, contradicting their own past advocacy for the technology, software billionaire and clean energy campaigner Mike Cannon-Brookes says.

Page 6: The Greens said Labor would have to meet three-quarters of its emissions reduction target by relying on international carbon permits, after Labor said its policy would cost no more than the government’s.

Page 8: Australian economists have endorsed the International Monetary Fund’s view that the weakening housing market was hampering growth, and justified the need for interest rate cuts and ramped-up infrastructure spending.

Page 9: Less than a third of Australians expect to reduce their debt load this year – down from 60 per cent last year – and not because they don’t want to but because they can’t, an EY survey shows.

Page 10: The states are under growing pressure to strengthen their trespass laws to stop vegan activists storming onto farms and meatworks after Prime Minister Scott Morrison declared the Commonwealth government was willing to back graziers against ‘‘green-collar criminals’’.

Page 11: China has warned its anti-dumping investigation into Australian barley exports could take up to 18 months, leaving the multi-billion dollar industry in limbo after a failed attempt by grain growers to seek more clarity from Beijing.

Page 15: The NBN’s fibre-to-the-node technology is holding Australia back, and it will take the private sector’s 5G networks to make the nation’s internet globally competitive.

Page 21: Online food delivery company Deliveroo has launched an $18.99 monthly subscription service as it battles Menulog and Uber Eats for the $2.6 billion food delivery market.

 

 

The Australian

Page 1: Bill Shorten’s $2.3 billion cancer treatment plan will fail to deliver his promise of eliminating significant out-of-pocket costs for many private patients, with leading oncologists warning yesterday they could not guarantee they would bulk-bill their services.

Page 2: The new head of Australia’s Antarctic mission, Kim Ellis, has forcefully brushed aside warnings from security experts that Australia is letting Chinese expansionism in Antarctic go unchecked, declaring the concerns “xenophobic” and unfounded.

Page 5: A radical restructure of the family law system, which would involve the creation of new specialist state courts that could become a onestop shop for family law disputes, domestic violence orders and child protection matters, has been proposed by the Australian Law Reform Commission in a landmark report.

Page 6: The nation’s peak building lobby will target marginal seats with a high proportion of construction workers as it kicks off its election campaign against Labor’s plans for negative gearing and its links with the militant construction union.

Page 17: Lynas has bowed to pressure from the Malaysian government and agreed to shift the most controversial part of its rare-earths processing plant to Australia, in a move that has sparked criticism of its suitor Wesfarmers.

Page 20: Power prices in Australia surged more than 40 per cent in the March quarter compared to the same time last year, while the nation’s largest energy retailers may partly dodge fallout from the government’s introduction of a default market offer, Credit Suisse says.

 

 

The West Australian

Page 3: Plans by the McGowan Government to offload the TAB have been rocked after a group from the powerful thoroughbred racing industry quit in protest against the way the sale is being handled.

Page 7: The man who helped renowned Perth businessman Hossean Pourzand carry out a $20 million insurance scam by burning down the building that housed the State headquarters of Bunnings has told a court how he bought the materials to do the job — from Bunnings — on instructions from his friend and mentor.

Royal Perth Hospital’s intensive care unit will get a $22 million revamp but the Health Minister concedes the ageing hospital will need a lot more money spent on it in coming years.

Page 8: Tradies are declaring war on Federal Labor, launching a nationwide campaign today that warns thousands of jobs will be lost in WA if Labor wins the election, and union thuggery will increase on worksites.

Page 9: Rottnest will have the biggest upgrade in its history with the Federal and State governments planning a $33 million cash splash on WA’s premier holiday island.

Page 12: Australia’s top social media influencers are being used to push booze within certain alcohol companies, exploiting loopholes in advertising laws, health experts claim.

Business: Analysts have endorsed AP Eagers’ $660 million bid for rival car dealer Automotive Holdings Group, despite some reservations about the pricing of the offer.

The H&M fashion juggernaut has hit a speed bump, posting its first fall in sales since touching down on Australian shores.

Nissan Motors has severed its two-decade connection to former saviour Carlos Ghosn as shareholders removed the former chairman and chief executive from its board after his arrest on numerous alleged financial crimes.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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