20/05/2019 - 06:38

Morning Headlines

20/05/2019 - 06:38

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Morning Headlines

Coalition closes in on majority

The Coalition is set to form majority government following Saturday’s federal election while a gutted Labor Party is digging in for a possible three-way leadership contest to replace Bill Shorten and a third term in opposition. The Fin

Mining skills shortage looms

Data has revealed the growing skills shortage in WA’s resources sector, with job vacancies unmatched since February 2014. The West

Libs make west point

Scott Morrison will this week get down to business, deciding his new ministry with the possibility of more West Australians at the top levels of government. The West

Leadership void opens as scrutiny begins

Recriminations have begun within Labor over the party’s shock election defeat as Anthony Albanese, Chris Bowen and Tanya Plibersek prepare to contest the Labor leadership after Bill Shorten resigned. The Fin

Messiah from The Shire

Scott Morrison will move swiftly to reconvene parliament and demand passage of his $158 billion income tax cut plan, claiming the Coalition has a mandate for its budget reforms following a historic election victory that is poised to deliver it majority government. The Aus

Universities will have to play hardball

Universities will ‘‘have to play hardball’’ if they want to get more money from the Coalition government, said leading education analyst Andrew Norton at the Grattan Institute. The Fin

Tax review disaster for Northern Minerals

Would-be rare-earths miner Northern Minerals has been left mulling its capital raising options after a disastrous review of its $21.6 million research and development tax refund claim by AusIndustry left it not only without the $10.8m second tranche of last year’s claim, but with a requirement to repay $13.4m that it has already received. The Aus

Win for quiet Australians

Scott Morrison has pledged to support the aspirations of the “quiet Australians” who delivered him an historic win and end the class and ideological divisions he says Bill Shorten promoted for his own political advantage. The West

Beijing ties ‘still in the freezer’

The election result will not improve Australia’s relations with Beijing, says editor-in-chief of nationalist tabloid The Global Times, Hu Xijin, as analysts speculate that China is trying to pressure a new Morrison government to shift its position on issues such as Huawei. The Aus

Life expectancy gains coming to a dead stop

Australia’s gains in life expectancy have slowed in comparison to other high-income nations and further improvement may be limited, according to a study published in the Medical Journal of Australia today. The Aus

 

 

The Australian Financial Review

Page 1: The Coalition is set to form majority government following Saturday’s federal election while a gutted Labor Party is digging in for a possible three-way leadership contest to replace Bill Shorten and a third term in opposition.

Fund manager Geoff Wilson, who led a vocal campaign against Labor’s plan to eliminate franking credit refunds, says Bill Shorten’s team badly underestimated the “ripple effect” the policy would have on self-funded retirees and their families.

Page 3: Recriminations have begun within Labor over the party’s shock election defeat as Anthony Albanese, Chris Bowen and Tanya Plibersek prepare to contest the Labor leadership after Bill Shorten resigned.

Page 5: Queensland billionaire Clive Palmer’s $60 million campaign failed to deliver him a seat in the Senate but he says it was worth it to stop Bill Shorten becoming prime minister.

Page 6: In one of the more remarkable events in Australian political history, a footstomping, cheering, clapping and even occasionally singing crowd of passionate Liberal supporters acclaimed Tony Abbott as he conceded defeat in his formerly safe blue-ribbon Sydney north shore seat of Warringah on Saturday night.

Page 10: Wesfarmers chairman Michael Chaney said Labor lost the election because voters were concerned about the economic outlook and employment under its higher-taxing, big-spending agenda.

Page 11: Donald Trump has become the first world leader to congratulate Scott Morrison on his surprise election victory, with the two leaders pledging to continue their ‘‘close co-operation’’.

Page 12: Rating agency Fitch has reaffirmed Australia’s credit rating but warned that Treasurer Josh Frydenberg will need to navigate serious economic risks if he is to deliver his surplus next year.

Page 18: Universities will ‘‘have to play hardball’’ if they want to get more money from the Coalition government, said leading education analyst Andrew Norton at the Grattan Institute.

Page 21: Investors appear to be more patient than investment bankers when it comes to the prospects for deal making by Caltex Australia, while acknowledging the fuel supplier is undervalued in the market due to doubts around a profit uplift targeted in the retail business.

 

 

The Australian

Page 1: Scott Morrison will move swiftly to reconvene parliament and demand passage of his $158 billion income tax cut plan, claiming the Coalition has a mandate for its budget reforms following a historic election victory that is poised to deliver it majority government.

Page 2: Tax cuts for low- and middle-income workers will pump $8 billion into the economy over the next few months, providing a boost for the economy in tandem with likely Reserve Bank interest rate cuts.

Page 4: Union leaders have blamed Labor’s election defeat on Bill Shorten’s inability to sell a coherent message, his failure to combat the Coalition assault on his party’s climate change and tax agenda, and the “debacle” over Adani.

Page 6: The election result will not improve Australia’s relations with Beijing, says editor-in-chief of nationalist tabloid The Global Times, Hu Xijin, as analysts speculate that China is trying to pressure a new Morrison government to shift its position on issues such as Huawei.

Page 12: Australia’s gains in life expectancy have slowed in comparison to other high-income nations and further improvement may be limited, according to a study published in the Medical Journal of Australia today.

Page 19: Australia’s business community is hoping for a “sensible Senate” to provide policy stability to reignite investment confidence and fuel the momentum they say Australia’s economy needs.

Page 20: The New York hedge fund best known in Australia for its campaign for change at mining giant BHP has recruited the former head of the government-backed Australian Renewable Energy Agency as an adviser to its Australian clean energy business.

Would-be rare-earths miner Northern Minerals has been left mulling its capital raising options after a disastrous review of its $21.6 million research and development tax refund claim by AusIndustry left it not only without the $10.8m second tranche of last year’s claim, but with a requirement to repay $13.4m that it has already received.

 

 

The West Australian

Page 1: Perth Glory fans’ hearts were broken last night when the hot favourites lost the A-League grand final in a penalty shootout.

Page 4: Scott Morrison has pledged to support the aspirations of the “quiet Australians” who delivered him an historic win and end the class and ideological divisions he says Bill Shorten promoted for his own political advantage.

Page 5: Scott Morrison will this week get down to business, deciding his new ministry with the possibility of more West Australians at the top levels of government.

Page 9: The Coalition’s shock win wasn’t just bad for Labor, it was also a disaster for the polling industry, a leading pollster has admitted.
Page 11: A Goldfields gold hunter has achieved every prospector’s dream — uncovering a 1.4kg nugget worth almost $100,000.

Business: Data has revealed the growing skills shortage in WA’s resources sector, with job vacancies unmatched since February 2014.

A private company is eyeing up to $1 billion in annual revenue from a proposal to convert wastewater from Dampier Salt’s operation near Karratha into a high-value chemical product.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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