28/05/2019 - 06:54

Morning Headlines

28/05/2019 - 06:54

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Chevron’s warning on carbon and costs

Western Australia’s proposed carbon guidelines will mean Australia’s natural gas resources will ‘‘stay in the ground’’ unless they still allow gas developments to be economically competitive, Chevron’s senior representative in Asia has warned. The Fin

Albo looks West for loss lessons

New Opposition Leader Anthony Albanese says he will get more jobs for West Australians by boosting infrastructure spending if he becomes prime minister at the next election. The West

WA is on the Roe 8 again

Federal Liberal MP Ben Morton has vowed to make the Roe 8 extension an issue at the next State election as the WA Government’s plan to erase the project from the planning books faces a roadblock in the Upper House. The West

Rate cut to end house price slide

Interest rate cuts starting next Tuesday will be an immediate remedy for falling house prices with economists saying the second largest correction in the country’s history will now stabilise or turn around in the second half of this year. The Fin

CFMEU braced for ‘invigorated’ ABCC after Labor’s election loss

The Construction, Forestry, Maritime, Mining and Energy Union is bracing for millions of dollars in fines from dozens of court actions after its estimated $8 million election spend failed to secure a Labor victory. The Fin

Tax breaks for remote jobs up for fine-tuning

Simplification is needed for tax breaks offered to Australians in areas with ‘‘uncongenial climates’’, including removing different provisions for locally based and fly-in, fly-out workers, KPMG says. The Fin

Project-based job culture a steady ‘work in progress’

The traditional binary lens through which we look at work and employment is no longer relevant, according to Expert360 cofounder and chief executive Bridget Loudon, who said there was mounting evidence that employees were rejecting the rigid nine-to-five grind. The Aus

Expert’s valuation backs Ansteel’s $25m Gindalbie buyout

Chinese group Ansteel’s buyout of the Karara magnetite project in the Mid West has been backed by an independent assessment that says the $25 million offer is priced at a premium. The West

 

 

The Australian Financial Review

Page 1: Interest rate cuts starting next Tuesday will be an immediate remedy for falling house prices with economists saying the second largest correction in the country’s history will now stabilise or turn around in the second half of this year.

Page 3: Prime Minister Scott Morrison has rankled the opposition in Papua New Guinea and been accused of interfering in the tense process of choosing the next government, after praising his outgoing counterpart Peter O’Neill.

Page 4: The Construction, Forestry, Maritime, Mining and Energy Union is bracing for millions of dollars in fines from dozens of court actions after its estimated $8 million election spend failed to secure a Labor victory.

Page 5: Superannuation executives are anxious Treasurer Josh Frydenberg’s planned review of the retirement income system could be a “stalking horse” to consider halting the scheduled rise in compulsory super contributions to 12 per cent.

Page 6: Energy experts have urged the Morrison government to tighten up its Climate Solutions Fund to ensure big polluters are penalised so Australia can reach its 2030 emissions reduction targets.

Page 11: Simplification is needed for tax breaks offered to Australians in areas with ‘‘uncongenial climates’’, including removing different provisions for locally based and fly-in, fly-out workers, KPMG says.

Page 13: Mainstream European Union parties held their ground against the assault from populists in elections for the bloc’s Parliament as the highest turnout in two decades looked set to reward pro-EU Liberals and Greens.

Page 15: The Suncorp board will launch a global search for a new chief executive after outgoing chief Michael Cameron failed to persuade investors of his vision for the company.

Vocus has become the latest telecommunications company to capture the interest of large infrastructure funds with billions of dollars to spend on single transactions, with one $3.3 billion offer already on the table, and more suitors reportedly in the wings.

Page 17: Western Australia’s proposed carbon guidelines will mean Australia’s natural gas resources will ‘‘stay in the ground’’ unless they still allow gas developments to be economically competitive, Chevron’s senior representative in Asia has warned.

When Galaxy Resources started buying shares in the lithium exporter now known as Alliance Mineral Assets, the company was securing more than just a valuable acquisition option. Galaxy’s early move on Alliance has also ensured it will have front-row seats to Australia’s next lithium initial public offering.

Page 19: Australian shoppers are still addicted to discounts, auguring poorly for retailers such as Myer who are trying to wean customers off price-based promotions.

Page 20: Network 10 chief sales officer Rod Prosser says the broadcaster’s soon-to-launch data offering will continue to evolve and allow advertisers to effectively target consumers based on demographics, household make-up and lifestyle interests.

Page 21: Industry, Science and Technology Minister Karen Andrews has pledged to hold clear-the-air talks with tech industry leaders over R&D tax incentives and controversial policies, as numbers obtained by The Australian Financial Review showed the amount of incentives that had to be repaid by companies almost doubled last year.

 

 

The Australian

Page 1: New Labor leader Anthony Albanese has questioned the “economics” of opening up the Galilee Basin to coalmining and refused to publicly support Adani’s $2 billion Carmichael mine, ahead of his visit to Queensland today to win back blue-collar workers.

Page 4: Nationals MPs are furious with Deputy Prime Minister Michael McCormack over the ministry reshuffle, demanding a “please explain” after they failed to pick up an extra portfolio and the key agriculture portfolio was split between two ministers.

Page 8: Nigel Farage’s newly formed Brexit Party has trumped the British result in the European parliamentary election, winning a third of the vote, sending a shattering message to the Conservative and Labour parties and underscoring just how divided the nation is over Brexit.

Page 19: The head of Western Australia’s Environmental Protection Authority insists the group has an “open mind” over the best approach to carbon emissions ahead of the launch of a lengthy consultation process into proposed greenhouse gas offset requirements.

Telstra has had a formal warning from the Australian Communications and Media Authority for failing to consult properly before setting up mobile infrastructure.

Page 20: Oil Search and Santos face a two-year delay sanctioning a $16 billion LNG expansion in Papua New Guinea and the potential renegotiation of an already agreed deal after the resignation of Prime Minister Peter O’Neill, consultancy Wood Mackenzie has warned.

Page 25: The traditional binary lens through which we look at work and employment is no longer relevant, according to Expert360 cofounder and chief executive Bridget Loudon, who said there was mounting evidence that employees were rejecting the rigid nine-to-five grind.

 

 

The West Australian

Page 3: The newly elected Morrison Government has fired its first shots in the climate wars, warning WA’s environmental watchdog against going it alone to impose industry-destroying carbon rules.

Page 4: Aboriginal flags will fly permanently at all WA police stations as part of a new plan to better support officers and improve the force’s relationship with indigenous people.

A Perth council wants to be the first in Australia to weigh and digitally record the waste its residents are throwing out.

Page 6: Insolvency experts poring over Craig Rosendorff’s failed fine jewellery business have identified “irregularities” in the company’s accounts while sheeting home blame for the collapse to the mining downturn.

Page 8: Federal Liberal MP Ben Morton has vowed to make the Roe 8 extension an issue at the next State election as the WA Government’s plan to erase the project from the planning books faces a roadblock in the Upper House.

New Opposition Leader Anthony Albanese says he will get more jobs for West Australians by boosting infrastructure spending if he becomes prime minister at the next election.

Business: Seven West Media has deepened its commitment to newspapers, announcing yesterday that it has bought the 50.1 per cent of Community News owned by News Corp.

As Asian gas demand soars, Australian LNG players wanting to develop new gas fields will need to collaborate to compete against cheaper, earlier projects overseas, according to an independent research analyst.

Chinese group Ansteel’s buyout of the Karara magnetite project in the Mid West has been backed by an independent assessment that says the $25 million offer is priced at a premium.

A glut of Australian pigs and record high grain prices have taken their toll on WA’s biggest pig producer Westpork, which posted a $156,000 loss in fiscal 2018.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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