04/11/2019 - 07:03

Morning Headlines

04/11/2019 - 07:03

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Morning Headlines

Employers want non-union options for major projects

The resources industry wants uncapped terms for workplace agreements and pathways to non-union deals as part of a bid to strike-proof billions of dollars of infrastructure and resources projects. The Fin

China sale gets green light

Treasurer Josh Frydenberg personally ticked off on a Chinese state-owned entity buying a stake last month in the longstalled Oakajee Port and Rail project in WA’s Mid West. The West

Twiggy follows duo into fixed wireless play

Andrew Forrest’s Minderoo Foundation has taken a significant stake in privately-owned fixed wireless provider Cirrus Communications, which is seeking to disrupt the wider Australian telecommunications sector. The Fin

Taxman to pay in win for business

Small businesses and taxpayers unfairly or wrongly targeted by the Australian Taxation Office will have greater access to compensation under a beefed-up scheme that will also include an independent review process for an increasing number of complaints against the ATO. The Aus

High-skilled visa scheme to fasttrack residency

A new, specialised high-skilled migration scheme that will offer fast-tracked permanent residency to 5000 people a year, will target high-income earners with expertise in one of seven fields including fintech and space and advanced manufacturing. The Fin

Asian trade deal could omit India

The world’s largest proposed free trade deal, the 16-nation Regional Comprehensive Economic Partnership, could go ahead without key participant India after it put the kibosh on efforts to conclude negotiations today. The Fin

Aged care providers: we need help too

Private aged care operators hope that the Morrison government’s response to the interim report of the aged care royal commission will flow through into more taxpayer funding of residential facilities, not just in-home care. The Fin

News Corp lends to pay Foxtel debts

Foxtel has used cash borrowed from News Corp to help cover another multihundred-million-dollar debt repayment as the pay television business ramps up its push into streaming to fight off rivals Netflix and Stan and prepare for the imminent entry of Disney+. The Fin

Engineers lag market on supplier bills

Engineering and construction companies take an average of three months to pay their suppliers, bucking a broader trend of Australian companies paying creditors faster, according to an annual working capital survey by McGrathNicol Advisory. The Fin

Chevron gets kids STEM ready

Resources companies are increasingly getting on the front foot in the battle to create a suitable workforce of tomorrow, with Chevron bolstering its interaction with schools through a new eight-week workshop series. The West

 

 

The Australian Financial Review

Page 1: The world’s largest proposed free trade deal, the 16-nation Regional Comprehensive Economic Partnership, could go ahead without key participant India after it put the kibosh on efforts to conclude negotiations today.

Page 3: Arthur Sinodinos has anointed businessman, economist and former federal MP Peter Hendy to replace him in the Senate, ahead of Sunday’s preselection battle for which former senator Jim Molan is the favourite.

Page 4: A new, specialised high-skilled migration scheme that will offer fast-tracked permanent residency to 5000 people a year, will target high-income earners with expertise in one of seven fields including fintech and space and advanced manufacturing.

Page 6: The resources industry wants uncapped terms for workplace agreements and pathways to non-union deals as part of a bid to strike-proof billions of dollars of infrastructure and resources projects.

Page 10: Private aged care operators hope that the Morrison government’s response to the interim report of the aged care royal commission will flow through into more taxpayer funding of residential facilities, not just in-home care.

Page 12: China says it is moving closer to a deal with the United States that could end Donald Trump’s 18-month-long trade war after its top negotiator spoke to White House officials over the weekend.

Page 15: Westpac is at risk of cutting its dividend for the first time since the global financial crisis as low interest rates, weaker revenue and higher remediation charges force the bank into squeezing the beloved income stream of its shareholders.

Page 16: Andrew Forrest’s Minderoo Foundation has taken a significant stake in privately-owned fixed wireless provider Cirrus Communications, which is seeking to disrupt the wider Australian telecommunications sector.

Page 20: Foxtel has used cash borrowed from News Corp to help cover another multi-hundred-million-dollar debt repayment as the pay television business ramps up its push into streaming to fight off rivals Netflix and Stan and prepare for the imminent entry of Disney+.

Page 25: Engineering and construction companies take an average of three months to pay their suppliers, bucking a broader trend of Australian companies paying creditors faster, according to an annual working capital survey by McGrathNicol Advisory.

 

 

The Australian

Page 1: Small businesses and taxpayers unfairly or wrongly targeted by the Australian Taxation Office will have greater access to compensation under a beefed-up scheme that will also include an independent review process for an increasing number of complaints against the ATO.

Page 2: The leaked phone call between Malcolm Turnbull and Donald Trump in 2017 will become an important part of the looming presidential impeachment hearings in Washington, according to Mr Trump’s former chief strategist Steve Bannon.

Page  3: Doctors will have to ask the government for permission to prescribe a patient the antipsychotic drug risperidone for more than three months, as Health Minister Greg Hunt promises to take stronger action to stop the overreliance on chemical restraint in aged care.

Page 4: Anthony Albanese has lashed Scott Morrison for vowing to crack down on activist protesters targeting mining businesses, declaring it “very difficult to see how that could happen”.

Page 17: Australia’s top energy bosses have warned government policy interventions may harm critically needed investment in the power grid, while also conceding the industry’s own mistakes in failing to tackle high prices and falling public trust.

FlyBuys chief executive John Merakovsky is keeping a close eye on new, non-traditional challengers to his loyalty program provider, such as subscription service Amazon Prime, as the company’s new-found independence after the Coles demerger will see it pursue new growth initiatives and invest more in its technology platforms.

 

 

The West Australian

Page 4: Right-wing extremists are using online gaming forums including those with Australian members to make sick posts lauding Christchurch mosque mass-murderer Brenton Tarrant as a “hero” and giving vile tips for carrying out mass shootings.

Page 7: Animal rights activists will target Melbourne Cup Day festivities in Perth by protesting outside Ascot Racecourse.

Page 8: Scott Morrison has laid down the foundation of Australia’s future relationship with China during a one-on-one meeting with the nation’s second most powerful official overnight.

Treasurer Josh Frydenberg personally ticked off on a Chinese state-owned entity buying a stake last month in the long-stalled Oakajee Port and Rail project in WA’s Mid West.

Page 11: Controversial brain surgeon Charlie Teo has used a speech at a charity ball in Perth to accuse the medical fraternity of trying to destroy his reputation and vilify him and his family.

Page 14: Few mortgagors will tell you they have much love for their bank but amid a sea of offers of cheap home loan rates just one in 150 home loan customers bother to phone their bank and demand a better deal.

Page 18: Students across the State have the chance to share in a $100,000 prize pool after BHP and Seven West Media launched a major new competition to promote the value of STEM subjects.

Business: The economic growth-sapping rise in the Australian dollar after last week’s interest rate cut in the US has piled pressure on the Reserve Bank to again slash the official rate when it meets tomorrow.

Resources companies are increasingly getting on the front foot in the battle to create a suitable workforce of tomorrow, with Chevron bolstering its interaction with schools through a new eight-week workshop series.

The economic growth-sapping rise in the Australian dollar after last week’s interest rate cut in the US has piled pressure on the Reserve Bank to again slash the official rate when it meets tomorrow.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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