15/06/2020 - 06:58

Morning Headlines

15/06/2020 - 06:58

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World Cup the goal as State scores elite soccer centre

Soccer is getting a new WA home with southern suburb Queens Park to host a $32.5 million elite State Football Centre at Maniana Park. The West

Premier a real crowd-pleaser

Mark McGowan has opened the door to AFL football being played in front of a packed Optus Stadium when the game heads to a Perth hub this season, saying WA would exercise its own “discretion” when it came to crowd sizes. The West

Mining millions in trusts ‘misused’

Charitable trusts holding potentially hundreds of millions of dollars in mining royalties are being gouged when they could instead be used to help lower indigenous incarceration rates and for more much-needed justice reinvestment programs, according to West Australian Attorney-General John Quigley. The Aus

Crisis push to fast track big projects

Federal and state governments will fast track approvals for 15 major infrastructure projects, including the Brisbane-Melbourne inland rail and an electricity interconnector to Tasmania, as part of the push to kickstart the economic recovery from the coronavirus recession. The Fin

Bosses face tough job in convincing office staff to return

Half of workers are not looking forward to returning to the office and two-thirds say they will not feel safe being back in the workplace when COVID-19 restrictions lift. The Fin

Higher super will cost jobs: Industry Super

Higher superannuation will come at a cost to workers through fewer jobs or lower wages, according to research conducted by union-backed fund lobby group Industry Super Australia. The Fin

Economic worries trump health fears

Fears of falling ill with coronavirus have receded and been replaced by rising concerns about the impact on the economy, according to research conducted by National Australia Bank. The Fin

AAP deal expected to be finalised this week

A deal to rescue the Australian Associated Press newswire is expected to be finalised by the middle of this week. The Fin

Perenti shores up balance sheet

Perenti Global is understood to have quietly undergone a refinancing of a sizeable amount of its debt in the past fortnight, staving off fears of an imminent equity raising. The Aus

Postie boss pleads to keep Covid relief

Australia Post boss Christine Holgate has guaranteed no forced redundancies and no staff pay cuts in a last-ditch plea to prevent a temporary COVID-19 relief package being overturned by parliament. The Aus

 

 

The Australian Financial Review

Page 1: Federal and state governments will fast track approvals for 15 major infrastructure projects, including the Brisbane-Melbourne inland rail and an electricity interconnector to Tasmania, as part of the push to kickstart the economic recovery from the coronavirus recession.

One of the two remaining bidders for Virgin Australia, Wall Street hedge fund Cyrus Capital Partners, has downplayed the administrator’s call for more government support as it pushes a mid-market model for the relaunched airline.

Page 3: Half of workers are not looking forward to returning to the office and two-thirds say they will not feel safe being back in the workplace when COVID-19 restrictions lift.

Page 4: Company directors have called on the government to ban shareholder class actions, saying the corporate regulator should be the sole enforcer of continuous disclosure laws.

Page 6: Higher superannuation will come at a cost to workers through fewer jobs or lower wages, according to research conducted by union-backed fund lobby group Industry Super Australia.

Page 7: Fears of falling ill with coronavirus have receded and been replaced by rising concerns about the impact on the economy, according to research conducted by National Australia Bank.

Page 8: More than 60 per cent of business travellers expect to take a domestic work trip within the next three months, and 72 per cent expect to head offshore within 12 months.

Government-owned Middle Eastern carriers such as Qatar Airways scooped up the small volume of international traffic out of Australia in the month of April after Qantas and Virgin Australia were forced to cancel international flights until the routes become commercially viable.

Page 9: The economic recovery from the coronavirus pandemic is a once-in-a-generation opportunity to fix key structural obstacles to women’s participation in the workforce, including those posed by the childcare and industrial relations systems, a research paper says.

Page 12: Universities face turning away hundreds of thousands of students next year as applications to study surge but available places remain fixed, as the pandemic hits employment and higher education policy.

Page 13: Australian investors will be looking for further signs an economic recovery is under way when key employment and preliminary retail sales data are released this week.

Page 15: A deal to rescue the Australian Associated Press newswire is expected to be finalised by the middle of this week.

Page 18: Jack Cowin-backed start-up v2food has secured a partnership with Deliveroo, which will involve more than 70 restaurants offering plant-based meat versions of their most popular dishes this week.

 

 

The Australian

Page 1: Australia’s Collins-class submarines will need a multi-billion dollar refit to keep them active for another decade due to the delayed rollout of the next-generation French submarines, which won’t be ready for operational service until the mid-2030s.

Page 2: Charitable trusts holding potentially hundreds of millions of dollars in mining royalties are being gouged when they could instead be used to help lower indigenous incarceration rates and for more much-needed justice reinvestment programs, according to West Australian Attorney-General John Quigley.

The Morrison government will look to safeguard the future of oil refining and regain sovereignty over petrol supplies amid concern Australia’s fuel stocks remain vulnerable to an energy crisis.

Page 3: Australia Post boss Christine Holgate has guaranteed no forced redundancies and no staff pay cuts in a last-ditch plea to prevent a temporary COVID-19 relief package being overturned by parliament.

Page 6: Flawed regulation of class actions has allowed lawyers and litigation funders to pocket the lion’s share of payouts while the amount left for their clients has plummeted.

Page 8: Animal rights groups say the federal Agriculture Department has set a dangerous precedent by allowing an almost fully loaded sheep ship to sail into the Middle Eastern summer two weeks after a mandatory live export ban came into effect.

Page 9: Atlanta’s police chief has resigned hours after a black man was fatally shot by an officer in a struggle following a failed sobriety test.

Page 13: Australia should prepare for a “staircase-type” economic recovery rather than a strong rebound in activity, as near-term growth is curtailed by factors including a lack of international travel and fewer overseas students.

Page 14: Perenti Global is understood to have quietly undergone a refinancing of a sizeable amount of its debt in the past fortnight, staving off fears of an imminent equity raising.

Page 15: The vast majority of medium-sized Australian businesses are confident they will be able to recover from the economic devastation of the coronavirus in a matter of months, a KPMG study has found.

The federal government has given grants worth almost $1.5m to enable four businesses to make the pivot to producing prerequisites and personal protective equipment in Australia.

 

 

The West Australian

Page 1: Prime Minister Scott Morrison will today unveil his plan to generate thousands of West Australian jobs through major road, rail and iron ore projects.

Page 4: Mark McGowan has opened the door to AFL football being played in front of a packed Optus Stadium when the game heads to a Perth hub this season, saying WA would exercise its own “discretion” when it came to crowd sizes.

Page 9: The Federal Government is investing $35 million into 42 national indigenous health projects, Health Minister Greg Hunt says.

Page 14: Abolishing State driver’s licences in favour of a single national system will help slice through bureaucratic red tape in the COVID-19 recovery, says Anthony Albanese.

Business: Uncertainty surrounding the looming September “cliff” when billions of dollars in fiscal stimulus comes to an end is damaging Australia’s economic recovery and needs to be addressed now, experts warn.

Russia’s state development bank wants to start turning the world’s biggest energy exporter into a hub for green finance days after a 20,000-tonne diesel spill in the nation’s far north.

Home builders appear to be raising prices after the recent State and Federal stimulus announcements, with prospective buyers concerned it will erode the value of the cash grants.

WA home builders and large-scale renovation companies may be looking forward to a post-coronavirus bump thanks to more than $1 billion of government support packages but smaller trade businesses say they have been left out in the cold.

WA should look to batteries to power the State’s post-coronavirus recovery.

Well-to-do families across Hong Kong are opening offshore bank accounts and applying for alternative passports.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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