25/05/2021 - 06:58

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25/05/2021 - 06:58

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WA set for more deal flow

New corporate activity in WA’s red-hot mining services sector is on the horizon after a recent flurry of deals because conditions are ripe for transactions, says BDO Perth corporate finance partner Justin Boyce Cam. The West

Seven to fire starter’s gun on Boral offer

Kerry Stokes-controlled Seven Group is set to officially open its takeover offer for Boral today as the target’s share price leaves Boral’s 80,000 shareholders with little incentive to take it up. The Fin

Perth firm at heart of cardiac imaging

A Perth-based medical technology company that tackles the world’s biggest killer, heart disease, with AI-powered imaging software has raised $15 million from institutional investors. The Fin

Carrot and stick incentives needed to boost vaccine take-up

Lotteries, product discounts, free burgers and beers, text message nudges and time off work could all be adopted by Australian governments and companies to encourage people to get their COVID-19 jabs. The Fin

China price blitz raises iron ore threat

China has declared war on booming commodity prices by threatening to crack down on domestic traders and firms involved in speculation, collusion or hoarding in a ‘‘zero tolerance’’ campaign. The Fin

Blow-up over explosives as Russian duties dropped

Australia’s explosives and fertiliser majors, including Orica and Incitec Pivot, could face increased competition from Russian imports after the federal government ditched longstanding antidumping measures against ammonium nitrate imports. The Aus

Pipeliner wants ‘green gas’ target to mirror renewable goal

Setting a target for ‘‘renewable gas’’ that mirrors the Renewable Energy Target that kick-started the wind and solar power boom in Australia would help save as much as $14 billion by utilising existing gas infrastructure on the way to net zero emissions. The Fin

State rejects Palmer’s discrimination claim

The extraordinary legislation Western Australia introduced to kill off a $30 billion legal claim from Queensland billionaire Clive Palmer had nothing to do with the former MP’s state of origin, the state will argue. The Aus

Open and shut case for more shopping

Six out of 10 Perth residents now want weekend shopping hours extended — with a survey finding support for deregulation has flipped in the past decade and a half. The West

Rob Martin backs Dynamic

WA businessman Rob Martin will emerge with a 13.7 per cent stake in Dynamic Drill and Blast after the listed company struck a deal to acquire Orlando Drilling and raised $10 million to help fund the transaction. The West

 

 

The Australian Financial Review

Page 1: Federal Labor’s divisions have sharpened over income tax and energy policy, while NSW Opposition Leader Jodi McKay has been told to resign or be pushed, as the fallout from Saturday’s state by-election in Upper Hunter reverberates throughout the party at all levels.

China has declared war on booming commodity prices by threatening to crack down on domestic traders and firms involved in speculation, collusion or hoarding in a ‘‘zero tolerance’’ campaign.

Page 3: Crown Resorts’ bank accounts were still being used to facilitate money laundering as recently as February at its flagship Southbank casino in Melbourne, casting doubt on Crown’s ability to reform and rid its casinos of financial crime, the Victorian royal commission into the casino giant heard yesterday.

Improvements in Australian students’ academic performance in maths and science are being hampered by low levels of basic literacy and numeracy on starting school, too few subject-specific teachers and a growing divide between rich and poor, city and country, a report has found.

Lotteries, product discounts, free burgers and beers, text message nudges and time off work could all be adopted by Australian governments and companies to encourage people to get their COVID-19 jabs.

Page 6: A review commissioned by the Department of Infrastructure of its controversial Leppington Triangle land deal found no evidence of criminality and said the $30 million paid could have been less than if the acquisition had dragged through the courts.

Western Australia’s Labor government has ruled out giving traditional owners the power to veto mining activity, despite Indigenous leaders renewing calls for such power on the anniversary of Rio Tinto destroying Juukan Gorge.

Page 11: Setting a target for ‘‘renewable gas’’ that mirrors the Renewable Energy Target that kick-started the wind and solar power boom in Australia would help save as much as $14 billion by utilising existing gas infrastructure on the way to net zero emissions.

Page 13: Zip Co will invest more than $160 million to take full ownership of two buy now, pay later companies in which it has previously owned minority stakes as it seeks to expand its global presence in the sector.

Page 14: Property buyers have shrugged off Commonwealth Bank’s decision on Friday to dial up the rates of select fixed-term home loans, with nationwide clearance rates holding above 77 per cent.

Page 15: Kogan.com shareholders say cofounders Ruslan Kogan and David Shafer will have to work even harder to collect 6 million options they were issued last year as sales growth slows, costs rises and competition intensifies.

Kerry Stokes-controlled Seven Group is set to officially open its takeover offer for Boral today as the target’s share price leaves Boral’s 80,000 shareholders with little incentive to take it up.

A Perth-based medical technology company that tackles the world’s biggest killer, heart disease, with AI-powered imaging software has raised $15 million from institutional investors.

 

 

The Australian

Page 1: Australia is packing up its embassy in Kabul less than six weeks after the government announced it would pull its last 80 troops from Afghanistan and promised a “new chapter” in the bilateral relationship.

Page 5: Doctors say exempting people vaccinated against Covid-19 from interstate travel restrictions, a proposal to be taken by Scott Morrison to national cabinet next week, will encourage young people in particular to be immunised.

Page 6: The extraordinary legislation Western Australia introduced to kill off a $30 billion legal claim from Queensland billionaire Clive Palmer had nothing to do with the former MP’s state of origin, the state will argue.

Page 13: Australia’s explosives and fertiliser majors, including Orica and Incitec Pivot, could face increased competition from Russian imports after the federal government ditched longstanding antidumping measures against ammonium nitrate imports.

Page 15: Infant formula company Bubs Australia is planning to step up its exposure to the China market, despite increasing trade and political tensions between China and Australia, according to executive chairman Dennis Lin.

 

 

The West Australian

Page 4: There are no plans to make COVID-19 vaccinations available to younger West Australians sooner, despite teenagers in some other States and Territories being offered the jab.

Page 10: The return of Skyworks next year could be confirmed today after Perth Lord Mayor Basil Zempilas backed keeping the fireworks display on Australia Day.

Page 12: Six out of 10 Perth residents now want weekend shopping hours extended — with a survey finding support for deregulation has flipped in the past decade and a half.

Education researchers say children who begin primary school unable to recognise letters of the alphabet or numbers above 10 could be contributing to Australia’s poor showing in Year 4 maths.

More than 20 of Australia’s biggest employers have signed up to a family-friendly workplace initiative that sets standards around flexible work, paid parental leave and family wellbeing.

Business: WA investment house Viburnum has bought a 25 per cent stake in an Adelaide-based firm making a name for itself in helping mining companies deliver efficiency improvements.

Australia’s automotive industry is at a “revolutionary turning point” amid the transition to zero-emission vehicles, a report has found.

Lego Australia could open its first official Perth store by Christmas, tapping into the West Aussie craze for brick building.

The Australian Taxation Office is on the lookout for anyone trying to claim hefty working-from-home expenses while also maintaining or increasing claims for things like car, travel or clothing expenses.

New corporate activity in WA’s red-hot mining services sector is on the horizon after a recent flurry of deals because conditions are ripe for transactions, says BDO Perth corporate finance partner Justin Boyce Cam.

Mice numbers have increased in parts of rural WA, prompting calls for farmers to watch closely for further signs of the rodents to avoid a repeat of the horrific plague proportions gripping eastern Australia.

WA businessman Rob Martin will emerge with a 13.7 per cent stake in Dynamic Drill and Blast after the listed company struck a deal to acquire Orlando Drilling and raised $10 million to help fund the transaction.

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