Barnett insists on Browse
Colin Barnett has paved the way for WA’s first re-gasification plant, off the coast of Perth or the South West, to satisfy the State’s demands for the Woodside Petroleum-led Browse consortium to supply the domestic gas market. The West
Third of NBN not working
About 118,000 homes and businesses that should be connected to the national broadband network can’t use the service because of defective fibre connections. The Fin
ASIC still hasn’t paid FMG bill
The cash-strapped corporate regulator is yet to hand over at least $15 million it owes to Fortescue Metals Group and the miner’s billionaire chairman Andrew Forrest more than 18 months after it suffered a disastrous defeat in the High Court. The Aus
Palmer quits flagship company board but the problems won’t go away
Clive Palmer has quietly quit as a director of his flagship company Mineralogy and two other major entities amid a forensic financial investigation by China’s international investment company into where more than $12 million of its funds went in the weeks before the federal election. The Aus
Coles fields Vintage Cellars bids
The Wesfarmers -owned Coles supermarket and liquor group has received approaches from private equity buyers wanting to buy the Vintage Cellars liquor chain for up to $300million. The Fin
Nexus ‘rejected better offer from Seven’
Embattled takeover target Nexus Energy is understood to have knocked back a much higher approach from Seven Group Holdings before looming debt deadlines and a production outage led the board to accept a lower deal. The Aus
WA, NSW fertile ground for debutant Monash IVF
WA will be an expansion focus for fertility business Monash IVF Group, which yesterday kicked off its $316 million float. The West
The Australian Financial Review
Page 1: About 118,000 homes and businesses that should be connected to the national broadband network can’t use the service because of defective fibre connections.
Australia’s big iron ore miners are unfazed by the price crash for the commodity, caused in part by their production ramp-ups, because it is likely to force higher-cost producers out of the market and strengthen their position in the global market.
Page 6: Cracks have emerged in the federal government over the budget with tensions between Liberal and National MPs over fuel tax and Malcolm Turnbull admitting a range of budget measures are unpopular.
Page 7: Treasurer Joe Hockey has slammed the Fair Work Commission’s decision to lift the minimum wage, saying there is no doubt it will cost jobs.
Four companies from China’s southern island province of Hainan have signed up for trial shipments of Western Australian live cattle in a further sign of the country’s surging demand for high quality beef.
Page 11: Western Australia is relying on busy home builders and a promising start to the winter crop season to spark activity in the post-iron ore boom economy.
Page 13: The Wesfarmers -owned Coles supermarket and liquor group has received approaches from private equity buyers wanting to buy the Vintage Cellars liquor chain for up to $300million.
The outgoing head of the country’s third-biggest energy retailer has accused the competition regulator of standing in the way of urgently needed consolidation between power plant owners that would allow the closure of high-polluting, surplus capacity.
GrainCorp executive chairman Don Taylor says grain growers may not receive a single cent from the company’s $200 million country grain network investment unless state and federal governments improve eastern Australia’s decaying rail network.
Page 16: Santos has become embroiled in another environmental controversy involving its coal seam gas operations in NSW where it is battling local and environmental opposition to a $2 billion development project.
Lachlan Murdoch has denied he wants to sell Nova Entertainment, despite investment banks spruiking the radio business among media companies.
Page 21: The operator of a massive uranium mine in Kakadu National Park has been given the green light to get the mine running again after a toxic spill.
The Australian
Page 1: Labor’s nanny state push to kill off the country’s addiction to cigarettes with plain packaging has backfired, with new sales figures showing tobacco consumption growing during the first full year of the new laws.
Clive Palmer has quietly quit as a director of his flagship company Mineralogy and two other major entities amid a forensic financial investigation by China’s international investment company into where more than $12 million of its funds went in the weeks before the federal election.
Page 5: The ABC’s deal with China’s Shanghai Media Group is one of at least 40 similar partnerships the Chinese media company has with international broadcasters.
Page 6: Labor’s first indigenous federal MP, Nova Peris, has written to Tony Abbott imploring him to dump changes to the Racial Discrimination Act, arguing that they would condemn the referendum to acknowledge indigenous Australians in the constitution to failure.
Page 21: The cash-strapped corporate regulator is yet to hand over at least $15 million it owes to Fortescue Metals Group and the miner’s billionaire chairman Andrew Forrest more than 18 months after it suffered a disastrous defeat in the High Court.
Embattled takeover target Nexus Energy is understood to have knocked back a much higher approach from Seven Group Holdings before looming debt deadlines and a production outage led the board to accept a lower deal.
Page 23: Westfield Retail Trust’s largest shareholder, UniSuper, has challenged one of the key claims made about the risks of rejecting a controversial $70 billion restructure plan as opposing factions stepped up campaigns to win over investor votes.
The West Australian
Page 1: A Chinese company wants to trade on WA’s reputation for clean and green food by building a flour mill near Perth to make noodles for children.
Page 6: Treasurer Joe Hockey has warned that a 50¢ an hour increase in the minimum wage could hit the job prospects of millions of Australians.
Page 10: Allies of Malcolm Turnbull have questioned if he is being undermined from within coalition ranks after the Communications Minister got into a spectacular on-air spat with Sydney shock jock Alan Jones.
Page 12: Premier Colin Barnett has accused his WA Federal Liberal colleagues of failing to make sufficient noise about reforming the goods and services tax since the election of the Abbott Government.
Page 16: The State Government is facing a revolt over increases to the landfill levy, with one of WA’s biggest builders arguing it will add up to $1500 to the cost of an average new home.
Business: Colin Barnett has paved the way for WA’s first re-gasification plant, off the coast of Perth or the South West, to satisfy the State’s demands for the Woodside Petroleum-led Browse consortium to supply the domestic gas market.
Amcom Telecommunications will use $40 million raised this week to target tech businesses in a planned east coast expansion.
Investor expectation is building as Sundance Resources heads to the finish line of a defining period in its eight-year history as an African iron ore hopeful.
WA appears set to get its first full-scale waste to energy plant after the Federal Government’s renewable energy bank agreed to lend the proponents $50 million.
WA will be an expansion focus for fertility business Monash IVF Group, which yesterday kicked off its $316 million float.
