BHP tipped to cut spending as rout bites
BHP Billiton is expected to slash capital spending again and deepen cost cutting to protect its dividend when it delivers on Tuesday its weakest annual profit in five years in the face of a rout in commodity prices. The Fin
GD Pork edges closer to piggery expansion
GD Pork is a step closer to its goal of dramatically expanding pig production in WA after gaining a tick of approval from the Department of Planning. The West
China, US angst erodes super
Australians face losing billions of dollars more from their superannuation accounts as global markets tumble amid concerns about China and the United States economies. The West
Barnett puts his troops on poll footing
Colin Barnett has defiantly vowed the Liberals will not surrender a single seat in 2017 as he put the party on an election footing with a pledge to broaden the economy in agriculture, aquaculture and shipbuilding. The West
Netflix boosting NBN revenue
The company building the National Broadband Network has more than doubled its revenue in the past year on the back of the explosive take-up of streaming video services such as Netflix, but ongoing complications with the build mean the mammoth infrastructure project is set to exceed its $41 billion budget. The Aus
SEEK hits jackpot in Swinburne Uni venture
Swinburne University of Technology’s online joint venture with SEEK is booming, with a 48 per cent increase in earnings in the 2014-15 year according to SEEK results released last week.
Page The Fin
Telstra dials into Asian healthcare
Telstra has launched its rapidly growing eHealth division into Asia, winning two key contracts worth tens of millions of dollars in Thailand and Malaysia. The Fin
The Australian Financial Review
Page 1: Business leaders have vowed to put short-term corporate interests aside and focus on long-term ways to boost productivity later this week at the first wide-ranging, non-partisan summit on economic reform to be held in Australia since the watershed gathering convened in the first year of the Hawke government three decades ago.
Income tax relief funded by billions of dollars in spending cuts will be confirmed by Treasurer Joe Hockey on Monday as a way of combating bracket creep and boosting economic growth.
Page 8: Australia needs more hotel rooms in major cities and more restaurants open on weekends and public holidays to better accommodate the increasing number of Chinese tourists, says China Southern Australia and New Zealand managing director Louis Lu.
Page 11: Swinburne University of Technology’s online joint venture with SEEK is booming, with a 48 per cent increase in earnings in the 2014-15 year according to SEEK results released last week.
Page 13: BHP Billiton is expected to slash capital spending again and deepen cost cutting to protect its dividend when it delivers on Tuesday its weakest annual profit in five years in the face of a rout in commodity prices.
Telstra has launched its rapidly growing eHealth division into Asia, winning two key contracts worth tens of millions of dollars in Thailand and Malaysia.
Page 15: Qantas Airways has injected cash into its loss-making Jetstar Japan venture for the second time in less than two months, with the latest ¥5 billion ($55 million) commitment boosting its total investment in the carrier to $215 million.
Page 18: Rich-lister Chris Ellison, who has seen a bust or two in his more than 30 years in the resources industry, says ‘‘the world has changed’’ and innovation is key to survival as the future of several Australian iron ore miners reaches a crossroads.
Page 29: The chief executives of CarSales, SEEK, REA and Fairfax Media have joined the growing chorus of media bosses calling upon the government to make Google, Facebook and other offshore giants charge GST on their digital advertising.
The Australian
Page 1: The Abbott government will take options for personal income tax cuts to next year’s election, with the multi-billion-dollar cost to be covered by reductions in spending.
Page 2: The government faces a push to change superannuation tax rules to allow people with broken work histories — particularly mothers — to make catch-up payments to boost their retirement incomes.
Page 3: Almost two-thirds of Australian students are being trained for jobs that will vanish or look completely different in the future, a statistic that is “deeply alarming” and warrants the “serious” assessment of the vocational education sector.
Page 17: Investors face heightened risk aversion after China’s weak manufacturing data and worsening stockmarket correction sparked the biggest falls in US and European equity markets since 2011.
Iain Nairn, the chief executive of upmarket department store David Jones, isn’t waiting around for Canberra to get on with the important job of fiscal reform and will “make his own luck” by expanding the retailer’s earnings no matter what the ups and downs of the broader economy.
Page 19: The company building the National Broadband Network has more than doubled its revenue in the past year on the back of the explosive take-up of streaming video services such as Netflix, but ongoing complications with the build mean the mammoth infrastructure project is set to exceed its $41 billion budget.
iiNet will cease trading as an independent internet service provider this afternoon after more than 15 years on the ASX and an impressive run in which the company grew into the third-largest broadband provider in the nation.
Page 21: Shopping centre landlord Scentre Group, which controls more than $40 billion worth of malls in Australia and New Zealand, is planning a management overhaul as it prepares for its interim results tomorrow.
The West Australian
Page 1: Thousands of pregnant women in WA are shunning a free vaccine that would almost completely protect their newborn babies from whooping cough.
Page 5: Taxpayer-owned electricity distributor Western Power could sell its extensive vehicle fleet as part of expanded moves to pay down record State debt.
Page 6: Colin Barnett has defiantly vowed the Liberals will not surrender a single seat in 2017 as he put the party on an election footing with a pledge to broaden the economy in agriculture, aquaculture and shipbuilding.
Page 7: WA’s peak union body has vowed to resist moves by the Barnett Government to cut penalty rates as part of broader efforts to deregulate Sunday trading.
Page 16: A State parliamentary inquiry has criticised WA’s “confusing” and “complex” land-clearing laws, claiming they financially disadvantage farmers and landowners.
Business: Local fertiliser producer CSBP has formed an alliance with Google in an effort to give WA farmers fresh insight into how their paddocks are performing.
Australians face losing billions of dollars more from their superannuation accounts as global markets tumble amid concerns about China and the United States economies.
GD Pork is a step closer to its goal of dramatically expanding pig production in WA after gaining a tick of approval from the Department of Planning.