23/09/2015 - 06:46

Morning Headlines

23/09/2015 - 06:46

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Perth-based AFL fans have snapped up 10,000 corporate hospitality tickets for the upcoming grand final, even though the West Coast Eagles and Fremantle are not guaranteed to qualify. The Fin

WA businessman to sell core city tower

A company associated with one of WA’s wealthiest businessmen, Nick Tana, has put a Perth office tower on the market, with industry sources indicating it could sell for between $90 million and $95 million. The Fin

TPG determined to expand NBN rival

TPG Telecom says it will press on with the construction of a service that competes against the $56 billion national broadband network despite tough regulations imposed by the federal government that will force TPG to separate the wholesale and retail divisions and make it less profitable. The Fin

WA war council to push shipbuilding

WA industry and Government have formed a war council to ensure the State gets a big slice of future Commonwealth shipbuilding work, especially the multibillion-dollar patrol boat contract. The West

Northern Star in bid to parlay success in west

Gold miner Northern Star Resources says it will increase its output by as much as 30 per cent in the next two years as it looks to capitalise on recent exploration success across its suite of Western Australian gold mines. The Aus

Hunt hands olive branch to renewables

Environment Minister Greg Hunt says the renewables industry should feel ‘‘very supported’’ under Prime Minister Malcolm Turnbull, after they complained of investment instability fuelled by Tony Abbott’s hostility towards the sector. The Fin

Jail me and look like jokers, spud king says

Tony Galati has raised the prospect of WA authorities becoming an international laughing stock by jailing him for growing too many potatoes. The West

 

 

The Australian Financial Review

Page 1: Consumer confidence has vaulted to levels not seen since Labor was thrown out of office in 2013, putting pressure on Malcolm Turnbull and his new team to keep it high by implementing economic reforms.

Page 5: Environment Minister Greg Hunt says the renewables industry should feel ‘‘very supported’’ under Prime Minister Malcolm Turnbull, after they complained of investment instability fuelled by Tony Abbott’s hostility towards the sector.

Page 9: Perth-based AFL fans have snapped up 10,000 corporate hospitality tickets for the upcoming grand final, even though the West Coast Eagles and Fremantle are not guaranteed to qualify.

Page 13: TPG Telecom says it will press on with the construction of a service that competes against the $56 billion national broadband network despite tough regulations imposed by the federal government that will force TPG to separate the wholesale and retail divisions and make it less profitable.

Page 15: Global mining giant BHP Billiton has announced its intentions to issue hybrid capital, revealing plans to conduct a global road-show aimed at marketing half debt-half equity securities.

Page 16: Smaller lenders have led the race to cut interest rates on new owner-occupier mortgages as some have slashed advertised rates by twice the Reserve Bank’s reductions over the last year, new figures show.

Page 18: Convenience store giant 7-Eleven’s wage fraud scandal has led to at least one franchisee ‘‘abandoning’’ a store and flying home to China as franchisees struggle to pay full wages.

Page 27: Woolworths needs to spend an extra $200 million a year revamping its weary supermarkets if it wants revive its fortunes, one retail analyst says.

Page 35: A company associated with one of WA’s wealthiest businessmen, Nick Tana, has put a Perth office tower on the market, with industry sources indicating it could sell for between $90 million and $95 million.

 

 

The Australian

Page 4: Frustration among drug companies with Australia’s Pharmaceutical Benefits Scheme has reached boiling point with more than 80 per cent revealing they are considering withdrawing lifesaving medications from the system during the next two years.

Western Australian Chief Justice Wayne Martin has described the number of female appointments to the judiciary as “tragically” low, saying that over the past decade only one of the 18 judges appointed to the state’s Supreme Court was a woman.

Page 8: Malcolm Turnbull’s decision to create a Ministry for Cities and the Built Environment, headed by Jamie Briggs, has been welcomed by urban developers and transport planners across the nation.

Page 19: Foreign takeovers are heading for a banner year in 2015 as the combination of a lower dollar and a falling sharemarket push companies into the target zone for offshore acquirers.

Tough times in the leisure travel sector have not stopped Flight Centre aggressively acquiring companies, with the listed group in negotiations to purchase five separate travel groups, here and internationally.

Page 20: Gold miner Northern Star Resources says it will increase its output by as much as 30 per cent in the next two years as it looks to capitalise on recent exploration success across its suite of Western Australian gold mines.

Page 21: Virgin Australia has hit back at a Qantas attempt to muddy its plan to use low-cost subsidiary Tigerair on routes to Bali, with accusations its bigger rival does not understand the legislative framework surrounding international operations.

 

 

The West Australian

Page 3: Changes to the Barnett Government’s ministerial code of conduct have been delayed after an angry performance by Transport Minister Dean Nalder in Monday’s Cabinet meeting.

Page 4: WA industry and Government have formed a war council to ensure the State gets a big slice of future Commonwealth shipbuilding work, especially the multibillion-dollar patrol boat contract.

Page 11: Some of WA’s leading business people have called on the State Government to take more than 1000 Syrian refugees as the world struggles with the biggest number of displaced people since World War II.

Page 18: The value of visitor centres to the State’s tourism industry has been reinforced by research showing that holidaymakers spend an extra $104 in WA after going to one.

Business: Tony Galati has raised the prospect of WA authorities becoming an international laughing stock by jailing him for growing too many potatoes.

The founder of failed WA highflier Chemeq has admitted to “some apprehensions” at his return to the listed sector at the head of a $5 million float.

Construction in WA is expected to nearly halve by about $26 billion over five years because of the collapse in resources investment, a report has found.

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