25/09/2015 - 07:08

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25/09/2015 - 07:08

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Austal willing to consider SA shipyard

The head of Australia’s only major listed shipbuilder, Perth-headquartered Austal, says the company would consider buying a shipyard in South Australia if it meant securing a portion of multibillion-dollar defence contracts. The Fin

Chevron nod for more beds

Chevron has received planning approval to enable it to increase its Wheatstone construction workforce near Onslow to more than 9000, which will further spark industry chatter the $US29 billion ($41.5 billion) LNG project is struggling to stick to its budget and schedule. The West

Deal takes WA farmers’ branded products to Chinese markets

WAFarmers has formed a partnership with a Chinese company to export milk and honey carrying its brand. The West

Iron ore ‘stuck’ as WA writhes

Western Australian Treasurer Mike Nahan has warned that there are difficult economic times ahead for the resources rich state, despite a modest improvement in its financial standing. The Fin

Karratha Airport’s $35 million expansion is money ‘spent well’

At first look it sounds like a typical tale of badly-mistimed investment in infrastructure: the opening a $35 million expanded terminal at Karratha Airport in Western Australia’s Pilbara region two years after passenger traffic peaked during the resources boom and then fell rapidly. The Fin

ACCC accuses Woolies, Aldi of code breach

Only six months after the landmark Food and Grocery Code of Conduct was supposed to usher in a truce between the nation’s supermarket giants, suppliers and the competition regulator there has been an outbreak of hostilities, with the regulator accusing Woolworths and Aldi of pressuring suppliers over new deals. The Aus

Queries over Water Corp asset sale

The Water Corporation’s construction and engineering division was sold for $10.4 million but preparing it for sale cost at least $4.6 million, raising questions about the value to taxpayers of the privatisation, according to shadow water minister Dave Kelly. The West

 

 

The Australian Financial Review

Page 1: Treasury head John Fraser says Australia is such a stable and peaceful society, especially the public service-dominated Canberra, that Australians have become complacent about their declining wealth.

Page 2: At first look it sounds like a typical tale of badly-mistimed investment in infrastructure: the opening a $35 million expanded terminal at Karratha Airport in Western Australia’s Pilbara region two years after passenger traffic peaked during the resources boom and then fell rapidly.

Page 3: The Reserve Bank of Australia will need to cut the cash rate to 1.5 per cent next year because the confidence boost from last week’s leadership change and a lower dollar won’t be enough to lower the 6.2 per cent jobless rate, ANZ Bank economists said.

Page 5: New Tourism Minister Richard Colbeck will consider the growing impact of sharing-economy businesses, such as Uber and Airbnb, on the sustainability of the domestic tourism industry as one of his priorities.

Page 9: Western Australian Treasurer Mike Nahan has warned that there are difficult economic times ahead for the resources rich state, despite a modest improvement in its financial standing.

Page 11: Tax experts rejected claims by the Australian Council of Social Services that a reform package that cut income taxes but raised the GST would not provide much of a boost to the economy.

Page 12: The head of Australia’s only major listed shipbuilder, Perth-headquartered Austal, says the company would consider buying a shipyard in South Australia if it meant securing a portion of multibillion-dollar defence contracts.

Page 13: Under-pressure energy producer Santos faces a battle to generate strong profits from its $18.5 billion Gladstone liquefied natural gas project due to the crash in oil prices as it prepares to ship its first gas to customers in Asia next week.

Page 15: Aurizon shareholders expect new chairman Tim Poole to return more capital to investors and be more careful about pursuing growth projects after taking over from John Prescott earlier this month.

Page 18: Brickworks managing director Lindsay Partridge said the east coast home building boom shows no sign of slowing down as he slammed the rostered workers’ day off for hurting the construction industry’s competitiveness.

Page 23: 7-Eleven’s payroll system up until a few years ago allowed franchisees to pay whatever rate they liked even if it was below the legal minimum, a Senate hearing has heard.

 

 

The Australian

Page 1: Japan has revealed it is willing and able to build the navy’s new submarines in Australia, and believes winning the contract will strengthen the strategic relationship between the two allies.

Page 2: Transfield Services is fending off a fresh assault on its human rights record after admitting an assault has been reported at its Nauru detention centre every five days for the past three years.

Page 4: Australia is playing a dangerous game delaying ratification of the China-Australia free-trade agreement and those attacking aspects of the deal risk seeing it unravel, the head of consultancy giant PricewaterhouseCooper’s Asia practice has warned.

Page 19: Macquarie Group has installed Peter Warne as its next chairman, a job that will likely see him oversee the eventual appointment of a successor to chief Nicholas Moore.

Page: 21: Only six months after the landmark Food and Grocery Code of Conduct was supposed to usher in a truce between the nation’s supermarket giants, suppliers and the competition regulator there has been an outbreak of hostilities, with the regulator accusing Woolworths and Aldi of pressuring suppliers over new deals.

Grape growers will be forced to abandon their vineyards before next season without urgent reform to the wine equalisation tax rebate, a Senate inquiry was told.

Resource services company Sedgman has been awarded a contract with BHP Billiton’s iron ore division for structural, mechanical, electrical and commissioning works at the Jimblebar iron ore mine in the Pilbara.

The arrival of Jetstar International’s final Airbus A330 service in Australia today marks the end of a two-year transformation of its widebody fleet and a new milestone for the Boeing 787-8 Dreamliner.

 

 

The West Australian

Page 1: WAFarmers has formed a partnership with a Chinese company to export milk and honey carrying its brand.

Page 3: Complaints about councillor conduct in WA have more than trebled to hit a four-year high.

Page 11: WA has officially recorded its first operating deficit in 15 years but the final figure of $431 million is not as bad as the $1.3 billion predicted at Budget time in May.

Page 14: The Water Corporation’s construction and engineering division was sold for $10.4 million but preparing it for sale cost at least $4.6 million, raising questions about the value to taxpayers of the privatisation, according to shadow water minister Dave Kelly.

Page 28: Domestic airline traffic in Australia eased about one per cent in the past financial year as the downturn in the resources sector affected corporate and private spending, a government report reveals.

Business: Chevron has received planning approval to enable it to increase its Wheatstone construction workforce near Onslow to more than 9000, which will further spark industry chatter the $US29 billion ($41.5 billion) LNG project is struggling to stick to its budget and schedule.

S2 Resources boss Mark Bennett says drill rigs will begin spinning again next week at its Baloo gold project south of Kalgoorlie-Boulder after a forced lay-off while Independence Group took over Sirius Resources.

Inpex this week celebrated the launch from a floating dock of the Ichthys central processing facility, in the Geoje shipyard in South Korea.

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