WTC plans Perth twin towers
Middle Eastern-backed group World Trade Centres Holdings is believed to be planning one of Perth’s largest towers, angling to buy the former Myer Megamart site on the fringe of the city’s CBD in a deal worth about $50 million. The Aus
Pilbara left with boom hangover
The extent of the challenge faced by post-boom WA is beginning to emerge in the Pilbara, with empty homes, big debts and taxpayer-funded white elephants. The West
Air NZ looks to exit Virgin
Virgin Australia could emerge as a takeover target from shareholders Etihad Airways or Singapore Airlines after Air New Zealand flagged its intention to exit the carrier through the sale of its $311 million holding. The Aus
States resist Turnbull offer to tax incomes
Key states have rejected a proposal by Malcolm Turnbull to let them individually levy their own income tax to fund health and education, but the Prime Minister said it was the only way to end the age-old funding squabbles with the states. The Fin
BAM-Clough hit with $36m Wheatstone suit
Engineering company Clough and a partner have been hit with a $36 million lawsuit by a subcontractor over construction work on Chevron’s Wheatstone LNG project. The West
InterOil board under pressure from ex-CEO
Phil Mulacek, founder and ex-chief executive of InterOil, has sought to reassert his influence on the aspiring Papua New Guinea LNG player by requesting shareholders vote on proposals to reduce the board and give shareholders the ability to veto deals. The Fin
Roy Hill iron bound for China
The first shipment of iron ore from Gina Rinehart’s $10 billion Roy Hill mine arrives in China next week, another milestone in a project that began more than 20 years ago. The Aus
ANZ to refund 25,000 low-income customers over error
ANZ will refund $5 million to 25,000 vulnerable, low-income customers with basic bank accounts after it charged incorrect late-payment and over-limit fees during seven years. The Fin
The Australian Financial Review
Page 1: Key states have rejected a proposal by Malcolm Turnbull to let them individually levy their own income tax to fund health and education, but the Prime Minister said it was the only way to end the age-old funding squabbles with the states.
Page 3: Teenagers are amassing six and seven figure superannuation balances in what Industry Super Australia claims is evidence of potential misuse of the system to shift wealth between generations.
Page 4: States with higher income earners such as the ACT and Western Australia could be the winners in a fundamental overhaul of income tax collection, while people living in South Australia and Tasmania would be the losers.
Page 6: The union movement will seek a $30 a week minimum wage increase for 1.86 million low-paid workers from July 1, almost double the amount last awarded by the Fair Work Commission.
Page 8: EY is on track to grow more than 10 per cent this financial year, according to global chief executive and chairman, Mark Weinberger.
Page 14: The Australian Navy has indicated it sees a range of unmanned aerial vehicles as a way of greatly extending the range and performance of its patrol and combat functions over the huge area of ocean surrounding Australia.
Page 15: The ASX will lose its monopoly over processing share trades in about 18 months, giving it time to introduce blockchain technology that could render clearing virtually obsolete.
Almost $9 billion in dividends will be paid to investors this week, and much of it will end up back in the sharemarket despite its volatility, fund managers say.
Page 17: Phil Mulacek, founder and ex-chief executive of InterOil, has sought to reassert his influence on the aspiring Papua New Guinea LNG player by requesting shareholders vote on proposals to reduce the board and give shareholders the ability to veto deals.
Page 18: ANZ will refund $5 million to 25,000 vulnerable, low-income customers with basic bank accounts after it charged incorrect late-payment and over-limit fees during seven years.
Page 21: Nine Entertainment chief executive Hugh Marks has urged the Turnbull government to formulate a clear road map for comprehensive media reform that should include a review of public broadcasters ABC and SBS.
The Australian
Page 2: Two of Australia’s biggest banks, ANZ and NAB, have been drawn into a Singaporean money laundering investigation into the 1MDB scandal, in which the Prime Minister of neighbouring Malaysia, Najib Razak, has been accused of stealing $US1bn from the country’s sovereign wealth fund.
Page 4: Senior bureaucrats had already signed off on possible candidates for the Australia Post board when advisers to Communications Minister Mitch Fifield suggested the list include conservative powerbroker Bruce McIver, government documents reveal.
Page 7: Private health insurers have warned that the federal government’s funding battle with the states must address the increasing cost shift from public hospitals to the private sector, arguing it could reduce premiums.
Page 19: Virgin Australia could emerge as a takeover target from shareholders Etihad Airways or Singapore Airlines after Air New Zealand flagged its intention to exit the carrier through the sale of its $311 million holding.
Page 20: The first shipment of iron ore from Gina Rinehart’s $10 billion Roy Hill mine arrives in China next week, another milestone in a project that began more than 20 years ago.
Technology entrepreneur Simon Hackett is betting big on batteries, tackling Tesla head-on with a 10 kilowatt hour battery for Australian homes.
Page 26: Dexus has unveiled a “best and final offer” for the Investa Office Fund, adding a $43 million sweetener in the hopes of closing the long-awaited deal.
Page 27: Middle Eastern-backed group World Trade Centres Holdings is believed to be planning one of Perth’s largest towers, angling to buy the former Myer Megamart site on the fringe of the city’s CBD in a deal worth about $50 million.
The West Australian
Page 1: The extent of the challenge faced by post-boom WA is beginning to emerge in the Pilbara, with empty homes, big debts and taxpayer-funded white elephants.
Page 3: Pregnant women who have the influenza vaccine cut their risk of having a stillborn baby by more than half, according to a major new study by the WA Health Department.
Page 12: Colin Barnett says the city of Perth will become a greater focus of WA’s tourism marketing efforts, declaring Government and private investments in new infrastructure meant the city was now “sparkling”.
Business: Top Perth barrister Malcolm McCusker claims the rule of law could be undermined by the State Government using Parliament to buttress its $1.7 billion seizure of Bell Group assets.
Engineering company Clough and a partner have been hit with a $36 million lawsuit by a subcontractor over construction work on Chevron’s Wheatstone LNG project.
Interest in the area around Pilbara Minerals’ Pilgangoora lithium project has gained momentum, with Sayona Mining yesterday picking up two more tenements in the area, south of Port Hedland.
Real estate developer Edge Visionary Living will appeal a Supreme Court decision in February which scuppered its plans for a high-rise apartment project in South Perth and forced the development industry to recalibrate the residential and commercial mix of future South Perth developments.
