11/04/2016 - 06:27

Morning Headlines

11/04/2016 - 06:27

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PM woos WA with $490m of infrastructure

Ahead of a visit to Western Australia on Monday, Mr Turnbull announced on Sunday that the federal government would invest an extra $490 million in Western Australian infrastructure in 2016-17 in a measure designed to offset a loss of GST revenue by the west, which is the subject of local anger. The Fin

Crown admits poor timing for Perth hotel

The slowdown in Western Australia’s economy makes it a bad time for Crown Resorts to open its expensive Perth hotel, the company’s chief financial officer conceded to analysts on a conference call. The Fin

Yancoal disputes WA Treasurer’s merger idea

Yancoal Australia has hit back at West Australian Treasurer Mike Nahan’s calls for the Chinese-backed coal miner to merge with a neighbouring producer in the state’s south. The Fin

Barnett to eye power sale vote

Colin Barnett is almost certain to seek a mandate at next year’s election for the $15 billion privatisation of Western Power as part of a plan to slash the government’s huge debt. The Aus

WA farmers urged to look beyond anxiety

GrainCorp chief executive Mark Palmquist has urged WA farmers to look beyond a scare campaign about the company as they weigh up corporatising CBH. The West

Biggest business delegation heads to China

Australia Week in China, which begins on Monday, will see 1000 business people join Prime Minister Malcolm Turnbull, Trade Minister Steven Ciobo, Tourism and International Education Minister Richard Colbeck and Trade Envoy Andrew Robb during the week long-mission. The Fin

 

 

The Australian Financial Review

Page 1: Prime Minister Malcolm Turnbull doesn’t plan to challenge China’s political leaders over their massive steel expansion, which helped send the Whyalla steel mill broke, because China is such a big iron ore customer.

Page 4: Australia Week in China, which begins on Monday, will see 1000 business people join Prime Minister Malcolm Turnbull, Trade Minister Steven Ciobo, Tourism and International Education Minister Richard Colbeck and Trade Envoy Andrew Robb during the week long-mission.

Page 6: Ahead of a visit to Western Australia on Monday, Mr Turnbull announced on Sunday that the federal government would invest an extra $490 million in Western Australian infrastructure in 2016-17 in a measure designed to offset a loss of GST revenue by the west, which is the subject of local anger.

Page 8: The unprecedented $200 billion buildout of liquefied natural gas capacity that has turned Australia into a gas exporting powerhouse provides valuable lessons on the need for better industry collaboration and a less blinkered view on competition, according to Deloitte.

Page 13: The slowdown in Western Australia’s economy makes it a bad time for Crown Resorts to open its expensive Perth hotel, the company’s chief financial officer conceded to analysts on a conference call.

Page 15: A joint multibillion-dollar bid by AGL Energy and APA Group for Alinta would provide growth for both but could increase business risk and limit prospects for a capital return for AGL shareholders.

Yancoal Australia has hit back at West Australian Treasurer Mike Nahan’s calls for the Chinese-backed coal miner to merge with a neighbouring producer in the state’s south.

Page 18: Singapore Airlines has the financial firepower to make a bid for the remainder of Virgin Australia, but it may not do so unless a Chinese rival makes an offer for Air New Zealand’s 25.9 per cent stake, according to aviation experts.

 

 

The Australian

Page 1: Malcolm Turnbull is preparing to take to the election a radical new funding approach for nation-building projects, including a plan to develop high-speed rail links on Australia’s east coast that will boost regional centres and ease congestion in capital cities.

Clive Palmer is facing an investigation by the Australian Taxation Office over an “unusual” company transformation that could have boosted his wealth with a $50 million capital gains tax benefit.

Page 4: Labor has ruled out imposing a super-profits tax on banks as the Greens declared that a royal commission into the sector did not go far enough and renewed calls for a levy to be applied to the big four.

Colin Barnett is almost certain to seek a mandate at next year’s election for the $15 billion privatisation of Western Power as part of a plan to slash the government’s huge debt.

Page 17: The Labor Party will waste millions of taxpayer dollars and expend enormous amounts of “regret capital” if it attempts to rewrite the technology road map for the National Broadband Network, according to the infrastructure project’s chief executive, Bill Morrow.

Page 18: Electronics and whitegoods retailer The Good Guys is planning to float on the Australian Securities Exchange and could be worth up to $500 million.

Evolution Mining has become the latest member of Australia’s booming gold industry to flag positive results ahead of its upcoming quarterly production report, setting the scene for a bumper set of figures from the sector.

 

 

The West Australian

Page 1: Local businesses would have the right to build at least 80 per cent of big State projects under Labor as part of changes Mark McGowan claims would create more than 50,000 jobs.

Page 7: Deputy Prime Minister Barnaby Joyce has urged Brendon Grylls to contest a Senate seat and apply the “fervour” that marked his time as WA Nationals leader to promoting the State’s interests in Canberra.

Business: GrainCorp chief executive Mark Palmquist has urged WA farmers to look beyond a scare campaign about the company as they weigh up corporatising CBH.

A Singaporean businessman with plans to turn the Pilbara into a production hub for wagyu beef has a lot on his plate in China tonight.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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