02/05/2016 - 06:21

Morning Headlines

02/05/2016 - 06:21

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Gorgon LNG close to restart after repairs

Chevron expects to resume production at its $US54 billion Gorgon liquefied natural gas project off Western Australia this month as it nears completion of repairs required at the massive plant after it had shipped just one cargo. The Fin

AusPost aircraft ready for take-off

Australia Post plans to use its own fleet of branded Qantas freighter aircraft to provide faster and more flexible deliveries to Australians making retail purchases over the internet as the next step in the expansion of a $500 million alliance between the two companies. The Aus

Foxtel faces up to its own home grown horror movie – Netflix

Foxtel’s new chief executive, Peter Tonagh, admits that the cable and satellite television monopoly has a problem – it’s not as sexy as Netflix. The Fin

Morrison to deliver fiscal growth spurt

Scott Morrison has put a surprise “economic dividend” at the heart of the federal budget to assure Australians his plan will deliver a boost to growth from tax cuts and a $5 billion building plan for major projects across the country. The Aus

Autistic workers surpass colleagues

Autistic people have about half the chance of getting a job as someone without the disorder, despite outperforming most of their peers, according to some ground-breaking Australia-first research. The West

MUA vows ABCC war as MBA backs it

The maritime union will fight the restoration of the building industry watchdog amid complaints the proposed legislation would affect its members, as employers set up a fighting fund to support the watchdog. The West

 

 

The Australian Financial Review

Page 1: Low and middle-income earners such as women who have missed work to raise children will have their retirement incomes boosted in Tuesday’s federal budget using the proceeds of the curbs on superannuation tax concessions for the well-off.

Foxtel’s new chief executive, Peter Tonagh, admits that the cable and satellite television monopoly has a problem – it’s not as sexy as Netflix.

Page 3: Last week’s surprisingly low first quarter inflation release has fuelled speculation that the Reserve Bank of Australia will this week cut the cash rate for the first time in a year.

Page 5: Some of Australia’s new submarines could be nuclear-powered by the time they enter service, making them much more potent against the huge Chinese navy.

Page 6: Commercial free to-air-television networks are expected to win a phased reduction in the $173 million-a-year licence fees in Tuesday’s budget, but they will not get the level of cuts they have lobbied so hard for.

Page 7: Fresh doubts have been raised about the country’s ability to meet the 2020 renewable energy target after a new analysis found that $10 billion of extra investment is needed in a market where lenders are wary because of changing regulations.

Page 15: Chevron expects to resume production at its $US54 billion Gorgon liquefied natural gas project off Western Australia this month as it nears completion of repairs required at the massive plant after it had shipped just one cargo.

 

 

The Australian

Page 1: Scott Morrison has put a surprise “economic dividend” at the heart of the federal budget to assure Australians his plan will deliver a boost to growth from tax cuts and a $5 billion building plan for major projects across the country.

Page 2: Labor is being warned that a plan it will bring to parliament today to cancel the visas of foreign workers in the oil and gas industry could shut down critical parts of the sector, cost hundreds of millions of dollars and inflict substantial “reputational damage” on the country.

Scott Morrison’s decision to block the sale of S. Kidman & Co to a consortium led by Chinese conglomerate Shanghai Pengxin is a “cynical manipulation” of the foreign investment review process, according to the Australian businesswoman who lost the battle to buy the historic Van Diemen’s Land dairy company late last year.

Page 7: Every dollar generated by extra university graduates leads to significant wage increases and more jobs for those without a higher education, a new report has found.

Page 19: Australia Post plans to use its own fleet of branded Qantas freighter aircraft to provide faster and more flexible deliveries to Australians making retail purchases over the internet as the next step in the expansion of a $500 million alliance between the two companies.

Page 21: Spanish conglomerate Ferrovial has distanced itself from controversial work at the Manus Island and Nauru detention centres hours after succeeding in its $794 million takeover bid for their current operator Broadspectrum.

Prices will trend up for Australian dairy exporters from midyear, for both supply and demand reasons, experts on Chinese market say.

Page 27: A $20 million-a-year grant given to the ABC by the Rudd government in its final budget will be reduced to about $15m a year.

Bruce Gordon’s WIN Corporation and Ten Network are poised to sign a television affiliate deal as soon as this week, in the aftermath of a shock agreement between rivals Nine Entertainment and Southern Cross Austereo.

 

 

The West Australian

Page 1: Most taxpayers will miss out on a tax cut, with Treasurer Scott Morrison’s pre-election Budget to focus on small to medium-sized businesses and workers earning more than $80,000.

Page 6: WA Treasurer Mike Nahan and Federal Treasurer Scott Morrison are under more pressure to deliver tax relief as figures show Australians are paying record amounts in tax.

Page 7: WA Education Minister Peter Collier says he will wait for more detail on the Turnbull Government’s promise of extra funds linked to education reforms before offering full support.

Page 11: Australian beaches could soon be protected by the world’s first shark deterrent cable after successful testing by the South African Government.

Page 14: WA has slumped to be almost the bottom of the national economic pile, with signs the State Government faces a sustained battle to get the Budget back into shape.

Business: The State Government-appointed administrator controlling $1.8 billion in Bell Group litigation winnings has missed a deadline for a crucial report amid attempts to revive peace talks.

Autistic people have about half the chance of getting a job as someone without the disorder, despite outperforming most of their peers, according to some ground-breaking Australia-first research.

The maritime union will fight the restoration of the building industry watchdog amid complaints the proposed legislation would affect its members, as employers set up a fighting fund to support the watchdog.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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