19/05/2016 - 04:52

Morning Headlines

19/05/2016 - 04:52

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Ride-sharing legalised in big taxi industry shake-up

Drivers for controversial ridesharing company Uber will have to be licensed under the biggest changes to WA’s taxi industry in more than two decades. The West

Labor threatens contracts probe if it takes WA

Major contracts struck with the Western Australian government stretching back eight years would be subject to a government probe if opposition leader Mark McGowan wins the state election in March 2017. The Fin

PPA hands off in sale furore

The Pilbara Ports Authority had no input into the contentious access and pricing regime that has raised the hackles of junior miners around the proposed sale of the Utah Point export terminal at Port Hedland. The West

Labor to end doctors’ pay freeze

Labor will use money the Turnbull government has earmarked for business tax cuts to help fund a $2.4 billion promise to lift the freeze on payments to doctors to stop them passing on higher costs to patients. The Fin

Budget sell flops, back to boats

The federal government has failed to convince the public of the merits of its budget, helping explain why it has shifted its election message to a scare campaign over asylum seekers and a Labor/ Greens alliance. The Fin

APPEA slams Labor plan for national interest test

The oil and gas lobby has warned Federal Labor’s plan to introduce a national interest test before approving new LNG projects will deter not stimulate development of the country’s hydrocarbon reserves. The West

Westfield ready for malls ‘shake-up’

Shopping centres should be more akin to technology companies or will lose relevance to fast-changing consumers, according to Steven Lowy, co-chief executive of global mall giant Westfield Corporation. The Aus

 

 

The Australian Financial Review

Page 1: Labor will use money the Turnbull government has earmarked for business tax cuts to help fund a $2.4 billion promise to lift the freeze on payments to doctors to stop them passing on higher costs to patients.

Page 3: Master Builders has criticised contractors over an imminent pay deal with the construction union in Victoria that will deliver above-inflation annual 5 per cent pay rises.

Page 4: The federal government has failed to convince the public of the merits of its budget, helping explain why it has shifted its election message to a scare campaign over asylum seekers and a Labor/ Greens alliance.

Page 5: Labor’s plan to restrict gas exports would kill investment and do nothing to help manufacturers source cheaper gas, the gas industry said.

Page 10: Wage growth has hit a new 18-year low, adding to pressure on the Reserve Bank of Australia to follow its recent cut to the cash rate with another one in August.

Page 11: Major contracts struck with the Western Australian government stretching back eight years would be subject to a government probe if opposition leader Mark McGowan wins the state election in March 2017.

Page 15: The US sports manufacturer will pay as much as £60 million ($120 million) per season over at least 10 years to outfit the Premier League team starting in 2017, according to people familiar with the matter.

Page 21: Private equity firms have asked SAI Global’s former parent, Standards Australia, if it would agree to the privatisation of the $800 million company.

Coca-Cola Amatil shareholders may have to wait another year or two before Australia’s largest soft drink and water bottler achieves its 5 per cent earnings per share growth targets.

Page 23: The board of a Perth junior resources company, Citation Resources, has taken the extraordinary step of suing former director Peter Landau to recover about $2 million it believes went missing from the company’s coffers.

Page 25: Specialist fund Infrastructure Capital Group is running the ruler over wind farms put up for sale by Origin Energy and EnergyAustralia, and is also considering an investment in large-scale solar as it seeks to add to its growing energy infrastructure portfolio.

 

 

The Australian

Page 4: The Turnbull government is urging Australians to pay more for fresh milk and to not buy cheap supermarket product at the expense of the livelihoods of hundreds of farming families.

Page 5: Students from higher income schools are better able to “game” entrance into university because they have a superior understanding of tertiary entrance schemes and how best to manipulate Year 12 subjects, a new report has found.

The bosses of the $22 billion National Disability Insurance Agency lamented their lack of control of the autism “narrative” at a meeting this year in which they finalised a plan to curb ballooning costs, documents show.

Page 19: Future Fund chairman Peter Costello has warned that an incoming government will need to reconsider the investment returns target for the $117 billion fund after the election amid growing expectations that low inflation and low interest rates will persist for a long time.

Page 21: Myer has dipped its toe into the brave new world of virtual reality shopping, linking with online giant eBay to construct the world’s first virtual reality department store experience in which shoppers use their mobile phones and custom-made goggles to browse fashion apparel, cosmetics and toys.

Stanmore Coal, the junior miner that six months ago paid $1 for a mothballed Queensland coking coalmine once valued at $860 million, has made a timely return to production from the mine.

Page 23: The Australian Securities & Investments Commission claimed ANZ built up war chests before rate-setting forays during which the bank, which at times controlled more than 90 per cent of the bond market, strove to set the BBSW rate that would be favourable to its house position.

Page 26: Shopping centres should be more akin to technology companies or will lose relevance to fast-changing consumers, according to Steven Lowy, co-chief executive of global mall giant Westfield Corporation.

 

 

The West Australian

Page 1: Drivers for controversial ridesharing company Uber will have to be licensed under the biggest changes to WA’s taxi industry in more than two decades.

Page 5: Opposition Leader Mark McGowan has made transparency an election issue by promising an inquiry into major contracts the State Government has refused to detail citing commercial confidentiality.

Treasurer Mike Nahan has ploughed on with moves to sell Fremantle port by introducing laws to enable its sale despite opposition by the Nationals.

Page 9: Australia is facing a shortage of a slow-release drug commonly used to treat type 2 diabetes.

Page 10: Supporters of Kings Park have launched an early offensive to kill off a proposed cable car from Elizabeth Quay to the park.

Business: WA dairy farmers coming out of supply contracts with a major processor are being told no one wants their milk, even at a rock bottom price.

The oil and gas lobby has warned Federal Labor’s plan to introduce a national interest test before approving new LNG projects will deter not stimulate development of the country’s hydrocarbon reserves.

The Pilbara Ports Authority had no input into the contentious access and pricing regime that has raised the hackles of junior miners around the proposed sale of the Utah Point export terminal at Port Hedland.

Drive-through coffee chain Muzz Buzz has joined forces with drink seller Java Juice to combat tough times by offering both their products at outlets.

Tox Free Solutions believes Chevron is testing the market by re-tendering its WA waste services contract four years before expiry.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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