30/01/2017 - 06:33

Morning Headlines

30/01/2017 - 06:33

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Morning Headlines

PM scores win from Trump

Prime Minister Malcolm Turnbull has secured a major concession from US President Donald Trump, who on Sunday endorsed last year’s refugee resettlement deal with Australia and personally reassured the Prime Minister of America’s resolve over maintaining leadership against China in the region. The Fin

 

Dutch record to fall to Australia: Deloitte

Australia is on track to pass the Netherlands this year and secure the world’s longest spell without a recession, with a rebound in commodity prices ensuring the current account deficit will become narrower than at any time since Gough Whitlam was prime minister. The Fin

 

Call for tourism infrastructure push

Two of the country’s most high-profile business leaders warn Australia will fail to capitalise on booming visitor numbers if it does not speed up the approval process for major infrastructure projects and build more tourism facilities. The Fin

 

China’s dodgy $1bn in property

Australian financial intelligence officials last year investigated more than $3.3 billion of suspect transfers by Chinese investors - including $1 billion invested in property - raising concerns that Australia’s foreign ownership laws are being sidestepped by people desperate to get their money out of China. The Aus

 

Business calls for a tax rate cut ‘before it is too late’

Australian corporate heavyweights Graham Bradley and Tony Shepherd have joined the growing list of business leaders pressuring the Turnbull government to get serious about lowering the ‘globally uncompetitive’ company tax rate. The Aus

 

Disability guardians under threat

The legal guardians of some of the most severely disabled people in Western Australia have been threatened by senior bureaucrats that they will have their care orders thrown out if they do not choose a private accommodation service provider by March. The Aus

 

LNG exports post $1.9bn record

Australian liquefied natural gas exports have stepped up dramatically in recent months, with the second of three LNG trains at the massive Gorgon plant in Western Australia reaching almost full capacity and exports jumping from Gladstone as Origin Energy’s Australia Pacific LNG plant nears full output. The Aus

 

Premier pans city school plan

Premier Colin Barnett has criticised Labor’s plan to build a new high-rise public school in the city, questioning whether it was appropriate for kids to be educated in a ‘club and entertainment district’. The West

 

Plea for parties to sell TAB

WA’s racing industry wants the major political parties to commit before the March state election to privatising the TAB, describing continuing uncertainty as a ‘noose around the industry’s neck’. The West

 

Slow grind for WA economy

WA’s economy faces a ‘slow grind’ for some time despite China’s recovery, a leading economic forecaster says. The West

 

The Australian Financial Review

Page 1: Prime Minister Malcolm Turnbull has secured a major concession from US President Donald Trump, who on Sunday endorsed last year’s refugee resettlement deal with Australia and personally reassured the Prime Minister of America’s resolve over maintaining leadership against China in the region.

Qantas Airways and Virgin Australia will immediately begin implementing US President Donald Trump’s ban on immigration from seven majority Muslim nations, a decision that applies to Australians with dual citizenship.

Equip is in late-stage merger talks with the superannuation fund for the staff of mining giant Rio Tinto, which would create a $14 billion retirement scheme with 75,000 members.

Page 3: Australia is on track to pass the Netherlands this year and secure the world’s longest spell without a recession, with a rebound in commodity prices ensuring the current account deficit will become narrower than at any time since Gough Whitlam was prime minister.

Page 6: The Turnbull government is under renewed pressure to modify or scrap the Renewable Energy Target after a new report found ambitious state-based targets are likely to push the national target to the equivalent of 35 per cent by 2030.

Page 8: Private investors will be approached to develop a new 24-hour, freight-only airport about 60km south-east of Adelaide being proposed by South Australian Liberal leader Steven Marshall, who wants the state to replicate a $200 million-plus airport that opened near Toowoomba in Queensland late in 2016.

Page 9: Two of the country’s most high-profile business leaders warn Australia will fail to capitalise on booming visitor numbers if it does not speed up the approval process for major infrastructure projects and build more tourism facilities.

Page 14: Independent schools say that a major education savings fund is greatly exaggerating the cost of a private education with misleading information about the cost of school fees.

Page 17: Chevron’s global chief executive John Watson has given an upbeat assessment of progress at the US major’s two giant natural gas projects in Western Australia and the LNG market, which has been more robust than expected given a glut of supply.

 

The Australian

Page 1: Donald Trump yesterday vowed to honour a deal to take refugees from Australia’s offshore detention centres, amid protests at US airports and global criticism over his move to impose a temporary ban on visas for citizens from seven countries and suspend the country’s refugee program.

Australian financial intelligence officials last year investigated more than $3.3 billion of suspect transfers by Chinese investors - including $1 billion invested in property - raising concerns that Australia’s foreign ownership laws are being sidestepped by people desperate to get their money out of China.

Page 2: Factional allies and key right-aligned supporters have been rewarded in Gladys Berejiklian’s reshaped cabinet, with several senior ministers relegated and at least one considering quitting politics.

Page 5: Queensland Premier Annastacia Palazczuk has been forced to ‘encourage’ three of her ministers to publicly disclose 27 cash-for-access meetings with businesses for last year’s Labor state conference.

Page 6: Australian corporate heavyweights Graham Bradley and Tony Shepherd have joined the growing list of business leaders pressuring the Turnbull government to get serious about lowering the ‘globally uncompetitive’ company tax rate.

Page 8: The legal guardians of some of the most severely disabled people in Western Australia have been threatened by senior bureaucrats that they will have their care orders thrown out if they do not choose a private accommodation service provider by March.

Page 12: A federal judge has blocked part of Donald Trump’s temporary immigration ban, ordering authorities to stop deporting refugees and other travellers stuck at US airports.

Page 19: Australian liquefied natural gas exports have stepped up dramatically in recent months, with the second of three LNG trains at the massive Gorgon plant in Western Australia reaching almost full capacity and exports jumping from Gladstone as Origin Energy’s Australia Pacific LNG plant nears full output.

 

The West Australian

Page 1: The WA Police Union has dropped a political bombshell on the state government just days out from the official start of the election campaign, releasing a damning survey it claims shows a force in crisis and near ‘breaking point’.

Page 4: Premier Colin Barnett has criticised Labor’s plan to build a new high-rise public school in the city, questioning whether it was appropriate for kids to be educated in a ‘club and entertainment district’.

Page 5: Drivers in Perth’s most prolific suburbs for school-zone speeding have repeatedly ignored warnings to slow down, the state government says.

Page 11: WA’s racing industry wants the major political parties to commit before the March state election to privatising the TAB, describing continuing uncertainty as a ‘noose around the industry’s neck’.

Page 12: Environment Minister Albert Jacob will today sign an agreement for a new national park in the Kimberley - a move that is also the first step in the renaming of the King Leopold Ranges.

Page 14: Federal MP Ian Goodenough is facing demands for an investigation of his role in $20,000 of taxpayer funds being handed to a not-for-profit organisation of which he is a board member.

Page 17: A crackdown on ‘doctor shoppers’ will start from today with new regulations coming into effect to govern the sale, supply and manufacture of medicines.

Page 18: WA taxpayers are on the hook for at least an extra $140 million a year because the state insists on running its own version of the National Disability Insurance Scheme, Labor claims.

Page 50: The first two processing facilities at the Gorgon LNG project are operating near capacity and commissioning of the final train is under way, with production expected early in the second quarter, according to Chevron chief executive John Watson.

Up to 130 WA homeowners should seek legal advice before making progress payments for work on houses being built by Distressed builder BuiltonCorp, QBE Insurance has warned.

WA’s economy faces a ‘slow grind’ for some time despite China’s recovery, a leading economic forecaster says.

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