16/06/2017 - 06:48

Morning Headlines

16/06/2017 - 06:48

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Perth MP claims CBD a red tape dead zone

New MP for Perth John Carey has labelled the CBD “dead” and boring during an impassioned plea for red tape to be slashed to help city traders jazz up the streets. The West

 

Martino brothers to target Chinese investors

Brothers Domenic and Luke Martino’s growing corporate advisory and consulting firm, Indian Ocean Group, is branching out with the launch of a new funds management business that aims to exploit its access to Chinese capital. The West

 

Officeworks ready to take on Amazon

Officeworks is expanding courier operations and bundling up business services as part of a strategy to differentiate itself from Amazon and find new avenues for growth. The Fin

 

Energy giant flags 20pc rise in power bills

Soaring wholesale prices will push up household and business gas and electricity bills by double-digit amounts next month, with retailers warning of steep price rises as Canberra debates energy reforms. The Aus

 

More CPA directors quit as Malley stays

The departure of Jennifer Lang, the director of strategic treasury and procurement at Commonwealth Bank of Australia, Deborah Ong, a partner at PwC Singapore and Martin Hourigan, the commercial manager at the The Just Group, means more than half the 12-member board has quit the accountants’ body in the past fortnight over its direction under the high-profile Mr Malley. The Fin

 

China’s ambassador lashes donations claims

China’s ambassador to Australia has lashed out at media scrutiny of Chinese business identities using money and political donations to influence domestic politics. The Fin

 

Executives help themselves to $300m as big banks cry poor on levy

The big four banks and Macquarie Group paid a combined $300 million to their small senior executive teams last financial year, meaning remuneration packages equal nearly a third of the $1 billion estimated impact of the government’s new bank levy. The Aus

 

Ten administrator seeks to recut US studio deals

Ten Network’s administrator has made renegotiating content deals with US studios 21st Century Fox and CBS a priority, as it attempts to right the broadcaster’s finances and secure its future. The Aus

 

GST body out of date, expert says

One of the nation’s leading constitutional law experts believes the Commonwealth Grants Commission has outlived its usefulness, saying it should be be replaced with a new agency that has Reserve Bank-like independence. The West

 

The Australian Financial Review

Page 1: Prime Minister Malcolm Turnbull labelled China a ‘‘frenemy’’ of Australia in unscripted remarks that showed his hardening attitude towards Beijing, a revelation that could further complicate Canberra’s already difficult relationship with its largest trading partner.

EnergyAustralia called on policymakers to back the ‘‘solid blueprint’’ of the Finkel energy review and said it would continue to invest in wind and solar energy, as it hit some NSW and South Australian households and businesses with price increases of $1000 a year or more for power and gas.

The departure of Jennifer Lang, the director of strategic treasury and procurement at Commonwealth Bank of Australia, Deborah Ong, a partner at PwC Singapore and Martin Hourigan, the commercial manager at the The Just Group, means more than half the 12-member board has quit the accountants’ body in the past fortnight over its direction under the high-profile Mr Malley.

Page 2: One Nation is expected to push the Turnbull government on community radio and water projects in order to gain the party’s crucial Senate support to pass Communications Minister Mitch Fifield’s media reform package.

Page 5: Cheap wind and solar power will make Australia a magnet for energy-intensive industries such as smelting again within a decade or two, reversing the trend for large smelters to back off production or threaten closure because of soaring electricity prices, Bloomberg New Energy Finance says in its 2017 Outlook.

Page 10: China’s ambassador to Australia has lashed out at media scrutiny of Chinese business identities using money and political donations to influence domestic politics.

Page 15: Officeworks is expanding courier operations and bundling up business services as part of a strategy to differentiate itself from Amazon and find new avenues for growth.

US television studio CBS wanted to help Network Ten get through its financial difficulties and had agreed to cut the cost of its television shows when Lachlan Murdoch and Bruce Gordon pulled financial backing for the broadcaster, forcing it into administration, according to sources close to the US studio.

Page 17: Citic’s legal team faced a grilling from Supreme Court judge Justice Kenneth Martin on Thursday as the Chinese conglomerate escalated its attack on Clive Palmer’s Mineralogy, which is demanding millions in royalty payments.

 

The Australian

Page 1: Malcolm Turnbull has been forced to publicly limit any damage to his relations with Donald Trump after parodying the US President’s attacks on “fake news” and ridiculing his links with a “Russian guy”.

The ABC has conceded it had altered documents of the nation’s largest aviation services company, Aerocare, for “illustrative” purposes and twice breached its editorial standards in an investigative report into the firm’s workplace and safety practices, which are now at the centre of a vicious industrial campaign by the Transport Workers Union.

Page 4:Soaring wholesale prices will push up household and business gas and electricity bills by double-digit amounts next month, with retailers warning of steep price rises as Canberra debates energy reforms.

Page 6: A revival in the resource economies of Western Australia and Queensland has helped bring the national unemployment rate down to a four-year low of 5.5 per cent.

Page 19: The big four banks and Macquarie Group paid a combined $300 million to their small senior executive teams last financial year, meaning remuneration packages equal nearly a third of the $1 billion estimated impact of the government’s new bank levy.

There’s no doubt that Chief Scientist Alan Finkel is having a disruptive effect on Australian politics. That was again on display in the Parliament House car park on Midwinter Ball night.

Page 21: Ten Network’s administrator has made renegotiating content deals with US studios 21st Century Fox and CBS a priority, as it attempts to right the broadcaster’s finances and secure its future.

Page 22: The corporate watchdog has secured its new funding model, with companies and individuals set to pay directly for the cost of being regulated from July.

 

The West Australian

Page 1: The tumultuous relationship between Malcolm Turnbull and Donald Trump has taken another turn, after footage was leaked to the media of the Prime Minister impersonating the US President.

Page 3: New MP for Perth John Carey has labelled the CBD “dead” and boring during an impassioned plea for red tape to be slashed to help city traders jazz up the streets.

Page 13: WA has returned as the jobs powerhouse of the country, adding a third of the nation’s full-time workers as unemployment fell to its lowest level in more than a year.

Page 14: A pilot project in Port Hedland championed by BHP could revolutionise the way government, businesses and community groups collectively respond to social issues in small towns.

Page 16: One of the nation’s leading constitutional law experts believes the Commonwealth Grants Commission has outlived its usefulness, saying it should be be replaced with a new agency that has Reserve Bank-like independence.

Page 20: The WA Liberals expunged all mention of China from a policy motion calling for more defence assets to be based in the State, amid fears it would antagonise Beijing.

Page 22: The WACA will continue to negotiate with the State Government about hosting the WA Football Commission despite the possibility Subiaco Oval will remain the home of WA football.

Page 24: The Federal Government has moved to close a GST loophole that has let dodgy gold buyers milk $860 million of taxpayer cash over the past five years.

Page 58: Brothers Domenic and Luke Martino’s growing corporate advisory and consulting firm, Indian Ocean Group, is branching out with the launch of a new funds management business that aims to exploit its access to Chinese capital.

Page 59: Hundreds of new jobs will be created after Gold Road Resources yesterday announced a $298 million engineering, procurement and installation contract for its Gruyere gold project, 200km north-east of Laverton.

Lawyers for China’s biggest conglomerate have mocked Clive Palmer for referring to himself as a professor, using a pseudonym and boasting about litigation being a hobby.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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