Latest Headlines

New policy brings design to the development forefront

New rules will soon apply to high-density developments across the Perth metropolitan area, including minimum apartment sizes, guidelines around tree retention and natural light, and how projects integrate with the wider neighbourhood.

Higher oil prices lifts energy sector, ASX

The Australian sharemarket has finished higher amid optimism for a deal on the US-China trade war and a spike in the price of oil.

Court upholds Wyatt’s Fortescue ruling

Wintawari Guruma Aboriginal Corporation has failed in its attempt to overturn a key state government ruling concerning Fortescue Metals Group’s Eliwana iron ore project.

Hallam to lead Capricorn

Warren Hallam has been tapped as the new managing director of Capricorn Metals, as the company ramps-up the development of its flagship Karlawinda gold project.

Marine choreography belies heavy haulage

Photo Essay: It's nearing noon on a Monday when the CMA CGM Strauss enters Fremantle harbour, laden with a cargo of cookies, tyres, beer, eskies, bicycles, motor oil, lithium batteries, machinery and furniture.

Westpac reports Q1 cash earnings of $1.5bn

Australia's number two lender, Westpac, has reported first-quarter unaudited cash earnings of $2.04 billion, with natural disaster insurance claims rising and mortgage delinquencies edging higher.

Discovery launches Rottnest glamping

Rottnest’s first new accommodation in 30 years was officially launched last week, with a $25 million glamping site set to open to the public in March.

Monadelphous, Clough win South Flank contracts

Monadelphous has secured a $108 million contract on BHP Group's South Flank project, while Clough has won its second contract on the same development, which is the largest project currently underway in WA.

Getting up to speed on Metronet rollout

SPECIAL REPORT: Costs and a local skills shortage are among the challenges facing the state as it seeks to develop a local train car manufacturing sector.

Smart solutions lifting exports at Port Hedland

SPECIAL REPORT: Big data has helped the Pilbara Ports Authority to dramatically increase throughput, in contrast to other ports.

Driver, skills shortage not great for freight

SPECIAL REPORT: WA could be about 1,000 truck drivers short at a time the industry believes there are signs of an upswing.

Supply chain, environment key port considerations

SPECIAL REPORT: WA will be waiting until at least 2030 before an outer harbour development is needed, and in the meantime work is being done to evaluate the best ways to extend the life of Fremantle Port.

Imdex profit up 27%

Mining equipment supplier Imdex has announced a half-year profit of $13.5 million, compared with $10.6 million in the corresponding period last year.

Technology Metals raises $4.5m

Technology Metals Australia has secured $4.5 million via a share placement, with the funds set to advance the definitive feasibility study on its flagship Gabanintha vanadium project, located 40 kilometres south of Meekatharra.

Woolworths axes $1/litre milk

Woolworths has become the first national supermarket chain to dump its $1/litre milk range, with farmers saying Coles and Aldi must follow if they want Australian dairies to survive.

ASX surges as Aussie dollar tumbles

Australian shares have enjoyed their fourth straight day of gains as the local currency slides further against the US dollar.

Morning Headlines

NAIF has cash to splash on tourism, farms

Gold scales two-week peak, Palladium up

Gold jumped to a two-week high on Friday after weak US economic data boosted expectations the US Federal Reserve would hold pat on monetary tightening, while palladium matched an all-time high on a prolonged deficit.

Oil rises more than 2% to 2019 high

Oil prices rose more than 2 per cent on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing US-China trade talks strengthened demand sentiment.

Rates forecast of 0.5%

There will be a big reduction in the Reserve Bank of Australia’s official cash rate in the next year or two, according to investment analysis Jonathan Pain.

ASX closes flat as more companies report

The Australian sharemarket has treaded water for another day as six more companies reported their earnings.

Veris in $34m write-down

Veris says it will “likely” report a $34 million non-cash impairment charge to its goodwill, because of the poor trading performance of its surveying business.

Australis to raise $30.5m

Australis Oil & Gas is seeking to raise $30.5 million via a share placement, with the funds set progress its Tuscaloosa Marine Shale project in the US.

$500m Galleria expansion deferred

The long-anticipated expansion of Galleria Shopping Centre in Morley has been deferred, just days after receiving final planning approval, though its co-owner has committed to a $63 million expansion of Ellenbrook Central.

RCR’s remaining WA assets sold

The sale of RCR Tomlinson’s Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.

Business News marks 25 years at cutting edge

The media is like any other business, where adapting to consumer needs is the only way to survive.

Funding feeds good food growth

Perth-based EON Foundation is growing its food and nutrition programs in remote communities.

Developers line up for Perth’s next office opportunity

Developers across Perth’s CBD are positioning themselves to ride the city’s next wave of office development, with options for tenants with large space requirements becoming scarce despite an overall vacancy rate of 18.5 per cent.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss a tourism business sale, Airbnb, Vicinity Centres, Galleria Shopping Centre, future CBD development opportunities, infrastructure priorities, and our special report on ports and transport.