Latest Headlines

Lotterywest sets up virus-rescue fund

The state government has unveiled $184 million in initiatives to boost crisis support and provide rent relief for small businesses and not-for-profit groups impacted by COVID-19, while the City of Perth has also announced a rent-free period for tenants in city-owned buildings.

Perkins’ bid to #StopTheSpread

Canva chief executive Melanie Perkins spoke to Business News about the impact of COVID-19 on her business and the world.

Woodside considers 14-week FIFO roster

Resources companies are moving to longer fly-in, fly-out rosters to reduce the amount of travel to their remote sites, with Woodside Petroleum proposing a roster that would result in workers being awa

Delayed decisions can cost

Investors seem wary of a couple of WA stalwarts, with a lack of timely decision-making in a changing marketplace part of the problem.

Stimulus deal boosts ASX200 a record 7%

The Australian share market has rallied hard in its final minutes for its best day ever after Prime Minister Scott Morrison announced the government's fiscal stimulus measures.

Rio awards Primero $20m in extra work

Engineering company Primero Group has secured further work with Rio Tinto under $20 million in contract variations, while at the same time maintaining its full-year earnings guidance.

Corporates act to ease pressure

SPECIAL REPORT: Several big businesses have stepped up to the plate during the current economic shock.

Digging in as pandemic pain hits

Free to read: WA will be relying on strong export industries to keep its economy afloat, with domestic industries employing a total of 250,000 Western Australians having closed or severely reduced operations due to COVID-19.

Border closure coming to stop virus spread

Western Australia will likely be closed to the eastern states by the end of the week, with Premier Mark McGowan shifting to the third stage of the state government’s COVID-19 response.

Post at your own peril

OPINION: We love our kids, but oversharing online can have significant downsides.

$130bn wage subsidy scheme revealed

Businesses and non profits suffering big falls in turnover will receive subsidies of up to $1,500 per worker per fortnight under the federal government's new Jobkeeper program, with up to 6 million people to be supported.

Red 5 to raise $125m

Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.

Curveballs can be a positive

Western Australian Kate Leeming recently embarked on a cycling expedition through the Andes in South America, but the pandemic cut this short and she had to make a mad scramble to get out of Bolivia before the borders were shut. Here’s her story:

Project pause for Finbar as uncertainty takes hold

Apartments developer Finbar Group has put new project launches on hold, including its $365 million Civic Heart in South Perth, and withdrawn its profit guidance as uncertainty spreads throughout the property sector.

Buru Energy maintains production

Buru Energy said today it has maintained production at its Ungani oil project in the Kimberley but has joined other resources companies, including Australian Vanadium, in cutting salaries, directors fees and other spending to preserve cash during the COVID-19 pandemic.

Huawei dumped for rail radios

Late on Friday afternoon, the state government revealed a $205 million contract with Chinese telco Huawei and contractor UGL to replace radio systems in the rail network had been cancelled because of trade restrictions.

Confronting challenges with an eye on the future

Flexibility and clarity are two attributes business leaders need in times of economic upheaval.

COVID-19 cruise patients to Joondalup hospital

An 11th hour agreement has resulted in 29 passengers from the Artania cruise ship who have tested positive for COVID-19 being transferred to Joondalup Health Campus, after earlier proposals to shift them to Hollywood Private Hospital, the Mount Hospital and Bethesda Health Care were criticised.

Banks move to support landlords, tenants

Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.

Aust stocks higher amid virus volatility

The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.

Morning Headlines

Wage subsidy for big business

Oil posts fifth straight weekly loss

Oil prices plunged another five per cent and posted a fifth straight weekly loss as demand destruction caused by the coronavirus outweighed stimulus efforts by policymakers around the world.

Gold eases, despite big weekly gains

Economic damage expected from the coronavirus continues to boost the bullion's safe-haven appeal.

COVID-19 daily wrap: New restrictions for international arrivals

Prime Minister Scott Morrison announces further restrictions for international arrivals, Health Minister Roger Cook confirms 24 new cases of COVID-19 in Western Australia, Premier Mark McGowan announces a ban on regional travel, and Mines and Petroleum Minister Bill Johnston proposes new rules to help mineral exploration companies.

Aust stocks plunge, snapping gain streak

Australia's share market has plunged again following three days of gains, smashing any incipient hopes that the bear market is finished.

Saracen keeps FY20 guidance

Saracen Mineral Holdings has maintained its full-year production guidance, saying COVID-19 measures would have minimal impact on March quarter production, in contrast to yesterday's update from fellow gold miner Northern Star Resources.

Mark my words podcast

PODCAST: Mark Pownall and Mark Beyer discuss the market update, Nev Power, Premier's inner circle, leisure sector, retail, mining challenges, Woodside, and our special report on the pandemic impact on WA.

Regional travel to be locked down from Tuesday

Western Australians will not be able to travel outside of the regions in which they live from Tuesday, as the state government ramps-up restrictions on movement in its response to the COVID-19 crisis.

Early sign of traction in COVID-19 fight

Movement in major city centres has dropped 80 per cent in the past two weeks, Prime Minister Scott Morrison said today, while flagging development of a policy to hibernate businesses until the COVID-19 pandemic is over.