The federal government's decision to inject an extra $260 million into the Perth Freight Link for construction of a road tunnel has drawn heated criticism, with the City of Fremantle saying an additional $1.4 billion was still required to address a core shortfall of the latest proposal.
Western Power advised its staff yesterday that an estimated 215 roles are no longer needed as the utility continues a three-year program that has already cut more than 300 jobs.
Gold prices have risen to their highest in almost three weeks, setting the market on course toward $US1,300 an ounce, drawing confidence from continued ultra-low interest rates.
The news last month that CBH Group was shutting down its Lupin Foods subsidiary after failing to find a buyer shows that commercial requirements and scientific advancement do not always connect neatly.
Analysis by Deloitte suggests grain growers in the CBH Group network value add $771 million to the state's economy, while the grain handler directly contributes a further $348 million.
Mining camp operator Sodexo has pledged to create 400 new jobs for indigenous Australians after becoming the latest company to join the federal government's employment parity initiative.
Recently revived Eastern Goldfields has called on the Department of Mines and Petroleum to withdraw a request for $8.6 million worth of the company's bonds.
LNG 18 conference organising committee chair Grant King is positive about the industry's future, despite the low oil price environment and a predicted short-term oversupply, saying international demand growth for electricity will underpin a need for gas.
Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target's half-year earnings and up to 10 people were involved in the collusion.
SPECIAL REPORT: The number of hostile takeover bids confronting Australian companies may be relatively low, but disruption from sources such as activist groups and shareholder class actions is a growing challenge for directors.
SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.
Local explorer Gascoyne Resources has tapped investors for a $15 million capital raising to fund ongoing work at two of its gold projects in Western Australia.
An influx of owner-occupiers is changing Perth's multi-residential development market offering, with an increased focus on design and amenity providing significant opportunities for architects.
Opposition leader Mark McGowan has committed a future state Labor government to aggressively seek more defence related work for Western Australia to help compensate for the loss of construction job
Wesfarmers has announced the resignation of Target managing director Stuart Machin, just days after it confirmed an investigation into accusations that supplier rebates may have artificially inflat
In this Business News podcast Mark Pownall and Mark Beyer discuss Gorgon dramas, FMG, Newman Hotel, retail construction, foreign acquisitions and our special report corporate finance.
