Western Australia's mineral and petroleum sector grew 15 per cent in value last year, after a weaker Australian dollar and greater sales helped counteract falls in some commodity prices.
Figures released by the Australian Bureau of Statistics show retail spending rose 1.2 per cent in January, three times the 0.4 per cent rise economists had expected.
Western Australian sandalwood producer TFS Corporation, through its US joint venture entity Santalis Pharmaceuticals, is about to ship 100 kilograms of oil to an unidentified global pharmaceutical company - at $US4,500 per kilogram.
The Australian dollar is firmer on positive local economic growth figures and renewed global risk appetite as troubles in the Ukraine appear to de-escalate.
South Hedland's first four-star hotel is due to open by the end of this year, after a Melbourne based developer said it will build most of the hotel off site to save time.
Wars produce winners as well as losers, and while Russia's invasion of Ukraine is not classified as a hot war, yet, there are signs emerging that one of the winners will be a long way from the action – Australia.
It's no small decision to walk away from the security of an established career to head-up a new business venture – particularly when the business in question is one of the first of its kind in a new sector.
Engineering firm Downer EDI has won a $70 million contract to perform structural, mechanical, piping and electrical work at the Technical Ammonium Nitrate Plant project on the Burrup Peninsula in Western Australia.
Gold prices have dropped, as easing fears over the situation in Ukraine drain trader interest in haven assets in favour of riskier bets such as stocks.
RCR Tomlinson's strong share price has delivered a further windfall for managing director Paul Dalgleish, who has exercised another batch of options at just 39 cents per share.
