PERTH is attracting more large-scale commercial bulky goods complexes, despite the sector experiencing a lull on the back of the credit crisis and global economic downturn, according to real estate agents.
THE state government plans to release a draft revision of a controversial policy which caps shopping centre growth, which has been described as out of touch with residential expansion in new growth areas, early next year.
THE Shops at Ellenbrook, the retail heart of the burgeoning Swan Valley township, has been expanded beyond the requirements of the original agreement because of rapid population growth in the area.
Western Australia's leading internet authorities are warning that the federal government's proposal to introduce internet service provider filtering will do more harm than good.
FINANCIAL services may be a dirty word to most as the global turbulence slams this sector harder than most, but that hasn't stopped automotive parts group Capricorn Society Ltd from cranking up its own offering to the market.
Incremental Petroleum says its second suitor TransAtlantic could still alter its bid as another independent report lowers the value of the takeover target's shares.
Perth-based Indo Mines has received government approval to develop its $870 million Jogjakarta liquid iron project in Indonesia, the first such approval granted to a foreign company in over 10 years.
Westpac Banking Corporation has cut its standard variable home loan interest rate by 65 basis points, while the National Australia Bank has lowered its rate by 62 basis points.
The global economic turmoil has prompted West Perth-based BC Iron to review a smaller start-up operation for its Nullagine iron ore project in the Pilbara which could save its some $80 million in development costs.
Downer EDI has secured a $35 million engineering contract with BHP Billiton for expansion works at its Pilbara iron ore operations, while Paladio Group has won its third Woodside contract in two months.
The state government has appointed former resources department deputy director general, Stuart Smith, as the new chief executive of the Department of Fisheries.
The Western Australian housing market has taken another hit today with latest figures showing building approvals falling nearly 14 per cent in September, nearly double that of the national trend.
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Perth property developer Kevin Pollock has been given a suspended three year sentence in the Supreme Court of Perth after being found guilty of fraud charges totalling over $3 million.
Western Australia's business community will have the opportunity to ask the federal government questions regarding the financial crisis, as the Chamber of Commerce and Industry WA welcomed today's rate cut decision by the central bank.
CommSec is tipping a further interest rate cut of 25 basis points next month as the central bank today slashed rates by a bigger than expected 75 basis points, a move welcomed by various lobby groups across the country.
Western Australian businesses spend more on research and development as a proportion of gross state product than business in any other state, according to data from the Australian Bureau of Statistics.
The Commonwealth Bank of Australia is the first bank to pass on some of the central bank's rate cut, lowering its standard variable home loan rate by 58 basis points.
Subiaco-based PharmAust Ltd, through its wholly owned subsidiary Epichem Pty Ltd, has entered into a joint venture agreement with Curtin University to develop oral insulin for the treatment of diabetes.
The takeover tussle for Incremental Petroleum Ltd could be extended after the corporate watchdog asked bidder Cooper Energy Ltd to extend its deadline that it thought was final.
United States company Cleveland Cliffs has ended its takeover of iron ore miner Portman Ltd with a 99.27 per cent interest, boosted by acceptances to its offer and on-market purchases.
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Australian executives are expecting further economic turbulence in the New Year as credit market conditions, a volatile Australian dollar and inflationary pressures impact profit and investment prospects for 2009.
Herdsman-based Olympia Resources Ltd is undertaking a strategic review of its projects in light of the current financial crisis while chairman Mal Randall steps down.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
