Latest Headlines

Thumbs up for budget

WA business leaders and academics have given this Federal Budget the big thumbs up. In Perth, more than 130 business leaders and academics were treated to an analysis of the Budget at a Committee for Economic Development of Australia briefing.

Workers' comp crisis worsens

WA EMPLOYERS will have to pay an extra $767.53 million in compulsory workers’ compensation premiums this year.The Premium Rates Committee has announced compulsory workers’ compensation insurance premiums will rise by an average 35.3 per cent on 30 June.

Chamber sees red over govt spending

THE WA Government’s much vaunted $3.3 billion capital works program will put WA further into the red during 1999-2000. This represents an increase of more than $600 million from forward estimates.

GST issues coming to the surface

While businesses are rapidly coming to grips with the proposed introduction of a GST, the fineries of the legislation are still being debated in the Senate.Already, 128 amendments by the Federal Government have been put up for consideration.

Dutch giant buys Lakeside

HOLLAND-based integrated financial services giant ING Group has made its first foray into the Australian market, taking ownership of Lakeside Joondalup shopping centre.

Shares offer potential for best return

ORDINARY shares have outperformed all other investment sectors over the past ten years, according to an investment sector performance report for the Australian Stock Exchange by Towers Perrin.

WA to lure more trainee pilots

COMMERCE and Trade Minister Hendy Cowan told the launch of the World Airport Transport Training Conference and Tradeshow in Denver that WA had ideal airline pilot training conditions.

Parking returns to Barrack Street

BARRACK Street traders look like getting short-term parking and loading bays back. At Perth City Council’s 11 May meeting, Councillor Jennifer MacGill moved the maximum number of parking bays and loading zones be placed between the trees on Barrack Street

Carpark rebuild comes a step closer

THE redevelopment of council’s Number 8 Car Park on Lake Street is a step closer to becoming a reality. Council voted to adopt its business plan for the redevelopment of the car park.

Bellevue Terrace apartment stalled

PLANS to develop a $4 million six-storey, nine apartment building at 4 Bellevue Terrace, West Perth have been stalled by council.

Breakup of old council cost $52 million

THE break-up of the old Perth City Council and the creation of the Towns of Cambridge, Vincent and Victoria Park has cost $52 million.

CEO given discretion

COUNCIL CEO Garry Hunt has been authorised to set the auction reserve price and a minimum sale price for the sale of council’s property at 998 and 1000 Wellington Street, West Perth.

Buoyancy gives Budget foundation

THE fourth Costello Budget was an interesting one from a number of points of view.

Keystart injects $199m into housing industry

THE housing industry will gain through the $199 million expansion of the Keystart Housing Scheme to a total allocation of $499 million to give 5,000 low to moderate income homebuyers access to their own homes.

WA bush receives State budget boost

RURAL WA will get a boost from some of the projects outlined in this State Budget. Nearly $40 million has been set aside for the development of the $200 million maritime support facility and the marine industry technology park at Jervoise Bay.

State Budget and RFA released

THE handing down of the State Budget and the signing of the Regional Forest Agreement with the Federal Government made for a busy start to this month.

Rock lobster first

WA’S western rock lobster fishery could become the first in the world to receive international certification as a sustainable, well managed fishery under the recently established Marine Stewardship Council.

Aquaculture in demand

WA WAS touted to more than 3,000 delegates as a world class site for aquaculture development at the recent World Aquaculture ’99 international conference in Sydney.

Government must hold firm

THE Federal Government should hold the line, press ahead with a reform agenda of the financial sector and avoid any tendency towards populist backsliding, which could undo all the good that has been done says ASX chairman, Maurice Newman.

Clough scores $116.7 in a week

THE Clough group has won contracts worth $116.7 million in just one week. The group’s Indonesian subsidiary PT Petrosea TBK has won a three year extension to a major coal mining contract in the province of Kalimantan on Borneo worth $91 million.

Females good bosses: men

ONE fifth of men think females make better managers, a 1,000 subject survey by recruiter Alectus has found.

Censoring the net must begin at home

The Federal Government’s move to censor the Internet is a cynical exercise which is doomed to fail. The Broadcasting Services Amendment (Online Services) Bill has been developed by television regulators blundering into a field they know little about.

Corporate players live life in a bubble

The current flutter of hearts along the Terrace is probably not due to coronary disease but another 20th century life threatening condition: bubble-itis.

Wood exports tipped to rise

EXPORTS of Australian sawnwood and wood-based panels are tipped to rise appreciably over the next decade as log availability increases, says ABARE executive director Brian Fisher.

Seafood better bought than caught: survey

WHILE the debate about sharing fisheries between commercial and recreational fishermen rages, it appears Western Australians would rather buy their seafood than catch it.

Quality plan to boost SW jobs

NEW jobs are expected to be created and food commodity exports boosted from the South West by a new quality assurance program.

Perth airport rates well in survey

PERTH Airport has rated highly in a survey of quality of service by the Australian Competition and Consumer Commission.

WA doctors to subcontinent

THE WA-based Australia Clinic has signed agreements with a major hospital in Pakistan and a business partner in Mumbai, Western India.

Mozambique investigated

A RECENT trade mission to South Africa and Mozambique by a WA business delegation investigated new and emerging commercial opportunities.