Belmont-based labour hire provider Go2 People has revealed it is owed about $445,000 by contractor VCS Civil and Mining, which went into receivership last week, while a director involved in both businesses has been forced to step down.
The Commonwealth Scientific and Industrial Research Organisation will work with local explorer Artemis Resources to investigate the conglomerate hosted gold recently discovered at the company’s tenements in the Pilbara.
A Perth corporate advisory firm is acting as lead manager to raise $US15 million for an Australian cryptocurrency that will make it easier for banks to verify the sources of payments they receive from the growing digital cash market.
A global upswing driven by the manufacturing and industrial sectors will provide a tailwind for Australia’s economy, according to the Reserve Bank of Australia’s quarterly statement on monetary policy, but underlying inflation is expected to remain low until at least mid 2020.
Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.
Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.
Three high-profile business people have resigned from the board of Perth Modern School, just weeks after two other board members did not seek re-election, as the fallout from a governance dispute and a review by KPMG continues.
PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss market volatility, Cooper & Oxley, Bunnings, infrastructure WA, Ron Sayers, Kelvin Ryan, and musical chairs in Perth’s law firms.
Solomon Lew is calling on fellow Myer shareholders to "save the company" with a board spill after shares in the troubled retailer plummeted to a fresh all-time low on the back of its latest profit warning.
Changes to the accounting treatment of leases to be introduced next year could pose problems for the state government’s financial boffins, bringing numerous contracts onto agency balance sheets, including potentially $1.3 billion worth in the case of power generator Synergy.