Australia’s largest towel manufacturer, Canning Vale Weaving Mills, plans to close its manufacturing operations in Perth and lay-off 140 staff, despite having received $20 million in state and federal government assistance over the past eight years.
When communications company Motorola selected Perth as the site for a major software engineering centre, it was hailed as a breakthrough that would support the development of new industry in Western Australia.
A small number of big companies, including Motorola, Westpac and defence contractor Raytheon, have received multi-million dollar incentives from the state government to establish or expand their Western Australian operations.
The Court and Gallop governments offered nearly $10 million in financial assistance to four call centre operators in Western Australia with a success rate of just 50 per cent.
The Western Australian government has called on its federal counterpart to beef up its Trade Practices Act (TPA) to help protect small business against predatory pricing by big business.
The role of the banks in Australia’s small business sector is crucial and will remain so. No single topic generated more discussion at the recent WA Business News SME forum than the big banks, their service, or lack of it, relationships with them and thei
Facing of a range of issues beyond their control, small businesses are having a tough time. And there appears to be no silver bullet, other than the continuing innovation, drive and determination demonstrated at a recent WA Business News forum.
The inability to attract and retain good staff, and the combination of rapidly escalating commercial rents and a shortage of warehouse and office space, are hurting small business in Western Australia.
Indian sandalwood company TFS Corporation has announced that revenue sales from its 2006 Indian sandalwood project in Kununurra totalled $19.8 million, up 62 per cent on last year’s sales of $12.25 million.
Adelaide-based Futuris Corporation Ltd this week announced its intention to compulsorily acquire West-Perth based company Integrated Tree Cropping Ltd, after attaining a relevant interest in 93 per cent of the company.
Just as one battle ends, it may well be that another is beginning.
Last week, Australian Tax Commissioner Michael D’Ascenzo made a submission to a federal parliamentary inquiry into tax issues, stating that 98 per cent of some 42,000 cases involving tax-
Having ridden the crest of a seemingly endless wave of positive sentiment and upward movement, the Australian Stock Exchange recently showed its first major signs of vulnerability in more than three years.
There has been an almost unparalleled number of floats and other capital raising in the past six months, with nearly 30 Western Australian companies raising more than $130 million and accumulating a combined market capitalisation of more than $290 million
Despite a 10-year high in business confidence, more than half of businesses in Western Australia believe another interest rate rise will take a toll on the state’s bustling economy, according to the CCI-BankWest survey of business expectations for the Jun
What is the common link between metalworkers’ union boss Jock Ferguson, Chamber of Commerce and Industry chief executive John Langoulant and recent BHP Billiton recruit Ian Fletcher?
The big changes at the top of the state government over the past six months have put the new premier, Alan Carpenter, firmly at the head of WA Business News’ fifth annual ‘Most Influential’ survey.
Most company directors would consider joining the board of global mining giant BHP Billiton the peak of their career, but for Michael Chaney it was a mere stepping stone.
Loyal Fremantle Dockers supporters will know that Premier Alan Carpenter is an avid fan but they probably don’t realise he is regularly accompanied to games by his chief of staff, Rita Saffioti, and his principal media adviser, Guy Houston.
