WA miner in diamond battle
Failed WA and African miner Kimberley Diamonds is facing scrutiny over the collapse of its last mine in Botswana, with the country’s Government waging a legal battle over ownership of $US3.3 million in diamonds. The West
Confidence rises as WA ‘turns corner’
Western Australia has started to emerge from one of the biggest economic downturns in recent Australian history, the state’s leading business group and Treasurer Ben Wyatt said. The Fin
Cyclone Joyce drenches Pilbara as Port Hedland resumes exports
Shipping has resumed at Australia’s top iron ore export hub after Tropical Cyclone Joyce but investors will be keen for an update on the impact of heavy rains over mines when the nation’s big iron ore producers release quarterly production reports this week. The Fin
Labor candidates defy discontent to back Shorten plan
Labor’s candidates for the five WA seats the party wants to win at the next election have defended Bill Shorten’s opposition to changing the GST formula, arguing voters in the State just want to see more money on the table. The West
Oil gains turn some experts bearish
Rising oil and LNG prices have set a positive backdrop for Australia’s oil and gas producers but analysts are wary of assuming the bullish tone will continue, while some are turning outright bearish after recent unexpectedly strong gains. The Fin
Public sector costs squeeze households
Government-led costs are squeezing household budgets much more than the private sector, with prices of essential services such as health and education far outstripping near-record low inflation. The Aus
Uber offer to link up with buses
Technology giant Uber says it is ready and willing to partner with the McGowan Government in public transport services after Transport Minister Rita Saffioti raised the idea. The West
The Australian Financial Review
Page 1: About $100 million appears to have disappeared from Plutus Payroll, the company at the centre Australia’s largest tax fraud case, according to a first report from liquidators who are now investigating tens of millions of dollars pumped out of the company to related entities and offshore in the past 12 months.
Page 2: Australians are eating more pork than ever before but farm gate prices have plunged to levels where many producers are struggling to break even.
Page 3: Federal investigators want the power to secretly search homes and workplaces, saying the rise of new technology such as message encryption and cryptocurrencies is making it harder to root out corruption and other serious crimes.
Page 4: Western Australia has started to emerge from one of the biggest economic downturns in recent Australian history, the state’s leading business group and Treasurer Ben Wyatt said.
Page 8: The financial heads of Australia’s biggest 100 companies have called on the government to provide inducements for equity ownership and profit-sharing schemes to lift productivity and compensate for low wages growth.
Page 14: Private equity giant TPG has recruited one of JPMorgan’s most senior Australian investment bankers, Melbourne-based Jason Mcleod, to help the firm find local targets for its multibillion-dollar war chest.
Page 15: Rising oil and LNG prices have set a positive backdrop for Australia’s oil and gas producers but analysts are wary of assuming the bullish tone will continue, while some are turning outright bearish after recent unexpectedly strong gains.
Page 18: Shipping has resumed at Australia’s top iron ore export hub after Tropical Cyclone Joyce but investors will be keen for an update on the impact of heavy rains over mines when the nation’s big iron ore producers release quarterly production reports this week.
The Australian
Page 1: Government-led costs are squeezing household budgets much more than the private sector, with prices of essential services such as health and education far outstripping near-record low inflation.
Page 4: Analysis of data by the Australian Automobile Association reveals the biggest increases in state and federal road-related taxes from 2003-04 to 2015-16 were in GST (up 51.92 per cent), vehicle registration fees (up 59.4 per cent), driver’s licence fees (up 50.27 per cent) and tolls (up 169 per cent).
Page 5: The $22 billion National Disability Insurance Scheme is on a collision course with state and federal agencies over “interface” problems with other systems such as health and aged care after revelations that a woman has spent 15 months in a hospital bed due to inaction.
Page 7: Landline phone networks servicing almost one million homes and businesses will be permanently decommissioned in the next six months, with 313,000 formal disconnections next month as the National Broadband Networkenters its peak switchover phase.
Page 15: Strong December quarter performances amid high commodity prices could provide billions of dollars of extra dividends to Rio Tinto and BHP shareholders, with the potential for asset sales to boost these further.
The West Australian
Page 1: Labor’s candidates for the five WA seats the party wants to win at the next election have defended Bill Shorten’s opposition to changing the GST formula, arguing voters in the State just want to see more money on the table.
Page 3: The McGowan Government could claim an extra $1.2 billion of infrastructure money from Canberra if it would consider ways to make the Perth Freight Link project work, according to the Federal Government.
Page 11: One of WA’s biggest builders has complained about teachers “cooking the brains” of some high school students and leaving them ill-equipped for the working world.
Page 13: Baby brain does exist, according to research which shows a reduction in the memories of pregnant women.
Technology giant Uber says it is ready and willing to partner with the McGowan Government in public transport services after Transport Minister Rita Saffioti raised the idea.
Business: Failed WA and African miner Kimberley Diamonds is facing scrutiny over the collapse of its last mine in Botswana, with the country’s Government waging a legal battle over ownership of $US3.3 million in diamonds.
A magnesium pilot project on the outskirts of Karratha has launched to test the waters for potential commercial production by the end of 2019.
