The federal government says today's $42 billion stimulus package will add to gross domestic product growth but the budget will enter into a $22.5 billion deficit this financial year.
One in six BankWest customers and over 7 per cent of St George customers plan to vote with their feet and leave the bank as a result of the recent corporate activity of their bank, a new poll by Retail Banking Review has revealed.
Miner Kagara has sold an 11.5 per cent stake of the company to offtake partner Transmarine for $10 million as it embarks on a share purchase plan to raise a further $26 million.
West Perth-based ipernica says it has made a number of operational changes in order to focus its activities on the two main value drivers, intellectual property assertion and the newly acquired NearMap business.
Straits Resources will raise nearly $80 million through a convertible notes issue to the Standard Chartered Bank and has been granted an 18-month, $25 million senior debt facility by the bank.
The Chamber of Commerce and Industry of Western Australia today called for economic reform that will support local firms, encourage new investment and create jobs during the deepening global financial crisis.
Sydney-based creative agency Host has secured the strategic planning contract for BankWest's $18 million media account while Ikon Communications will handle the bank's media buying duties.
Oil and gas giant Chevron has set aside over $A35 billion towards capital and exploration spending worldwide in 2009, including Western Australia's Gorgon, Wheatstone and North West Shelf projects.
Nickel miner Albidon has reached an agreement with a private investment fund for a capital injection of up to $40 million through a convertible notes issue.
A federal committee has endorsed a High Court decision related to the collapse of WA miner Sons of Gwalia that allows certain shareholders to rank equally with creditors.
The Office of Energy has recommended a 55 per cent increase in small business electricity prices, even higher than the increase it proposed in a draft report released last year.
Shares in industrial software provider ISS Group have slumped 32 per cent as the downturn forces the company to withdraw its profit guidance, cut jobs and a proposal to scrap the interim dividend.
Shares in Wesfarmers have slipped today as the company launches the retail component of its capital raising efforts in a bid to reduce its debt position.
Malaga-based Advanced Engine Components has received a $1.2 million order for its natural gas vehicle system kits from Chinese company Aussen Engine (Dalian) Co.
Treasurer Troy Buswell has flagged further cuts in government spending as ratings agency Moody's warns the state's AAA credit rating will be at risk should the budget slide into deficit.
PLANS for the first children's advocacy centre to be built in Australia have been stymied by bureaucratic red tape, threatening the centre's March 2010 opening date.
BUSINESS brokers say the fear of retrenchment, tightening credit conditions and the search for strong cash flows are driving the market, as buyers and lenders continue to tread with caution.
LOCAL engineering firms were bombarded with calls from underprepared local councils at the end of last year seeking assistance in applying for the federal government's infrastructure handouts.
TALK of further consolidation among stock broking firms has come to pass with Patersons Securities unveiling its latest merger deal, with Melbourne-based Tolhurst Group, this week.
