THE state government is struggling to sell its economic strategy, with around 80 per cent of respondents to a recent Chamber of Commerce and Industry of WA survey feeling there is no credible plan
Foreign Minister Julie Bishop has told the LNG 18 conference that Australia’s increasing role as an energy exporter added significant weight to the country’s strategic influence, while touting the benefits for the industry of recently signed free trade agreements.
Resources Minister Josh Frydenberg said the federal government would be pushing states to remove moratoriums on unconventional gas extraction, including fracking, he told the LNG 18 conference today.
Total chief executive Patrick Pouyanne has flagged that the next batch of LNG projects may not be as far off as some think, speaking at the LNG18 conference today.
Global oil prices have hit four-month highs, hovering just under $US45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.
Wall Street has closed higher, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season.
Woodside chief executive Peter Coleman told the LNG 18 conference in Perth today there could be opportunities for LNG producers to move further into downstream markets, particularly in developing countries, where demand for gas existed but barriers to entry had slowed take up.
The federal government's decision to inject an extra $260 million into the Perth Freight Link for construction of a road tunnel has drawn heated criticism, with the City of Fremantle saying an additional $1.4 billion was still required to address a core shortfall of the latest proposal.
Western Power advised its staff yesterday that an estimated 215 roles are no longer needed as the utility continues a three-year program that has already cut more than 300 jobs.
Gold prices have risen to their highest in almost three weeks, setting the market on course toward $US1,300 an ounce, drawing confidence from continued ultra-low interest rates.
LNG 18 conference organising committee chair Grant King is positive about the industry's future, despite the low oil price environment and a predicted short-term oversupply, saying international demand growth for electricity will underpin a need for gas.
Opposition leader Mark McGowan has committed a future state Labor government to aggressively seek more defence related work for Western Australia to help compensate for the loss of construction job
A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state’s economic future.
Treasurer Mike Nahan has called on the federal government to test a variation of its state income tax plan in Western Australia, after saying WA was again ripped off in the latest Commonwealth Grants Commission distribution.
Federal Labor has pledged to hold a royal commission into misconduct in the banking and financial services sectors if the government ignores its call for an inquiry.
Gold has jumped almost two per cent as the dollar fell to a 17-month low against the Japanese yen following minutes from the US Federal Reserve's latest meeting and falling global shares fell rekindled investor appetite for safer assets.
US stocks have dropped as oil prices slid and worries about the global economy resurfaced, dragging down the US dollar against the Japanese yen and causing investors to flee riskier assets.
Perth’s median house price remained stable at $535,000 for the three months to March, according to the Real Estate Institute of Western Australia, while reported sales activity in the metro region jumped 15 per cent.
Consumers should expect to pay less for their electricity in the long term as a result of sweeping changes to Western Australia's energy market that aim to slash the cost of supply, Energy Minister Mike Nahan says.
Parking facility operators are rarely popular among car drivers and Wilson Parking is no exception, especially given its strong foothold in Perth, where fallen entrepreneur Laurie Wilson started the firm in the 1960s.
