Westpac chief executive Brian Hartzer has backed Prime Minister Malcolm Turnbull's vision of a tech-rich Australian economy and says it can help keep the country's slow growth from turning into a recession.
A new report from Bankwest Curtin Economics Centre touts diversification of export products and trade relationships as a key part of ensuring the state’s continued economic success.
Malcolm Turnbull has been sworn in as the nation’s 29th prime minister today, after renewing the coalition agreement, pledging a second look at the ‘effects test’ and handing the water portfolio to the National Party.
Newly elected Liberal Party leader and Prime Minister designate Malcolm Turnbull has said he will lead a "thoroughly liberal government", committed to individual freedom and the market, and vowed to carefully explain and consult heavily on policy.
Former Communications Minister Malcolm Turnbull said Australia needed a leader who respected the people's intelligence and would advocate for economic change, as he announced a leadership challenge against Prime Minister Tony Abbott.
SPECIAL REPORT: Business News looks at what needs to be done to energize small business during the state's economic transition, reviews the growth of franchises in WA, and looks at the rise of women owning SMEs.
Six years on from the collapse of the big managed investment scheme promoters, stable new ownership and a low currency are boosting the state’s woodchip industry, despite the number of plantation hectares remaining almost unchanged.
Employment in Western Australia lifted in August to 1.36 million, adding around 7,000 jobs in seasonally adjusted terms on July, according to the Australian Bureau of Statistics.
The number of home loans approved in July was unchanged in Western Australia, while the national rate rose 0.3 per cent according to seasonally adjusted Australian Bureau of Statistics data.
Australians should look beyond their disappointment with recent sluggish economic growth and take heart from the economy's ability to cope with shocks, Reserve Bank of Australia deputy governor Philip Lowe says.
National retail spending has fallen for the first time in over a year, dragged down by a drop in spending on household goods, but WA's retail sector remained strong.
The competition watchdog plans to grant a regulatory exemption to WA Chip & Pulp Co, which will allow the Japanese-owned woodchip exporter to continue its partnership with international grain trader Bunge at the Port of Bunbury.
Falling exports have battered the June quarter GDP growth figures for Western Australia and nationally, but underlying demand increased more in WA than other states.
Dwelling prices rose by an average of just 0.3 per cent in Australia’s capital cities in August, with Perth being one of the poorer performers, with prices down by 1.3 per cent.
The proposed TransPacific Partnership trade agreement would have a major role to play in the development of Western Australia’s post-mining boom economy, according to foreign relations expert Gordo
Port Hedland investors and developers are proving to be resilient and opportunistic, but it remains to be seen how the Pilbara town will successfully diversify from its resources-reliant economy.
The Chamber of Commerce and Industry WA says it will join the campaign to promote the proposed Chinese Free Trade Agreement, because it will provide significant benefits for locally based companies.
Traffic outside the state parliament was brought to a standstill as unions held a rally against the free trade deal with China, saying it will be bad for local jobs and exploit foreign workers.
Australia has been ranked as the world’s sixth safest nation in which to do business, from a risk perspective, according to research by the Economist Intelligence Unit.
Western Australia’s top 10 largest private sector employers employ more than 103,200 people between them, about 2,000 fewer than last year, according to BNiQ research.
SPECIAL REPORT: It has been a tough year for job seekers in WA, but some new sectors have emerged to keep the state’s employment levels at record highs.
