RESEARCH has shown that Australian businesses involved in importing and exporting in the current economic climate are becoming dissatisfied with the trade loans provided by their financiers.
FEDERAL schemes designed to increase the uptake of solar panels have created plenty of business for companies like Solar Unlimited, but the rapid expansion is providing a major management challenge for the Western Australian firm.
At least 10,000 jobs are forecast to go in Western Australia over the next 18 months as an economic forecaster projects a 50 per cent fall in mining investments over the next two years.
Mining services company Emeco Holdings has revised down its full year earnings forecast as it books a 30 per cent lift in half year net profit after tax of $39 million.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
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Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
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The Chamber of Commerce and Industry of WA has identified 33 government agencies which it believes are superfluous and, subject to review, need to be consolidated, abolished, or have their services privatised or contracted out.
Perth-headquartered Cash Converters has lifted its full-year net profit guidance to up to $15 million as it delivers a record first half profit result, boosted by acquisitions in Australia and the UK.
Vietnam opened its first oil refinery on Sunday after more than a decade of delays, with Prime Minister Nguyen Tan Dung declaring the complex vital for "national energy security".
The sluggish property market has impacted Cedar Woods Properties which reported a net loss of $5.6 million for the first half of the 2009 financial year, down from the prior corresponding period's net profit of $4.6 million.
Mineral sampling equipment manufacturer Essa Australia expects to remain profitable during the second half of this financial year after it posted a 34 per cent drop in its interim net profit.
Oil and gas services company Mermaid Marine Australia has reported a 63 per cent lift in its interim net profit on the back of higher margins from its international business.
Shares in Carnegie Corporation have risen as much as 27 per cent in trade today on the back of the state government investing $12.5 million in the company's new low-emissions power station off the coast of Albany.
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Premier Colin Barnett remains optimistic that Inpex may change its mind over the location of its $15 billion liquefied natural gas project after meeting with the company's senior executives.
Global Construction Services says it will take a more conservative approach to acquisitions as it delivers a 15 per cent increase in its interim net profit of $5.4 million.
The state government has named Mirvac/Cbus Property as the preferred proponent for the redevelopment of Perth's Old Treasury Buildings following an extensive evaluation process.
THREE Western Australian companies servicing the resource sector have managed to defy the economic downturn to report record sales and profits in the half-year to December 2008.
The Western Australian Trade Enquiry Service is operated by the Chamber of Commerce and Industry WA with the support of the WA Government's Department of Industry and Resources.
BUSINESS owners in Perth are increasingly seeking professional advice on how to deal with the federal government's industrial relations reforms and the implications for their future staffing needs amid a worsening global economic climate.
