The Western Australian housing market has taken another hit today with latest figures showing building approvals falling nearly 14 per cent in September, nearly double that of the national trend.
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Western Australia's business community will have the opportunity to ask the federal government questions regarding the financial crisis, as the Chamber of Commerce and Industry WA welcomed today's rate cut decision by the central bank.
CommSec is tipping a further interest rate cut of 25 basis points next month as the central bank today slashed rates by a bigger than expected 75 basis points, a move welcomed by various lobby groups across the country.
Western Australian businesses spend more on research and development as a proportion of gross state product than business in any other state, according to data from the Australian Bureau of Statistics.
The Commonwealth Bank of Australia is the first bank to pass on some of the central bank's rate cut, lowering its standard variable home loan rate by 58 basis points.
The takeover tussle for Incremental Petroleum Ltd could be extended after the corporate watchdog asked bidder Cooper Energy Ltd to extend its deadline that it thought was final.
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Australian executives are expecting further economic turbulence in the New Year as credit market conditions, a volatile Australian dollar and inflationary pressures impact profit and investment prospects for 2009.
Gindalbie Metals Ltd plans to raise $162 million through a share placement to Chinese project partner AnSteel to cover its final payment towards the $1.8 billion Karara iron ore joint venture.
Western Australia has recorded the biggest drop in newspaper job advertisements for October, in line with the national decline as firms shied away from hiring staff in a slowing economy, a survey says.
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The Western Australian housing market is tipped to bottom out this December quarter as new homes sales during September jumped 19.5 per cent, however Perth remains the worst performer in property values.
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The Chamber of Commerce and Industry WA and the Chamber of Minerals and Energy say the federal government's economic modelling of its proposed emissions trading scheme has confirmed their concerns about the scheme and its impact on the state.
Early action to tackle climate change will reduce gross national product by just a tenth of a per cent a year, with the economy continuing to grow strongly, the federal government says.
Treasurer Troy Buswell has approved a continuation of the costly Office of Shared Services project but has placed it on notice that remaining implementation and budget targets must be strictly adhered to.
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WESTERN Australian businesses and recruiters have expressed concerns over possible cuts to Australia's migration intake, calling for a state-based approach to immigration quotas.
TOP executive salaries in Australia's 100 largest listed companies increased three times the average adult wage from 2001 to 2007 and more than five times greater than the consumer price index, according to a recent national survey.
THE buoyant economic conditions that prompted the recent wave of new retail developments in the Perth CBD are starting to turn, and while inquiries from retailers remain strong, a downturn in retail spending may dampen demand.
WHILE much of the focus on the new state government's advisers has been on the newcomers from Canberra, most of the key players are locals, many with experience from the previous Liberal government of
IF media attention and headlines are anything to go by, then Brendon Grylls is very much the most influential of the new ministry surrounding Premier Colin Barnett.
THERE has been an intense focus in recent weeks on the impact of global financial trends on Western Australia's economic prospects but recent policy decisions have highlighted the equally important impact of government.
WABN: What is the best piece of advice you can give someone to motivate a team? PK: "You need to provide a team with a sense of purpose and a collective vision.
