Western Australians are likely to reduce their discretionary and overall spending during the second half of 2024, a report from the Chamber of Commerce and Industry WA has found.
Resources royalty reliance and a lack of action on payroll tax were among the key observations from business groups digesting today's state budget – the first from Treasurer Rita Saffioti.
Payroll tax relief has unsurprisingly topped the Chamber of Commerce and Industry WA's state budget wish-list, ahead of the state's unveiling of its 2024-25 books on Thursday.
Premier Roger Cook has backed the state's environmental approvals process to meet national standards, as his federal counterparts unveiled a new statutory body but delayed full legal reform.
Federal governments would risk losing every seat in Western Australia if they tore up the GST deal, Rita Saffioti says, as pressure once again ramps up on the government to axe it.
Ongoing industrial issues at Fremantle Port between DP World and the Maritime Union of Australia is impacting WA's economy by $10.7 million per week, CCIWA has warned.
Environment and Energy Minister Reece Whitby says there is no conflict of interest in holding both portfolios, after the government announced change to the environmental approvals process.
The Chamber of Commerce and Industry WA has refreshed its push for payroll tax reform, but Premier Roger Cook has played down the prospect of major change.
Recent predictions of cooling Western Australian economic growth based on soft Chinese appetite for iron ore are pessimistic, according to the Chamber of Commerce and Industry.
Payroll tax changes will save Western Australia's largest employers around $230 million next financial year, according to state government budget papers.
The federal budget mapped out a path to ‘green hydrogen superpower' status, championed critical minerals relationships and altered taxes on oil and gas. Here's how industry responded.
Western Australia's peak business lobby has called for a quick end to debate over imposing higher taxes on mining sector profits after a lift in the petroleum sector's profit tax.
Resources minister Madeleine King says new projects will need to go above and beyond the letter of the law to navigate the sort of activism that has put Santos' $4.7 billion Barossa project on ice.
A familiar trinity of inflation, supply chain disruptions and skilled labour shortages are keeping a lid on WA business growth, with 4 out of 5 organisations struggling to fill vacancies.
The last remaining state-owned coal-fired power stations in WA will close by 2030, with the government also announcing a big investment in renewables and energy storage, including pumped hydro.
Almost 25 years after rapper The Notorious B.I.G. released hit Mo Money Mo Problems, the song title may serve as a cautionary warning for central bankers.
The opposition has accused the state government of “drip feeding” struggling businesses with ad-hoc financial support after releasing a fifth COVID assistance package.
WA business sentiment remains higher than pre-pandemic levels and the long-term average, but higher costs and supply chain issues will continue to dominate in 2022, CCIWA reveals.
Chamber of Commerce and Industry of WA has condemned “concerning” reports that businesses may be forced to pay tax on grants they received during COVID-19.
High iron ore prices meant the average Western Australian's purchasing power skyrocketed by 17 per cent in the year to June, although the state is more reliant on mining than ever.
Western Australia's unemployment rate has fallen to an eight year-low of 4.1 per cent while COVID-19 induced lockdowns have fuelled job losses in the eastern states.
Both Ben Wyatt and Josh Frydenberg have avoided big reforms to boost productivity this week, with CCI today arguing the state government missed an opportunity.
The state government has accepted the Westport Taskforce's final recommendations and will proceed with building a new, land-backed port in Kwinana by 2032.
Western Australia's planned new laws to accelerate major project approvals would be a good model for other states and should be passed through state parliament quickly, Prime Minister Scott Morrison said today.
The number of Australians in employment have fallen by 594,300 people in April, with Western Australia recording 62,300 fewer people in full- or part-time work following coronavirus-related lockdowns.
One of Western Australia's biggest employers, Crown Resorts, has stood down 95 per cent of its national workforce due to coronavirus restrictions affecting its casinos and hospitality venues in Perth and Melbourne.
About 100,000 Western Australians will lose their jobs as a result of the coronavirus, according to the Chamber of Commerce and Industry of WA, although it is unclear how much the federal government's new JobKeeper payment will reduce the damage.
The national economy put in a better than expected performance during the back end of 2019 with GDP growing 0.5 per cent in the December quarter, but the news for Western Australia was not so good, with state final demand falling.
