Perth continues to take out the title of Australia's most affordable capital city when it comes to buying houses and apartments, driven by lower property prices and low interest rates, a report released today has found.
Programmed managing director Chris Sutherland has talked up WA's economic prospects, while challenging alarmism about artificial intelligence and labour trends at a Success & Leadership breakfast this morning.
Bassendean-based Highway Construction and Central Earthmoving have secured road construction contracts worth about $29 million, while Sheffield Resources has awarded a number of contracts at its mineral sands project near Broome.
A new business backed by Quadrant Private Equity and the Perth-based family of Timezone founder Malcolm Steinberg has completed the purchase of Ardent Leisure Group's bowling and entertainment division.
Fringe World Festival is taking steps to mitigate losses to performers left $200,000 out of pocket, with plans to appoint a liquidator over the independent event company that failed to make payments.
Milk production in Western Australia has recovered to levels approaching those before the industry's deregulation nearly two decades ago, a recent report has found, while the number of milk-producing farms in the state has fallen significantly.
Federal Labor has effectively committed to end live sheep exports with its agriculture spokesman, Joel Fitzgibbon, telling an Adelaide radio station the party does not believe there is a future for the sector.
Perth's up-and-coming healthy food market was one of the factors that drew Singaporean restaurant chain Aloha Poké to the Western Australian capital, with its first international outlet opening at St Martin's Centre in the CBD two weeks ago.
National Australia Bank is spinning-off its financial advice and superannuation businesses in a move it says has nothing to do with the "shameful" industry scandals heard by the royal commission.
Less than 1 per cent of businesses paid half of Australia's corporate tax take in the year to June 2016, according to ATO data, while the financial services and resources industries were the biggest contributors.
Gains in oil and base metals prices have helped push the Australian share market higher, which is getting support from the energy, mining, and retail sectors.
The Australian dollar has followed Wall Street lower after the US Federal Reserve indicated that it is on track to raise its interest rate at its next policy meeting in June.
Oil prices strengthened slightly ahead of the settlement Wednesday as the Federal Reserve held interest rates steady and expressed confidence that a recent rise in inflation would be sustained.
Gold prices extended their gains on Wednesday after the US Federal Reserve's dovish remarks weakened the US dollar against a basket of currencies, yet bullion remained vulnerable to a possible rising greenback and weak investment demand.
State-owned Western Power will need to trim operating costs by about $100 million more than planned over the next five years under the Economic Regulation Authority's latest draft access arrangements released last night.
Aboriginal communities in Western Australia's Kimberley region have had their native title rights recognised over 12,050 square kilometre of land on the Dampier Peninsula, including James Price Point.
The state government has announced an additional $24 million in funding for grain industry research and development, taking the total figure to $45 million over the next four years.
After overhauling Tap Oil's board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.
Local shipbuilder Austal has expanded its footprint in the US with the acquisition of technology company ElectraWatch in a cash deal worth $US6.7 million ($9 million).
A Perth-based medical solutions startup has partnered with St John of God Subiaco Hospital to run a pilot for its new virtual reality x-ray software, with improved pre-surgical planning among its benefits.
Ausdrill has announced plans to sell its telecommunications subsidiary to private group Powerlines Plus (now part of GenusPlus Group), while also agreeing to take a majority stake, along with other investors, in mining technology company HiSeis.
The Australian share market has opened slightly higher despite falls in base metal prices and a mixed session on Wall Street with a promise of a record full-year profit from Qantas supporting industrial stocks.
