The federal government's planned flood levy has attracted vigorous debate, but a larger issue is the setting of spending and infrastructure priorities.
THE receiver for the $500 million Raine Square office tower says its financiers were unable to accept any refinancing proposals put forward by the developer because the project was no longer profitable.
UNCERTAINTY in the Australian international education sector hasn't stopped provider Navitas from delivering a $32.6 million profit after tax for the half-year to December 31, up 18 per cent on the previous year.
WHILE the only way is up for developments in Scarborough – with at least five buildings above eight stories approved late last year – the beachside precinct still has some way to go before its transformation as modern tourism district is complete.
THE state government is moving to the next phase of its redevelopment of the Perth Cultural Centre, with six tenders currently being advertised from which a team of consultants will be selected to develop a master plan for the precinct.
INVESTORS will recover an additional $67.5 million from Westpoint Group after the nation's top corporate regulator agreed to settle litigation against Westpoint's directors and accounting firm KPMG.
STARTING out in 1991 as a remote area housing manufacturer, Lowrie Constructions has gone from strength to strength since refocusing its business to build electrical switch rooms for resources projects.
The resources sector says workplace relations have become substantially more difficult under Labor's Fair Work Act, with unions having an increased influence, according to a recent survey of employers.
Apex Minerals says it will seek to raise $22.6 million through a 1 cent per share rights issue and a 1.8 cents per share placement to institutional investors to pay out its gold upside participation notes.
Perth-based advanced materials group Quickstep Holdings will move its manufacturing base to Sydney, after signing a 20-year, $700 million agreement to supply parts for the international F-35 Joint Strike Fighter program.
Western Australia's new home market is seemingly emerging from its three-year trough, with sales increasing for a third consecutive month in December, industry figures show.
The state government has announced Alcock-Brown Neaves Group will build 80 new homes in the Karratha suburb of Tambrey, as part of its Pilbara Cities initiative.
Rents are set to rise in Perth as competition between tenants hots up, and the tightening could help trigger a recovery in the broader residential market, REIWA president Alan Bourke says.
Wah Nam International says it will proceed with its takeover bid for Brockman Resources, after the Takeovers Panel rejected an application that Wah Nam had acquired Brockman shares in breach of the Corporations Act.
Out-of-pocket investors will recover an additional $67.5 million from Westpoint Group, after the Australian Securities and Investments Commission agreed to settle litigation against Westpoint's directors and accounting firm KPMG.
Perth-based residential developer Cedar Woods has announced a profit guidance of $27 million for financial year 2011, an increase of 12.5 per cent on the previous year.
Aspen Group major shareholder Entrust Funds Management has confirmed it has requested a meeting of shareholders to discuss replacing most of the current board, including managing director Gavin Hawkins.
Jupiter Mines has raised $150 million to develop its Western Australian iron ore projects, Mt Ida and Mt Mason, and its Tshipi Borwa manganese operation in South Africa.
West Perth-based copper explorer Altona Mining is seeking to raise $70 million to fund development of its Outokumpu project in Finland and exploration activities at its Roseby project in Queensland.
Oakajee Port and Rail, which is in the midst of sensitive government negotiations over its planned Mid West development, has bolstered its ranks with the recruitment of senior Commonwealth Bank executive Wayne Zekulich as chief financial officer.
BC Iron has become the first Pilbara junior iron ore miner to transport product on a third party's infrastructure, with the first ore from its Nullagine joint venture shipped to Fortescue Metals Group's Herb Elliot Port.
TOUGH workmen and purple boots may not seem the most comfortable fit, but for Steel Blue and Breast Cancer Care WA what started as a gimmick to raise a modest sum has turned into a successful awareness and cancer support campaign.
