Debt-laden Centro Properties Group completed a long-term refinancing agreement with lenders today, delivering its lenders 90 per cent of the company's equity and reducing pressure for asset sales.
Share bloodbath on fears of recession; Job losses send shares tumbling; Rio chairman takes fall for BHP bid debacle; CanWest may be forced to can Ten; Gillard defiant on jobs
OM Holdings says it has received overwhelming support from its shareholders for the introduction of Takeover Protection Provisions, which have been criticised by major shareholder Consolidated Minerals.
A study into the Mount Thirsty cobalt-nickel-manganese project in Western Australia has found the $606 million operation could catapult the joint owners into the world's top five cobalt producers.
The $4 billion price tag for the Oakajee port and rail project is expected to come down as the global economic downturn lowers the price of iron ore and mining project deferrals free up contractors.
Shares in Rio Tinto have fallen by as much as 10 per cent today as the miner posts a significant drop in iron ore output during the fourth quarter as the global market weakened amid the global economic slowdown.
The state government says it will provide an additional $31 million from the Royalties for Regions Scheme to increase support to country residents needing to travel away from their homes to access specialist medical services.
State government agencies have been ordered to slash advertising spend by 15 per cent and reduce the use of consultants by $5 million each year as the government undertakes a review into advertising and communications.
The effect of the global financial crisis is expected to become evident in coming months as Western Australia's December unemployment rate falls to a seasonally adjusted 2.8 per cent.
Wesfarmers set for storm; $60bn mining projects under threat; Argyle forced to axe 300 jobs; Telstra raises stakes with job cut plans; Write-downs weigh heavily on business
TIGHT credit conditions significantly hampered commercial property sales activity in the Perth CBD last year, with the number of properties sold almost half that of 2007.
A TALE of two halves is the most apt description of capital raisings last year, with the fall-off in the latter part of the year meaning investors are likely to be more selective in 2009.
AS the state government conducts an audit on capital works projects worth more than $20 million in an effort to contain spending, a number of affected design firms have already started to count the financial costs, including redundancies.
A DISASTER or a strong recovery - that's Martin Place Securities managing director Barry Dawes's each-way bet for what's likely to pan out in equity markets in 2009.
RECRUITERS in Western Australia say the fall in job advertisements is not an accurate predictor of workplace trends, and businesses should focus on building their employment brand.
DEBT is a theme across all the top deals of 2008, something that hasn't featured previously because such matters were considered relatively boring in a market awash with cheap credit.
UK company Cape plc's acquisition spree in Australia in 2007 has continued to have extraordinary fallout, with three new competitors emerging in the scaffolding and formwork sector in Western Australia.
LISTED East Perth internet service provider iiNet was already number three in Australia when it bought local rival Westnet for $81 million, but the deal made it the dominant force in Western Australia and strengthened its national market share.
WHILE a number of aged care companies in Western Australia profited handsomely on the back of the boom, the sector overall has fallen victim to these economic good times.
PERTH-BASED IT company L7 Solutions has been awarded a multi-million dollar contract from Western Power, the latest in a string of lucrative deals for the growing organisation.
CHILDREN'S charity Variety WA has involved young volunteers in its succession planning strategy to ensure the future of the not-for-profit organisation in Western Australia.
WESTERN Australia has suffered the biggest fall in job advertisements in December as ads across the country slump to recession-like levels, a key employment measure has found.
IT took three years and a Herculean battle with the Town of East Fremantle, but Ivan Rutherford has finally completed the $2 million refurbishment of The Red Herring restaurant.
FORMER Woodside Petroleum executive Dave Agostini (pictured) has been appointed executive of the state government-Commonwealth inquiry into the Varanus Island gas explosion, along with Kym Bills of th
SOME of the state's biggest users of energy have begun publicly reporting their energy consumption, many for the first time, under the federal government's Energy Efficiency Opportunities Act.
RIO Tinto has announced the postponement of plans for an automated train operation program in the Pilbara, as part of its strategy to cut costs and debt.
