WE do indeed live in a land of confusion.
As the dust begins to settle, through the smoke and destruction of the great credit crunch of 2007/08, we can begin to observe the debris that unfettered and under-regulated consumer capitalism has wrought on th
ONE of the recurring criticisms of Western Australia is that the state is little more than a quarry for the rest of the world and that our small, one-dimensional economy drives bright, young talent to cities like Melbourne, London and Sydney.
BUSINESSES in Western Australia spend proportionately more on research and development than their counterparts in any other state, the Australian Bureau of Statistics has found.
New WESTERN Australian Fisheries Minister Norman Moore has had to deal with a heated lobster fishing industry after new plans to restrict the commercial and recreational catch of western rock lobster
AS someone who prefers small perfectly formed objects as opposed to monolithic structures, when it comes to business, the government's decision to carve up two Labor-created super departments is something I'd generally welcome.
Incremental Petroleum says its second suitor TransAtlantic could still alter its bid as another independent report lowers the value of the takeover target's shares.
Perth-based Indo Mines has received government approval to develop its $870 million Jogjakarta liquid iron project in Indonesia, the first such approval granted to a foreign company in over 10 years.
Westpac Banking Corporation has cut its standard variable home loan interest rate by 65 basis points, while the National Australia Bank has lowered its rate by 62 basis points.
The global economic turmoil has prompted West Perth-based BC Iron to review a smaller start-up operation for its Nullagine iron ore project in the Pilbara which could save its some $80 million in development costs.
Downer EDI has secured a $35 million engineering contract with BHP Billiton for expansion works at its Pilbara iron ore operations, while Paladio Group has won its third Woodside contract in two months.
The state government has appointed former resources department deputy director general, Stuart Smith, as the new chief executive of the Department of Fisheries.
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.
Allco crashes under $1bn debt burden; Receivers to take over ABC Learning; White knight tip emerges in battle for Mt Gibson control; ETS modelling under fire; Telstra issue broadband ultimatum
Perth property developer Kevin Pollock has been given a suspended three year sentence in the Supreme Court of Perth after being found guilty of fraud charges totalling over $3 million.
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.
Subiaco-based PharmAust Ltd, through its wholly owned subsidiary Epichem Pty Ltd, has entered into a joint venture agreement with Curtin University to develop oral insulin for the treatment of diabetes.
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.
United States company Cleveland Cliffs has ended its takeover of iron ore miner Portman Ltd with a 99.27 per cent interest, boosted by acceptances to its offer and on-market purchases.
Delay carbon plan, warns RBA director; Hundreds of jobs go as crisis hits miners; Stamp duty slump hits state budgets; Housing, retail downturn boost case for rate cut; China demand slowing, admits Rio
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.
