The federal government says today's $42 billion stimulus package will add to gross domestic product growth but the budget will enter into a $22.5 billion deficit this financial year.
One in six BankWest customers and over 7 per cent of St George customers plan to vote with their feet and leave the bank as a result of the recent corporate activity of their bank, a new poll by Retail Banking Review has revealed.
Tourism Western Australia will visit Ravensthorpe, Hopetoun and Bremer Bay this week to assess tourism opportunities in the area following the shutdown of BHP Billiton's nickel operation in the area.
Miner Kagara has sold an 11.5 per cent stake of the company to offtake partner Transmarine for $10 million as it embarks on a share purchase plan to raise a further $26 million.
West Perth-based ipernica says it has made a number of operational changes in order to focus its activities on the two main value drivers, intellectual property assertion and the newly acquired NearMap business.
The state government has officially halted work on a major new sporting stadium and museum, preferring instead to build more public housing, establish a new childrens' hospital and police complex, and extend the northern rail line.
Treasurer Troy Buswell has revealed that state revenue has dipped a further $1 billion since the interim budget was released last month as the government moves to cap employees in the public sector at 99,155.
Straits Resources will raise nearly $80 million through a convertible notes issue to the Standard Chartered Bank and has been granted an 18-month, $25 million senior debt facility by the bank.
The Chamber of Commerce and Industry of Western Australia today called for economic reform that will support local firms, encourage new investment and create jobs during the deepening global financial crisis.
The value of projects in Australia has declined by $37.2 billion since the September 2008 quarter, with new projects failing to replenish those being completed.
Sydney-based creative agency Host has secured the strategic planning contract for BankWest's $18 million media account while Ikon Communications will handle the bank's media buying duties.
Iron ore miner Fortescue Metals Group has booked a $1.1 billion net profit in its first full half-year of mining, though in line with previous periods its result has more to do with accounting adjustments than mining operations.
BHP Billiton could redeploy some of the sacked workers from its Ravensthorpe nickel mine to its iron ore operations in the Pilbara, as the miner confirms that it will buy back 60 houses in the Hopetoun area.
The state government has announced a raft of measures to reduce the burden of excessive red tape on businesses and consumers and to bar the way to unnecessary government regulation in the future.
Oil and gas giant Chevron has set aside over $A35 billion towards capital and exploration spending worldwide in 2009, including Western Australia's Gorgon, Wheatstone and North West Shelf projects.
Nickel miner Independence Group has booked an unaudited net loss of $1.2 million for the December quarter following a $7 million write-down in investments and exploration expenditure.
Nickel miner Albidon has reached an agreement with a private investment fund for a capital injection of up to $40 million through a convertible notes issue.
Mineral sands hopeful Image Resources has signed a deal with a Chinese organisation to investigate results from its North Perth Basin project and may lead to a joint venture.
West Perth-based Tap Oil says it expects to be generating revenue at near full capacity in the coming months following the Varanus Island incident, as quarterly production jumps 42 per cent.
OZ Mineral says it will book a small loss in carrying value from the sale of its stake in Nyrstar NV for $33 million as it details where 1200 job cuts were made.
The expansion of Kalgoorlie's Super Pit gold mine has been approved after Acting Environment Minister John Day signed off on the expansion under a new set of stringent environmental conditions.
