INVESTMENT in mining and heavy industry in Western Australia will nose-dive by $9 billion in 2010-11 but will then steadily recover to the current boom levels, according to new construction industry forecasts.
MORE than 300 new accommodation rooms will have opened in Broome in time for the start of this year's peak season, with a number of new developments coming online over the next three months.
FOR the second year running Perth has claimed first place in the annual Deloitte Hotel Occupancy Global Ranking index, cementing its position as the number one performer in worldwide hotel occupancy rates.
THE scarcity of credit is clearly top of mind for Western Australia's business elite, with strong concern about the role of the banking system during this ongoing financial crisis.
SHORT-TERM thinking copped a big serve from the entrepreneurs, several of whom felt it was the true villain in what has taken place in the global economy during the past six months, including the issue of executive remuneration.
Two Perth-based resource companies, Paramount Mining Corp and Prosperity Resources, will focus on projects in Indonesia in a bid to achieve early cash flow.
Western Australia has topped a survey of businesses intending to pursue acquisitions in the next three years as the global downturn lowers the price of competitors.
Perth-based engineering firm Macmahon Holdings and joint venture partner Leighton Holdings has secured a $500 million BHP Billiton contract for work on the miner's Rapid Growth Project 5 at the Pilbara iron ore operations.
The first phase of the state and federal governments' plan to boost social housing stock in WA is set to start with 286 houses, valued at $70 million, to be built by mid next year.
LandCorp and Stockland have together received a national award for the South Beach Estate, the only Western Australian winner at the Urban Development Institute of Australia Awards.
The parent company of WA lead miner Magellan Metals has taken steps to clarify misleading statements by Griffin Mining, which has dropped its proposal to acquire the Canadian company.
Fortescue Metals Group boss Andrew Forrest and his executives did not mislead investors by overstating agreements with Chinese parties, a Western Australian court has been told.
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Wesfarmers and Woodside Petroleum have continued to lead the rebound in value of Western Australian listed companies, delivering a combined increase in capitalisation of more than $5 billion during March.
The Reserve Bank of Australia's decision to cut the official cash rate by a quarter of a percentage point to 3 per cent has been hailed as a "very smart" move by economists.
Specialist cigar business, Devlin's Cigar Divan, will be forced to close its Perth and Subiaco stores if an amendment to tobacco laws is passed by parliament.
A shortage of industrial land throughout Perth has both national and international companies considering a relocation to Balcatta as an industrial site is sold for more than $7 million.
Substantial growth in the state is projected to return in the medium to long term following a decline in demand over the next few years, a new study has revealed.
East Perth-based Coretrack has teamed up with two international petroleum companies, Halliburton/DBA and Baker Hughes INTEQ, to advance its "intelligent" core-drilling technology for the oil and gas industry.
West Perth-based Equinox Minerals expects to raise around $181 million through an equity offering to investors with funds to be applied to the Lumwana copper project and to strengthen its capital position.
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Controversy over last year's disastrous BrisConnection's float has prompted market regulators to change rules governing partly paid securities, imposing a new requirement for an agreement to be signed between a broker and a retail investor.
