THE credit crunch continues to tighten conditions in the Perth property market, with some new apartment developments requiring close to 100 per cent pre-sale to proceed.
THE aged care industry has warned that Western Australia is heading into dangerous territory, with only a quarter of the 1,300 bed licences recently made available by the federal government expected to be taken up.
FISHING and pearling group MG Kailis Holdings Pty Ltd slipped into the red in the past financial year after a combination of poor economic factors and isolated catchery issues hit the Fremantle-based company.
PERTH'S not-for-profit sector appears to be less exposed to the financial crisis than similar groups in the eastern states, which are bracing for a cutback in donation pledges and sponsorship deals from business.
AUSTRALIA'S largest mortgage aggregator, Australian Finance Group, has reported strong growth in profits for the 2008 financial year, but the entire industry is struggling in the current economic climate, and the extended outlook is far from clear.
BUILDING a business on strong personal relationships has proved a successful formula for the owners of West Perth-based Fiori Coffee, who recently received a national accolade for their coffees.
The Australian stock market made its biggest daily percentage gain in 11 years on Tuesdsay, with shares closing up more than 5 per cent, boosting the value of all stocks on the bourse by $37 billion.
MAJOR local superannuation fund -Westscheme has brought forward valuations of unlisted assets as the global financial crisis buffets investments across the spectrum.
DAVID Nixon was voted out as Atlas Iron chairman at the company's annual general meeting last week. Mr Nixon ceases to be chairman of the company after two and half years in the role.
A wholly-owned subsidiary of ANZ Banking Group has offered to pay $130 million for Babcock & Brown Power's interests in two Western Australian power stations.
Catalyst Metals chairman Nathan McMahon says he will defer his salary as the company begins its strategy to reduce its non-core assets in light of the financial crisis.
Treasurer Troy Buswell has indicated an end to Western Australia's revenue boom, while releasing budget data showing a sharp fall in the state's surplus.
The planned listing of billionaire Clive Palmer's Resource Development International in Hong Kong has been delayed, Australasian Resources confirmed today.
Around 47 ABC Learning childcare centres will remain open in Western Australia next year while the future of a further 43 is up for review, receiver Chris Honey of McGrathNicol says.
Shares in Atlas Iron have climbed as much as 14 per cent today on the back of a substantial increase in its Pilbara iron ore deposit, as the board prepares to meet following last week's shocking events.
The Liberal-National government has moved to progress two of Perth’s most important urban redevelopments - calling for public comments on plans for The Link and Riverside projects.
Shareholders will now decide on the outcome of Mount Gibson Iron's deals with Chinese companies APAC Resources and Shougang, after final binding off-take agreements were signed today.
Privately-owned Talison Minerals said some 200 jobs will be lost as it suspends work at its Pilbara located Wodgina mine, the worlds largest tantalum operation.
Fortescue Metals Group has told engineering company NRW Holdings to walk off the Cloudbreak-to-Christmas Creek rail line site in the Pilbara because construction has been deferred.
Rio savaged after BHP walks from hostile bid; Labor swings balance to workers; China signs $20bn LNG deal; Qantas aborts mainline services; Long view urged on infrastructure needs
The value of BHP Billiton's Ravensthorpe and Yabulu nickel operations have been written down by $US2.1 billion ($A3.3 billion), which equates to three quarters of its total investments in the related projects.
Former Western Australian Premier Carmen Lawrence has today been appointed to the board of the Rio Tinto WA Future Fund, replacing founding board member Kerry Sanderson.
