The state government expects lower contracting and construction rates will deliver savings of more than $1 billion on its asset investment program over the next four years, but has not committed to any major new infrastructure projects.
The state budget assumes iron ore prices will average about $US47.70 a tonne in the coming financial year, substantially higher that what most forecasters have been tipping, and also includes a $41 million royalty concession for magnetite producers.
Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power’s Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.
The Barnett government expects to deliver Western Australia’s largest budget deficit of $3.9 billion next financial year as it continues to grapple with shrinking revenue and higher spending.
The Australian Securities Exchange has confirmed plans to toughen its listing requirements to maintain the integrity of the market, including changes that will address what it says are emerging issues with backdoor listings.
Reiwa members reported a decrease in weekly sales to 549 this week. The overall 19 per cent decrease in sales over the week is attributed to an 18 per cent decrease in sales for houses, 15 per cent for units and 33 per cent for land.
Embattled Perth Lord Mayor Lisa Scaffidi has lost the support of her deputy, with James Limnios calling for her to step aside following the release of another report into her conduct.
Newly appointed Labor candidate for Fremantle, Josh Wilson, says he sympathises with the man he has replaced in what he has described as extraordinary circumstances.
Junior gold miners Dynasty Resources and Orinoco Gold have announced plans to raise a combined $2.6 million to fund ongoing work at their respective projects.
US stocks dropped and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.
Treasurer Mike Nahan has poured cold water on a report that argued Western Power was a major cash spinner for the government, saying the corporation paid a net dividend of less than $30 million to the state last year.
The Department of Sport and Recreation and the organising bodies for several leading water sports have formed an Aquatics Strategic Steering Group to oversee a review into the state of the sector a
The gap between the state’s minimum wage and the national floor should be reduced to prevent putting low-paid workers at risk of job losses, according to the Chamber of Commerce and Industry of WA’s submission to the upcoming state wage case.
More than 800 Western Australian real estate agents have signed up to join followit, an app designed to bring a social media-style interface to property advertising.
Subiaco-based Paynes Find Gold is seeking to become a lithium miner through the reverse takeover and backdoor listing of a European mining company backed by local businessman Tony Sage.
BHP Billiton boss Andrew Mackenzie is confident that the resources behemoth can boost its value by more than 70 per cent, even without a significant recovery in commodity prices.
Australian energy company AWE has knocked back a $421.4 million takeover bid from a private equity firm, labelling the offer opportunistic and below fair value.
Aspermont has announced plans to raise up to $10 million by offering shares to investors and converting debt, as it seeks to shore up its balance sheet.
