The federal government will not make changes to the GST this term despite a recommendation from an independent economic body, Finance Minister Mathias Cormann has indicated.
Kerman Contracting has continued its run of success this year, securing a contract to develop new infrastructure at Rio Tinto’s Pilbara iron ore operations and in the process lifting its work in hand to $290 million.
Southern Cross Electrical Engineering is the latest WA based company to commence an on-market share buy-back, as the trend towards returning capital to the market continues.
The state government will invest an additional $591 million to deliver the Perth Freight Link, including the Roe 8 extension, by 2019, with a plan to fund the investment through the first heavy vehicle user charge in the Perth metropolitan area.
Community interest in the controversial practice of fracking has prompted Western Australia’s environmental watchdog to issue advice on how it will assess shale and tight gas proposals.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
Forecasting firm BIS Shrapnel has tipped the Perth office vacancy rate to peak at 23 per cent by 2018, a figure significantly higher than the expectations of the city's leading commercial property agents.
Construction giant Leighton is handing over a 50 per cent share in its services operations to a US investment firm in a deal valuing the business at $1.075 billion.
Boart Longyear is asking investors to support a $400 million bailout package for the troubled mining services company after calling a special shareholder meeting.
Oil prices in New York have stabilised but European crude have sunk again after a Kuwait official said OPEC would not take emergency actions to stop prices from falling.
Gold futures have fallen on fears of a hawkish monetary policy statement from the Federal Reserve and concerns about the Russian rouble's continued decline.
Woodside Petroleum has substantially reshaped its project portfolio after buying a minority interest in Chevron’s half-built Wheatstone LNG plant, postponing its planned Browse LNG project and acquiring a stake in a Canadian LNG development.
Peninsula Energy has secured $69.4 million in fully underwritten institutional funding for its Lance projects in Wyoming, enabling the company to transition to a uranium producer in 2015.
Mineral developer IMX Resources will sell part of its Ntaka Hill nickel mine to Mauritius-based private equity company Fig Tree Resources Fund II, with plans to use the cash to fund its nearby graphite project.
Mining contractor Barminco Holdings has taken advantage of the falling Australian dollar to repurchase $US36.9 million of its US high-yield bonds, through a transaction that did not require the use of cash reserves.
The state government is proceeding with plans to create a City of Perth Act as part of its reform of local governments, with cabinet approving the drafting of legislation to be released early next year.
Department store chain Kmart is set to move its Western Australian distribution centre from Canning Vale to Jandakot, with plans in motion to establish a $40 million facility at Jandakot Airport.
The share market has hit its lowest level in more than 10 months as falling commodity prices contributed to a sixth consecutive straight day of losses.
Banks should be forced to hold more capital in order for them to impress their offshore creditors, the head of the government's financial system inquiry says.
Crane hire company Boom Logistics is relying on staff cuts and surplus asset sales to pay down debt amidst challenging market conditions, the company said today.
The state’s private electricity providers have warned that an unfavourable result in the Energy Market Review could cause problems for independent operators, ultimately stifling competition and putting pressure on power prices.
This week, Treasurer Joe Hockey and Finance Minister Mathias Cormann said this was the year that the government "commenced the critical task of repairing the budget".
Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.
