Perth-based contractor and surveyor OTOC has obtained approval for an $8.1 million debt facility from the Commonwealth Bank of Australia, on top of an $8.2 million facility it was awarded from the CBA last year.
The Commonwealth Bank of Australia has agreed to release $2.2 million into the hands of about 45,000 of its customers who had money left on expired CBA travel money cards.
The International Monetary Fund expects Australia will have the worst jobless rate in the Asia-Pacific region, bar the Philippines, over the next two years.
US stocks have finished sharply lower after the International Monetary Fund trimmed its global growth forecast while Germany posted a second straight day of disappointing economic data.
Oil prices have sunk amid concerns about slowing economic growth, with WTI dropping to a 17-month low on expectations of a rise in US crude-oil supplies.
Vacancy across Perth’s suburban office markets contracted slightly over the past six months, in sharp contrast to the CBD commercial property vacancy rate, which has blown out since the middle of last year.
Stavely Minerals has secured a $2 million share subscription agreement with its contracted drilling services company, Titeline Drilling, under which Stavely can partly pay its monthly drilling bill in lieu of Titeline’s share subscription payment.
The share market ended an eventful day slightly lower, with gains by the big miners offset by falls from the banks, retailers and health care companies.
A Perth entrepreneur has followed in the footsteps of Toms Shoes and Zambrero, with a one-for-one proposal to benefit children’s charity, The Smith Family.
Two training facilities in the Kimberley will officially open this week after Training and Workforce Development Minister Kim Hames announced the completion of a $9.9 million redevelopment today.
Interest rates don't appear to be moving any time soon, with recent falls in the Australian dollar still failing to impress the Reserve Bank of Australia.
Perth's established suburbs accounted for just 28 per cent of all urban land development in 2012, well below the long-term 'infill' target of 47 per cent, prompting calls for regulatory reform from the Property Council of Australia.
Minbos Resources will issue more than 203.3 million new ordinary shares and 93.3 million new unlisted options to investors as part of its conversion of outstanding convertible notes and securities.
Fox Resources has announced plans to sell its Bundaberg coking coal project in Queensland, while shifting focus on developing its Western Australian projects.
Tony Abbott won't say whether the budget has improved or worsened since the coalition came to power just over a year ago, instead saying it was more "honest".