Georgiou Group has secured a contract for the design and construction of a new interchange at Roe Highway and Kalamunda Road, as it reached a key milestone on a second infrastructure package at Perth Airport (see video).
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012.
Empired plans to undertake a buy-back of up to 10 per cent of its shares, while also announcing that it would cut operating costs and capex in the current financial year to help boost earnings.
US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.
SPECIAL REPORT: Carol Innes is heartened by the positive steps already taken towards reconciliation, despite the enormous amount of ground still to be covered.
SPECIAL REPORT: Helen Milroy believes courage, effort, and collaboration are needed to help heal intergenerational trauma suffered by indigenous Australians.
SPECIAL REPORT: Reconciliation Action Plans are used by hundreds of organisations across Australia to deliver better outcomes. Click through to our Indigenous Development feature.
Oil prices pared gains overnight after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna.
Gold slid by as much as two per cent overnight as the US dollar rallied and investors flocked to higher-risk assets after the agreement to resume trade talks between the United States and China.
Fresh supermarket proposals are emerging across a range of near-city suburbs, including Highgate, West Perth, Nedlands, Inglewood and Como, as retail groups respond to community demand for modern shopping facilities.
Macmahon Holdings has responded swiftly to last week’s unexpected retirement of two directors, including chairman Jim Walker, by reappointing Vyril Vella to its board.
Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.
Western Australia’s listed companies have trailed the broader market in the past year, with the Business News BN30 index rising 5.2 per cent as the ASX 200 lifted 7.2 per cent.
Gruyere 50/50 joint venture partners Gold Fields and Gold Road Resources have poured first gold at the $621 million project located 200 kilometres east of Laverton.
Veris has flagged operational and executive management changes following a review of the business, as the surveying services company seeks to reduce costs by around $3 million per annum.
Perth house prices recorded the biggest decrease amongst state capitals for June, continuing the long-term slump, according to CoreLogic data released on the same day the state government's Keystart stimulus began.
Fortescue Metals Group’s recent awarding of $179 million in contracts to Aboriginal businesses highlights two different approaches to indigenous development.
The state government has fined BGC Residential and nominated supervisor Thomas Edmund Starkey $22,000 and $10,000 for breaching building registration laws after roof defects were found in two Perth homes.
The Australian share market has opened higher, with almost every sector recording a positive start on the first day of the new financial year after the US and China agreed to restart trade talks.
