Busybee
Norgdom
Perth MusicBusiness
'Mobile market recovery expected'
1pointsINCOMING Singapore Telecommunications Ltd boss Chua Sock Koong expects a recovery in the Australian mobile market after a period of consolidation and growth in broadband. "We have seen some consolidation (in Australia), largely because of the comp…
Rio Tinto sells Ashton stake for $35m
1pointsDiversified miner Rio Tinto Ltd confirmed that it has sold its majority shareholding in Ashton Mining of Canada Inc, for $US26.1 million ($A34.8 million) and 25.6 million shares in pu
Thai military coup rattles markets
1pointsThailand's unexpected overnight military coup rattled Asian financial markets on Wednesday and pressured the Thai baht and other regional currencies, though its economic repercussions remained unclear.
World Bank Launches Plan to Help Women
1pointsThe World Bank on Saturday launched a four-year plan to promote greater economic opportunities for women in developing countries. The $24.5 million initiative will fund new World Bank efforts to further gender equality in areas of development that…
Australian Regulator Starts Court Proceedings Against Alinta
1pointsAustralia's national competition regulator started proceedings in the Federal Court against Alinta Ltd. in relation to the Perth-based utility's acquisition of a natural gas pipeline in Western Australia.
Bouvard kicks on with a bumper $50m profit
1pointsPERTH developer Port Bouvard has delivered a bumper profit on the back of the booming West Australian property market just two months after reversing plans to wind up the company. The group posted a $49.9 million full-year profit yesterday, which…
FPA removes Perth Chapter chair
1pointsFormer Perth Chapter chairman Julie Matheson has responded to her removal from the position by the Financial Planning Association’s (FPA) national board last week by announcing her own candidacy for the national board. Matheson was ‘permanentl…
EFTel announces $3.1m EBITDA in acquisition-heavy year
1pointsAfter an acquisition-heavy year, Perth-based internet service provider EFTel Ltd has announced an EBITDA of $3.1 million. The company has registered a a 56 per cent fall in net profit to $1.1 million for the year ended June 30, 2006 on the introdu…
WA's Evans & Tate books $63.9m net loss
1pointsStruggling winemaker Evans & Tate Ltd says it is now better equipped to deal with Australia's wine glut after booking an annual loss in a "horror year". The Western Australia-based company booked a net loss of $63.9 million for 2005/06, narrowing…
Bourse caution ahead of US inflation data
1pointsTHE Australian equity market is expected to receive a mild kick-along from last week's strong finish on Wall Street, as a fall in oil prices helped reverse losses made earlier in the week. The Dow Jones industrial average lifted 60.67 points to 11…
Forests tax scheme set to be reviewed
1pointsThousands of investors in plantation forests will have their generous tax deductions threatened under restrictions to be considered by federal cabinet. The crackdown, proposed by Assistant Treasurer Peter Dutton, is designed to tackle managed inve…
Business Better Than Sex For Searchers
1pointsResearch performed at Queensland University of Australia in Brisbane, Australia, dumped a cold shower on the long-held perception that people do more searching for sex than they do for business or e-commerce ideas.
Australian fund manager agrees to buy S8
1pointsMFS, an Australian fund manager and resort operator, said Monday that it has agreed to buy S8 for 648 million Australian dollars, or $499 million, to expand its management of holiday apartments and travel services.
Wesfarmers makes $700m bid
1pointsDIVERSIFIED industrial company Wesfarmers Ltd has made a conditional cash offer of $4.50 a share for insurance and financial services provider OAMPS Ltd, valuing the company at $700 million.
Perth office developments worth $180m get the nod
1pointsThe City of Perth gave two thumbs up in its council meeting last night to Luke Saraceni and Hossean Pourzand's $120 million Raine Square development, as well as Cape Bouvard and Charter Hall's $60 million, 21-level office tower at 54 Mounts Bay Road.…
Recent Comments