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Australian Business News

AirAsia adds new destinations

January 17th, 2012

AUBJ — January 17 — Budget carrier AirAsia X has introduced new flights from Sydney to Kuala Lumpur, Bali and Phuket, effective of April this year. The new routes will make getting to Asia quicker and cheaper than ever before, with prices starting at $99 one way. AirAsia X already flies to KL ... Read More

ANZ begins blitz on jobs

January 17th, 2012

AUBJ — January 17 — The first round of job cuts at ANZ Bank has been put into effect amid tough domestic and global economic conditions. Today, 130 people have been made redundant after ANZ said it was a necessary move in order to offset rising costs and flat revenue growth. 95 jobs were cut [... Read More

Australian bankruptcy blow

January 16th, 2012

AUBJ — January 16 — A record-breaking 9,178 businesses went bankrupt between January and November last year, according to new data from the Australian Securities and Investment Commission. This figure is up 22 per cent higher than the average of previous years and up 10 per cent when compared to... Read More

Inpex joins the Ichthys project

January 16th, 2012

AUBJ — January 16 — Naoki Kuroda, chairman of Japan’s Inpex Corp, has announced the company’s approval of development of the US$34 billion Ichthys project in Western Australia. Ichthys is now the second-largest resources project undertaken in Australian history, pipped to the post only by C... Read More

Alltype Engineering called back to the stage

January 13th, 2012

AUBJ — January 13 — Alltype Engineering has won the Reverse Osmosis Rack Fabrication and Pipe Spooling package for the second stage of the Southern Seawater Desalination Plant in Binningup, Western Australia, after successful completion of stage one. First stage operations were completed in Sep... Read More

Morgan, Morgan, on the wall, who is the most popular of them all?

January 12th, 2012

AUBJ — January 12 — Virgin Australia is catching up with Qantas in the race for the title of most popular Australian airline. Despite the airlines turbulent year, Qantas has managed to top the customer satisfaction table, but the Roy Morgan survey shows Virgin Australia to be hot on its heels. B... Read More

Oracle’s online offer

January 12th, 2012

AUBJ — January 12 — Perth-based SEO company Oracle Digital has announced the return of their free website offer, Wordpress, to new customers. Wordpress websites are noted by many of the worlds leading corporations for their speed, versatility and for being recognised in search engines such as G... Read More

IBISWorld predictions for 2012

January 12th, 2012

AUBJ — January 12 — Motor vehicle manufacturing and diamond mining have been predicted to be the fastest growing industries in Australia this year, while iron and steel manufacturing and institutional building will be the weakest, according to market researcher IBISWorld. The annual Fly or Fall ... Read More

Southern Star‘t to finish’

January 11th, 2012

AUBJ — January 11 — Rory Callaghan, CEO of Southern Star has resigned after five years at the production house. “A new opportunity has come my way,” Callaghan said and despite revealing that he would stay in production in Australia, he has not disclosed the name of his new employer. “I’... Read More

A mining mishap

January 11th, 2012

AUBJ — January 11 — Three miners were injured at the Agnew underground gold mine in West Australia when sheets of roofing mesh propped up against a wall fell on them at 5 am this morning. A 38 year old man was reported to have fractured his leg, a 31 year old man endured chest [...]... Read More

Port Hedland braces itself for Cyclone Heidi

January 11th, 2012

AUBJ — January 11 — Port Hedland, the largest iron-ore port in the Pilbara region, has been closed due to heavy rain and storm warnings as Cyclone Heidi crosses the Indian Ocean. Mining companies were forced to suspend loading ships and energy giant Woodside closed down operations at several oi... Read More

Contraction slows in construction sector

January 9th, 2012

AUBJ — January 9 — The Australian construction industry contracted at a slower pace in December, as weakness in the residential building sector was partly offset by the resource boom, according to a new report. According to the survey released by the Australian Industry Group and the Housing Ind... Read More

FIFO demand boost to Qantas

January 9th, 2012

AUBJ — January 9 — Australian flag carrier Qantas has announced plans to capitalise on the country’s booming resources sector as it looks to combat its falling market share. The airline recently acquired charter unit Network Aviation, giving it an additional 14 aircraft over the next 12 month... Read More

Iron ore exports rise at WA port

January 6th, 2012

AUBJ — January 6 — Figures released today by the Port Hedland Port Authority have revealed that the port, home to BHP Billiton, Fortescue Metals Group and Atlas Iron, saw iron ore exports rocket to 217.3 million metric tonne in 2011 — up 18.4 per cent on 2010 volumes. The Authority stated tha... Read More

Construction surge highlights strength of mining sector

January 5th, 2012

AUBJ — January 5 — Construction work on new resources projects in Australia’s mining sector went up 31 per cent in 2011, despite the economic woe experienced in other markets across the globe last year. Despite previous warnings from the Construction, Forestry, Mining and Energy Union that th... Read More

Christmas travellers bring boost to Queensland economy

January 5th, 2012

AUBJ — January 5 — Queensland’s economy has been given a “shot in the arm” by the success of its travel sector during the Christmas period, according to Queensland minister for tourism Jan Jarratt. Jarrett attributed the influx of tourists to the good weather experienced over the festive p... Read More