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Australian Business News

SEEK co-founder crowned Australia’s top entrepreneur for 2013

SEEK co-founder crowned Australia’s top entrepreneur for 2013 Andrew Bassat, Chief Executive Officer and co-founder of pioneering online job marketplace SEEK, is the 2013 Australian EY Entrepreneur Of The YearTM, taking out the top accolade ahead of 27 other national finalists at a gala awards cer... Read More

Australia’s Middle Island remains focused on acquiring Niger gold mine

TheAUBJ–20 November–The acquisition of a majority interest in the Samira Hill gold mine and mill in Niger remains a priority and is being pursued, according to the Australian owner of the highly prospective gold exploration permits surrounding the mine, Perth-based Middle Island Resource... Read More

Singapore Funds Key to Australia-African Mining Investment

TheAUBJ–18 November–Top-tier Singaporean investment funds are being targeted today as potential frontline drivers of a new growth era in Australia’s current and committed $65 billion investment to date in developing Africa’s mineral wealth. The push comes as Singapore continues to sh... Read More

Cafe owners should “wake up and smell the coffee” before renewing bid to end penalty rates

TheAUBJ—15 November–An end to weekend penalty rates for restaurant and catering workers would add to an already severe skills shortage and significantly lower standards in the hospitality sector, according to a leading workplace relations expert at the University of Sydney Business School. T... Read More

Mining boom set to continue: BIS Shrapnel

TheAUBJ–14 November– Despite a predicted sharp fall in mining investment, the mining sector will continue to be a positive driver of economic growth in Australia over the next five years,according to a new report from leading independent economic forecaster and industry analyst, BIS Shra... Read More

Former PM Kevin Rudd quits federal politics

TheAUBJ—13 November—Former Prime Minister Kevin Rudd has announced his retirement from politics. “I will not be continuing as a member of this parliament beyond this week,” he told parliament, noticeably holding back tears. “This has been the product of much soul-searching for us as ... Read More

News Corp Revenue Drops 22 per cent

TheAUBJ–12 November–News Corp reported first quarter results for Fiscal 2014, with a drop in revenue following major restructure three months ago. Commenting on the results, Chief Executive Robert Thomson said:“Our first quarter as the new News was the beginning of a journey in the dig... Read More

2014 ACT Australians of the Year announced

TheAUBJ–12 November– Chief Minister Katy Gallagher this evening announced neonatal specialist, Associate Professor Zsuzsoka Kecskes, as the ACT Australian of the Year for 2014 at a ceremony at the National Arboretum. “The Australian of the Year Awards recognise the hard work and de... Read More

November 11 marks Remembrance Day

TheAUBJ–11 November–At Remembrance Day services being held across Australia, today we remember the armistice which ended the Great War and the sacrifice of our armed forces in times of conflict. A press release from the office of the Prime Minister reads, “On Remembrance Day we sto... Read More

Melbourne CBD commercial office transaction volumes smashing records

AUBJ-5 November–Melbourne CBD commercial office transaction volumes (above $5 million) could hit $2.25 billion by year end given to date they have already reached $1.8 billion,  the highest total recorded in 25 years. While the physical market conditions remain challenging, investor demand fo... Read More

“The Race that Stops the Nation”

AUBJ–5 November–Emirates Melbourne Cup Day sits at the pinnacle of the Australian racing calendar and is the focal point of the Melbourne Cup Carnival. There’s nothing like being there amongst the 100,000 plus crowd to experience this unique event. It’s an exhilarating day that p... Read More

Values continue to rise in October fuelled by Australia’s three largest cities

AUBJ–1 November–Australian capital city dwelling values increased by 1.3 per cent in October, driven largely by the Sydney housing market as well as significant value growth in Melbourne and Brisbane. The release today of the RP Data and Rismark International October housing market resul... Read More

BHP donates $500k to help bushfire victims

AuBJ – 30 Oct – Top mining company BHP Billiton has donated AU$500,000 to Red Cross emergency response to help people impacted by the recent bushfires in New South Wales, Australia. On top of that, it has vowed to give two dollars for every one dollar donated by its employees. BHP coal president... Read More

Strong Economic Growth set for WA

TheAuBJ—30 October–While Western Australia will remain the fastest growing economy in Australia over the next decade, private and public sector leaders will need to continue to respond carefully to the challenging environment of a state in transition, with the winding down of the constructio... Read More

Rio Tinto sells $1 billion worth of Aus coal assets

TheAuBJ—28 October–Rio Tinto has reached a binding agreement for the sale of its 50.1 per cent interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore Xstrata and Sumitomo Corporation, for US$1.015 billion. Under the terms of the sale, Glencore Xstrata ... Read More

Perkins wins $50m in new contracts

AUBJ – 28 Oct – Perkins Builders has bolstered its order book with $50 million worth of new contracts across Perth and Bunbury. The projects won include new facilities at the South West Health Campus, Bunbury and Australind high schools, and Eaton Community College. Perkins has also won a $17 m... Read More