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Ryan Stokes wants the Federal Government to be more focused on growing productivity and the economy.

EconomyPremiumBudget has no solution to get economy growing: Stokes

The Albanese Government’s Budget does little to fix Australia’s productivity crisis and does ‘nothing’ to grow the economic pie, according to SGH boss Ryan Stokes.

Adrian Rauso

Treasurer Jim Chalmers speaking at the Chamber of Minerals and Energy WA event on Thursday.

MiningPremiumMiners wary on CGT shake up after Chalmers’ charm offensive

WA’s mining sector remains worried about the Federal Government’s capital gains tax shake-up despite an in-person charm offensive by Treasurer Jim Chalmers.

Rebecca Le May

Australia’s unemployment rate has risen to 4.5 per cent. Gaye Gerard / NewsWire

MARKET WRAPPremiumJobless rate lifts ASX to six-week high

The Australian sharemarket has recorded its best day in six weeks, as higher jobless figures spark investor relief that rate hikes may be off the table.

Blair Jackson

The Tasmanian government will cut 1700 jobs from the public service in its state budget. David Killick.

POLITICSPremiumAussie state’s budget to slash 1700 jobs

One state will cut 1700 jobs in the public service as it tries to recover from years of soaring debt and return to a budget surplus.

Ike Morris

Treasurer Jim Chalmers is on a post-Budget trip around the country.

EconomyVideoCommentsPremiumJim Chalmers commits to leaving WA’s GST share untouched

The Treasurer has given a firm commitment to maintaining WA’s current GST share, on his post-Budget trip to Perth.

Rebecca Le May

SGH boss Ryan Stokes says that while Australia is SGH’s core operating centre, the conglomerate would increasingly eye other regions to invest in.

EconomyCommentsPremiumRyan Stokes warns Albo’s Budget will ‘punish aspiration’

SGH boss Ryan Stokes says the Albanese Government’s recent tax overhaul will ‘punish aspiration’ and adds to a broader policy environment making Australia lose its investment attractiveness.

Adrian Rauso

Australia’s unemployment rate increased to 4.5 per cent in April. NewsWire / Glenn Campbell

UPDATED‘Ugly’: Jobless rate up, 18.5k jobs lost

Australia’s latest unemployment rate has been revealed as inflation bites businesses and slashes margins.

Blair Jackson

The latest labour force figures are set to be released with unemployment to hold at 4.3 per cent. (Bianca De Marchi/AAP PHOTOS)

PoliticsCommentsPremiumJobs market holds key to next Reserve Bank rates call

The impending release of labour force data will have a big bearing on whether interest rates rise again soon, as economists debate the Reserve Bank's next move.

Jacob Shteyman

ChatGPT - man using AI on his phone

ASICCommentsPremiumASIC sounds alarm on innovation ‘lost generation’

Outgoing ASIC chair Joe Longo issued a dire warning that Australia risks a “lost generation” if it doesn’t embrace innovation in technology and startups.

Ryan Johnson

Analysis from Cotality to be released on Thursday shows lending to investors in WA dipped 4.6 per cent in the March Quarter — the third biggest fall behind NSW and the ACT.

PropertyCommentsPremiumCool change looming for red hot Perth property

Investors are expected to flee WA’s property market thanks to rate rises and Federal Budget tax hikes, as signs emerge that the days of white hot price growth are finally ending.

Matt Mckenzie

The Australian sharemarket finished lower on Wednesday amid global volatility. Photo: NewsWire/ Gaye Gerard

MARKET WRAPPremiumASX tumbles amid global volatility

Australian shares have plunged amid uncertainty surrounding the federal budget and fears surging global bond yields could trigger rate rises in the US.

Ike Morris

Housing MarketVideoCommentsPremiumDouble-digit investor retreat set to shred housing market

An investment expert has warned Australians an “extremely overvalued” property market will take a hit from rate hikes, Federal Budget tax changes and a potential economic downturn.

Matt Mckenzie

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

analysis
analysis
EconomyCommentsPremium
analysis
GST formula’s bizarre rules are costing WA billions annually

A major review of Australia’s $103 billion GST funding system is under way. Here’s how a small Canberra bureaucracy decides where the cash flows.

Matt Mckenzie

The Middle East crisis and rising oil prices have had a devastating impact on the world's economy. (AP PHOTO)

BusinessCommentsPremiumUN lowers forecast for global economic growth in 2026

The UN has cut its forecast for global economic growth, saying the Middle East crisis has reignited inflationary pressures and ‌heightened uncertainty.

Edith M. Lederer

Projected growth in the NSW economy has fallen from 2.5 per cent to just 1 per cent for next financial year. NewsWire / Simon Bullard.

MONEYPremiumAussie state missing $8bn after Iran war

Australia’s biggest state will likely receive $8bn less in a key tax as it grapples with inflation and fallout from the Iran war.

Nathan Schmidt

Nine of 11 ASX sectors made gains on Tuesday. NewsWire / Nikki Short

MARKET WRAPPremium‘Solid’: ASX bounces back from sell-off

The Aussie sharemarket has recovered from Monday’s heavy losses, with nine of eleven sectors posting gains amid falling oil prices.

Blair Jackson

Mining is tipped to drive the Australian share market to a record high within 12 months,

MiningPremiumMining tipped to push share market to record high next year

Morgan Stanley reckons the S&P-ASX200 will hit 9250 points over the next 12 months, implying nearly 8 per cent growth from Tuesday’s close of 8605 and bettering its record high of 9202 points in February.

Sean Smith

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POLITICSPremiumLooming five-figure tax hit for young Aussies

The Albanese government is facing backlash for proposed reforms it says the country needs to fix intergenerational inequity.

Joseph Olbrycht-Palmer

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NEWS‘Pessimistic’: How Aussie homebuyers feel

Aussies are feeling pessimistic about buying a home in the wake of the federal budget, but falling fuel prices have eased some consumer concerns.

Blair Jackson

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FINANCERBA hints at reprieve for mortgage holders

There is ‘space’ for the RBA to avoid a fourth consecutive interest rate hike next month, minutes from its May meeting show.

Blair Jackson

Consumers are still down in the dumps despite easing fuel price shocks.

EconomyCommentsPremiumConsumers still down on the dumps despite fuel shock easing

Australian consumers are still very much down in the dumps despite lower fuel prices at the pump.

Cheyanne Enciso

RBA governor Michele Bullock and Treasurer Jim Chalmers.

RBACommentsPremiumRBA chief economist sounds alarm on a rate hikes recession

The Reserve Bank of Australia’s chief economist Sarah Hunter has warned entrenched inflation could lead to punitive rate hikes that would spark a recession.

Stephen Johnson

Treasurer Jim Chalmers has copped criticism for some of the tax changes in the recent budget. (Susie Dodds/AAP PHOTOS)

BusinessCommentsPremiumRBA to deliver verdict as Federal Budget faces blowback

Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.

Jacob Shteyman

Federal Treasurer Jim Chalmers.

Small BusinessCommentsPremiumWA small businesses face double tax blow under CGT changes

The Federal Government’s changes to capital gains taxes could see WA small businesses cop a double tax bill if they restructure to cope with the overhaul.

Adrian Lowe