Australian Business News and Times

Business News ,Reports and Times of Australia

Report

Western Australia Top performer in Economic rankings between states

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Economic rankings Australian states 2010

Western Australia  has beaten other states to become the best performing economy in Australia

according to the latest CommSec state and territory economic rankings. The ACT had held the

mantle over the past two quarterly surveys but it is clear that Western Australia has now fully

shrugged off the effects of the global financial crisis, underpinned by a strong job market and

rising demand for resources.

Economic report 2010

economic rankings Australian states

 

South Australia is the ‘quiet’ performer, with strong population growth underpinning solid commercial and
engineering construction. But middle-ranking unemployment is restraining momentum in the housing and retail
sectors.

To check out the full report go here  thanks to comsec

Still unsolved crime ..murders Rayney , puddy evita mitchell

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WA list of unsolved crimes  is growing  with the recent cases still remaining unsolved or in progress.

1.Evita mitchell case

2. Corryn Rayney case

3. and Craig puddy

 

Australia crimes unsolved 2010 2011 2012

Iveta Mitchell has been missing since May 3.

Iveta Mitchell stormed out of her family home after an argument with her husband at around 1am on Monday May 3 in the town of Parmelia, south of Perth WA. The 37-year-old hasn’t been seen since, despite an exhaustive search of surrounding bushland.

wa unsolved cases drime

The mystery has generated further curiosity after Mrs Mitchell’s wedding and engagement rings were found on the doorstep of her home doorstep after a few days.The crime still remains unsolved  as of  writing this article.

The corryn Rayney case

Mrs Rayney, a 44-year-old mother of two girls aged under 14, was last seen leaving a bootscooting class at the Bentley Community Centre on August 7. Family and friends raised the alarm when she failed to make it home, or to work the next day as a Supreme Court registrar. The car was found a week after she disappeared,  in Kershaw Street, Subiaco. A trail of oil from the vehicle led police to a site in Kings Park. The police managed to find Mrs Rayney’s body in this area.

PROMINENT Perth lawyer Lloyd Rayney’s launched a  multi-million-dollar legal action against the state government  police  over claims they defamed him when they called him the “prime” suspect in his wife’s murder.

Mysterious disappearance of millionaire Craig Puddy.

Concerns are held for the 45-year-old’s welfare after blood was found at the luxurious Bateman Road home and his car was left in the garage. Mr Puddy is the son of former Western Reds rugby league chairman Laurie Puddy. Mr Puddy used to run a successful forklift business under the umbrella company owned by his father and shares his father’s love of rugby league.

Mr Puddy, 45, has not been seen since May 3. He was reported missing by family the next day after they discovered a pool of blood inside his $3.2 million Bateman Road mansion.

craig puddy case wa crimes australia

Homicide detectives found  a yellow-topped recycling bin missing from 45-year-old businessman Craig Puddy’s Mt Pleasant home , which was later found in bushland far away. A former friend and business partner of Mr Puddy, 38-year-old Claremont man Cameron Mansell, has been charged with his murder and is due to reappear in Stirling Gardens Magistrates Court on Wednesday. The case is currently in progress.

Timeline: How the Craig Puddy mystery unfolded

Police have asked anyone with information to call Crime Stoppers on 1800 333 000.

Links:

Crime in Australia

 

+ Police & Emergency

+ Crime Prevention

+ You And The Law

+ Victims Of Crime

http://netk.net.au/RayneyHome.asp

The Eventual split in fosters.

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Foster’s Group said Wednesday that it would split its beer and wine businesses,  and sending the company’s stocks leaping. Fosters is popular for its local beer business and international wine operations

Splitting Foster’s Wine and Beer Business

The  Alcohol and spirit  company, which is the largest alcoholic beverage maker in Australia, said in its “demerger proposal” filed to the ASX that it aimed to list the units separately.

“Potential benefits of a demerger include increased transparency allowing investors to more appropriately value each business over time,” the company said, citing the freedom the units’ boards would have to “develop their own corporate strategies.”

The timing of the deal  and structure  was  to be determined, the company said  but its completion is unlikely before the first half of next year. Foster’s shares were up 0.38 Australian cents, or 7.379 percent, at 5.53 dollars, or $4.59, at the close in Sydney.

Beer and Wine brands of fosters group

Foster’s stable of Australian premium beer brands includes key brands Victoria Bitter, Crown Lager, Foster’s LightIce, Carlton Cold, Carlton Draught and of course, Foster’s Lager. Fosters wine rag=nge includes names like high-end brands such as Penfolds Grange, Beringer, Chateau St Jean and St Clement.

Beer

Fosters australia Beer brands VB crowne lager carlton mid

Foster’s American business unit, Foster’s Wine Estates, sells a range of premium wines including Beringer and St Clement from California’s Napa, Chateau St Jean from nearby Sonoma and Foster’s range of Australian imported wines.

Foster’s, which produces the beer of the same name, has not done as well with the wine unit, which the company has tried to sell before. “Foster’s wine business is showing signs of growth, but continues to be impacted by oversupply in Australia, subdued consumer demand in key international markets and a strong Australian dollar during the 2010 financial year,” said Ian Johnston, chief executive of Foster’s Group.

Marco Gulpers, beverage analyst at ING, said that while he saw little interest for the wine unit coming from European companies like Pernod and Diageo, there were several possibilities for the beer business.

The brand’s strong Australian heritage and sense of ‘fun’ continues to appeal to consumers seeking to savour the unique taste of Australia’s most famous beer

Australian stock market today

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Australian stock market update today

It looks like the stockmarket got bitten by a huge aussie croc today with the market in freefall today.

  • Stocks hitting a new 52 week low include: Alesco Corp(ALS), AWE Ltd(AWE),Bannerman Resources(BMN), Elders(ELD) and Santos(STO)
  • Lihir Gold (LGL) Chairman Ross Garnaut said he has received “encouraging results” from testing the market for alternative bidders to Newcrest (NCM). He added that discussions are with more than one party and are at “various stages”. On the current NCM price the bid is worth 376c. LGL down 7c to 372c.
  • Origin Energy (ORG) announced the super tax could delay the timetable of their proposed APLNG LNG JV with ConocoPhillips. Both ORG and Conoco want to make a final investment decision on the project by the end of the year. ORG down 2.7% to 1513c.

      • Macarthur Coal (MCC) announced they are waiting on Peabody to consider the tax impact of their takeover and have extended their Gloucester Coal offer to May 27. MCC down 4.26% to 1304c.

    SENSEX SLUMPS 172 PTS ON WEAK GLOBAL CUES
    Markets were down owing to weak global cues after Beijing tightened its monetary policy over the weekend. Sensex ended at 17386.08 points. read more

    • Gindalbie Metals (GBG) in a trading halt pending a project update. GBG was down 6c to 102c before the halt.
    • Building Approvals up 15.3% in March, its highest percentage move in 6 and a half years.
    • Sales of new carsand trucks in Australia increased by a seasonably adjusted 12.9% in April from March.
  • Tabcorp (TAH) had an analyst’s presentation this morning. They say revenue has grown by 1.6% in the year to April 30, trading conditions remain uneven in the short term and that they are encountering pressure in Victoria and QLD from contracting gaming markets. TAH down 6c to 677c.
  • Westpac Bank (WBC) – 1st Half Profit Result – 1st H cash profit has come in at $2.983bn, up 30% from $2.3bn last year. Analysts were expecting on average the figure to come in at $2.857bn and have said this morning the result lacked some quality. WBC down 3.1% to 2647c.
  • News Corp (NWS) – 3rd Q Profit Result – Net profit came in at $US839m. The result has been described as good. NWS shares closed 3% lower overnight in the US but were up 4% in after market hours. NWS down 5.4% to 1873c.
  • ——————————————————————————-
  • U.K. stocks fell, led by commodity producers, amid concern Australia’s tax on resources companies will crimp profit at BHP Billiton Ltd. and Rio Tinto Group and BP Plc’s costs to clean up an oil spill will escalate
  • ———————————————————————————-
  • Australia’s central bank increased the benchmark interest rate for the sixth time since early October after policy makers raised their outlook for inflation and judged the nation is insulated from Greece-sparked debt woes.

Get the Henry Tax review Original document files downloads here

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Henry tax review reform papers was released  2 may 2010

Document download for Henry  tax review Document

The Henry tax review is finally  out  and  everyone can have a look at it in detail. The tax review out on 2nd May 2010 was not  much of a surprise as not many of the recommendations got implemented , but then not many of the henry recommendations also did get rejected, so we can see a slow implementation of many recommendations through the next coming years.

Here are the Henry tax reform Documents ( .doc . pdf ) for download 

Date Released – 2 May 2010  – PDF

Final Report: Part 1 – Overview – 1.0MB

Final Report: Part 2 – Detailed Analysis – Volume 1 –1.9MB

Final Report: Part 2 – Detailed Analysis – Volume 2 – 2.2MB

Treasury Secretary Ken Henry has spent 18-months reviewing Australia’s tax system and  finally the 1000 page report is released.

The Henry review tax reforms at a glance

    1. 40% Rent resource tax of the mining sector companies
    2. Superannuation reform taxes to help lower income workers(superannuation to go up to 12% from 9%)(The increase in the superannuation guarantee will occur from July 1, 2013, with the first of two 0.25% raises to come on that date, with the second to occur on July 1, 2014. From July 1, 2015-19, the guarantee will be lifted by increments of 0.5%, resulting in the target 12% guarantee by the end of the decade)
    3. Company tax rate cut from 30 % to 25 %
    4. All family tax benefits to be a  single means tested payment
    5. Small businesses will be able to write-off assets worth up to $5,000 in the year of purchase under changes announced by the Federal Government today.

 

Trove the Literary google search of australia – Search engines

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Trove the search engine  that got resources from combined artistic resources of over 1000 libraries, museums, and other cultural institution from Australia  if proving a big contender for searches in this field  in contrast to other popular search engines. Trove – a National Library of Australia (NLA) initiative whose creators are calling it the Google of cultural heritage institutions have five dedicated software engineers continuously working on it.

About Trove -Trove is a new discovery experience focused on Australia and Australians. It supplements what search engines provide with reliable information from Australia’s memory institutions.

If you are researching in the fields of the social sciences, literature, local or family history, newspaper articles and magazine resources,  or need inspiration for your school assignment, then this is the tool for you.

Three years in the making, Trove is an offshoot of the Australian Newspapers Digitisation Program, a massive effort that has digitised and made available online 17 million historical articles from Australian newspapers between 1831 and 1954 since it began in March 2007. That program is set to catalogue 40 million more articles by next year. In the same way that Google harvest’s Web sites,  Trove set up harvesting across cultural heritage institutions and national resources and libraries

Trove, developed by many of the same staff, manages metadata on over 90 million historically significant items including pictures, unpublished manuscripts, books, oral histories, music, videos, research papers, diaries, letters, maps, archived Web sites and newspapers from 1803 to 1954.  Trove  search engine isn’t archiving the content itself, but manages metadata about indexed content. Thanks to a complex array of back-end connections with participating institutions – as well as with online databases like Amazon, Flicker, Google Books, and the Australian National Bibliographic Database – new content added to those institutions’ collections is automatically referenced in Trove.

For example if researching images relating to Edmund Barton, our first Prime Minister, results will include descriptions such as people, book, manuscript, map and newspaper articles. A researcher searching for information on Nellie Melba will be presented with a range of results including biographies, pictures, music, newspapers, books etc. The service works best in Internet Explorer 7+, Firefox 3+ or Safari 4+, at a screen resolution of 1024×768 or higher.

We did a search  for “Australian Digger” which came up with 42,968 results for newspapers , 1,734 results for picture and photos

and 2,397 results fo books journals and magazine articles.

Trove search engine australian digger australian busines times

We also did a search for “bogan” – Check out the results here

bogan search on trove search engine

Libraries and archives have been mapping and digitizing letter, maps, diaries, newspapers and so on for a long time, and we know that public information-seeking happens a lot for literary purposes. Many people just want to see what they can get online  – and Trove provides access to unique Australian resources on the deep Web that you wouldn’t find elsewhere.

So looking for something you cant find  on Google, jump into this treasure trove of information 🙂

Australian Times – Business News and report

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Australian Business times  – Our First Post

Get ready to get news and updates from Australia , straight from the people to the people. Unbiased news not sponsored by any  commercial entity (Except advertisements  off course).

Its an all you can eat  buffet  of free information , Dig into  finance , business news , stock market tips and information ,  and happening news all over Australia.

And it all cost you zip , nada  100%  free

Thanks

Australian Business portal ( Ausbiz Times)

 

PS :  Our Free Blogs service will launch at a later date