News

Standards wait welcomed

THE federal government’s recent decision to delay implementation of new governance standards for not for profits highlights the complexities involved in regulating the sector, according to the Australian Institute of Company Directors.

Making a philanthropic impact

TWO developments in philanthropy are providing opportunities for more Western Australians to become involved.

Comings and Goings

Allied Healthcare Group Peter Turvey has been appointed as a non-executive director, to replace Handojo Soedirdja. Aphrodite Gold Peter Buttigieg has been appointed to the board. ATW Holdings

Appointments

Hanson heads EFIC Perth

Talent squeeze limits franchise growth

Western Australia’s resources boom may be driving the state’s economy, but it’s also restricting the franchising industry’s potential for ongoing growth.

Wood sounds out support for jazz festival

GRAHAM Wood intends to ‘right a wrong’ next year with plans to hold a three-day international jazz festival in Western Australia. Currently, 48 jazz festivals are held across Australia annually, yet none of these is in WA.

Pressure on Boar’s Rock

THE value of South Australian wine processor Boar’s Rock’s Margaret River winery has taken a hit amid difficult industry conditions and pressure from its financier.

Capital Recycling disputes project suspension

THE company responsible for turning construction and demolition waste into road base for the Great Eastern Highway expansion says suspension of the project is unfounded and delaying Western Australia’s recycling progress.

Europe calls telco entrepreneur Malone

MICHAEL Malone might be one of the rare arrivals at Monaco in early June when he appears to represent Australia in the Ernst & Young Entrepreneur of the Year Awards.

The Lighter Note

Sleep off Former rugby-international-turned-investment-banker-turned-mining-CEO John Welborn has competitive instincts few can match.

Directors' Interests

Sihayo Gold non-executive director Gavin Caudle has acquired 15 million shares in the company through a share placement, at a cost of $2.25 million. This brings his stake in the Indonesian gold explorer to over 156 million shares currently worth $23.5 million.

On the move

New Woodside executives

Today's Business Headlines

Boom under threat from higher costs – The Fin; $1.2b sale hangs in balance – The West; Bring in miners or miss best of boom – The Aus; QR boss upbeat about rail plan – The West; Cowin backs Gina on Fairfax – The Aus

Today's Business Headlines

Labor urged to stand by foreign workers scheme – The West; Writ issued against gas plant – The Aus; American fears of terror threat to offshore rigs – The Aus; Apache ups the ante in fight with government – The West; Mayor not amused by royal waterfront name – The West

$A higher as optimism grows over Greece

The Australian dollar is half a US cent higher as optimism grows that Greece will stay in the euro zone. At 0700 AEST on Monday, the local unit was trading at 98.17 US cents, up from 97.64 cents on Friday.

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