Yesterday
What Facebook’s shift to ‘bro culture’ means for corporate Australia
Australian executives are openly discussing what they were once too scared to say out loud: has the corporate world’s push for greater diversity gone too far?
December 2024
How the Queen’s death cost this Aussie filmmaker $1m
A Melbourne-based producer and director somehow raised $100 million to make a movie starring Robbie Williams as a CGI monkey. It didn’t all go smoothly.
Australia’s 50 highest-paid CEOs in 2024 revealed
Macquarie Group’s Shemara Wikramanayake is Australia’s best-paid CEO for the fourth year in a row.
- Exclusive
- Government debt
Victoria pays consultants $2m for possible asset sale list
The Allan government is paying speciality consultants Ad Astra more than $2 million, including for a scoping study to help turn the state’s dire finances around.
Why Emirates dropped F1, Melbourne Cup to go all in on tennis
Emirates will sponsor the Australian Open for another five years at least in a deal thought to be worth $35 million, as the airline’s head of marketing reveals the real reason it dropped other sporting fixtures.
BCA scorecard ranks the best and worst states for business
The report names Victoria as the worst state or territory to run a business, with its onerous regulations acting against growth and investment on many measures
Former Melbourne mayor appointed CEO of fast-growing Create Advisory
Sally Capp will head the consulting firm set up by the former Sayers Group partner and Labor staffer Nicole Scurrah.
November 2024
Vic, NSW splurge putting Australia’s credit rating at risk: Fitch
Fitch Ratings has warned that state level deficits have risen sharply and were becoming increasingly important in its assessment of Australia’s fiscal position.
Victoria’s four biggest Big Build blowouts
The state’s finances have come under scrutiny this week, and a major chunk of its ballooning debt comes from the government’s expansive infrastructure program.
How Daniel Andrews’ playbook turned sour for Jacinta Allan
The former premier’s strategy was based on massive public spending. But times have changed, Victoria’s finances are a basket case, and voters have noticed.
How Chris Lucas came to know the secrets of the rich and powerful
One of Melbourne’s top restaurateurs, Chris Lucas, is expanding across the country, but he is keeping old-fashioned values at the heart of his operations.
Victorian mortgage arrears top other states
Fresh data from ratings agency S&P shows Victoria has the highest rate of home-loan arrears of any Australian states, overtaking Western Australia.
Stockdale calls for Victorian asset sell off to repay debt
Former Liberal state treasurer in the Kennett government calls on Labor to sell its remaining assets, slash regulation and reduce taxes.
Labor MPs express disquiet over Melbourne rail loop
Victorian Labor MPs have privately expressed frustration and concern over Premier Jacinta Allan’s vow to “double down” on the $125 billion Suburban Rail Loop.
Victorians are paying $2.8m a week for a road yet to be finished
Documents obtained under freedom of information show Treasurer Tim Pallas approved raising North East Link State Tolling Corporation’s borrowing limit from $644.3 million to $2.35 billion.
‘Uninvestable’: Business blasts Victoria’s ‘reckless’ financial state
Chair of biotech giant CSL Brian McNamee says leading fund managers have told him that Victoria is “uninvestable” and the Labor government is “reckless” for putting the state’s finances at risk.
New mayor plans to revive Melbourne with help of China, India
Newly elected Nick Reece says he will aggressively pursue foreign companies to set up their headquarters in the city.
‘Embarrassing’: Victorian households fall behind Tasmania
An extensive audit of Victoria’s dire finances shows declining household income and per capita economic activity and rising debt and interest payments.
Business warns ‘sick’ Victorian economy may need federal bailout
The state’s auditor-general has warned that government debt is now expected to hit $228 billion by 2028.
How a jibe from this CEO’s teenage daughter triggered a career rethink
Kate Galvin, the chief executive of the $92 billion Victorian Funds Management Corporation, hadn’t applied for a new job in 23 years and, without realising it, needed a push.