Philippines’ deal shows Macquarie model in action
It’s not yet an AirTrunk, but Macquarie is looking to get on the ground floor with another digital infrastructure investment in Asia.
Business
Anglo risks getting caught in the four traps it set for BHP
BHP boss Mike Henry has publicly moved on from Anglo American but the London-listed former target remains even more vulnerable.
What’s a CEO really worth?
Elon Musk’s $68bn Tesla pay deal raises the question of whether one single person really can deliver that much value and how Australia’s top CEOs stack up.
Share tips: a mixed diagnosis for health care stocks
Stockmarket specialists share their latest buy, hold and sell tips for investors, with a focus on health care companies.
Bust builder’s director moves on to new construction company
Shortly after a Mackay-Whitsunday construction firm went under and had its licence cancelled the director found new employment at another construction company. See the full $2m list of creditors.
At Nine, culture eats CEOs for breakfast
Mike Sneesby’s exit has all the hallmarks of one of Nine’s semi-regular management coups. This time it was the board calling the shots.
Why technology company share prices and valuations are ‘crazy’
An 8 per cent, $324bn overnight share price rise by AI chip giant Nvidia helps explain why some experts worry about tech stocks.
The most underrated family car on the market is now ‘green’
There’s now a greener option for one of the most underrated vehicles on the market, the Kia Carnival has gone hybrid.
ASX’s board lacks ambition needed for rebuild
As the reputational hits keep coming, the market operator’s board has made a timid choice to help win back trust of regulators.
Just like 2019: markets ignore the warning signs
With everything pointing to a looming economic slowdown, why are cyclical stocks still so expensive?
$93k owed for Porsche: Home builder’s debts almost double
The downfall of an award-winning Qld firm left half-built homes with water damage. Now its creditor debt has blown past $2m, with landlords, tradies and even a car dealership unlikely to get their money back.
Hotel ditches gaming room plan, adds beer garden
An iconic hotel has changed its expansion plans from a gaming room extension to potentially adding a beer garden and new bar.
Holding all the cards: Inside the battle to save Star
There are three options being mulled by the casino’s board. All of them are equally brutal.
This week’s share tips: looking beyond the big names
Share portfolios shouldn’t simply focus on big banks and resources giants. Our experts examine some smaller stocks.
Plug-in hybrid that has prestige feel with hidden home capability
Plug-in hybrids aren’t new, but the classy Mitsubishi Outlander PHEV GSR seven-seater has an ace up its sleeve
AirTrunk is classic Blackstone: Go big, go for scale
Three years ago Wall Street giant Blackstone had next to no funds in data centres but today it has more than $186bn. Here’s why.
Howard Marks’ rule for markets: Invest long, fail smart
It might sound counterintuitive to many but the Oaktree co-founder’s motto in a rising market is ‘don’t just do something – sit there’.
Popular Whitsunday seaplane service set to return early 2025
A iconic seaplane tour service which shut down earlier this year will be returning with new owners promising a bigger and better experience.
Why three-way split could be final act for Star casino
Star’s board is trying to avoid the hidden rocks as the casino navigates safe harbour rules.
From Barossa to the beach: New flights connect Adelaide to the Whitsundays
Looking for your next getaway? A new route connecting South Australia to the sunny Whitsundays offers travellers the best of both worlds from rolling vineyards to the Coral Sea.
Historic Qld bank used in television series transformed to help animals
A North Queensland veterinarian has forked out $1.3m to get a new clinic up and running on the site of an old Commonwealth Bank building which was also used in a highly-rated Aussie TV crime drama.
Share tips: what our experts say you should buy, hold and sell
It’s been party time for shareholders in Bunnings owner Wesfarmers over the past year, and rave party time this weekend, but is the tide turning?
‘Best restaurant, Coral Sea views’: Whitsunday wedding venue for sale
A beachside restaurant that’s both a popular wedding venue and a town’s favourite Chinese place has hit the market after more than a decade of dishes overlooking the Coral Sea.
All bets are off: Bell’s Star hunt misses the mark
The lack of hard facts means the ‘Bell II’ inquiry increasingly looks like nothing more than a vanity exercise.
Statewide carnage: Young dad dies after 24hr Bruce Hwy shutdown
A 29-year-old truck driver, killed in a crash, has been identified and his long-haul colleagues are ‘in fear every night’ having to risk their lives on a 1400km death trap as industry experts slam the catastrophic cost of the bloody Bruce Highway.
Women take the reins on investing
Investment in the share market is no longer dominated by men, especially for people aged under 40, the ASX says.
Trump 2.0 will unleash the primal forces that drive Wall Street
There’s a new Donald Trump running for the White House and his RNC speech contained some powerful messages for Australian businesses.
It’s finally here: Cult coffee chain set to launch in Mackay, CQ
A cult coffee chain, which has taken Cairns and Townsville by storm, is now eyeing off multiple locations further south. Here’s what we know.
Dream home turns into $1.3m nightmare after construction collapse
A young couple fighting for their dream home asked the builder to put his Porsche up for collateral if the work wasn’t completed. See the shell of a home they are now left with.
Why the Aussie dollar still has room to grow
The Australian dollar’s recent strength is tipped to continue, but there are some headwinds to overcome first, economists say.
Andrew Forrest’s credibility hit by green hydrogen collapse
The Fortescue founder made his vast fortune by snubbing the doubters and repeatedly made bigger and bolder promises on his green revolution. So the cost of failure is more than financial.
What the new unemployment rate means for your money
Businesses and households are struggling, and the economy is effectively shrinking, so why is the jobless rate still only 4.1 per cent?
Revealed: Sparky, glazier owed big bucks in $1.5M builder collapse
An award-winning but now defunct Queensland building company has left local contractors – two of whom are owed more than $140,000 combined – in the lurch as the construction watchdog weighs in.
All the talk is about EVs … but the numbers show hybrid is the new black
Buyers seem to like the concept of electric vehicles with a petrol engine back-up. Kia now offers the Sportage with a hybrid option.
‘Lock up is too late’: How $40m school could be ‘key’ in crime crisis
The founder of a North Queensland school for disadvantaged youths doesn’t just denounce locking kids up as the solution to the crime crisis but also believes he has proof of a better way.
‘At long last’: New hub for heroes has pool, laser tag arena
After years of searching a North Queensland RSL has found a new home for its members while also hoping to bring younger vets and their families into the fold via their new community centre.
ASX blasts above 8000 points to new record: where to next?
Aussie shares have rocketed more than 18 per cent higher in just nine months, but stockbrokers see a more subdued future.
CFMEU construction union an economic wrecking ball
There is a terrible financial price we all pay for the serious allegations of corruption through the construction unions.
Should you switch super? Tips and traps for your life savings
Superannuation fund annual returns are trickling in and many members are happy. If you’re not, should you be switching?
Star, Crown sought mega-casino merger talks
Both operators were looking for a combination in a bid to boost the performance of their under-pressure Sydney casinos.
NAMED: Award winning builder goes bust owing more than $1.5m
Clients allegedly left with shattered dreams and unfinished homes are pleading for other victims to come forward following a builder boasting dozens of awards across Qld entering into liquidation.
How to retire five to 10 years early
Covid changed people’s ideas on work, wealth and retirement, and people wanting to retire sooner may find it easier than they think.
Why Telstra’s price rises are bad for everyone
Telstra’s inflation-stoking move speaks volumes about the lack of competitive spirit in the telco market and will be bad news for the central bank as much as customers.
‘Brutal’ mine closure leaves 130 workers in the lurch
After the sudden closure of a Bowen Basin mine, affected workers have called the decision to seal it ‘brutal’. How serious are the efforts to redeploy them?
Bowen Basin mine expansion will secure 700 jobs, says Peabody
Environmental groups have called for the federal government to reject plans to expand a Bowen Basin mine amid fears of greater destruction of natural habitats. But the company behind it says the plan will secure 700 jobs.
When met coal exports are expected to fall
Queensland’s revenue base relies on coking steel to remain in high demand as the world transitions away from fossil fuels, but demand could peak sooner than you think. See when it’ll fall.
AusPost turns tables in $1bn battle with big banks
Paul Graham is seizing the moment to keep Australia Post delivering. This time he wants banks to be part of the solution.
‘Out with saloon vibe’: New owners for first-ever Hog’s Breath Cafe
A famous Australian brand founded in Airlie Beach has been taken over by one of its early franchisees as it celebrates a milestone. See how they’ll bring it back to its former glory.
Game, set, match: Stokes has bigger ambitions for Boral
Ryan Stokes wants to bring an ‘owner’s mindset’ to the building icon he has been pursuing for more than two years.
TV ‘can’t get free pass’ on cost control: Stokes
The nation’s big broadcasters are feeling the brunt of an advertising downturn and are being forced to respond.
Original URL: https://www.thechronicle.com.au/news/queensland/whitsunday/business