Creditors are being asked to vote to wind up the Ralan Group.
Builder licensing isn’t stopping dodgy operators.
#NSW #DAMs #HeiseSays New South Wales is planning to build its first dam in 37 years. References PM ‘loves premiers who want to build dams’ https://www.canberratimes.com.au/story/6435181/pm-loves-premiers-who-want-to-build-dams/?cs=14264
#Construction #KingstonPlace #Collapse #HeiseSays The Government has stepped in to mitigate a potential collapse at Kingston Place in Canberra. References Morris Construction refuses to perform emergency work on Kingston Place apartments https://www.abc.net.au/news/2019-10-11/morris-construction-defies-rectification-order-on-kingston-place/11591372?section=business Morris refuses to address Kingston apartment defects, forcing ACT govt to do work https://www.canberratimes.com.au/story/6431022/morris-refuses-to-fix-kingston-apartment-defects-forcing-act-govt-to-step-in/
#Business #Recession #Economy #HeiseSays Consumer sentiment hits a four year low. References https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/economics-research/er20191009BullConsumerSentiment.pdf
#Business #Recession #Economy #HeiseSays The latest NAB Business Confidence survey shows another decline in business confidence. References https://business.nab.com.au/nab-monthly-business-survey-september-2019-36962/
#QuantitativeEasing #Recession #Economy #HeiseSays Is the media preparing people for Quantitative Easing? References https://www.abc.net.au/news/2019-10-07/rba-interest-rates-approach-zero-quantitative-easing/11574590?section=business
#Retail #Recession #Economy #HeiseSays Empty shelves and failed departments stores signal the growth of the retail recession. For a sector that employed nearly 10% of the Australian workforce, this is a big concern. References Empty shelves as Debenhams’ sole Australian department store prepares for the end https://www.news.com.au/finance/business/retail/empty-shelves-as-debenhams-sole-australian-department-store-prepares-for-the-end/news-story/3d09c7306e83b09b26537b516a0e53f4 Retail Trade http://lmip.gov.au/default.aspx?LMIP/GainInsights/IndustryInformation/RetailTrade
#Canberra #CrackDown #Construction The ACT Government is proposing a new measure to crack down on builders. While some of the measures do sound good, it is much too late for all the buildings built during the last decade. References Canberra builders could face further crackdowns as ACT seeks ‘highest quality buildings in Australia’ https://www.abc.net.au/news/2019-09-04/canberra-builders-responsible-for-defects-could-face-fines/11475970?section=business
#Stockland #Profits #SGP Stockland’s profits are down 70% and they are currently halfway through a $1 billion divestment out of the retail sector. A sign that the retail recession is well underway. References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf