WIN News Business Update 30th April to 10th June 2010

BUSINESS MATTERS
30th April – 10th June 2010

• The Reserve Bank of Australia lifts the official cash rate by 25 basis points, taking it to 4.5%.

• Sport on the coast receives a significant boost, with the State Government handing over a $1.5 million grant for the Girraween Sports Complex.

• Council proposes to introduce a new levy at Coolum Beach to fund a multi-million dollar streetscape project.

• Sunshine Coast sailor Jessica Watson completes her remarkable round-the-world voyage, arriving in Sydney Harbour.

• A Queensland Health investigation begins into the death of an elderly Sunshine Coast man, who died waiting for treatment at Nambour Hospital.
• Biosecurity officials confirm a horse at Tewantin has been put down after contracting the deadly Hendra virus.

• The Ride for Daniel falls victim to its own success, with organisers postponing this year’s event.

• David Jones bosses visit the coast to meet with council, in a last ditch attempt to secure a site at Sunshine Plaza.

• The highly anticipated release of the Apple iPad receives a lukewarm reception on the coast.

• The multi-million dollar ginger industry faces major losses as a deadly fungus devastates local crops.

• Teachers at Sunshine Coast Grammar School take industrial action over a pay dispute.

• Prime Minister Kevin Rudd makes a surprise visit to the Sunshine Coast to spruik the Government's employment credentials.

• Teen sailor Jessica Watson arrives back home on the Sunshine Coast.

• The Bligh Labor Government votes against a trial and referendum on daylight saving.

• Council approves a new multi-million dollar precinct for Maleny.

• Premier Anna Bligh confirms construction of the new Sunshine Coast University Hospital will start next year.

• Local electrical and appliance chain, Pannells, is placed in the hands of liquidators.

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