Business Matters Magazine

WIN TV Business news Update 8th February – 19th March 2010

Sunshine Coast metal and aluminium magnate, Walter Meyer, files for bankruptcy, owing an alleged total of more $5 million.
A tender process uncovers two potential buyers for Maroochydore’s Big Top shopping complex.
Sunshine Coast Regional Council investigates the alleged unlawful clearing of sensitive vegetation on a Buderim development site. The proposed housing subdivision is reportedly linked to Kleenmaid founder Andrew Young.
Sunshine Coast Regional Council reveals it is still owed more than $13 million in amalgamation costs from the Queensland Government.
Federal Environment Minister Peter Garrett approves Stage Two of the Northern Pipeline Interconnector.
The Federal Government defends its decision not to re-route an upgrade of the highway near the failed Traveston Crossing Dam site.
Owner of the Eldorado Gold Mine, Buka Gold Limited, reveals it is selling off its assets from the Monkland mine site, bringing an end to the gold mining era in Gympie.
Budget talks reveal Sunshine Coast Regional Council will need to lay off hundreds of workers to fund a multi-million-dollar budget shortfall.
Sunshine Coast Regional Council refuses a development application for an asphalt plant at Kunda Park.
Biocane is forced to close the doors on its Bli Bli factory, lacking the funds to complete its “Cow Candy” project.
An investigation is launched following news controversial foil insulation has been installed in ceilings at two of the Sunshine Coast’s largest retirement villages.
The Federal Government unveils its $50 billion health reform.
Planning Minister Stirling Hinchliffe orders changes to significant planning documents for green field development at Palmview. The changes mean council’s absolute population of 13,830 for the development becomes a minimum.
Local business groups welcome Sunshine Coast Regional Council’s re-development plan for central Maroochydore.
Two independent reports into the Pacific Adventurer oil spill criticise the clean-up effort, with one federal agency saying delays worsened the ecological impact.
Renewed pain for homeowners with the Reserve Bank of Australia increasing interest rates by 25 basis point. It takes the official cash rate to four percent.
The Queensland Government reveals it will consider lowering the blood alcohol limit to .02 in a bid to cut the state's horrific road toll.
A report to creditors reveals childcare operator ABC Learning was likely insolvent for six months before directors appointed administrators to take control of the company.