Territory Stories

The Northern Territory news Wed 9 Jul 2014

Details:

Title

The Northern Territory news Wed 9 Jul 2014

Other title

NT news

Collection

The Northern Territory news; NewspaperNT

Date

2014-07-09

Description

This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

Publisher name

News Corp Australia

Place of publication

Darwin

File type

application/pdf

Use

Copyright. Made available by the publisher under licence.

Copyright owner

News Corp Australia

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/251041

Citation address

https://hdl.handle.net/10070/550566

Page content

WEDNESDAY JULY 9 2014 BUSINESS 19 V1 - NTNE01Z01MA Job ads rise in Budgets wake MELBOURNE: Job advertising numbers have bounced back after spending cuts and tax hikes announced in the Federal Budget weighed on business hiring intentions. Job ads jumped 4.3 per cent in June, after a 5.6 per cent drop in May, according to ANZ research published yesterday. ANZ chief economist Warren Hogan said the pick-up in June was a tentative sign that last months weakness would prove short-lived. Each of the monthly job ads series fell in May, which could be an indication there has been a Budget effect on business confidence, he said. Despite the volatility, the number of job ads was 6 per cent higher than at the start of 2014, suggesting labour de mand was improving, Mr Hogan said. But momentum in the economy appeared to have softened recently, weighed down by the Budget fallout and wind-down in mining investment, he said. On a positive note, signs of a pick-up in the US economy could push the Australian dollar lower, Mr Hogan said. House calls just what the doctor ordered A LACK of healthcare in the Territory has had one doctor rise up to tackle the situation. Doctor Harry Kypreos, 34, of Lyons, has set up his own door-to-door doctor service where patients can call him directly and he will arrive on your doorstep with his medical bag. Darwin After Hours Doctors has run since the start of the month and while it has yet to take off, the clinic has been receiving on average between two and three calls a night through word-of-mouth. From 6-10pm the service is free under Medicare, and from 10pm to midnight a private service fee is stipulated. It gives people here a needed and important service, he said. Mr Kypreos graduated Dripstone High School and studied medicine in Adelaide before moving back to Darwin with his wife and two daughters under three years old. A stressed health system in the Territory led him to find his niche in the market. He said tourists, the elderly and parents with young children will benefit from his services. To cater for his business, Mr Kypreos will open a clinic in Cullen Bay by the end of the month. The clinic will open from 9am to 4.30pm, and the after hours will run from 4pm to midnight. Mr Kypreos said that the service is offered in all cities except for Darwin. I felt that Darwin has long needed this service. It has the ability to take the strain off our already stressed emergency departments while giving patients the convenience of being able to stay in their home and get the medical care they need, Mr Kypreos said. He funded Darwin After hours Doctors on his own with the help of colleague Savio Jnguyenphamhh and would like other doctors on board. He hopes to have at least one doctor servicing each area. To have someone there in person no one can replace that, Mr Kypreos said. Contact the service on 1800 994 992 Dr Harry Kypreos has started a door-to-door doctor service in which he will come to the homes of patients to treat them Picture: KATRINA BRIDGEFORD US giants takeover share fillip for Wotif MELBOURNE: Shares in Wotif.com, the champion of Australias online travel industry, have surged after US behemoth Expedia agreed to swallow the group in a deal worth more than $700 million. Wotif shares rallied 25 per cent their biggest single-day spike since the groups market debut eight years ago. Under the deal unveiled yesterday, Expedia is offering $3.06 for every Wotif share and a special dividend of 24. At $3.30, the offer is at a premium of 31 per cent on the average value of Wotif shares traded last week. But it is well below the $4.53 the shares were trading at a year ago and a far cry from the peak price of almost $8 in April 2010. Intense competition from domestic and international online sites have eroded the value of Wotif, which specialises in accommodation bookings. The reality is our industry is consolidating. Last year we found ourselves in a bit of a crossroads, Wotif chief Scott Blume said. We faced questions ... do we stand and fight? Do we do a joint venture? Do we go on for an acquisition? Do we do a share buyback? Advisers for Wotif had been gauging interest in a deal among potential buyers and other prospective bidders had signalled an interest. The Expedia offer was tabled late on Friday night and the Wotif management and board worked through the weekend to make an announcement before the market opened yesterday. Mr Blume said: The question was, how do we maximise value for shareholders? I think the deal is fantastic for our shareholders and fantastic for our team. Wotif was started in 2000 by Graeme Wood and three other investors If the deal is approved by shareholders and regulators, Mr Wood who still owns almost 20 per cent of Wotif will collect about $155 million. Swedish mines lure SA group ADELAIDE: Mining services industry leaders from South Australia have gone to the other end of the world to learn about the latest technology used by the industry. A delegation of South Australians spent a week in Sweden inspecting mines and research facilities. The Scandinavian country is regarded as the premier Eu ropean mining jurisdiction by the influential Fraser Institute. People gladly put their hand in their pocket to pay their own way and be part of this mission, said Paul Goiak, director of the industry participation office in the department of State Development which organised the trip. Sweden has found ways to get ore especially iron and copper out of the ground and build an economy around it. In SA, its our opportunity now to make sure we build the capabilities within our supply chains so that our commodities turn from being a comparative advantage to being a competitive advantage. We picked Sweden because it has a similar economy to ours, he said. By DANI McDONALD


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