Prime Minister Malcolm Turnbull during a press conference at Parliament House in Canberra on Wednesday.

PM: 'We won't be held to ransom'

The re-establishment of the construction industry watchdog was a clear statement the economy won't be held to ransom, Malcolm Turnbull said.

Foreigners out of WA power sale

The WA government has blacklisted foreign investors from the first stage of the $11b privatisation of the state's electricity grid.