POLITICS & POLICY

China pressured to reveal truth on Jiang Zemin's state

In spite all the denials that China's leader Jiang Zemin is still alive, rumours that he had died of a lingering illness persist.State-run Xinhua News issued a statement denying his demise and censorship on the Internet prevails in China relating to searches on his true state.
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Australia sees surge in full-time jobs

National jobs figures released by the Australian Bureau of Statistics today revealed a significant rebound in the employment market, confirming the underlying strength of the Australian economy.

Australia's Government scales back on carbon tax

The Australian government has mellowed down its carbon tax policy that would not be too much of a burden to small and medium enterprises. Industries affected by the carbon price had been reduced to 500 from the previous 1000, the government said.

Australia's construction sector index skids further in June

The national construction industry contracted further in June with solid falls in new orders and activity across the sector. The Australian Industry Group Australian Performance of Construction Index (Australian PCI®) in conjunction with the Housing Industry Association, fell 3.8 points to 35.8 (a reading below 50 indicates a contraction in activity).

Tiger Airways’ fate hangs in the balance

As budget airline Tiger Airways heeded calls made by the Australian consumer watchdog on Wednesday to halt it ticket sales on Wednesday in light of the company’s uncertain flight status, the country’s aviation authority indicated today that a new decision will be issued on Friday.

NBN opens up regional employment opportunities

NBN Co is opening up employment opportunities to registered training providers equipped to skill the workers who will build the National Broadband Network. Training is planned to start in the second half of 2012 to ensure sufficient workers are in place for the full scale rollout of the network, scheduled to begin in 2014.

Gloomy economic outlook prompts RBA to pause on rate hike

The local economy is not as robust as its seems and projected growth could falter down the line in the current year as indicated by the latest Reserve Bank of Australia (RBA) decision to hold off any rate movements for the month of July on Tuesday.

RBA keeps rate steady at 4.75pct

The Reserve Bank saved Australians from higher mortgage rates and borrowing costs for another month, keeping official interest rates on hold.

Australia's Reserve Bank gives economy a breather

The Reserve Bank has maintained benchmark rates at 4.75 percent this afternoon which creates a further respite for construction and retail sectors that have been languishing and expect to fully bounce back in 2012.

PM Gillard to announce price on carbon this week

The Australian Government plans to announce a price on pollution this weekend as the central element of a comprehensive policy to tackle climate change, cut pollution and drive the transformation of the Australian economy to a clean energy future.

Australia hits close to $3B trade surplus

Australia's mining boom strengthened the country's trade surplus that has hit a seven-month high to A$2.33 billion ($2.5 billion), from a revised A$1.62 billion surplus in April, the Bureau of Statistics said in a report in Sydney on Tuesday.

Animal rights group rebuffs proposed camel culling

Blame it to the camel, which according to an Aussie firm, contributes as much as one tonne of carbon dioxide emission each year to the country’s atmosphere basing on their last accounted population of about 1.2 million heads.

Australia tackles identity theft problem

Attorney-General Robert McClelland today released new research which shows nearly one in six Australians have been a victim or known somebody who has been a victim of identity theft or misuse in the past six months.

Thailand elects first woman Prime Minister

Thais had voted for their first woman prime minister. Yingluck Shinawatra received the highest votes so far as the Elections Commission finish their tallying until this afternoon. Other leading candidate, concurrent Prime Minister Abhisit Vejjajiva has conceded defeat on Sunday evening.

Australia's manufacturing sector rebounds in June

The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.

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