POLITICS & POLICY

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Australia mulls tough smoking rules

Australia is closely watched by other countries in the Asia-Pacific as to how it will implement a very tough anti-smoking law that seeks to discourage the habit and promote a more healthy lifestyle.

ASX and SGX terminates merger deal

ASX Ltd (ASX) and Singapore Exchange (SGX) have agreed to mutually terminate the merger implementation agreement entered into on 25 October 2010.

Global Copper Supply Deficit Seen Until 2013

Mining experts are convinced that the global supply deficit could further push copper prices higher until the year 2013 to the benefit of mining companies world-wide, mining experts attending the CRU World Copper conference in Sanitago, Chile said today.

Ai Group petitions Fair Work to avoid uncertainty and risk with bargaining laws

Australian industry lobby group Australian Industry Group (Ai Group) has filed an appeal with Fair Work Australia to overturn a decision which is creating uncertainty and risk for employers who have reached agreement with their employees over the terms of an enterprise agreement, Ai Group Chief Executive Heather Ridout said today.

Group lambasts union restriction on contractors

The Australian Industry Group, an umbrella organisation of Australian industries, on Thursday called to Fair Work Australia (FWA) to voice its opposition to the approval of six further enterprise agreements which replicate the terms of an Electrical Trades Union (ETU) pattern agreement for the electrical contracting industry in Victoria.

Gillard names and shames insurance companies

Prime Minister Julia Gilliard rebuked the gutless behavior of insurance companies for not attending a meeting with the victims of the Queensland flood victims in Ipswich yesterday.

RBA keeps interest rates unchanged at 4.75%

The Reserve Bank of Australia has kept its benchmark interest rates at the highest level of 4.75 percent as typhoon floods continue to hamper coal mining in the Northeast and the competitive currency eases inflation fears.

Treasurer Swan not so keen of ASX-SGX merger

Singapore Exchange Ltd (SGX) has been informed that there is a big possibility that its proposal to $8.4-billion take over the local Australian bourse will be rejected by Australian Treasurer Wayne Swan.

Gov’t introduces new rules to keep ageing Australians in work place

The Australian Government has introduced new rules to keep the country's mature age workforce in recognition of their skills and experience. The regulations are part of the government's commitment to find new ways to support mature age workers to remain in the workforce and continue to contribute to the economy.

Australia, Singapore: Least Tainted with Corruption--survey

Dealing with the government and private sector in countries Australia and Singapore were perceived to be the least tainted with corruption, a new survey made by Hong Kong-based Political & Economic Risk Consultancy, Ltd.'s (PERC) latest Asian Intelligence report indicated.

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