Families, essential service personnel and lower income earners will be the victims of rumoured moves by the Australian Government to introduce a vendor tax and cut negative gearing on investment properties. Media reporting suggests the moves could be part of Tuesday’s Federal Budget.
The Senate’s second interim report into milk pricing has acknowledged the customer benefit of lower milk prices - and that such benefits should not be dismissed lightly.
Malaysian Prime Minister Dato’ Sri Najib Tun Razak and Australian Prime Minister Julia Gillard have agreed to enter into a new bilateral arrangement as part of the Regional Cooperation Framework agreed to at the recent Bali Process Ministerial Conference in Bali on 30 March 2011.
In an attempt to restore fiscal balance, the Australian government plans to cut its spending to cope with the recent rise in the Australian currency, Treasurer Wayne Swan said today.
More timely tax assistance will be offered to 6.5 million Australian taxpayers on lower incomes to help encourage work and provide some modest help with cost of living pressures.
Navies across the world are adding aircraft carriers to their fleet, refurbishing old ones and adding new inventories even as some experts have questioned the cost and the relevance of aircraft carriers in the changing military warfare.
The administration of Prime Minister Julia Gillard unveils on Tuesday its first annual budget amid consumer fears of accelerating inflation and business concerns about a strong currency.
American President Barack Obama said on Sunday that "finally getting" the world's most notorious terrorists Osama bin Laden was the top priority and far outweighs the risks, that eventually made him give the go signal to the commando raid.
Recognising many small business operators are doing it tough in a patchwork economy, the Australian government is providing small businesses with an instant tax write-off of the first $5,000 of any motor vehicle purchased from 2012-13.
By this point, it's generally believed that CBS News Capitol Hill Producer Jill Jackson broke the stoy of Osama bin Laden's death with one tweet at 10:32pm EST.
The Philippine government urged fellow Association of Southeast Asian Nations (ASEAN)-member countries to step up their efforts to realize the goal of building an ASEAN Community that is peaceful, stable, economically competitive and people-oriented.
Philippine President Benigno S. Aquino III has offered to help "in any way" to resolve the row between Thailand and Cambodia, Foreign Secretary Albert Del Rosario said Saturday.
Despite the ongoing nuclear crisis, Japan will stick to nuclear power for its energy policy, a top Japanese official said Sunday.
The Australian Bankers’ Association (ABA) welcomed the finding in the report that competition is the best means of protecting consumers’ interests, in preference to further layers of regulation.
ING DIRECT, Australia’s fifth largest retail bank, today welcomed the Senate Economic Committee recommendations on bank competition.
A Malaysian who once was with the late Osama bin Laden’s band of warriors in Afghanistan and has remained on the FBI’s list of “most wanted terrorists” is reportedly now hiding in Mindanao in the southern Philippines.
A homeless Chinese woman has set up a home in the most unlikely place. On top of a 20ft tree.
They delivery anywhere!That's how the Ukrainian military, which is very hard-pressed with cash, is advertising the sale of their lethal fleet of helicopter gunships.
The Australian government on Friday announced it is planning to revive its controversial "Pacific Solution" to deal with its refugees problem. This early, Papua New Guinea has started to make plans to accommodate the huge number of boat people.
A review of the present ban on mortgage exit fees and setting a standard fee for wholesale funding guarantee for banks are included in the series of modifications caused by the Senate inquiry into competition in the Australian banking.
Kevin Rudd’s disclosure of Bali bomber Umar Patek’s capture could have compromised the U.S. operation to kill Osama Bin Laden, Pakistan says.
Environment Minister Tony Burke announced on Friday that the federal government has declared some 538,000 square kilometres of Australia's south-west oceans as marine protected areas. This means, all fishing activities in the protected zones are prohibited.
Philippine authorities have launched a manhunt against a Filipino behind the smuggling of a fleet of luxury vehicles believed to be stolen from the U.S., with one expensive "chopper" belonging to a Hollywood scriptwriter.
The Philippines’ central monetary authority, the Bangko Sentral ng Pilipinas, has raised its key policy rates by a quarter of a percentage point after announcement of April inflation data
Asia should play “a more proactive role” toward global monetary and financial stability, a seminar led by ranking international finance officials was told on Wednesday
Asia should now play “a more proactive role” toward global monetary and financial stability, a seminar led by ranking international finance officials was told on Wednesday
A recent survey shows that more than 1.6 million Australians are pushed to drop private hospital cover with the proposed changes to the health insurance.
Osama bin Laden apologized to all his children for not being a good father to them in a will he wrote three months after the September 11 attack. He even warned his offspring not to join the Al-Qaeda group.
Despite scare-mongering from big business, Australia’s strong economic figures confirm a $28 a week pay rise for Australia’s lowest paid workers is modest and affordable, claims the Australian Council of Trade Unions (ACTU).
The Victorian Civil and Administrative Tribunal (VCAT) on Wednesday cancelled the liquor licence of notorious Showgirls Bar found in the central business district in Melbourne, ending a long legal battle by the Victoria Police against the strip joint.
