POLITICS & POLICY

Senators urge Telstra to reconsider planned job cuts

Telstra Corporation Ltd (ASX: TLS) must think twice prior to its alleged plan of laying off thousand of workers as federal senators urged the company to consider first its corporate and social responsibility of providing stable employment in Australia.

Fortescue’s Forrest says MRRT bane for new mining players

Fast-becoming giant mining firm Fortescue Metals Group Ltd (ASX: FMG) declared on Wednesday that the new players in the mining industry were poised to be penalised by the federal government proposed minerals resource rent tax (MRRT) while giant mining firms were set to gain more benefits once the measure is implemented.
More news

Commerce chamber hits worsening bureaucracy in Queensland

The Chamber of Commerce and Industry in Queensland (CCIQ) said on Tuesday that the government failed on its effort to check the state’s deteriorating red tape incidence as it cited that bureaucratic burden further ballooned with the introduction of more legislations in the past financial year.

RBA poised for tighter monetary policy in 2011

A steadily growing Australian economy would likely call for tighter monetary policy entailing two interest rate increases in 2011, the futures market has anticipated based on the Reserve Bank of Australia's economic outlook.

Swan insists govt has right economic plan

Treasurer Wayne Swan stressed the Gillard government has the right economic plan to address concerns that a second minerals and energy boom will create stark differences in economic prospects across states and even regions.

Gillard defends broken carbon promise

In defence to recent accusations her government was based on a lie, Prime Minister Julia Gillard explained it is not her fault that she may introduce a carbon tax.

ACCC case costs Cabcharge $15m

Taxi fare payment company Cabcharge Australia Ltd (ASX: CAB) will pay $15 million in penalties and costs related to legal action taken against it by the consumer watchdog.

Absence of NBN law raises housing issues

The much-needed legislation for establishing the operating conditions of the National Broadband Network (NBN) company is not part of parliament discussions next week.

Road management changes before 2014

A new pricing system for road use is integrated in the revised plan on competition reform which the Council of Australian Governments (COAG) has accepted.

Australia sees higher commodity exports

Australia has raised its commodity exports target this fiscal year as larger demand for coal, iron ore, and wool are now at its record high assuring higher prices for domestic exporters.

Rudd says he is positively working with Gillard

Foreign Minister Kevin Rudd claimed that he and incumbent Prime Minister Julia Gillard do enjoy a working relationship, describing his present connection with the woman who deposed him as prime minister earlier in June as ‘positive’.

Pages