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AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 31, 2006.

Publication: AsiaPulse News

Publication Date: 31-MAY-06
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COPYRIGHT 2006 Asia Pulse Pty Ltd

SYDNEY, May 31 Asia Pulse - Highlights of today's newspapers:

THE AUSTRALIAN FINANCIAL REVIEW

- Snowy Hydro foreign ownership cap may reduce the proceeds of the float. Bracks budget slashes business taxes by $1.4 billion and delivers record infrastructure spending, heightening competitive pressure on high-taxing states such as NSW.

- Iemma government to borrow $17.4 billion over four years as part of a $41.3 billion capital works program.

- Tobacco companies could face a new wave of claims following a landmark ruling forcing one of the world's biggest tobacco manufacturers to hand over tens of thousands of documents...

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