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AUSTRALIAN NEWSPAPER HIGHLIGHTS - JULY 1, 2002.

AsiaPulse News

| July 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, July 1 Asia Pulse - Highlights of today's newspapers:

THE DAILY TELEGRAPH:

- More than 4000 jobs will be lost in rural NSW by punishing new curbs on farm water usage from today, according to the NSW Farmers Association.

- Forbes Mayor Alister Lockhart said the government's water allocations would be a multi-million dollar king-hit to the Lachlan Valley.

- Telstra will pay Pacific Century CyberWorks $1.09 billion for the remaining stake in Asian mobile phone venture CSL.

- Investors are expected to be sidelined until Wednesday when they learn of the Reserve Bank's latest decision on interest rates.

- Tupperware is set to expand its home-based parties to malls, the internet and TV to lift sales.

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Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - JULY 1, 2002.

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