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AUSTRALIAN NEWSPAPER HIGHLIGHTS - DEC 3, 2007.

AsiaPulse News

| December 03, 2007 | COPYRIGHT 2007 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, Dec 3 Asia Pulse - Highlights of today's newspapers:

THE FINANCIAL REVIEW:

- An increase in public-private partnerships could deliver more than $6 billion to state governments over the next decade. A union chief has warned employers not to write new Australian workplace agreements before Labor changes the industrial laws next year.

- Petroleum and energy companies have slammed the Accounting Standard Board's decision that will increase their effective tax rates and slash after-tax profits.

- Former attorney-general Philip Ruddock has decided to move to the back bench.

- The largest US financial institutions may soon disclose a plan to suspend scheduled increases in the monthly payments for many borrowers with sub-prime loans.

- The US recession and slower global growth rates means a swing back into value stocks, market analysts say.

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