NSW: Main stories in today s Sydney newspapers = 4

AAP General News (Australia)
04-13-1999
NSW: Main stories in today s Sydney newspapers = 4

THE AUSTRALIAN FINANCIAL REVIEW:

Page 1: Business tax advisers are trying to soften tough new anti-avoidance measures in the
proposed tax package. Australian officials are concerned about the deteriorating prospects for
peace in East Timor. Property developer Mirvac will merge its operations to create a $1.7
billion real estate giant.

Page 3: The federal government will appoint an "ambassador" to promote Australia as a
finance centre. The three retail grocery chains have won support in their battle to stave off
a proposed capping of their market share.

Page 5: A massive expansion of the work-for-the-dole scheme was last night set to be passed
by federal cabinet for inclusion in the May Budget. Environmental groups have criticised
Westpac over its links to the Jabiluka uranium mine. Sydney importer Howard Chia is selling
his Castle Cove home. Technology company Formulab Neuronetics Corporation has placed itself in
the hands of an administrator.

World: Australia has demanded the release of the two aid workers detained in Yugoslavia.
Pressure is building in the US for the use of ground troops in Kosovo. NATO remains convinced
of the efficiency of air strikes.

Companies: Solomon Lew has unveiled plans for a $72 million float of Housewares
International Group. One.Tel is set to expand its operations through further link-ups with
News Ltd and PBL. Visy Industries has delayed construction of a $90 million recycling plant in
Adelaide for two years.

Markets: Fears of a sell-off in US stocks pushed Australian shares to their first decline
in three sessions. Firmer commodity prices and supportive interest rate differentials helped
the Australian dollar finish more than half a US cent firmer than at Friday's close.

AAP km/gl

KEYWORD: FRONTERS NSW 4 SYDNEY

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