Turnbull pledges A$490m for Western Australia infrastructure
Sydney
PRIME Minister Malcolm Turnbull's government promised to invest A$490 million (S$499 million) in infrastructure in Western Australia in the coming financial year, seeking to redress the state's shortfall in the share it receives of the federally collected goods and services tax.
The allocation follows a similar investment last year, as the state continues to receive the lowest revenue from the tax, relative to population, according to a statement on Sunday from …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year
Teheran signals no retaliation against Israel after drones attack Iran
India central bank cannot let its inflation guard down just yet, MPC minutes show
China’s Jan-March foreign investment inflows down 26%