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AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 14, 2003.

AsiaPulse News, May, 2003

SYDNEY, May 14 Asia Pulse - Highlights of today's newspapers:

THE DAILY TELEGRAPH

- Middle income earners to get a $4 extra a week following tax cuts in the federal Budget.

- Income tax cuts ensure millions of Australians' pay packers don't creep into 42 cent tax bracket.

- Macquarie Bank notches 33 per cent rise in full year profit.

- Shares firmed but high flying dollar crumbled as investors waited for the Budget.

THE AUSTRALIAN

- Peter Costello announces surprise but modest tax cut in federal Budget.

- Students pay more and universities get extra funding.

- Federal Opposition condemns budget as an attack on families.

- Bonds weaker and dollar steady as budget dampens interest...

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