The China Mail - Australian PM calls general election for May 3

USD -
AED 3.672503
AFN 68.189257
ALL 82.401965
AMD 382.503741
ANG 1.789783
AOA 917.000092
ARS 1423.006361
AUD 1.513443
AWG 1.8
AZN 1.70145
BAM 1.667299
BBD 2.007762
BDT 121.658255
BGN 1.66143
BHD 0.377005
BIF 2974.279193
BMD 1
BND 1.280132
BOB 6.932208
BRL 5.421973
BSD 0.996867
BTN 87.703235
BWP 13.347956
BYN 3.370527
BYR 19600
BZD 2.004871
CAD 1.379596
CDF 2875.000248
CHF 0.791945
CLF 0.02474
CLP 970.539803
CNY 7.12985
CNH 7.120755
COP 3940
CRC 504.129526
CUC 1
CUP 26.5
CVE 94.297609
CZK 20.672995
DJF 177.516503
DKK 6.341535
DOP 63.649535
DZD 129.455009
EGP 48.248009
ERN 15
ETB 142.199722
EUR 0.84927
FJD 2.24125
FKP 0.741147
GBP 0.736565
GEL 2.692783
GGP 0.741147
GHS 12.109586
GIP 0.741147
GMD 72.5005
GNF 8644.163617
GTQ 7.664733
GYD 209.134113
HKD 7.78945
HNL 26.160016
HRK 6.398399
HTG 130.436076
HUF 334.270498
IDR 16483.6
ILS 3.324695
IMP 0.741147
INR 88.141986
IQD 1310
IRR 42049.9997
ISK 121.790331
JEP 0.741147
JMD 160.003741
JOD 0.708977
JPY 146.957497
KES 129.149837
KGS 87.450399
KHR 4004.999764
KMF 419.503146
KPW 899.988882
KRW 1387.309942
KWD 0.30521
KYD 0.830751
KZT 533.034086
LAK 21631.662395
LBP 89269.437254
LKR 301.006984
LRD 199.87503
LSL 17.509805
LTL 2.95274
LVL 0.60489
LYD 5.393251
MAD 9.025036
MDL 16.647326
MGA 4477.495565
MKD 52.312558
MMK 2099.802069
MNT 3594.948618
MOP 8.002822
MRU 39.934962
MUR 45.820281
MVR 15.40857
MWK 1737.000204
MXN 18.6321
MYR 4.209497
MZN 63.950428
NAD 17.510099
NGN 1506.590441
NIO 36.683287
NOK 9.97726
NPR 140.324836
NZD 1.680401
OMR 0.384485
PAB 0.999595
PEN 3.51205
PGK 4.162498
PHP 56.751979
PKR 282.861126
PLN 3.608596
PYG 7185.333486
QAR 3.64095
RON 4.308702
RSD 99.494984
RUB 82.483407
RWF 1444.462864
SAR 3.751619
SBD 8.230592
SCR 14.819786
SDG 600.493137
SEK 9.347615
SGD 1.28162
SHP 0.785843
SLE 23.340021
SLL 20969.49797
SOS 571.498252
SRD 39.115498
STD 20697.981008
STN 20.828286
SVC 8.722376
SYP 13001.955377
SZL 17.509942
THB 31.672502
TJS 9.415405
TMT 3.5
TND 2.897124
TOP 2.342099
TRY 41.273155
TTD 6.764517
TWD 30.343989
TZS 2499.84201
UAH 41.126428
UGX 3507.979268
UYU 40.14373
UZS 12449.999961
VES 153.53669
VND 26386.5
VUV 120.473241
WST 2.775467
XAF 557.65142
XAG 0.024209
XAU 0.000275
XCD 2.702551
XCG 1.796588
XDR 0.693539
XOF 557.65142
XPF 102.050023
YER 239.649821
ZAR 17.47838
ZMK 9001.203528
ZMW 23.89982
ZWL 321.999592
  • RBGPF

    1.8400

    77.27

    +2.38%

  • SCS

    0.0800

    17.22

    +0.46%

  • CMSD

    -0.0700

    24.39

    -0.29%

  • BCC

    -1.0000

    89.02

    -1.12%

  • GSK

    -0.4500

    40.05

    -1.12%

  • NGG

    0.3200

    70.42

    +0.45%

  • CMSC

    -0.0600

    24.17

    -0.25%

  • BCE

    -0.3300

    24.39

    -1.35%

  • BTI

    0.1700

    56.19

    +0.3%

  • RIO

    -0.2500

    63.72

    -0.39%

  • RELX

    0.2600

    47.31

    +0.55%

  • RYCEF

    0.0800

    14.69

    +0.54%

  • JRI

    0.1100

    13.73

    +0.8%

  • VOD

    -0.0100

    11.8

    -0.08%

  • AZN

    -0.1400

    81.56

    -0.17%

  • BP

    -0.0200

    33.91

    -0.06%

Australian PM calls general election for May 3
Australian PM calls general election for May 3 / Photo: © AFP

Australian PM calls general election for May 3

Australia will hold a general election on May 3, Prime Minister Anthony Albanese said Friday, locking in a showdown over climate action, nuclear power and a runaway housing market.

Text size:

Albanese's centre-left Labor party took office in May 2022, turfing out a conservative government deeply unpopular after almost a decade in charge.

But initial enthusiasm for Albanese, 62, has evaporated in recent months as the government nears the end of its three-year term.

Polls show him neck-and-neck with right-leaning Peter Dutton, 54, a hard-nosed former detective who wants to cut back on immigration and reverse a ban on nuclear power.

"Over the last few years, the world has thrown a lot at Australia in uncertain times," the prime minister told reporters.

"Because of the strength and resilience that our people have shown, Australia is turning the corner. Now, on May 3, you choose the way forward."

Albanese declared he was "born ready" to deal with climate challenges, tariff turmoil and the long tail of inflation.

And he warned any foreign foes intent on meddling in the election campaign to "back off".

Coal mining-superpower Australia will choose between two candidates with sharply contrasting ideas on climate change and emissions reduction.

Albanese's government has embraced the global push towards decarbonisation, warning of a future in which iron ore and polluting coal exports no longer prop up the economy.

His election catchcry is "building Australia's future" -- an agenda that includes big subsidies for renewable energy and green manufacturing.

The government used an annual government budget earlier this week to unveil surprise tax cuts while pouring money into traditional Labor priorities such as education and healthcare.

"Getting Australia back on track," is the contrasting slogan of Dutton.

Dutton's signature policy is a US$200 billion scheme to construct seven industrial-scale nuclear reactors, doing away with the need to ramp up renewables.

He has committed to slashing immigration by 25 percent and setting "stricter caps" on foreign students allowed to study in Australia.

Polling shows economic concerns such as the high cost of housing will dominate the contest.

Although inflation has eased under Albanese -- from 7.8 percent in 2022 to 2.4 percent in December -- many households are still struggling with high food, fuel, and power prices.

Both sides have vowed to tackle an overheated housing market.

Major cities Sydney and Melbourne now rank among the 10 least-affordable housing markets in the world, according to the annual Demographia affordability index.

- 'Not a monster' -

Albanese has spent most of his adult life in politics, rising through the Labor Party ranks from humble working-class beginnings.

He touts his love of indie music and his shaggy cavoodle Toto -- and once famously declared that "fighting Tories" was his purpose.

Dutton is a former drug squad detective widely seen as a no-nonsense political "hardman".

His success will hinge, in part, on efforts to soften this image and broaden his appeal.

Dutton's wife once told a tabloid newspaper that her misunderstood husband was "not a monster".

An accomplished minister in the previous conservative government, Dutton has held weighty portfolios such as defence and home affairs.

But he faced heavy criticism for his unyielding treatment of asylum seekers as Australia's immigration minister.

- Independents day -

Australian politics has long been dominated by Albanese's left-leaning Labor Party and Dutton's right-leaning Liberals.

But growing disenchantment among voters has emboldened independents pushing for greater transparency and climate progress.

Polls suggest 10 or more unaligned crossbenchers could hold the balance of power -- making a rare minority government a distinct possibility.

The two major parties largely agree on defence and national security, committing Australia to an increasingly close military alliance with the United States.

But they have differed over China in the past.

Albanese has upped engagement with key trading partner China and made a breakthrough trip to Beijing in 2023, the first Australian leader to visit in seven years.

The previous conservative government was highly critical of China, igniting a trade war that cost Australia billions of dollars until subsiding late last year.

L.Kwan--ThChM