Australia says state-sponsored cyber groups target critical infrastructure
SYDNEY – State-sponsored cyber groups and hackers have stepped up their assault on Australia’s critical infrastructure, businesses and homes, a government report released on Wednesday showed, with one...
View ArticleAustralia wages posted largest rise on record in Q3
SYDNEY – Australian wages posted the largest increase on record last quarter as a sharp rise in minimum wages benefited millions of workers, while intense competition among employers also pushed up...
View ArticleAustralian telco Optus’ CEO quits after network outage
The head of Australia’s second-largest telco Optus resigned on Monday, cutting short a more than three-year tenure marred by a massive network-wide outage and one of Australia’s largest data breaches....
View ArticleAustralia to introduce bill giving central bank experts more sway
SYDNEY – The Australian government will introduce legislation this week that would give the central bank’s independent expert members more responsibility for setting interest rates with a new...
View ArticleAustralian regulator calls for new competition laws for digital platforms
Australia’s competition watchdog said on Monday new competition laws are required in response to the rapid expansion of digital platforms such as Amazon, Apple, Google, Meta and Microsoft in the...
View ArticleAustralia inflation slows more than expected in Oct
SYDNEY – Australia’s inflation eased by more than expected in October as goods prices fell, while core inflation also edged down, a result that adds to the case against another rise in interest rates...
View ArticleDollar slides on Fed cut bets; kiwi jumps after RBNZ strikes hawkish tone
SINGAPORE -The dollar slid across the board to hit a more than three-month low against its major peers on Wednesday, while the New Zealand dollar surged after its central bank suggested that more rate...
View ArticleChina to review anti-subsidy tariffs on Australia wine imports
BEIJING -China said on Thursday it would review the need for anti-dumping and anti-subsidy tariffs on Australian wine imports, a highly anticipated move that is part of a push to improve the...
View ArticleAustralia’s central bank holds rates steady until at least February
SYDNEY -Australia’s central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and decide whether to tighten further next year even as the...
View ArticleAustralia trade drags on Q3 growth, government spending a boost
SYDNEY – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money abroad, leaving trade as a drag on the economy...
View ArticleAustralia’s economy slows to a crawl, consumer spending surprisingly weak
SYDNEY – Australia’s economy barely grew in the third quarter as exports flagged and households – reeling from a surge in mortgage payments – were reluctant to spend, suggesting rate hikes were...
View ArticleAustralian Dec consumer sentiment edges up, set for second worst year
SYDNEY – Australian consumer sentiment edged up in December, although it ended its second worst year on record amid a surge in the cost of living and sharply higher interest rates, a survey showed on...
View ArticleACEN secures P2.7-B loan from HSBC for projects in Australia
MANILA -The renewable energy unit of Ayala-led ACEN Corp. will get a 75-million Australian dollar (P2.74 billion) green term loan to fund its renewable energy projects in Australia, its biggest...
View ArticleAustralia employment surges in Nov, jobless rate hit 1-1/2 year high
SYDNEY – Australia employment far outpaced expectations for a second straight month in November as firms added to full-time staff, yet the jobless rate still rose to a 1-1/2 year high as more people...
View ArticleChinese appetite for Australian barley is back
SYDNEY, Australia -Three years after steep Chinese tariffs halted imports of Australian barley as tensions between the two countries ratcheted higher, the grain is once again flowing freely. Barley is...
View ArticleAustralia sets new rules for dairy exporters
MANILA, Philippines —The Department of Trade and Industry (DTI) on Friday reminded local exporters of dairy products to take note of Australia’s updated rules to ensure compliance and continued...
View ArticleCoins.ph expanding into Australia in 2024
MANILA —Homegrown cryptocurrency platform Coins.ph is making its way to Australia this year as part of its global expansion amid the growing adoption of digital assets as a form of investment. In a...
View ArticleAustralia inflation slowed to 4.3% in Nov, core down sharply
SYDNEY – Australia’s inflation slumped to a near two-year low in November and core inflation also eased sharply, a softer-than-expected result that reinforced market expectations interest rates would...
View ArticleAustralians pulled back spending in Dec after Black Friday splurge
SYDNEY —Australia’s household spending fell in December after a rise the previous month, as consumers pulled back spending on household goods, recreation and food, data from the Commonwealth Bank of...
View ArticleAustralia Dec business conditions ease, price pressures cool
SYDNEY – Australian business conditions continued to soften in December as manufacturing and construction lost ground, a survey showed on Tuesday, while price pressures eased markedly in a promising...
View ArticleAustralia launches competition, pricing review in supermarket sector
SYDNEY – Australia on Thursday launched a wide-ranging review into pricing and competition in its supermarket sector as the government unveils a series of policies to improve household finances and...
View ArticleAustralia inflation cools, confidence of ‘soft landing’ grows
SYDNEY — Inflation in Australia has slowed to its lowest rate in three years, the country’s official statistics agency said Wednesday, raising hopes of a “soft landing” for the nation’s economy. The...
View ArticleAustralia central bank shakes off ‘Taylor Swift inflation’ fears
SYDNEY —Reserve Bank of Australia Governor Michele Bullock said on Tuesday the “Taylor Swift inflation” effect has forced some spending adjustments, including in her own children, but played down the...
View ArticleAustralia to allow workers to ignore after-hours calls from bosses
SYDNEY —Australia will introduce laws giving workers the right to ignore unreasonable calls and messages from their bosses outside of work hours without penalty, with potential fines for employers...
View ArticleACEN commits P36B in tie-up with indigenous Australians
MANILA, Philippines —Ayala-led ACEN Corp. is set to develop 750 megawatts (MW) of clean energy facilities in an area sacred to an indigenous group in Australia via a P36-billion investment. In a...
View ArticleAustralia business conditions soften in January, costs a problem
SYDNEY – Australian business conditions softened further in January led by a slowdown in the service sector, a survey showed on Tuesday, while price pressures ticked up again after cooling the month...
View ArticleAustralia consumer confidence jumps to 20-month high in Feb
SYDNEY – Australian consumer sentiment rebounded to a 20-month high in February as a slowdown in inflation fueled hopes interest rates had finally peaked and boosted spending intentions, a survey...
View ArticleAustralia unemployment hits two-year high as jobs growth sputters
SYDNEY – Australian employment was surprisingly weak in January, while the jobless rate climbed to a two-year high in another sign the labor market was loosening in the face of a slowing economy and...
View ArticleWestern Australia offers royalty relief to struggling nickel producers
SYDNEY – Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry, a day after the metal was classified as a “critical mineral”,...
View ArticleACEN Corp to issue up to P5.5-B in corporate guarantees
MANILA, Philippines —Ayala-led ACEN Corp. will issue up to P5.5 billion (AU$150 million) in corporate guarantees to support the development of the renewable energy projects of its Australian unit. In...
View ArticleAustralia’s January inflation holds at two-year low
SYDNEY – Australian consumer price inflation held at a two-year low in January, dashing forecasts for a tick higher and reinforcing market expectations interest rates would not need to increase any...
View Article$1.53B in deals shown to Bongbong Marcos in return to Australia
Melbourne—Twelve business deals worth an estimated $1.53 billion (P86 billion) were presented to Philippines President Ferdinand “Bongbong” Marcos Jr. at a business forum here on Monday (March 4). The...
View ArticleACEN, Marubeni to invest P9B in Aussie energy storage
MANILA, Philippines – The Ayala Group and Japanese conglomerate Marubeni teamed up to invest around P9 billion to develop a 200-megawatt (MW) battery energy storage in Australia. In a disclosure on...
View ArticleAustralia economy slows to a crawl, underscoring case for rate cuts
SYDNEY – Australia’s economy grew at a snail’s pace in the December quarter as a punishing squeeze on household incomes brought consumer spending to a standstill, reinforcing market bets that the next...
View ArticleAustralian business leaders to meet Chinese foreign minister
SYDNEY — Australian business leaders are set to meet China’s foreign minister in Canberra, saying their country lacks knowledge of its biggest trading partner and that they will seek insight on how...
View ArticleAustralia’s central bank holds rates, waters down tightening bias
SYDNEY — Australia’s central bank held interest rates steady on Tuesday and watered down its tightening bias, signaling greater confidence that inflation is moving back to its target as the economy...
View ArticleAustralia February inflation holds at two-year low of 3.4%
SYDNEY — Australian consumer price inflation held at a two-year low in February, contrary to expectations for a slight uptick, a result reinforcing market wagers that the next move in interest rates...
View ArticleAustralia retail sales up in Feb thanks to Taylor Swift concerts
SYDNEY — Australian retail sales rose modestly in February as packed Taylor Swift concerts boosted spending on clothing and eating out, though annual sales growth remained meager as high interest rates...
View ArticleChina lifts tariffs on Australian wine as bilateral ties recover
BEIJING — China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday, ending three years of punitive levies and offering...
View ArticleAustralia PM unveils plan to overhaul economy, invest in green energy
SYDNEY, Australia — Mining superpower Australia will announce on Thursday a US-style scheme to pour public money into manufacturing and clean energy industries, joining the global race to build a...
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