Australia

China imposes curbs on beef imports to protect domestic industry

[BEIJING] China will impose an added 55 per cent tariff on beef imports that exceed quota levels from key suppliers including Brazil, Australia and the US in a move to protect its domestic cattle indu...

Fireworks marked the New Year in cities around the world.

World bids goodbye to 2025 with fireworks and icy plunges

Hopes for the new year include an end to the conflict between Russia and Ukraine

Westfield Sydney, located in the central business district, houses approximately 270 local and international premium retail stores.

Australian retirement fund to buy A$864 million stake in Westfield Sydney mall

The sale price matches the property’s value in Scentre’s books

In addition to a series of resorts, Hamilton Island has an airport, golf course and full-service marina.

Blackstone buys island resort in Australia’s Great Barrier Reef

The deal, pending regulatory approval, would end more than two decades of ownership by Australia’s Oatley family

RBA Governor Michele Bullock had already taken a hawkish turn at a post-meeting media conference, ruling out further rate cuts and warning hikes might be needed if inflation did not subside.

Australia central bank saw risk of rate rise in 2026 to contain inflation

Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent

The report notes that two people died after the Sep 18 incident, when emergency calls were blocked due to an outage following a network upgrade.

Optus outage review flags process, protocol gaps; Singtel expects recommendations to kick in ‘swiftly’

The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times

As at end-2024, 68% of Sembcorp’s total energy portfolio came from installed, secured or under-construction renewable capacity.
HOCK LOCK SIEW

Sembcorp’s purchase of Alinta has green risks

Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition

“Singaporeans respond very quickly to political and economic developments... Elections, tariff announcements or even short-lived rate movements can drive sharp spikes in FX conversions,” says Ashley Thomas, head of strategy and operations at Revolut Singapore.

From yen to US, Australian dollar: YouTrip, Revolut report spike in currency buying this year

Forex activity likely to ‘intensify’ in 2026 as inflation, higher living costs drive Singaporeans to become more financially prudent to stretch travel budgets, say industry players

The RBA has cut interest rates three times this year to 3.6%, but a recent spike in inflation has forced policymakers to warn that rate hikes might be needed next year.

Australia government forced to lift inflation forecast, keeps spending plans intact

Inflation has increased recently due to services and prices of new housing