Australia

Australia’s central bank sees future for tokenisation in wholesale financial markets

[SYDNEY] Australia’s central bank sees a future for tokenisation in wholesale financial markets and is planning a technological sandbox where industry players can try out products, a senior official s...

Data from the Australian Bureau of Statistics showed its monthly CPI was unchanged in February, from the previous month.

Australia’s CPI flat on month in February; up 3.7% on year

[SYDNEY] Australian consumer prices were flat in February as prices for domestic holidays and petrol dipped, while core inflation came in a little slower than forecast, though all this preceded the sp...

Prices of petrol and diesel have both jumped, according to Australian Institute of Petroleum data, adding to economic pressures.

Australia fuel shortages expand to hundreds of service stations

The country biggest supplier, South Korea, has already said that it will cap some exports

Sembcorp had announced the A$6.5 billion acquisition of Alinta from Chow Tai Fook Enterprises, the main investment arm of Hong Kong billionaire Henry Cheng’s family, at the end of last year. 

Sembcorp picks banks for A$3 billion Alinta loan in Aussie push

The loan arrangers are ANZ Group Holdings, DBS Group Holdings and OCBC, sources say

The upcoming SQ202 return flight will leave Sydney shortly before midnight and reach Singapore at 5.05 am.

SIA to launch flights from new, 24-hour Western Sydney airport on Nov 23

The curfew-free hub will allow the carrier to bypass the existing Sydney airport’s curfews with overnight schedules

More aging Australians are predicted to start drawing down on their savings, adding pressure on the cash flows of funds.

Australia pensions to reach US$4 trillion by 2030 with fewer funds

The country’s pensions system is the world’s fourth largest and is projected to leap to second place in the coming years

Full-time jobs fell 30,500 after a strong rise the month before.

Australia February employment jumps, jobless rate still rises

The RBA has judged that the labour market had tightened a little recently as the economy picked up pace after three rate cuts last year

T2 Tea's outlet at Suntec City is set to cease operations on Mar 25.

Australian tea brand T2 Tea shuts all Singapore outlets as it looks to ‘reset’ Asia retail strategy

A company spokesperson says the retailer is in its ‘strongest position’ in over a decade

Australia has been pushing the EU to raise the amount of beef that can enter the bloc under preferential terms.

EU says it’s nearing a free-trade agreement with Australia

Both sides are racing to shore up economic links with like-minded partners

The central bank targets consumer-price gains at the midpoint of a 2% to 3% target.

RBA to deliver back-to-back hikes as Iran war refuels inflation

Money markets are pricing a three-in-four chance of a rate rise in March and see more tightening to come