Australia

Indonesia signs security pact with Australia

The South-east Asia country has a non-aligned foreign policy, pledging friendship with any country without joining any formal military bloc

The value of Australia’s shipments to China of iron ore, coal and other goods dropped 2% last year.

Australia’s falling China trade surplus rings economic alarm

Australians are buying more and more from overseas, with the Asian nation now supplying more than a quarter of all imports

The aim of the property sales is to free up cash for the new spending, with the government focusing on bases in the north of the country.

Australia to sell historic buildings to fund defence expansion

The country is currently undertaking a significant defence buildup in response to the rise of China’s military capabilities

Investors had been leaning toward a rate rise given inflation surprised on the high side in the fourth quarter.

Australia raises rates for first time in two years

Investors are now betting on a follow-up hike in May

Over the past five years, weekly rents nationwide have jumped 42.4%, compared with an 8.2% gain in the preceding five-year period to January 2021.

Australia’s home-price gains accelerate even as rate hike looms

Perth has recorded the fastest price growth at 2%

Australian Prime Minister Anthony Albanese said that the government is committed to making sure the port goes back into Australian hands, as that is in the country's interest.

Australia committed to retaking ownership of Darwin port, Albanese says

It was leased for 99 years to Chinese company Landbridge for A$506 million (S$446.8 million) in 2015

The trimmed mean consumer price index rose 0.9 per cent in the fourth quarter from the quarter before.

Australia’s hotter Q4 core inflation fuels bets for rate hike next week

Recent economic data has underscored stronger-than-expected momentum in the Australian economy

The developer says the purchase is in line with its strategic objective to secure large-scale, long-term land banks in key Australian markets.

Ho Bee Land acquires Queensland development site for A$318.5 million

Counter hits 52-week high at market open on Monday, after the news

The payment platform, co-headquartered in Singapore (above) and San Francisco, says it will be co-operating fully with Austrac’s external auditor review.

Australia watchdog orders audit of Airwallex on suspected compliance miss

The former has concerns that the fintech’s transaction monitoring programme is not attuned to the full range of risks it faces