Infrastructure Australia announced that the expansion of the East Coast suburbs has ended and warned that the biggest challenge for the government will be to provide adequate inland services to cope with the growing population. Romilly Madew, the chief executive of the infrastructure regulator, said, “The 70-year leading trend in our urban fringe has ended.”…
ANZ CEO Shayne Elliott warned that if banks become more conservative, the revised plan for responsible lending regulations may further hamper borrowers’ access to credit and undermine the economy. In a panel discussion at the loan company Aussie Home Loans’ biennial national conference, Mr. Elliott said that if banks and other lenders become more cautious…
According to Commsec’s state market reports, Victoria has earned the title of Australia’s best performing economy. Due to its strength in economic growth, retail, job market and construction, Victoria’s overall economic performance ranked first for the first time in three quarters. The new state, which previously occupied the top spot with Victoria, is ranked…
The Morrison government will invest A$500 million to help island countries in the Pacific region invest in renewable energy. The Australian government hopes this will help Pacific island countries strengthen their ability to cope with climate change and natural disasters. Leaders of Pacific island countries have also called on Australia to take more steps to…
Philip Lowe, the RBA’s President, warned that the cap on civil servants’ pay was contributing to low wage increases and wanted to raise it to at least 3%. Lowe told a congressional economic committee on Friday that federal and state pay caps of 2 to 2.5 percent are helping to hold down wages by regulating…
Trade minister Simon Birmingham has some advice for his coalition colleagues: think before you speak. In an opinion piece last week Andrew Hastie, a liberal backbench mp, compared China’s rise to Germany’s. “I want to encourage my colleagues, in fact anyone who wants to comment on sensitive diplomatic issues, to think about a few things…
Former Treasury Secretary Peter Costello said that if the US-China trade war escalates, the savings of Australian retirees will be erased. The former Union Party Finance Minister Peter Costello warned that if the Sino-US trade war continues, the Australians will suffer great losses. The savings of retirees throughout their lives will be impaired. According to…
According to the Domain website, research shows that if the outer suburbs of some big cities in Australia live in the center of the sub-developed areas, the economic situation will actually be better. A new Regional Australia Institute report released on Wednesday showed that if urban residents move to a sub-developed town, their income will…
Federal Finance Minister Josh FRydenberg and rookie Liberal Party member Gladys Liu’s victory in this year’s federal election met a judicial challenge at the last minute. Oliver Yates, an independent candidate in the Kooyong constituency where Fleidenbo is located, has partnered with a mysterious voter in the Chisholm constituency in Liao, to initiate a lawsuit,…
The four major bank sub-brands are the most cost-effective Three of the four largest banks in Australia – National Bank (NAB), Commonwealth Bank (CBA) and Westpac (Westpac) have many subsidiaries, but people may not realize that these small brands are owned by the four major banks. . The financial comparison website Mozo analysis found that…