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Archive | September, 2010

RBA bullish on Australia, while Asia ‘boyant’

Heraldsun Garry Shilson-Josling From: AAP September 30, 2010 12:04PM AUSTRALIA’S economy and financial system are relatively strong, the Reserve Bank says. “In the period since the previous Financial Stability Review the health of the major international banks has mostly improved, despite a significant amount of uncertainty in financial markets,” the RBA said in its half-yearly [...]

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Job vacancies up nearly 10pc

Heraldsun AAP September 30, 2010 12:10PM THE number of job vacancies has climbed by 9.8 per cent in the last quarter in more good economic news for the nation. The total number of job vacancies in Australia in August 2010 was 181,300, in seasonally adjusted terms, the Australian Bureau of Statistics (ABS) said on Thursday. [...]

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Home prices dip ahead of likely rate rise- healthy consolidation

The Age Chris Zappone September 30, 2010 – 10:30AM Home prices fell in August amid expectations price growth for the year will grind to a halt if the Reserve Bank lifts interest rates. The median national home prices dropped 0.2 per cent in August, seasonally adjusted, following a 0.4 per cent increase in July, RP [...]

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China steps up control of property market

Channel News Asia 29 Sep 2010 BEIJING: China on Wednesday announced it had taken further steps to cool its red-hot property market, ordering banks not to provide loans for third home purchases and above. The new measures are aimed at preventing house prices from rising too fast, the State Council or Cabinet said in a [...]

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Immigration plunges

The Age September 29, 2010 – 1:20PM While politicians of both sides were busily dissembling over population growth during the election campaign, Australia’s net migration rate had already nose-dived. Today’s Australian Bureau of Statistics demographics release shows population growth in the year to March 31 eased to 1.8 per cent, down from the peak rate [...]

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Commodity, food prices likely to ‘rise sharply’

smh.com.au Philip Wen and Colin Kruger September 29, 2010 THE rapid urbanisation and increasing wealth of Asia’s emerging economic superpowers are likely to cause food prices to soar, and the region’s thirst for commodities to strengthen. Food scarcity, the commodities boom and the growing influence of China featured prominently on the first day at the [...]

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Dollar daze: Aussie edges towards record

The Age Gabrielle Costa September 29, 2010 – 8:17AM The Australian dollar’s stellar rise continued again overnight, with the local currency edging towards its record high and bursting through a key level to touch 96.85 US cents. The dollar has been trending upwards recently as a range of positive factors that affect its value converge, [...]

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Food prices to rise with Asian middle class

The Age Philip Wen and Colin Kruger September 29, 2010 THE rapid urbanisation and increasing wealth of Asia’s emerging economic superpowers is likely to result in soaring food prices and a strengthening of the region’s thirst for commodities. Food scarcity, the commodities boom and the growing influence of China featured prominently on a wide-ranging first [...]

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Tougher requirements for foreign entrepreneurs to become Singapore PRs

Channel News Asia By Esther Ng, TODAY | Posted: 28 September 2010 1007 hrs SINGAPORE: It is a permanent residence scheme for million-dollar investors, one which spells out clearly the financial criteria that an applicant needs to fulfill. But from Oct 1, foreign entrepreneurs applying for permanent residence under the Contact Singapore’s Global Investor Programme [...]

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Asia expected to grow 8.2 per cent this year

From correspondents in Hong Kong From: AP September 28, 2010 3:52PM THE Asian Development Bank raised its forecast for the region’s economic growth this year, crediting a rapid recovery in exports even as it warned the risk of another recession in advanced countries has not completely receded. The Manila-based development bank said it now expects [...]

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