Singapore 

From boomerangs to A-bombs? Australia debates nukes, Singapore News

SYDNEY – Facing a wobbly ally in the United States and an increasingly bellicose China, Australia’s military strategists are cautiously debating whether the country needs to consider developing its own nuclear deterrent. For a long time, the country’s defence forces had relatively little to worry about. A century-old alliance with the US brought bankable security guarantees, while mineral exports to China ensured 28 recession-free years at home. But Mr Donald Trump’s limited regard for alliances and Mr Xi Jinping’s quest for primacy in the Pacific have put both pillars of…

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Home 

Hong Kong utility CLP may report first-half loss following shrinkage as big as HK$7 billion in goodwill of Australia unit

CLP Holdings, the bigger of Hong Kong’s two electricity suppliers, said late on Thursday it will report a loss for the first half of 2019 due to a shrinkage as large as HK$7 billion (US$894.5 million) in the value of the goodwill of its EnergyAustralia retail business.In a profit warning issued to the Hong Kong stock exchange, the utility, founded in 1901, said the shrinkage in EnergyAustralia’s goodwill could amount to between HK$6 billion to HK$7 billion, after a new pricing regime with lower… Source link

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Vietnam 

Australia, VN issue new report on digital transformation roadmap – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The report “Việt Nam’s Future Digital Economy towards 2030 and 2045” provides economic modelling for potential growth scenarios. Photo courtesy of CSIRO HCM CITY — Risks and challenges must be identified during the digital transformation era to ensure that Việt Nam continues to grow and be prosperous, a new report has said.  The report, “Việt Nam’s Future Digital Economy Towards 2030 and 2045”, notes that much has already been done through the Government’s policies on 4.0 Industry such as cybersecurity, energy and digital skills.  The report was issued by Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Việt Nam’s Ministry of Science and Technology. …

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Global 

Australia cuts borrowing rates to historic low as economy slows

Australia’s central bank lowered the cost of borrowing for the first time in three years on Tuesday, hoping to extend a record 28-year-run without a recession amid stiffening headwinds.The Reserve Bank of Australia cut rates by 25 basis points to a historic low of 1.25 per cent, as the pace of growth slowed to levels not seen since the global financial crisis.Australia dodged much of the global economic tumult of the past two decades as Beijing lapped up its vast iron ore, coal and other… Source link

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Home 

Vodafone Australia, TPG Telecom merger blocked by regulator; companies say they will take court action

A planned US$7.7 billion merger of Vodafone Group Plc’s struggling Australian business with TPG Telecom was blocked by the Australian competition regulator on Wednesday, but the two companies said they will file a legal action in the Federal Court in response to the decision.The Australian Competition and Consumer Commission (ACCC) confirmed Wednesday that “it has decided to oppose the proposed merger.” The decision, which had been scheduled for release Thursday, was briefly visible on the… Source link

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China overtakes Australia as top destination in Asia-Pacific for foreign commercial property investors, CBRE survey finds

China has overtaken Australia as the top destination in Asia-Pacific for cross-border investments in commercial property for the first time, with Shanghai the preferred city for overseas buyers, according to a survey by CBRE.About a quarter, or 25.8 per cent, of the 348 global real estate investors polled between November and January said they were interested in China, up 3.7 percentage points from a year ago.The office segment remained the most popular sector, with more than a third of… Source link

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Vietnam 

CPTPP to help Viet Nam export more to Australia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Export turnover of the footwear and leather industry reached nearly US$4 billion in the first quarter of 2019, up 15.3 per cent year on year. Vietnamese enterprises need to research the Australian market to meet customer demands. VNA/VNS Photo Trần Việt   HÀ NỘI — Vietnamese enterprises need to take advantage of tariff reductions under the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) to increase exports to Australia.   The statement was made by Nguyễn Thị Thu Trang, director of the WTO Integration Centre under the Việt Nam Chamber…

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Home 

Australia home prices continue to decline in March, but deflation slows

Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers.Monday’s report from property consultant CoreLogic showed home prices nationally fell 0.6 per cent in March, from February when they dropped 0.7 per cent. That was the smallest monthly fall since October. Values were down 6.9 per cent on a year earlier.The index has fallen in 15 of the past 17 months, wiping out more than two… Source link

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Vietnam 

Australia to boost VN trade ties through table grapes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam is a potential market for Australian table grapes because of its growing middle class, rapid economic growth and the increasing purchasing power of Vietnamese consumers. The statement was made by Yvonne Chan, Australian Deputy Consul-General and Senior Trade Commissioner to Việt Nam, at a seminar in Hà Nội on Thursday. The event was organised to cement existing trade relations and build new partnerships among Australian table grape exporters and Vietnamese importers. Table grapes are produced in all Australian…

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Home 

Qantas: high-flying connection between Hong Kong and Australia for seven decades, and beyond

[Sponsored Article]The pastQantas premiered its charter service from Sydney to Hong Kong in March 1949 – three months before it launched its regular fortnightly service.That inaugural journey, made in a four-engine, propeller-driven Douglas DC-4 Skymaster, took around 20 hours, with stops in Darwin, in Australia’s Northern Territory, and the island of Labuan, then part of Borneo, before landing at Hong Kong’s Kai Tak International Airport in Kowloon.Memories of the infamous Kai Tak, which… Source link

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