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News
New Deloitte report: Asia Pacific financial services to reach US$4.8 trillion by 2035, outpacing the US
1+ hour, 51+ min ago (685+ words) HONG KONG, Aug. 26, 2026 /PRNewswire/ -- Asia Pacific's financial services industry is on track to generate as much as US$4.8 trillion in economic value added by 2035, overtaking the United States[1] and cementing the region as the new centre of gravity for global…...
Key inflation figure on the Reserve Bank's mind
11+ hour, 29+ min ago (550+ words) A bumper wage rise for low-paid workers could put pressure on a category of inflation data closely watched by the Reserve Bank. From July 1, workers on award wages received a 4.75 per cent boost to their pay packets, which could result…...
Insurer pleased more people taking care of their health
6+ day, 5+ hour ago (451+ words) Australia's largest listed health insurer has seen a rise in the number of customers taking advantage of its wellbeing programs, after lifting its annual earnings. Medibank Private paid out $6.9 billion in health insurance claims to its more than six million…...
Reserve Bank to watch jobs figures for inflation clues
6+ day, 11+ hour ago (337+ words) A jump in Australia's unemployment rate could show that the economy is slowing as expected and take pressure off the Reserve Bank to raise interest rates again. Inflation is still too high and, while the economy is softening, more of…...
Public-servant wage hikes beat gains for private sector
1+ week, 2+ hour ago (293+ words) Growth in wages for workers has remained steady but figures remain above pre-COVID levels. The wage price index for the June quarter remained at 0.8 per cent, causing the annual growth rate to slow to 3.2 per cent, figures released by the…...
Jobs data and a fireside chat: the economic week ahead
1+ week, 3+ day ago (629+ words) As the US dragged itself out of the Great Depression, newly-elected president Franklin D Roosevelt pioneered an informal style of radio address to nurture rapport with a bruised American public. It's unclear whether the LED lighting at InterContinental Brisbane, the…...
The next person chosen to help decide mortgage rates
1+ week, 5+ day ago (396+ words) The head of a public policy think tank who used to be the business lobby's chief economist has been unveiled as the newest member of the influential nine-member board responsible for setting interest rates in Australia. Melinda Cilento, chief executive…...
Households to bear the brunt of sluggish productivity
2+ week, 11+ hour ago (472+ words) Mortgage holders may have been spared more rate pain by the Reserve Bank but Australia's chronically weak productivity growth means households will continue to suffer. As the RBA board held interest rates steady for a second-straight meeting, it noted that…...
RBA holds rates steady, leaves door open to more hikes
2+ week, 23+ hour ago (511+ words) The Reserve Bank has held interest rates steady for a second straight meeting despite inflation hovering well above its target. In a unanimous decision, the central bank's nine-member monetary policy board left the cash rate untouched at 4.35 per cent on…...
LX Pantos Strengthens Global ESG Leadership Through Its 2026 Sustainability Report
2+ week, 1+ day ago (367+ words) SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ -- LX Pantos (President & CEO: Lee Yong-ho) has released its 2026 Sustainability Report, highlighting progress in advancing ESG management across its domestic and global operations. A key highlight of this year's report is the expanded reporting scope,…...