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Australian banks win concession on capital

AUSTRALIA’S banking regulator has softened its capital buffer requirement on the nation’s largest banks after they argued that there wasn’t sufficient market capacity available to raise the necessary funds.

Australia goes for back-to-back rate cuts, keeps option for more

AUSTRALIA executed its first back-to-back interest-rate cuts in seven years and left the door open for additional easing as policy makers attempt to support a slowing economy and try to rekindle dormant inflation.

Garbage to be returned to Hong Kong

THE garbage that was illegally imported into Misamis Oriental from Hong Kong will be sent back, Malacañang said on Friday. Presidential Spokesperson Salvador S. Panelo...

Palace: PHL to send back Australian trash

MALACAÑANG on Thursday said the government wants the trash recently dumped in Misamis Oriental shipped back to Australia.

A broad and deep relationship

The Philippines is one of Australia’s longest-standing bilateral partners, according to the Web site of the Australian Embassy in the Philippines. With these ties...

One by one, bond markets around the world are flashing same...

JUST MONTHS after rising bond yields spooked markets, they’re now tumbling to the lowest levels in years to underscore concerns about slowing global growth.

Traders push yields close to RBA cash rate ahead of employment...

INVESTORS CAN’T SEEM to get enough of Australian bonds amid worries about an economic slowdown. This week’s employment data may just whet their appetite for more.

For sale: Australian pub in the middle of nowhere

ONE OF Australia’s most well-known pubs, located in the country’s remote outback thousands of miles from major cities, is on the market for the first time in decades and attracting local and international interest.

Is 5G more vulnerable to hackers than 4G? Australia thinks so

Though 5G promises to be so fast it could revolutionize the way we use everything from home appliances to cars, the technology may also...

Cebu Pacific to launch Manila-Melbourne flights in August

Cebu Pacific (Cebu Air, Inc.) will be launching direct flights to Melbourne, Australia next month as it looks to maintain its dominance in the...

Philippines, Australia players face huge fine over ‘basketbrawl’

Basketball's governing body FIBA on Thursday handed down hefty fines and suspensions over an ugly on-court melee in Manila between the Philippine and Australian...

Australian scientists develop ‘world first’ melanoma blood test

Sydney -- Australian researchers said Wednesday they have developed a blood test for melanoma in its early stages, calling it a "world first" breakthrough...

Australia buys high-tech drones to monitor South China Sea, Pacific

Sydney -- Australia will invest Aus$7 billion (US$5.2 billion) to develop and buy high-tech US drones for joint military operations and to monitor waters...

Philippine-Australia maritime exercises reinforce capacity for goal of zero abduction at...

THE PHILIPPINE Navy is taking lessons learned from the 3rd Philippine-Australia Maritime Security Activity (MSA) that was concluded on June 5 to strengthen capabilities towards its goal of zero abduction at sea this year.

X-ray technology may speed up miners’ search for hidden gold

A breakthrough x-ray technology that can detect and analyze unseen gold is now up and running in Australia, the world’s second-biggest producer, with plans...

Ayala enters Australian renewables market

AC ENERGY Holdings, Inc. is making its foray into Australia, as it announced on Wednesday its acquisition of a 50% stake in the Australian...

Ready, aim, fire: Aussie diners given water pistols to ward off...

PERTH, Australia — Annoyed at seagulls that pester its patrons, a restaurant in the Australian city of Perth has armed customers with water pistols...

AC Energy moves to buy 50% stake in UPC Renewables Australia

AC Energy Holdings, Inc. is investing $230 million to acquire a 50% stake in the Australian business of UPC Renewables and provide funding for...

PHL, Australia hold 3rd maritime security joint exercises

ROYAL AUSTRALIAN Navy patrol ships were welcomed by the Philippine’s Western Mindanao Command (WesMinCom)-Naval Forces on May 14 at the Zamboanga City Pier for...

Australian wins lottery twice in a week

Sydney -- Talk about lucky. A stunned Sydney man who was celebrating an Australian lottery windfall could not believe it when he won again...

‘No appetite’ for major TPP changes to accommodate US

SYDNEY — There is “no appetite” among the Trans-Pacific Partnership signatories for major renegotiations to accommodate the US, Australia said Sunday after President Donald...

PAL to start non-stop Manila-Brisbane flights in March

PHILIPPINE Airlines announced on Friday that it will be fielding non-stop flights between Manila and Brisbane starting March 27. By removing the stopover at...

Elvis fans all shook up on Aussie party train to fest

SYDNEY — Elvis fans shook up Sydney’s Central station Thursday with hundreds rocking to his famous tunes ahead of a special train trip to...

Climbing Australia’s giant red rock Uluru banned

CLIMBING the world’s largest monolith Uluru was banned Wednesday amid concerns it was becoming a “theme park,” undermining the giant red rock’s deep cultural...

Massacre fears spark race to save rare Australia parrot

SYDNEY — Critically endangered Swift Parrots are under threat from squirrel-like sugar gliders in a battle for space in Australia’s ancient forests, scientists said...

Australia employment growth outpaces US

AUSTRALIAN employment growth is now outpacing the US after hiring surged more than twice as much as expected in August. The jobless rate Down...

Citi to hire 100 wealth advisers in Australia in millionaire push

CITIGROUP Inc. is planning to hire 100 wealth advisers in Australia over the next three years as it seeks to triple its number of...

Australia offers to train Philippine troops in IS fight

AUSTRALIA ON Tuesday offered to help train the Philippine military to tackle Islamic militants terrorizing parts of the country, calling the threat “deeply concerning.” Philippine...

A carnivore’s dream

THANKS TO its unique location in the world’s southern hemisphere, Australia has had the luck of having everything going on in there. Bustling cities...

Australia enters medical marijuana market

AT a secret location in Australia’s southeast, Peter Crook delicately tends to a two-month-old cannabis cutting. Barely knee high, it is one of about 50...

MH370 families to appeal for search to continue at Australia-Malaysia meet

SYDNEY -- Grieving relatives of MH370 passengers will appeal for the hunt for the missing airliner to continue at a meeting between the Australian...

‘CU in the NT’ tourism logo causes stir

SYDNEY — A brazen tourism logo, “CU in the NT,” aimed at attracting people to Australia’s Northern Territory has caused a social media stir,...

Devils’ milk could fight superbugs: Australia scientists

SYDNEY, AUSTRALIA — Mother’s milk from the marsupials known as Tasmanian devils could help the global fight against increasingly deadly “superbugs” which resist antibiotics,...

Hairy future for Australia’s beloved koala

PORT MACQUARIE, AUSTRALIA -- A sweet, sickly smell filled the air as Sherwood Robyn, a 12-year-old koala, was brought into a small examination room...

Glass beads found in Australia point to huge asteroid hit

SYDNEY -- Australian scientists have found evidence of a huge asteroid they say slammed into Earth some 3.46 billion years ago -- making it...

Crocs rest with one eye open for threats: Australian researchers

SYDNEY — Saltwater crocodiles can rest with one eye open to watch for threats, Australian scientists said last week, with further research likely to...