Economic affairs

Bessent flags bigger debt buyback potential, coming fiscal plan

Treasury Secretary Scott Bessent said he and Budget Director Russ Vought are tasked with fiscal consolidation, which they are announcing soon.

Australia jobless rate hits near five-year high of 4.5% in July

The trend adds to signs of a cooling labour market and easing pressure for another interest rate hike.

Trump touts $3.8b in minerals projects to promote economic stability and national security

Trump said the projects would create thousands of jobs and promote economic stability and security.

Is Australia’s property boom over?

Three rate rises and the government’s decision to scrap tax breaks for property investors have hurt housing prices.

US GDP growth softens despite strong consumer spending, investment

Consumer spending, which comprises about two-thirds of economic activity, rose at a stronger-than-expected 3.2% rate.

Australia’s sudden housing chill seeps into economy

Australia’s housing market is suffering its worst slowdown since the pandemic.

No more 15-month wait-out period for private home owners to buy HDB resale flats: Chee Hong Tat

Introduced in September 2022, the 15-month wait-out period was aimed at curbing demand from cash-rich private home owners looking to buy a non-subsidised resale Housing Board flat.

Australia’s AI ambitions add to construction squeeze as housing target looms

‘Trillion-dollar question’: How extreme heat is shifting corporate bottom lines

Increasingly severe heat disrupts operations for a variety of industries, but it also creates business opportunities for others.

China’s fiscal revenue expands 4.7% in first half of 2026

Fiscal revenue totalled $2.32 trillion in the January-June period, the data showed, with tax revenue growing 5.3 per cent year on year and non-tax revenue expanding 2.3 per cent.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.