Sharon Olalia

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Westpac Offers $1,000 Cash Back For New Home Loans

Firing another salvo in the home loans banking war, Westpac today announced it is offering $1,000 credit into a Westpac Choice account on new Premier Advantage Package (PAP) home loans over $250,000 until the end of October.

iPhone5 Release and Implications

Apple's much-awaited iPhone5 is expected to be released tonight (4am Australia time) at an event held in Apple’s head office in Silicon Valley. Here are issues that may emerge in the announcement, according to Advanced Human Technologies Chairman Ross Dawson, a globally-recognised futurist and technology expert primarily based in Australia:

McCain Condemns Industrial Action

McCain Foods today condemned the strike action by its food production and maintenance workers after rejecting a 3.5% pay increase a year over three years and other terms and conditions.

Australand’s Hamilton Reach Selling Fast

Hamilton Reach, the latest project from diversified property group Australand, has struck a chord with buyers with more than 40% of the first release sold since its launch in April this year.

Virgin Flies to Queensland’s Emerald

Virgin Australia is set to begin double‐daily week day services, subject to regulatory approvals, to the town of Emerald in the central highlands of Queensland from 16 January 2012.

Stable Cash Rates: No Help in Housing Affordability

The Reserve Bank of Australia’s decision to leave interest rates on hold may be a sigh of relief for people with a mortgage, but it makes no headway in terms of making housing more affordable, said Australia’s housing sector.

NAB Cuts Fixed Rate to 6.34 Percent

National Australia Bank now offers the best one-year fixed rate among Australia’s largest banks, after it slashed its fixed interest rates by as much as 0.15% on Tuesday.

ANZ Bank Fees Class Action Returns to Fed Court

Australia’s largest consumer class action returned to the Federal Court today with Maurice Blackburn representing around 34,000 ANZ customers who have filed against the bank in protest against the bank’s exception fees.

LGBT Community Quells Church Fears on Same-Sex Marriage

Australian marriage equality advocates have moved to quell fears about same-sex marriages among Australia's Catholic Bishops, saying religious celebrants will not be forced to perform same-sex marriages when these marriages are legally allowed.

Japan’s Asahi Completes Acquisition of Independent Liquor

Japanese alcohol and soft drinks manufacturer, Asahi, has completed the acquisition of the Independent Liquor Group, which includes Independent Liquor in New Zealand and Independent Distillers in Australia for NZ$1,534million (approximately 98 billion Yen).

Metcash Completes Franklins Purchase

Australia's biggest grocery wholesaler Metcash today completed the transaction to acquire the Franklins chain of supermarkets from Pick n Pay Retailers.

Renewable Energy Target: A Critical Policy for Australia

The Renewable Energy Target is a critical policy that will help Australia develop natural clean energy advantages and reduce approximately 380 million tonnes of greenhouse gases, Australia’s peak body for renewable energy said on Friday.

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