What he's referring to is that the supply of Australian housing should rise as prices do. He's worried about affordability for developers, not buyers. That's fair enough...if you want to ignore the other half of the supply and demand equation.
Jamelle Agbuis
Oct 17, 2013
Effective summer of 2014, American Airlines will be flying direct to China from Dallas-Fort Worth International Airport.
Esther Tanquintic-Misa
Oct 17, 2013
A 94-year old Chinese woman has been afforded rights by a court in China on the legal action she slapped against her four adult children. Zhang Zefang had taken her children to court for abandonment because they refused to take care of her.
Esther Tanquintic-Misa
Oct 15, 2013
The 7.4 magnitude quake that struck Bohol island in the southern Philippines has not only damaged malls and ripped roads apart in the province, it has also caused massive damage to at least two historical churches.
Oct 15, 2013
Crumbling Asian stocks was a result of the U.S. stalemate. Consequently, this has also affected the Australian market.
Athena Yenko
Oct 15, 2013
Air Canada is now not just in the hot seat but may well ought to be inside a dog pen after how it handled the case of a dog that went missing from one of its supposed flights.
Esther Tanquintic-Misa
Oct 14, 2013
Losing a loved one to unexpected death is really heartwrenching, specially if it involved a newly born baby. But the parents of an unidentified UK baby decided to go the extra mile to donate their child's kidneys to a patient who badly needed it, in the hopes that someday they would be able to feel their child's presence again."
Esther Tanquintic-Misa
Oct 14, 2013
At the rate Chinese millionaires are being minted, the Asia-Pacific region is bound to seize the crown as the wealthiest in the world from North America by 2017, a Credit Suisse report said.
Vittorio Hernandez
Oct 13, 2013
China, Europe Agree To $57 Billion Currency Swap Deal
Jamelle Agbuis
Oct 11, 2013
Philippines Introduce Tax ‘Star Ratings’ For Restaurants
Jamelle Agbuis
Oct 11, 2013
China is now the world's leading oil importer, surpassing the U.S. in September, according to latest data released by the latter's Energy Information Administration (EIA).
Esther Tanquintic-Misa
Oct 11, 2013
Australia’s very first F-35 underway its production in Forth Worth, Texas
Athena Yenko
Oct 11, 2013
Australia's unemployment in September may have gone down to 5.6 per cent from 5.8 per cent in August, but the drop was not a reflection of the change in federal leaders or an improvement in the economy.
Vittorio Hernandez
Oct 11, 2013
Six workers of Japan's crippled Fukushima nuclear power plant have been directly exposed to leaking radioactive water. The Tokyo Electric Power Co (TEPCO), the plant's operator, on Wednesday said the unfortunate accident occurred due to carelessness when one of the workers detached a pipe connected to a water treatment system at the site.
Esther Tanquintic-Misa
Oct 10, 2013
AUST Market opens lower in the morning Oct 10, fell lower in the afternoon
Athena Yenko
Oct 10, 2013
New Zealand is expected to enjoy the strongest growth among the fastest-growing advanced economies in 2013 and 2013 based on the annual World Economic Outlook of the International Monetary Fund (IMF).
Reissa Su
Oct 10, 2013
Member nations of the Association of Southeast Asian Nations (ASEAN) collectively agreed on Wednesday to share satellite data information that will monitor the haze development in each country in a bid to curb illegal fires and prevent its occurrence and spread in the region.
Esther Tanquintic-Misa
Oct 10, 2013
Based on the estimated median wealth of $219,505, according to the Credit Suisse 2013 Global Wealth Report released on Wednesday, Australians are the richest people in the world.
Vittorio Hernandez
Oct 10, 2013
A marine mammal park has been set to be constructed and launched within five years in Taiji, in Wakayama Prefecture on the south-west coast of Honshu. Visitors will get to swim alongside marine animals whales and dolphins. However, there's something more - visitors can also eat the animals' meat, a project sure to catch the ire of animal lovers and protectors.
Esther Tanquintic-Misa
Oct 09, 2013
A looming national default may be on the horizon as the partial U.S. government shutdown remains causing the U.S. and other global market shares to decline. The shutdown is brought by a deadlock in U.S. Congress over "Obamacare" funding or the new healthcare law.
Reissa Su
Oct 08, 2013
In what could be a major blow to U.S. plane maker Boeing (BA), Japan Airlines on Monday announced it has finally decided to purchase 31 A350 wide-body jets from Airbus, with a worth placed at $9.5 billion. Moreover, the purchase agreement between the two companies has options for a further 25 aircraft.
Esther Tanquintic-Misa
Oct 08, 2013
China's Web and online activity has been found to be heavily guarded, scrutinised and policed by two million people, according to a report by local Beijing News.
Esther Tanquintic-Misa
Oct 08, 2013
New Zealand Prime Minister John Key came to the defense of the country's tourism campaign, "100 per cent pure New Zealand," in a conference in Bali, Indonesia ahead of the APEC summit. In the tourism conference focusing on sustainable development, Mr Key said the 100 per cent pure campaign continued to be a success when it was first used to promote New Zealand in 1999.
Reissa Su
Oct 08, 2013
What could have been a peaceful and relaxing week-long holiday for residents turned otherwise when northern China was again surrounded by fog and pollution on Sunday. The situation was so extreme that authorities had to suspend air flight operations as well as closed at least six expressways.
Esther Tanquintic-Misa
Oct 08, 2013
Japan's crippled Fukushima nuclear power plant is at it again, this time leaking 114 gallons of highly radioactive contaminated water into the Pacific Ocean.
Esther Tanquintic-Misa
Oct 04, 2013
Japanese Telco NTT Docomo has just unveiled in its home turf an intelligent wearable device that could topple Internet search giant Google's avant-garde Google Glass device.
Esther Tanquintic-Misa
Oct 03, 2013
They may be becoming one of the world's richest dominions, but the Chinese are a known sloppy pack when touring other countries. Yes it is a fact. Otherwise, China's very own National Tourism Administration won't be publishing a 64-page Guidelines On Civilised Travel Abroad if the Chinese were behaving civilly and properly outside of their home turf.
Esther Tanquintic-Misa
Oct 03, 2013
It was a photo contest not meant to show the most vivid, beautiful and eye-turning picture. It was a photo contest meant to show off the most thought-provoking and livid picture that would most perfectly capture the state of Florida's water pollution problem.
Esther Tanquintic-Misa
Oct 03, 2013
Eighty-six per cent of consumer payments by Australians are done in other ways except cash, indicating how far ahead if the country in terms of becoming a cashless society.
Vittorio Hernandez
Oct 03, 2013
The World Economic Forum had its first Human Capital Index of the most successful countries in the world
Athena Yenko
Oct 02, 2013