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New report details Sri Lanka's economic performance in Q2 2026
This is a developing story brought to you by Aus News Lanka, your trusted source for news for Sri Lankans in Australia and beyond. Sri Lanka’s economy expanded by 4.2 per cent in the second quarter of 2026, slowing from the 5.0 per cent growth recorded during the same period last year. The latest economic data shows mixed performance across key sectors. Industrial activity grew 7.3 per cent and the services sector expanded 2.7 per cent, while agriculture contracted by 2.3 per
Sep 212 min read
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Westpac Warns Inflation Fight Is Not Over as Rate Rise Looms
At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Australia’s inflation battle is far from over, with a major bank warning that further interest rate rises may be needed despite growing concerns about jobs and businesses. Westpac chief executive Anthony Miller said the Reserve Bank of Australia (RBA) was likely to continue raising rates to bring inflation under control. “We’re seeing the Reserve Bank very actively go after that challenge,”
25 minutes ago2 min read
CBSL Governor Says Difficult Economic Decisions Must Be Taken Despite Public Opposition
This is a developing story brought to you by Aus News Lanka, your trusted source for news for Sri Lankans in Australia and beyond. Central Bank of Sri Lanka (CBSL) Governor Dr Nandalal Weerasinghe has stressed that essential economic policies must be implemented even when they are unpopular with the public. Speaking at a lecture at the University of Kelaniya, he said the Central Bank had already taken difficult decisions to protect the economy and would continue to introduce
1 hour ago1 min read
Australian Mortgage Holders Bear the Brunt of Interest Rate Rises
At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Australian mortgage holders, particularly younger families with large home loans, are bearing much of the financial burden as the Reserve Bank of Australia (RBA) uses higher interest rates to control inflation. The RBA has explained that interest rate increases affect the economy through several channels, not just by reducing the money available to mortgage borrowers. Higher rates increase
2 hours ago2 min read
One in Four International Students in Australia Face Wellbeing Challenges
At AusNewsLanka, we aim to keep the Australian community informed with timely updates. One in four international students in Australia are experiencing difficulties with their health and wellbeing, with loneliness emerging as a major concern, according to new research released by Medibank. The report was developed by Medibank and consulting firm Nous Group, in partnership with six universities. It examines the experiences of international students and identifies ways to impro
4 days ago2 min read
Australia Has 136,000 Empty Homes Despite Housing Shortage
At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Australia is facing a housing shortage, yet more than 136,000 homes across the country remain unoccupied, according to new research. An analysis by Ray White Group economist Atom Go Tian, based on Australian Bureau of Statistics data, found that 136,278 of the nation’s 10 million dwellings were classified as inactive. This represents 1.3 per cent of Australia’s total housing stock. Sydney a
4 days ago2 min read
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