At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Australia’s largest bank has warned that global oil prices could surge to US$150 a barrel if disruptions to Middle Eastern supplies worsen. Commonwealth Bank economists said Brent crude could reach that level in the coming weeks as concerns grow over potential shortages. The warning follows Saudi Arabia’s decision to keep a major oil pipeline closed for several weeks after attacks by Houthi

This is a developing story brought to you by Aus News Lanka, your trusted source for news for Sri Lankans in Australia and beyond. A new research partnership is bringing together Australia’s expertise, Sri Lankan knowledge and international support to strengthen food and water security in Sri Lanka. Researchers from the University of New South Wales (UNSW) are working with the United Nations World Food Programme (WFP), the Sri Lankan Government and local partners to develop p

At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Millions of people across Victoria, NSW, the ACT and Tasmania are set for a sudden return to wintry conditions from Tuesday. A cold front will replace the recent spring warmth with much lower temperatures, strong winds and snow in elevated areas. Tasmania and Victoria will feel the change first. Hobart is forecast to reach only 13°C, while Melbourne is expected to peak at around 14°C. The B

At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Competition among Australia’s major banks is intensifying as lenders cut home loan rates to attract customers, despite growing expectations that the Reserve Bank could raise interest rates again. Commonwealth Bank reduced rates across several mortgage products in late June. ANZ and Westpac followed, while Macquarie Bank also cut rates in July. Mortgage broker Julian Choo said dozens of lend

This is a developing story brought to you by Aus News Lanka, your trusted source for news for Sri Lankans in Australia and beyond. Australia is supporting Sri Lanka’s efforts to develop sustainable agriculture through its partnership with local innovators under the Australian Government-funded Market Development Facility (MDF). A recent visit by Australian High Commissioner Matthew Duckworth and a delegation to Sassrika Lanka’s Bio Super Phosphate (BSP) manufacturing facility

At AusNewsLanka, we aim to keep the Australian community informed with timely updates. One Nation’s proposal to cut Australia’s migrant population by more than 750,000 over three years has triggered strong opposition from business and industry groups. The plan, announced by Pauline Hanson, would target temporary visa holders and people who overstay their visas. The number of temporary visa holders has increased from 1.6 million in 2021 to 2.9 million in 2026. Under the propos

At AusNewsLanka, we aim to keep the Australian community informed with timely updates. The Albanese Government is moving to prevent residential aged care providers from charging older Australians unreasonable fees for services they previously received for free. Under changes to the Aged Care Rules 2025, providers will no longer be allowed to impose a Higher Everyday Living Fee (HELF) for services that were already included in a resident’s care arrangements before the aged car

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 tourism industry is showing strong signs of recovery despite the impact of Cyclone Ditwah in November 2025. The country welcomed a record 2.36 million tourists in 2025, including around 114,000 Australian visitors. Australian arrivals grew by about 20%, crossing the 100,000 mark for the first time. Sri Lanka is now targeting 150,000 Au

At AusNewsLanka, we aim to keep the Australian community informed with timely updates. Australian mortgage holders could face further financial pressure, with Citi forecasting two more interest rate increases before the end of 2026. The Reserve Bank of Australia (RBA) has kept the cash rate at 4.35% after three rate hikes earlier this year. Citi senior economist Faraz Syed expects the cash rate to rise to 4.85%, up from its previous forecast of 4.6%. The bank has also pushed