Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting | Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire |
Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting | Cambodia Condemns Thai Military Attack on Preah Vihear Temple | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory | Cambodia and Thailand Clashes Enter Third Day as Casualties Rise to 33 | Cambodia Condemns Thai Aggression at UN, Calls for Ceasefire and International Intervention | BREAKING: Cambodia Denies Firing Projectiles into Laos, Accuses Thailand of Disinformation | BREAKING: Laos Denies Border Clash with Cambodia; Cambodia Rejects Thai Accusations of Shelling Laos | BREAKING NEWS: Andrew MacGregor Marshall Claims Queen Mother Sirikit Has Died, Alleging Concealment by Thai Authorities | TOP NEWS: Trump Claims Diplomatic Role in Cambodia-Thailand Border Conflict, Calls for Ceasefire |

Australia Hikes Interest Rates For First Time Since 2010

INTERNATIONAL: Australia's central bank raised interest rates for the first time in more than a decade on Tuesday (May 3), a pre-election hike designed to curb soaring consumer prices.

The Reserve Bank of Australia raised the main lending rate by 25 basis points to 0.35 per cent, the first increase since November 2010.

Ending record-low rates, the bank said inflation had "picked up significantly and by more than expected", while signaling that "further increases in interest rates" would come.

The move plunged the bank into the center of a fierce political debate about the health of Australia's economy, just weeks before a May 21 election.

Prime Minister Scott Morrison, who is trailing in the polls, said he sympathised with mortgage borrowers who would now face rising costs.

But he insisted Australia is faring better than its peers and that rising inflation is a result of worldwide trends.

Like consumers around the world, Australians have been hit by soaring prices for food and fuel. Australia's annual inflation rate is currently at 5.1 per cent.

But house prices have been rising for years even as wages have stagnated. Sydney and Melbourne are among the most expensive cities in the world to live.

Morrison pointed to the impact of supply chain constraints caused by the pandemic and a war in Ukraine that has caused "the single largest energy shock we've seen around the world since the 1970s".

The opposition Labor party painted the rate rise as evidence of a weakening economy and the conservative government's economic maladministration.

"If only you could pay your mortgage with Scott Morrison's excuses," said opposition economic spokesman Jim Chalmers.

The rate rise is expected to be the first of several, which could have serious implications for Australia's once-perennially growing economy.

Higher interest rates will spell higher borrowing costs for millions of already heavily indebted Australians, in a country where real estate market speculation is something like a national pastime.

Interest rates of 2 per cent would cost the average homeowner about US$362 a month, according to financial services website RateCity.com.au.

"That's going to be a lot for many borrowers to swallow, particularly anyone already struggling to make the monthly budget add up," said RateCity's Sally Tindall.

Australia's vast resource wealth has for decades provided insulation from global financial headwinds and underpinned high standards of living.

The country is among the world's largest producers and exporters of iron ore, gas and coal.

But there are growing concerns that the "lucky country's" run of good fortune may be coming to an end.

In early 2020 the economy fell into recession for the first time in almost three decades, largely because of devastating bushfires and the start of the COVID-19 pandemic.

Climate-fuelled floods, bushfires and droughts are proving increasingly costly.

This year's east coast floods cost an estimated A$3.35 billion (US$2.4 billion) in insured losses, making it the costliest flood in Australia's history, according to the Insurance Council of Australia.



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