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Bathla Group Collapses Into Administration, Leaving 3,500 Homes in Limbo on August 25
Bathla Group, a major Sydney developer, has entered voluntary administration with 3,500 homes under construction left in limbo. Teneo appointed as administrator. Buyers and contractors face uncertainty.
Australia’s Capital Gains Tax Overhaul Hits Shares and Property on July 1, 2027
Australia’s new CGT rules from July 2027 replace the 50% discount with a 30% base rate and inflation adjustment. Share sales, property renovations, and super funds face higher taxes.
Sony Stock Faces Pressure as PlayStation Blackout Protest Enters Day 3
Sony faces a PlayStation Blackout protest from August 23-30 as gamers boycott over the company’s plan to end physical disc production by January 2028. Digital sales already dominate PlayStation revenue.
Octopus JoyYou Card Offers HK$800 Cash Rebate in August 26 Launch
Octopus JoyYou Card offers HK$800 cash rebate from August 28 to September 10. Seniors can earn HK$8 rebate per HK$100 spend at 130+ merchants. Government explores merging with Elder Card.
Australia’s Diphtheria Outbreak Hits 538 Cases, Largest Since 1991
Australia records 538 diphtheria cases in 2026, the largest outbreak since national reporting began in 1991. Cases concentrated in Northern Territory and Western Australia among Aboriginal communities.
UOB Wins S$76.1M Appeal Against Lippo Marina Collection on August 26
UOB’s damages award against Lippo Marina Collection jumped from S$17.7M to S$76.1M after appeal court ruled rental income should not reduce fraud losses from inflated housing loans.
Social Security 2027 COLA Announcement Set for October 14, 2026
Social Security 2027 COLA will be announced October 14. Latest forecasts project 3.6% increase, raising average monthly checks by about $75 starting January 2027.
Ticketmaster Cancels Scalped Tickets to Olivia Rodrigo Tour, Releases at Face Value
Ticketmaster cancels scalped tickets to Olivia Rodrigo’s The Unraveled Tour and rereleases them at face value. Fans can request recovered tickets through August 28, with Silver Star tickets available from September 1.
Bathla Group Collapses Into Administration, Leaving 3,500 Homes in Limbo
Sydney developer Bathla Group collapses into voluntary administration on August 25, leaving hundreds of buyers in limbo with 3,500 homes under construction halted. Rising costs and May budget changes blamed.