Lin Lin is a business reporter and finance presenter based in Sydney. She has previously reported for CNBC in Singapore and SBS.
Former employees of collapsed property developer Bathla Group speak for the first time about unpaid wages, mounting financial hardship and fears for their futures in Australia.
Topic: Housing Construction Industry
Court records reveal some Bathla Group-linked companies struggled to complete multimillion-dollar land purchases years before the developer's collapse. A former major lender says Bathla was expanding too quickly, leaving it vulnerable when the property market turned.
Topic: Housing Construction Industry
Australian shares finished the trading day slightly up after a US tech rout driven by concerns about AI spending, while oil hit a five-month high.
Private credit firms are striking deals to recover their money following the $3.4 billion collapse of property giant Bathla Group, with one major lender selling most of its exposure to a Sydney apartment project.
Topic: Construction and Real Estate Industry
Australian shares closed the week higher after investors, who are cautious about AI, heard from US Federal Reserve chairman Kevin Warsh. He told an IMF meeting in Bangkok that AI was a huge benefit to the US economy, although the pathway to job creation and wealth would be "very bumpy".
Firmus searches for private funding as it withdraws its application to list on the ASX just a day after closing its books to investors.
A ban on card surcharges has led some cafe owners to lift coffee prices. It's an unintended consequence of the Reserve Bank's card surcharge ban, which was intended to lower prices for consumers.
Topic: Business, Economics and Finance
The Australian share market has risen fractionally after Wall Street recovered from early losses as US Treasury yields retreated from multi-decade highs. See how the day's events unfolded on the ABC News live markets blog.
Home owners are looking for ways to earn extra funds as the increase to interest rates to 4.6 per cent makes it harder to make ends meet.
A leading economist has warned the price of unleaded petrol could be headed above $2.70/litre. Meanwhile, the share market closed the week in negative territory as a global bond sell-off deepened.
Building work has stopped at sites and company is down to skeleton staff.
Topic: Housing Construction Industry
Australian data centre operators have raised a record $35 billion so far this year. Meanwhile, the RBA governor says central banks globally are monitoring the risk of an AI investment bubble.
The ABC understands the company's bank accounts had "not been reconciled for some time" and records may contain about $736 million in overstated inter-company receivables and payables.
Topic: Housing Construction Industry
Bathla Group's administrators have been given more time to work through the troubled property developer's voluntary administration.
As Bathla was being buried under mounting debts, the family behind it amassed a portfolio of luxury properties.
Topic: Housing Construction Industry
Bathla has bought itself another fortnight. But while five lenders are keeping a part of the business alive, others are taking control of individual projects, pulling the sprawling property group apart piece by piece.
May bought her apartment on the promise that property developer Bathla would knock $40,000 off the price at settlement. Now with the company in administration, she has no guarantee it will be honoured.
Topic: Housing Construction Industry
Australian shares are lower after oil prices and treasury yields surge, weighing on Wall Street.
The floundering property developer Bathla Group stands down 213 staff as it secures two weeks' worth of additional funding to continue construction at some of its construction sites.
Topic: Housing Construction Industry
Bathla Group owes known creditors about $3.4 billion, including $3.08 billion to secured lenders, according to preliminary figures presented at the company's first creditors' meeting.
Topic: Housing Construction Industry
Several Australian banks and global investment banks are now forecasting the Reserve Bank will hike the cash rate again this month.
The embattled Bathla Group has found some funding to pay its staff today as it teeters on collapse.
Topic: Housing Construction Industry
Administrators of crumbling property development business Bathla Group are preparing to liquidate it by the end of the day.
Topic: Housing Construction Industry
The administrators of Bathla Group warn the business might not survive until the end of the week, but remain confident they can raise enough funds to finish homes currently under construction.
Topic: Construction and Real Estate Industry
The Australian dollar has rallied today as traders factor in the potential for higher interest rates.
