Xinhua Asia-Pacific news summary at 0600 GMT, March 5

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SYDNEY -- Australia's central bank has decided to keep the country's interest rate on hold at the record low of 1.5 percent on Tuesday, where it has remained since August 2016.

According to Governor of the Reserve Bank of Australia Philip Lowe, a slowdown in the nation's economic performance during the second half of 2018 played a role in informing the board's decision. (Australia-Interest Rate)

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CANBERRA -- Australian Environment Minister Melissa Price said on Tuesday there is "no doubt" that climate change is a factor in the devastating bushfires in Victoria.

Victorians in the state's east returned to their properties on Monday to assess the damage done to their properties, with many finding their homes and farms completely destroyed. (Australia-Bushfire)

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CANBERRA -- A devastating drought has wiped 5.8 billion Australian dollars (4.1 billion U.S. dollars) off the value of all that is farmed in Australia in two years.

In its latest commodity report, released on Tuesday, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecast that the value of agriculture production in 2018-19 would be 58 billion Australian dollars (41.1 billion U.S. dollars) compared to 63.8 billion Australian dollars (45.2 billion U.S. dollars) in 2016-17. (Australia-Drought)

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KATHMANDU -- Nepal Army observed its annual Army Day on Monday amid a special function at the Nepal Army pavilion in Tundikhel in the capital city.

Every year, Nepal Army is celebrating Army Day coinciding with the Hindu's festival Maha Shivaratri as per the lunar calendar. (Nepal-Army) Enditem

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