Economy News

Economy

Vietnam's Hanoi-HCMC Route: The 4th Busiest Domestic Air Route Worldwide

The Hanoi-Ho Chi Minh City route remains the world's 4th busiest domestic air route in 2024, despite a 2% decrease in available seats. Five carriers operate on this "golden" route,...

Economy

Indonesia Rolls Out 3% Tax Break for Hybrid Car Manufacturers

Indonesia is offering a 3% tax incentive to hybrid car manufacturers, with a budget of IDR840 billion. The government also provides various other incentives for battery-operated an...

Economy

BoJ Governor Ueda: Economic Recovery Faces Persistent Uncertainties

Bank of Japan Governor Kazuo Ueda discusses the country's moderate economic recovery and ongoing uncertainties, explaining the decision to maintain interest rates unchanged and loo...

Economy

Why South Korea's Massive Income Growth Doesn't Translate to Better Living Standards

Despite South Korea's per capita GNI increasing 540-fold over 70 years, citizens' perceived income levels have deteriorated. The ratio of PGDI to per capita GNI has declined to an ...

Economy

German Consumer Confidence Takes a Hit: January Forecast Revealed

Recent reports suggest a significant decline in German consumer confidence in January. Industry experts are preparing for potential impacts as reasons behind this downturn remain s...

Economy

BOK Governor Urges Swift Economic Stimulus to Combat Economic Downturn

BOK Governor Rhee Chang-yong calls for immediate economic stimulus through active fiscal policy to combat economic downturn caused by recent political turmoil. He warns of long-ter...

Economy

BoJ Stands Pat on Interest Rates: What's Next for Japan's Economy?

The Bank of Japan maintains its benchmark interest rate at 0.25%, reflecting a strategy of stability amidst a complex economic environment. This decision aims to balance growth and...

Economy

Korean Won-Dollar Exchange Rate Surges to 1,450 Won Amid Fed's Rate Cut Adjustment

The Bank of Korea announces readiness to stabilize markets as the won-dollar exchange rate surpasses 1,450 won due to the U.S. Federal Reserve's adjustment in the pace of interest ...