Economy News

Economy

South Korea's Export Growth in Early January: A Semiconductor Surge Leads the Way

South Korea's export volume increased by 3.8% in early January, driven by a significant surge in semiconductor exports. While some sectors like passenger cars and steel products sa...

Economy

Vietnam's Durian Import Surge: A $11.8M Investment in Exotic Flavors

Vietnam has significantly increased its durian imports, spending $11.8 million, with a focus on Thai and Malaysian varieties. Despite challenges in cultivation, the country's duria...

Economy

Malaysia Empowers Education: $33 School Aid for Every Student

Malaysia introduces a one-off payment of MYR150 (US$33) to each student from Year 1 to Form 6, benefiting over 5.2 million individuals. This initiative aims to ease the financial b...

Economy

Top Recruitment Demands in 2025: Sales Leads, IT Skills in High Demand

In 2025, the sales and IT sectors lead in recruitment demand, with businesses seeking experienced professionals. However, challenges in recruitment and a gap between employee and e...

Economy

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 480

The latest Baker Hughes report reveals a slight decrease in the US oil rig count to 480, with a notable annual drop of 19 rigs, reflecting the dynamic nature of the oil industry.

Economy

January Sees a Dip in US Consumer Confidence Amid Rising Inflation Concerns

In January, US consumer confidence declined, with the Consumer Sentiment Index dropping to 73.2, a 7.3% fall from the previous year. Rising inflation expectations, reaching their h...

Economy

December Sees a Surge in US Nonfarm Payrolls: A 256,000 Job Increase

In December, the US nonfarm payrolls increased by 256,000 jobs, exceeding expectations. Healthcare, retail, and leisure and hospitality sectors led the job growth, while the unempl...

Economy

China Launches $11 Billion Consumer Trade-In Initiative to Boost Economic Growth in 2025

China introduces an $11 billion consumer trade-in scheme in 2025 to boost economic growth, focusing on home appliances and electronics. The initiative aims to revive household spen...