Economy News

Economy

Survival at Stake: Korean Companies Brace for Impact as Exchange Rate Threatens to Exceed 1,390 Won by 2025

Korean companies face a critical challenge as the won-U.S. dollar exchange rate threatens to exceed 1,390 won by 2025, impacting import costs and overseas investments. A survey amo...

Economy

South Korea on the Brink: Political Turmoil and Economic Uncertainty Post-Leaders' Impeachment

South Korea faces political and economic uncertainty after the impeachment of its top leaders, with concerns over international credibility and calls for a political system overhau...

Economy

China's Central Bank Governor Signals Potential Interest Rate Cuts Amid Economic Adjustments

PBoC Governor Pan Gongsheng suggests there is room for interest rate adjustments within the current monetary policy, while emphasizing a cautious approach to avoid yuan depreciatio...

Economy

December Sees Slower Decline in Japan's Manufacturing Sector Activity

Japan's manufacturing sector saw a slower pace of decline in December, with the PMI index at 49.6, slightly up from November's 49.0. S&P Global reports a near-stabilization, wi...

Economy

Scandal Unfolds: Fake Codes in Vietnam's Durian Exports to China Revealed

Vietnam faces a scandal in its durian exports to China due to the misuse of counterfeit codes, leading to unauthorized shipments and financial losses. The Vietnam Fruit and Vegetab...

Economy

Thai Government Announces 2.9% Minimum Wage Increase to Boost Economy

The Thai government has approved a 2.9% increase in the daily minimum wage, effective January 1, 2025, aiming for economic growth of over 3% next year. Tax breaks and a handout sch...

Economy

Singapore Commuters Face Slight Fare Increase: What You Need to Know

Singapore announces a 6% increase in public transport fares, with adults paying 7 cents more per ride. Seniors, students, and low-wage workers with concession cards face only a 4-c...

Economy

Vietnam's Durian Exports Skyrocket: A 44% Leap to $3.1 Billion in 2024

Vietnam's durian exports have surged by 44% to $3.1 billion in 2024, with China as the largest market. The Vietnam Fruit and Vegetable Association predicts total fruit and vegetabl...