Economy News

Economy

Indonesia's Direct Durian Export to China: A Game-Changer for Farmers

Indonesia seeks to boost durian exports to China by facilitating direct shipments, bypassing current transit through Thailand. This move aims to capitalize on the growing Chinese d...

Economy

US Banks Prepare to Challenge Fed Over Stress Test Transparency

Major US banks are reportedly planning to sue the Federal Reserve over its annual stress tests, citing concerns about transparency and capital requirements. The Fed has proposed ch...

Economy

Japan's Struggles to Hire Guest Workers: The Impact of Illegal Recruitment Practices

Recruitment companies in Vietnam are struggling to meet their targets for hiring guest workers for Japan due to illegal recruitment practices by intermediary firms. The government ...

Economy

Disguised E-cigarettes Flood Online Markets, Targeting Young Customers

E-cigarettes disguised as toys and beverage containers are flooding online markets, primarily targeting young customers. Despite a pending ban and health warnings, sales are rising...

Economy

Japan's Finance Minister Vows to Act Against Erratic Yen Fluctuations

Japan's Finance Minister Katsunobu Kato expresses concern over the recent erratic movements in the foreign exchange markets, vowing to take appropriate action to address excessive ...

Economy

Martial Law Aftermath: Consumer Sentiment Hits 12-Year Low

Consumer sentiment in December has deteriorated to its steepest level since the global financial crisis, with the Composite Consumer Sentiment Index (CCSI) for December falling sha...

Economy

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...

Economy

Australia's Central Bank Stands Firm on Restrictive Monetary Policy

The Reserve Bank of Australia maintains a restrictive monetary policy to manage inflation, with a cautious approach to future data before considering policy relaxation.