Philippines rushes to avert EU ban on seafarers
Around 50,000 Filipino seafarers are at risk of losing their jobs due to the country’s repeated failure to pass the European Maritime Safety Agency’s evaluation.
Big Picture
Boosting niche markets key to maintaining exports for Vietnam
The Ministry of Industry and Trade also advised exporters to invest and focus on a limited number of products with strong brand recognition.
Consumer spending in South Korea likely to weaken like it did after ferry sinking in ‘14
In the weeks following the ferry accident on April 16, 2014, traumatised Koreans spent significantly less, resulting in slowed economic growth.
Banking giants to inject 95 trillion won to ease liquidity strain
10 trillion won is set aside to manage liquidity at these South Korean groups’ affiliates, including brokerages, insurance, and card companies.
Corporate bank loans surge amid liquidity concerns
Despite being battered by rising borrowing costs intended to corral inflation, companies are expected to seek out more bank loans.
China’s cultural industry posts steady growth in Jan-Sept
Almost all sub-sectors attained recovery in the first three quarters, logging rapid increases or narrowing declines in revenue.
Hanoi’s first nightlife district inaugurated
Open daily from 4pm until 2am, Gia Lam District offers visitors exciting gastronomy, entertainment and shopping experiences.
Indonesian start-up founders still look to Singapore for first leg up
The shock of the pandemic, as well as current macroeconomic turbulence, have done little to stop Singapore’s dominance.
Measures to spur Chinese consumer spending
Among other measures, equipment upgrading by micro, small and medium-sized businesses will be supported by government-funded interest subsidies.
China’s opening-up seen as driver of global growth
In the face of a more complicated and grimmer international environment, China is taking active moves to deal with the challenges ahead.