‘Seoul has full potential to become Asia’s next financial center’: Deputy mayor
A major step toward becoming a leading financial center would require easing regulations and improving tax benefits for businesses, according to Hwang Bo-youn.
Big Picture
Indonesia imports, exports hit all-time high in March
Indonesian trade has been breaking records since last year largely because of a commodity price boom, with exports last reaching a record high of $22.84 billion in November 2021.
Southeast Asia’s tourism industry begins uneven recovery
Asia, though, is lagging a recovery in other regions including Europe, which eased restrictions months ago.
Ukraine crisis hits Indonesian cement, fertilizer industries
Companies said that the industries were facing difficulty securing coal, kraft paper, and a certain chemical used to make fertilizer due to Russia's conflict with Ukraine.
Experts expect no large-scale outflows after China, US spread inversion
Industrial experts believed the direct reason for the spread is the US bond interest rate surged again on expectations of faster monetary tightening.
Korean electronics firms wary of fallout as China lockdown lingers
In the meantime, analysts are lowering the target share price of Korean companies, as they might be already bearing the brunt of the fallout due to diminishing demand.
Major sports events back in S’pore, bringing business to SMEs
The return of mass sports events comes as the Government has set aside $500 million to revive the tourism sector, following the reopening of Singapore's borders to fully…
Hong Kong falls ‘off the map’ as aviation hub amid Covid-19 travel curbs
An industry expert warned that Hong Kong will continue to miss out on economic and societal benefits through the restoration of international travel as they attempt to lock out…
US firms willing to invest more in Korea: AmCham survey
Almost four out of five respondents expected to see moderate to significant change under the incoming government.
Bangladesh must not lose focus on macroeconomic stability: ADB
ADB Senior Economist Soon Chan Hong also said that the indirect impact of the Russia-Ukraine war would be high for Bangladesh.