Vietnam rises to the top 11 largest exporters globally; trails only Singapore in ASEAN
According to the World Trade Organisation, the country has advanced significantly in import-export rankings.
Economic Affairs
Korean won hits 2-year low after President Yoon declares martial law
The Korean won sharply dropped right after President Yoon’s declaration at around 10:30 p.m. By 10:53 p.m., it depreciated to 1,430.0 won, down 28.7 from the previous day.
India’s Darjeeling tea industry seeks financial revival package
While domestic tea prices have shown an upward trend recently, the sharp decline in production has neutralised the gains, adversely impacting earnings. The minister acknowledged…
Indonesia expects $1b investment commitment from Apple in a week
This comes after the government banned iPhone 16 sales for failing to meet local content rules.
China restricts exports to US over national security concerns
In accordance with Chinese laws, the measures include a ban on exporting such items to US military users or for military purposes, in addition to stricter regulations on exports…
Malaysia urges Chinese firms to avoid using country to dodge US tariffs
Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging, and is seen as well-placed to grab further business in the sector as…
Bangladesh GDP growth overstated since 1995
The panel, based on consultations with various stakeholders, said there is strong evidence that GDP growth was overstated irrespective of political regimes. But the overstatement…
Expectations high for Japan’s freight-only bullet trains
However, many issues related to railway facilities and operations still need to be resolved, delaying the realisation of the freight-only trains.
US President-elect Trump threatens 100% tariff on BRICS countries over currency plans
The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies.
China to test mine for rare metals off Japan island
If China is allowed to conduct commercial development, it may dominate the international supply chain of rare metals.