IMF slashes Korea’s growth forecast to 2.5%
In contrast, the Ministry of Economy and Finance of Korea and the Bank of Korea have yet to revise their growth target of the 3.1% predicted in Dec 2021 and 3% in Feb 2022.
Economic Affairs
Vietnam’s economic growth driven by good recovery of sectors: World Bank
The country’s GDP grew by 5.0 per cent year-on-year in Q1-2022, comparable to the growth rate in Q4-2021, yet was still two percentage points below pre-pandemic rates.
South Korea’s retailers hope for sales recovery as social distancing rules removed
With the return of sample food tasting and lipstick testing, retailers expect a business boost in stores.
The cotton producers of Tamil Nadu are on a warpath
While cotton farmers are upset with the decision of the central government to allow the import of cotton bales at zero duty, the textile industry got a major relief
New policy looks to lure Taiwan entrepreneurs
The new policy is an expansion of three others unveiled in 2007, 2011 and 2015 to encourage Taiwan residents to seek self-employment on the mainland.
Ukraine conflict can hurt Malaysian pockets
Economists say the shortage of oil and energy, of which Russia and Ukraine are a major supplier, will add to the disruptions to the global supply chains, thus driving prices up.
Japan-Russia fisheries talks start amid economic sanctions
During the talks, the two sides will negotiate catch limits for Japanese fishing vessels operating in waters within 200 nautical miles of Japan and the related fees to be paid to…
Plans for Shenzhen-Hong Kong tech zone park to be launched this year
Shenzhen mayor Qin Weizhong said the megacity will work with Hong Kong to implement a joint policy package and cooperate on a pilot scientific research management system.
Cambodia brings down petrol, diesel prices 3.8%
International crude prices soared after the Russia-Ukraine conflict began late in February, but have fallen back over the last few of weeks.
Bank of Japan Gov. Kuroda walks tightrope with monetary easing
The prospects for Japan’s economy have become ever more uncertain, partly due to the increasingly tense situation in Ukraine.