Red flag raised as Korea suffers all-time high trade deficit
July 2022 was the first time in 14 years that the nation suffered a trade deficit for five consecutive months, since the period of Dec 2007 to April 2008.
Economic Affairs
Nansha standing out as key investment destination in Bay Area
A large number of investors have flocked to the area in the past couple of months and several enterprises have signed agreements to launch a slew of industrial projects.
Won seesaws amid mixed signals
Crossing the key psychological threshold of 1,300 won per dollar is considered a red flag for the export-led economy.
China remains attractive for US firms
The growth of US investment in China will maintain its sound pace this year, owing to the country's moves to upgrade its industries and huge market demand for goods and services.
Korean financial groups make aggressive expansion in Vietnam
One competitor, Woori Bank, raked in a net profit of 23.8 billion won in the first half of this year from its business in Vietnam, up 128.5 per cent from the previous year.
Japanese companies business suspensions in Russia hurting bottom lines
Production, shipment and sales have been suspended due to supply chain interruptions in Russia, and most of the firms have no prospect of resuming operations.
Drop in appetite for private homes among Singapore’s HDB owners
Fewer HDB flat owners bought private property even as HDB resale flat prices gained 5.3 per cent in the first half compared with a 4.2 per cent rise in private home prices.
India sees less rice planting due to poor rainfall and ‘dwarfing’ disease
The South Asian country is the largest rice exporter globally with a market share of 40 per cent. It exported 17.71 million tonnes of rice last year to 150 countries.
Hong Kong’s July exports value down 8.9%
A spokesman said the value of merchandise exports declined from July 2022 against a worsening external environment and continued disruptions to cross-boundary land transportation.
Cambodia’s tobacco exports smoke 2021 pace at 4800 tonnes in Jan-Jul
The amount of tobacco exported rose by 100 per cent compared to the same period last year.