S. Korea’s exports slip 2% in April amid chip, China factors
Weak demand and depreciation of chips pull down exports, minister calls for swift execution of supplementary budget. South Korea’s exports dropped 2 percent in April from the…
Financially stressed Jet Airways suspends operations
The financially strapped airlines had been in distress for some time. Embattled Jet Airways, once India’s largest private carrier, grounded itself late-night on 17 April…
IMF to visit Pakistan in April
IMF says its mission will visit Pakistan ‘before end of April to continue constructive discussions’. The International Monetary Fund (IMF) on Monday said that it held…
Malaysia avoids termination fee by renegotiating rail deal
The Chinese-Malaysian venture will go ahead. The government decided to go back to the negotiation table on the East Coast Rail Link (ECRL) project because its termination would…
Seoul calls on Washington for auto tariff exclusion
Finance minister meets with US counterpart over trade, FX agendas. South Korea’s Deputy Prime Minister and Finance Minister Hong Nam-ki has asked the US government for an…
Philippines will not send overseas workers to Libya
Ban on labor deployment to Libya up as civil war erupts. The government has banned the deployment of Filipino workers to Libya as civil war has erupted again in the north African…
Former Korean Air chairman dies in California
Cho Yang-ho resigned after numerous controversy over his family lowered stock prices. Cho Yang-ho, Hanjin Group and Korean Air chairman, has died from a lung disease in the US,…
Ghosn ousted from last Nissan position
Ghosn is facing charges of misuse of company funds and tax evasion. Nissan Motor Co.’s shareholders approved Monday by majority vote removing former Chairman Carlos Ghosn and…
Prosecutors focus on Ghosn’s ‘Oman route’
Ghosn is on trial for evasion of taxes and using company funds for personal use. Tokyo prosecutors are building their case against former Nissan Motor Co. Chairman Carlos Ghosn…
Haze hits Songkran hotel bookings in Chiang Mai
Smog levels in the northern Thai city are at an all time high. The smog crisis has taken its toll on the North’s tourism, with a significant drop seen in hotel-room bookings…