Central banks now view climate change as threat
Banks classify climate change as a threat oftentimes despite political pressure to not do so. It has taken governments, business leaders and economic planners a long time to…
Duterte: Pass laws protecting labor rights
The president said he would work hard to protect workers rights to self-organize. President Rodrigo Duterte asked Congress on Wednesday to pass measures that would protect…
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…
Iran sanctions alarm Korean petrochemical sector
Korea, major player in crude oil market, seeking alternative countries would drive up costs. As the US is set to end sanction exemptions for countries buying oil from Iran, South…
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…
China and Central European countries agree to boost ties
China and the Central and Eastern European Countries (CEECs) on Friday agreed to enhance connectivity to achieve more development. The agreement was part of the Dubrovnik…
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…
Managing Pakistan’s slowing economy
The government will find it challenging to keep Pakistan afloat. In case you’ve missed it, there have recently been a slew of forecasts that say the economy is likely to slow…
Li calls for two-way opening-up with EU
Premier, Belgian counterpart speak before meeting with European leaders. China is glad to see a united and prosperous Europe and hopes to expand two-way opening-up while…