Shipping constraints shackle Korea’s auto export boom
Last year, South Korea's auto production exceeded 4 million units for the first time in five years in 2023, with auto exports reaching a record $70.9 billion.
Big Picture
Cheap imports and smuggled products pinch Nepali footwear industry
The downfall of the domestic shoe factories started with the pandemic that forced manufacturers out of business.
Second-hand housing transaction rebounds in Beijing
In the 8th week of 2024, the second-hand residential housing transactions in 12 cities all rebounded from the previous week among the key monitored cities.
Experts stress China key to 6G
The comments came after a group of 10 countries, including the US and the United Kingdom, announced that they have endorsed a set of principles to underpin the development of…
Beyond a swift lift to Singapore’s Q1 economy, Taylor’s concerts can deliver long-term dividends
A expert calculated that Swift’s six concerts here in March could generate S$350 million to S$500 million in tourism receipts.
Hong Kong’s push for mega events welcomed by industry
The initiatives, including major music concerts, sports events, and exhibitions, will significantly boost tourist arrivals and benefit Hong Kong’s tourism industry over the next…
More Malaysians opting for gig work, raising fears of skilled worker shortage
The record numbers, representing more than 17 per cent of the country’s workforce, are a marked 25 per cent rise from the 2.4 million self-employed workers recorded in 2021.
Impact of Red Sea crisis still ‘moderate’: WTO chief economist
The Red Sea attacks have raised insurance premiums for shipping companies, forcing many to avoid the vital route that normally carries about 12 percent of global maritime trade.
India a make-or-break market for PUBG publisher Krafton
About 84 percent of the game developer’s annual revenue in 2023 came from the Asian region including India.
South Korea faces antibiotics shortage as drugmakers halt production
In Korea, the demand for cephalosporins has increased due to the recent surge of patients with respiratory diseases after the Covid-19 pandemic.