Huawei denies selling smartphone business rumours
The company said, however, that it will continue to beef up investment in the phones and build up its high-end brands.
Business
Will the rise of ChatGPT save Korea’s chipmakers from mounting inventories?
No immediate impact is expected in easing inventory woes but potential seems huge depending on marketability of big generative AI services.
Coffee industry needs sustainable development to target $6 billion in exports
The export volume of the 2022-2023 crop is also forecast to decrease sharply compared to the previous crop due to little inventory from 2021-2022.
China buys fewer Korean goods amid waning perception: Report
Complaints about product quality, after-sales services and high pricing greatly increased compared to the pre-pandemic period, the survey found.
Chinese need to spend to spur economic growth, but fears give them pause
And there is plenty to spend. After three years stuck at home, the Chinese have amassed a huge pool of savings, the article states.
Why microfinance lending in Nepal has been embroiled in controversies
Borrowers cite anomalies like exorbitant interest rates for their failure to pay back loans.
Bhutan strategises to promote tourism
Officials have said while they are still actively marketing in the key markets, there is also potential in other markets, such as China and Russia.
Weak chip demand pushes South Korean economy recovery off track
The export-reliant economy is struggling to shake off Covid-led downfall as sales of key export item dwindles.
Reduced corporate tax rates yield no benefits
More than 80 per cent of the economy is informal so it is not possible for companies to take benefit of the reduced rates, said a top official.
China maintains solid momentum for growth
Officers say improvement in both manufacturing and service points to a gradual normalisation of activities and the accelerated resumption of work.