Economy News

Economy

South Korea's Exports Plummet 14.3% to U.S. Amid Escalating Tariff Wars and Global Trade Tensions

South Korea's exports to the U.S. dropped by 14.3% in early April amid tariff wars, contributing to a wider trade deficit. Exports to China and other regions also declined, though ...

Economy

South Korea and Indonesia Strengthen Ties: High-Profile Business Round Table Aims to Boost Economic Partnerships

A high-profile South Korean delegation, including leaders from major corporations like Lotte and Hyundai, visits Indonesia to strengthen economic ties and explore partnerships in e...

Economy

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Market Speculations

The People's Bank of China maintains its benchmark interest rates, in line with market expectations, reflecting a cautious monetary policy approach amid current economic conditions...

Economy

Chicago Fed's Goolsbee Warns Against Political Interference in Monetary Policy Independence

Chicago Fed President Austan Goolsbee stresses the importance of the Federal Reserve's independence from political interference and discusses business concerns over tariffs and the...

Economy

Indonesia Plans $19 Billion Import Boost from the US to Address Trade Imbalance

Indonesia proposes a $19 billion increase in imports from the US, including energy and agricultural products, to balance trade and avoid tariffs, adjusting import sources according...

Economy

Malaysia's Controversial Crackdown: Over 1,000 Durian Trees Felled in Illegal Land Use Campaign

Malaysia's Pahang state authorities have destroyed over 1,000 durian trees, including Musang King varieties, in a crackdown on illegal land use. Farmers protest, citing a court ord...

Economy

Singapore Launches SkillsFuture Jobseeker Support: Up to $4,500 for Unemployed Citizens

Singapore's SkillsFuture Jobseeker Support scheme offers up to S$4,500 to unemployed citizens meeting specific criteria, aiming to aid in their job search with financial support an...

Economy

Vietnam and China Strengthen Trade Ties with New Pact on Agricultural Exports and Infrastructure

Vietnam and China have signed a new trade pact to boost agricultural exports, including chili, passion fruit, and swiftlet nests, to China. The agreement also focuses on streamlini...