Economy News

Economy

Scandal Unfolds: Fake Codes in Vietnam's Durian Exports to China Revealed

Vietnam faces a scandal in its durian exports to China due to the misuse of counterfeit codes, leading to unauthorized shipments and financial losses. The Vietnam Fruit and Vegetab...

Economy

Thai Government Announces 2.9% Minimum Wage Increase to Boost Economy

The Thai government has approved a 2.9% increase in the daily minimum wage, effective January 1, 2025, aiming for economic growth of over 3% next year. Tax breaks and a handout sch...

Economy

Singapore Commuters Face Slight Fare Increase: What You Need to Know

Singapore announces a 6% increase in public transport fares, with adults paying 7 cents more per ride. Seniors, students, and low-wage workers with concession cards face only a 4-c...

Economy

Vietnam's Durian Exports Skyrocket: A 44% Leap to $3.1 Billion in 2024

Vietnam's durian exports have surged by 44% to $3.1 billion in 2024, with China as the largest market. The Vietnam Fruit and Vegetable Association predicts total fruit and vegetabl...

Economy

Japan's Unemployment Rate Holds Steady at 2.5% in November, Matching Expectations

Japan's unemployment rate remained steady at 2.5% in November, matching expectations and indicating a stable job market with a job-to-applicant ratio of 1.25.

Economy

US Crude Oil Inventories Witness a Significant Drop of 4.2 Million Barrels

The Energy Information Administration (EIA) reported a 4.2 million barrel drop in US commercial crude oil inventories for the week ending December 20, alongside increased refinery ...

Economy

US Oil Rig Count Holds Steady at 483, Signaling Market Stability

The latest Baker Hughes weekly rig count reveals the US oil rig count remains unchanged at 483 for the week ending December 27, with a notable decrease from last year. Gas rigs and...

Economy

US Natural Gas Storage Sees Significant Drop: EIA Reports 93 Billion Cubic Feet Decrease

The Energy Information Administration reports a significant 93 billion cubic feet decrease in US natural gas storage for the week ending December 20. Despite this drop, current lev...