
Indonesia tightens importation of 11 products, including sneakers, bicycles
Sep 01, 2020 07:06 am UTC| Economy
Indonesia tightened importation rules for certain consumer products, including sports footwear, bicycles, and air conditioning electronics, after imports exceeded 70 percent in May and June. The country is now requiring...

Chinese factory activity dip slightly due to floods
Sep 01, 2020 06:30 am UTC| Economy
Chinese factory activitys Purchasing Managers Index (PMI) slipped slightly in August to 51.0 from 51.1 in July due to widespread floods. The PMI, a key gauge of manufacturing activity in China, was also below Bloombergs...

S. Korea, Cambodia to expand export portfolio in 2nd round of free trade talks
Aug 31, 2020 19:18 pm UTC| Economy
South Korea is conducting the second round of free trade negotiations with Cambodia this week to expand its export portfolio to cushion the economic fallout from the pandemic. According to the Ministry of Trade,...

Online transactions lift S. Korean retail sales 4.4% in July
Aug 31, 2020 12:57 pm UTC| Economy
Retail sales in South Korea surged 4.4 percent in July from last year as online platforms enjoyed increased demand for groceries and home appliances. The 26 major offline and online retailers posted combined sales of...

China's big banks brace for surge in bad loans
Aug 31, 2020 11:31 am UTC| Economy
Four of Chinas five largest state-owned banks have increased provisions against bad debt to prepare for future losses due to the impact of the pandemic. All five suffered the biggest profit losses in at least a decade...

India PM urges entrepreneurs to boost the toy industry
Aug 31, 2020 08:50 am UTC| Economy
Prime Minister Narendra Modi said India could become a global toy hub and urged young entrepreneurs to team up for toys as part of the governments vocal for local initiative. According to Modi, while the global toy...

Stricter distancing to push S.Korea's small businesses into brink of bankruptcy: expert
Aug 31, 2020 06:56 am UTC| Economy
Yonsei University economics professor Kim Jung-sik warned that prolonged social distancing measures will push small business operators and private companies to the brink of bankruptcy, prompting an increase in bad loans,...