S. Korea's 3-T Won support to airlines way behind advanced economies

Jun 29, 2020 23:25 pm UTC| Economy

South Koreas plan of extending 3.2 trillion won to its airlines lags far behind advanced countries amount of government support extended to its airline industries. Out of the 3.2 trillion won, 2.9 trillion won is...

Guangdong's $73-B real estate investment highest among Chinese provinces

Jun 29, 2020 23:18 pm UTC| Economy

Guangdong province invested $73.31 billion in real estate development in the first five months of this year, to rank first in China. Jiangsu and Zhejiang provinces ranked second and third with 496.49 billion yuan and...

Vietnam's economy expands in Q2 despite export slump

Jun 29, 2020 15:57 pm UTC| Economy

Vietnams gross domestic product unexpectedly rose 0.36 percent in the second quarter from last year as exports slumped because of the coronavirus pandemic. However, the growth was at the slowest pace in at least a...

Venezuela eyeing to take over potential profits of gas station operators

Jun 29, 2020 15:37 pm UTC| Economy

Independent gas station operators in Venezuela are under threat of having their licenses revoked at any time in a move by state oil firm PDVSA to benefit from higher pump prices. Weeks earlier, PDVSA had cut generous...

S. Korea to extend tax reduction on cars to boost sales

Jun 29, 2020 15:13 pm UTC| Economy

South Koreas finance ministry will extend the 30 percent cut on consumption tax for passenger cars until Dec. 31 this year to boost sales. The cut reduced consumption tax on passenger cars to 3.5 percent and brought...

India enjoys robust exports in silver jewelry and lab-grown diamonds

Jun 28, 2020 23:58 pm UTC| Economy

Indian exports of silver jewelry more than doubled in fiscal 2020 to $1.7 billion million from the $832 million it posted last fiscal as those of lab-grown diamonds surged 88 percent to $413.39 million from $220.27 million...

US warns UK about security threats of dealing with Huawei

Jun 28, 2020 15:51 pm UTC| Economy

The US State Department warned the UK about the long-term impact of doing business with Huawei after a local council approved the latters $1.24 billion chip research and manufacturing facility in Cambridgeshire. Less...