LAHORE, Pakistan: Veggie and fruit prices have soared in markets across Pakistan as devastating down pours ruin crops and disrupt supplies, an early sign of how the particular most severe floods in decades are usually creating food disadvantages at a time of financial crisis. Pakistan’s 220 million individuals are alreadyContinue Reading
BANGKOK: Thailand hopes to boost its tourism revenue to between 600 million to 700 billion baht (US$16 billion to US$19 billion) by year-end, by targeting high-spending groups like Indian wedding parties and honeymooners, a senior tourism official said. Famous for its white-sand beaches and nightlife, Thailand hopes to tap intoContinue Reading
SEOUL: The main risks to South Korea’s worsening trade balance are sluggish exports to China, high global energy prices and weak semiconductor exports, President Yoon Suk-yeol said on Wednesday (Aug 31). He made the remarks while presiding over his weekly meeting of senior officials on the economy, which was heldContinue Reading
SHANGHAI: Tesla provides shortened delivery waiting around times for its rear-wheel drive Model Ys in China to one to four weeks, it said on its Chinese website, the 2nd change in less than per month. The united states automaker previously cut the waiting period for the same version of ModelContinue Reading
TOKYO: The japanese needs over US$24 billion in expense from both the general public and private sectors to develop a competing manufacturing base regarding batteries used in places such as electric vehicles (EVs) and power storage, the industry ministry said on Wed (Aug 31). An expert panel tasked withContinue Reading
BANGKOK: Thailand’s economy can be expected to grow several per cent to a few. 5 per cent this year, with a slow yet steady recovery since the crucial tourism sector picks up and exports remain good, the particular finance minister stated on Wednesday (Aug 31). The number of foreignContinue Reading
SEOUL: An international tribunal has ordered the particular South Korean govt to pay Lone Star Funds US$216. five million plus fascination with a long-running dispute over the US private equity finance firm’s sale of Korea Exchange Bank. The problems awarded by the Global Centre for Arrangement of Investment Differences, howeverContinue Reading
NEW DELHI: India’s economy probably achieved the fastest annual development in a year in the 04 to June quarter, economists said, planning on the pace in order to sharply slow this quarter and in the next two as increased interest rates hit financial activity. Gross domestic product (GDP) in theContinue Reading
KUALA LUMPUR: Malaysia’s state energy company Petronas on Tuesday (Aug 30) reported a surge in second-quarter profit, boosted by higher oil and gas prices and said that it would double its dividend to the government this year. The world’s fourth-biggest LNG exporter said profit for the April-June period totalled 23Continue Reading
China’s search engine giant Baidu beat quarterly revenue estimates on Tuesday (Aug 30), underpinned by demand for its cloud and artificial intelligence-powered offerings. US-listed shares of the company rose 3.2 per cent in pre-market trade. Even as Baidu’s core advertising sales continue to be soft, customers are signing up forContinue Reading