Global 

South Korea’s economy facing ‘perfect storm’ as Japan trade dispute continues and exports plunge

As the foreign ministers of China, Japan and South Korea gathered for trilateral talks in Beijing on Wednesday to improve relations, a stark reminder came of the perilous situation South Korea’s economy is in.Exports for the first 20 days of August fell 13 per cent from a year earlier, signalling a ninth successive monthly decline. Within the headline figure, two numbers illustrate the “perfect storm” facing the country: sales of semiconductors – one of its most valuable exports – fell 30 per… Source link

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Singapore 

South Korean rock band Day6 staging first concert in Singapore in October, Entertainment, Singapore News

SINGAPORE – Rising South Korean rock band Day6 will stage their first concert in Singapore on Oct 5 at The Star Theatre. The five-member K-pop group – comprising Sungjin, Jae, Young K, Wonpil and Dowoon, all in their 20s – entered the Korean music scene in 2015, and are known for their heart-tugging alternative rock songs. They have five EPs and three studio albums to their name, and their songs include the groovy Shoot Me and the catchy Congratulations. Their fifth EP, The Book Of Us: Gravity, released last month,…

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Vietnam 

Rains damage vegetable, fruit crops in south, prices go up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The recent heavy rains have damaged vegetable and fruit crops in HCM City and Đà Lạt, pushing up prices. — VNA/VNS Photo Đinh Văn Nhiều HCM CITY — The stormy weather in the south has hit vegetable and fruit output, leading to higher prices in HCM City and Đà Lạt. Nguyễn Bình Phương, deputy head of business and marketing at the Thủ Đức Agro Market in HCM City, told Người Lao Động (The Labourer) newspaper that the volume of fruits and vegetables coming to the market on August 11 was lower…

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Global 

Japanese firms fear escalation in South Korean trade spat as beer, car and fashion brands take a hit

Fearing further backlash from Korean consumers, Japanese companies are tiptoeing around the tit-for-tat dispute between their conservative government and South Korea over Japan’s wartime past as the US-China trade war hits global growth.Sales of Japanese beer, cars and clothing in South Korea have declined since the dispute erupted in early July, due in part to a consumer boycott of Japanese products unleashed by the trade dispute, but also against the backdrop of wobbly growth patterns in… Source link

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Vietnam 

HCM City pours investment in infrastructure in south – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCMC focuses on infrastructure works in its southern part. — VNA/VNS Photo HCM CITY — HCM City will continue to invest in transport infrastructure in its south, according to a report by its transport department. The southern area is comprised of districts 7, Nhà Bè and Bình Chánh. Trần Quang Lâm, director of the Department of Transport told Sài Gòn Giải Phóng (Liberated Sài Gòn) newspaper that Huỳnh Tấn Phát and Lê Văn Lương streets in District 7 would be upgraded and Nguyễn Hữu…

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Home 

Xiaomi to equip smartphones with Samsung camera sensors as South Korean giant retreats from China

Chinese smartphone maker Xiaomi announced on Wednesday that it plans to launch two smartphones using Samsung camera sensors, amid the latter’s retreat from China.Xiaomi’s co-founder and president Lin Bin said at a briefing in Beijing that the two companies would launch two new phones, one 108-megapixel Xiaomi brand smartphone and a 64-megapixel Redmi brand smartphone that will both contain some of Samsung’s camera technology.The company did not give more details about these phones nor did it… Source link

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Global 

China to hit Indonesia, Japan, EU, South Korea stainless steel imports with anti-dumping duties

The report also cited Trump’s promise to suspend the imposition of new tariffs on Chinese goods and allow US firms to sell products to “relevant Chinese companies”, in an apparent reference to telecoms giant Huawei. The Xinhua report also noted that the Trump administration announced on July 9 that it would exempt 110 Chinese products – from medical equipment to key electronic components – from import tariffs. The announcement of new Chinese purchases of US farm products came only a few days after that China was not living up to…

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Singapore 

Pirates attack South Korean cargo ship near Singapore Strait: Yonhap, Singapore News

Pirates attacked a South Korean-flagged cargo ship near the Singapore Strait early on Monday (July 22), assaulting the crew and making off with thousands of dollars in cash, South Korea’s Yonhap news agency said. According to the officials at South Korea’s Ministry of Maritime Affairs and Fisheries, the pirates made off with US$13,000 (S$17,690) in cash after attacking the CK BlueBell before dawn. Besides the cash, some sailors lost their personal belongings, including mobile phones, clothes and shoes, to the attackers, they added. No casualties were reported in the attack,…

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Home 

Japan and South Korea enter the fray of a growing war on not just trade, but also global supply chains

Trade wars have opened up a new front in Asia, with Japan’s decision to restrict exports to South Korea of certain chemicals used in hi-tech and strategic applications – just when the US is locked in a trade war with China. But what is most alarming is what is happening behind the front lines.Few people seem to take the threat to supply or value chains as seriously as they should, which is due largely to the hidden nature of these myriad and vital links among countries and companies across Asia……

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Vietnam 

East Rift Valley enters Singapore, Malaysia; New South New Direction of Revenue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

TAIWAN – Media OutReach – 19 July 2019 – The East Rift Valley National Scenic Area Administration (ERV Administration for short) will lead operators to attend the 2019 International Tourism Fair (MITM Travel Fair 2019) in Johor, Malaysia, from July 19 to 21 to promote Huatung tourism. Johor Bahru Sutera Mall MITM Travel Fair 2019   Kuo Chenling, director of ERV Administration, said that according to the Tourism Bureau, the number of New South’s inbound visitors in 2018 reached 2.28 million, accounting for about 23% of the overall market. In terms of consumption,…

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