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West Asia
[AJA Global Report] Pride of Uzbekistan
Last Saturday (July 5th) Ravshan Irmatov, football referee from Uzbekistan, set up a record at the FIFA 2014 World Cup held in Brazil, reported Jahon information agency. Four-time Asian Football Confederation (AFC) “Referee of the Year” award winner Ravshan Irmatov officiated the quarter-final match between Netherlands and Costa Rica. He…
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Business
[AJA Global Report] Algeria’s economy and the gap between resources and achievements
Algeria is the largest country in Africa in terms of surface area, the tenth in the world. It has the third largest oil reserves in Africa after Nigeria and Libya, where its proven oil reserves is estimated at 12.2 billion barrels. It also has the second largest reserves of natural…
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East Asia
DAEWOO E&C’s operating profit increased
DAEWOO E&C’s operating profit is 222.5 billion won which is 2.2% increase. DAEWOO E&C’s operating profit for the first half year is over 200 billion won. As of 25th, according to statement of accounts for the first half year, the total sales of the company is 4.58 trillion won. Operating…
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East Asia
Pantech’s new opportunity
Three wireless/mobile service providers (SK Telecom, KT Corporation and LG Uplus) decided to delay Pantech’s repayment schedule for 2 years. This will help Pantech to earn some time to normalize its financial situation. Three providers released the press release together in 24th saying that they will postpone Pantech’s repayment schedule…
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tobechecked
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East Asia
Oil money rushing into Korean stock market
Recently, oil money has been rushing into Korean stock market. According to Financial Supervisory Service as of 23, foreign investors bought 2.79 trillion won worth Korean stocks. They sold 3.18 trillion won worth stocks for the first quarter, but in the second quarter, they turned into net buyers by purchasing…
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East Asia
Hyundai Engineering and Construction Co. won new contract from Singapore firm
Hyundai Engineering and Construction Co. in 22th revealed that the company formed a consortium with other companies such as Samsung C&T and Japan’s Penta-Ocean Construction and won $775 million worth contract in Singapore. JTC Corporation, a Singapore’s public company, ordered this contract. This contract is a project about constructing a…
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East Asia
Demand for Korean cosmetics increases rapidly in Asia
Due to the popularity of Korean wave ‘Hallyu’ such as K-POP, cosmetics made in South Korea are selling very well. According to KOREA CUSTOMS SERVICE as of 22, monthly sales of cosmetics on June are $152 million which is the highest since January, 2000. By countries, China bought $44.8 million,…
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