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Business
Chinese industries resume production in orderly manner
By People’s Daily Beijing: Chinese local governments and departments are currently mobilizing enterprises to resume operation in a bid to suit production to demand, as it calls for not only prevention and control, but also development to defeat the novel coronavirus epidemic. Many enterprises, responding to the call of the…
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Politics
South Korea’s exports largely unaffected by Mideast tension
Seoul: South Korea said Friday the lingering uncertainties in the Middle East sparked by U.S.-Iran tensions are expected to have only a limited impact on its exports but vowed swift countermeasures if there is increased volatility. The Ministry of Trade, Industry and Energy organized a meeting with related institutions, including…
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Politics
Moon urges inter-Korean efforts to realize Kim Jong-un visit to South Korea
Seoul: President Moon Jae-in proposed Tuesday that the two Koreas make concerted efforts to create the conditions for North Korean leader Kim Jong-un to visit South Korea as agreed. In his New Year’s address, he also reaffirmed his administration’s commitment to pushing for the resumption of two major inter-Korean projects…
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Business
BTS’ latest three concerts in Seoul had economic effect of $860.7 million
Seoul: K-pop boy band BTS created an economic effect worth 1 trillion won (US$860.7 million) with its latest three concerts in Seoul, an academic report showed Monday. The septet finished off its latest world tour, “Love Yourself: Speak Yourself,” with the final leg in Seoul where three evening concerts at…
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Business
Malaysia to enforce smoke, vape ban in eateries starting 2020
Kuala Lumpur: Smoking and vaping will be strictly prohibited in all eateries across Malaysia from 2020 onwards, the health ministry has announced. Health deputy minister Dr Lee Boon Chye has warned that offenders would be slapped with a fine of RM250 ($60.40). “If stubborn (and) not paying up, a fine…
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Business
Jeju Air to acquire Eastar Jet, portending overhaul in low-cost airline sector
Seoul: Jeju Air Co., South Korea’s biggest low-cost carrier, said Wednesday it has signed an initial pact to acquire smaller LCC Eastar Jet, heralding a shake-up in the country’s airline sector. Jeju Air will take over a 51.17-percent stake in Eastar Jet for 69.5 billion won ($60 million) and sign…
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Business
Chinese visitors to Gulf countries to increase 54% by 2023
Dubai: The number of Chinese tourists travelling to the Gulf Cooperation Council (GCC) is expected to increase by 54% from 1.4 million in 2018 to 2.2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4.8%, according to data published ahead of Arabian Travel Market (ATM) 2020.…
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Business
South Korea to grant smaller firms one-year grace period for 52-hour workweek implementation
Seoul: South Korea plans to give a one-year grace period to the country’s small and medium-sized enterprises (SMEs) in adopting the 52-hour workweek system, the labor ministry said Wednesday, reflecting financial concerns for the smaller firms amid an economic slowdown. The 52-hour policy was initially devised to cap the…
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South Asia
Locust swarms destroy vegetation, crops in Sindh province of Pakistan
By Nasir Aijaz AsiaN Representative Karachi: Locust swarms’ attacks have caused serious damages to the standing crops in 11 districts of Sindh province including the suburban areas of Karachi, the provincial capital, during last seven months, the provincial government officials said. Locust, a short-horned grasshopper in the family of Acrididae,…
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Politics
Hong Kong clash with destiny
By Ivan Lim Contributor to AsiaN Singapore: Singapore: A divisive Hong Kong has settled into an uneasy calm following last Sunday’s district-level elections. The momentum from close to six months of street protests marked by clashes with riot-police helped the pro-democracy camp outpolled their pro-establishment rivals in a historic shift…
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