-
Business
UAE to levy 100% tax on electronic smoking devices as list of excise taxable products expanded
Abu Dhabi: The government of the United Arab Emirates (UAE) said it would expand the list of excise taxable products to include sweetened beverages, sugary drinks and electronic smoking devices. The measure to be implemented starting January 1, 2020 aims “to reduce consumption of unhealthy goods and modify consumers’…
Read More » -
Business
Taiwan tourism revenue soars to new high in Q2
Taipei: Japanese and Chinese tourists emerged as the biggest spenders in Taiwan during the second quarter of the year, official data indicates. Tourism in the country revenue reached a record of $3.96 billion in the second quarter of the year, according to the central bank. Bank officials attributed the new…
Read More » -
Politics
Indonesia, Africa to be huge power if united: President Jokowi
Bali: President Joko WIdodo (Jokowi) said that Indonesia and Africa could become a huge power if they are united through concrete cooperation to boost the welfare of the peoples. “Indonesia is ready and pleased to forge cooperation with our brothers in Africa. Indonesia is your true partner, your trusted…
Read More » -
South Asia
China’s 1320MW coal-fired power plant commissioned in Pakistan
By Nasir Aijaz AsiaN Correspondent Islamabad: The Pakistan government has confirmed successful commercial operations of a $2 billion 1,320MW coal-fired power plant set up by the China Power Hub Generation Company (CPHGC) under the China-Pakistan Economic Corridor (CPEC) project. “M/s CPHGC has successfully undergone through commissioning tests…
Read More » -
Business
Samsung Electronics accounts for 20% of South Korea’s exports in H1
Seoul: Samsung Electronics Co. was responsible for 20 percent of South Korea’s total exports in the first half of this year, showing its heavy influence on the national economy, its financial report showed on Sunday. The South Korean tech giant raised 75.2 trillion won ($62 billion) in sales in the…
Read More » -
Business
South Korea voices willingness to talk with Japan over its ‘whitelist’ move
Seoul: South Korea has notified Japan in advance of its plan to remove Tokyo from its list of trusted trading partners and is willing to talk with Japan further if needed, the trade minister said on Saturday. South Korea decided on Monday to remove Japan from its “whitelist” of…
Read More » -
Business
Job additions hit 18-month high in July
Seoul: The number of new jobs in South Korea rose to their highest in 18 months in July on the back of a rise in employment in the health care, food and leisure-related sectors, with the jobless rate up slightly to 3.9 percent, government data showed Wednesday. The number of…
Read More » -
Business
K-pop, ‘hallyu’ emerge as powerful marketing tools for Korean consumer goods
Sejong: At a trade fair exhibiting Korean goods in Bangkok in June, whenever a customer came to the small booth where he was promoting beauty products, Jake Choi would use his smartphone to show them a video clip as part of his sales pitch. The three-minute video includes a…
Read More » -
Business
Seoul, Manila to hold third round of FTA talks this week
Seoul: South Korea and the Philippines will hold a third round of free trade talks this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Sunday. The two sides already held FTA talks in June and July, according to the ministry. The upcoming…
Read More » -
Politics
ASEAN, Korea meeting in Busan under “Partnership for Peace, Prosperity for People” theme
Bangkok: The Republic of Korea (ROK) and the 10-member Association of Southeast Asian Nations (ASEAN) have recommended the drafting of a new ASEAN-ROK Plan of Action for 2021 – 2025. The plan will consider the ASEAN – ROK Vision Statement for Peace, Prosperity and Partnership that will be issued…
Read More »