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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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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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East Asia
Accumulated earnings of Samsung and Hyundai Motors increased more than double.
Accumulated earnings of ten biggest conglomerates in Korea are doubled in 5 years. CEO SCORES, the website that evaluates company’s manageability, released the new report evaluating 10 biggest conglomerates and their 81 listed companies. The report stated that the total accumulated earnings of following companies were 515.9 trillion won. This…
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East Asia
Sharp increase in imported beer sales in Korea
The amount of imported beers in Korea of the first half of 2014 recorded the highest since 2000. According to KOREA CUSTOMS SERVICE as of 16th, the total amount of imported beers in Korea is 53,618 tons which is 29.2% higher than that of previous year. This means that about…
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South Asia
A Statistically Tested Way to Stop Terrorism and Boost Pakistan’s Economy
Over the years prominent Pakistani leaders have held identical opinions alleging that Pakistan is invincible. The recent Pakistani Taliban attacks including those on Karachi’s international airport have put that claim to the test. Yes, it is true the terrorists were defeated due to the brave warriors who gave their lives.…
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East Asia
[Asia Round-up] Japan inflation rate hits 23-year high Jump
Consumer prices in Japan rose at their fastest pace in 23 years in April, following an increases in sales tax. Prices rose 3.2% compared with the same period last year, beating analysts’ forecasts of a 3.1% jump. The government raised its sales tax rate from 5% to 8% on 1…
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