S Korean president pledges economic assistance for DPRK conditionally

Wednesday, June 25th, 2008

South Korean President Lee Myung-bakon Wednesday stated that his government is willing to assist the Democratic People's Republic of Korea (DPRK) as long as the latter abandon its nuclear weapons program. "If North Korea (DPRK) give ...

KIET projects S Korea’s economic growth to drop in 2008

Tuesday, June 24th, 2008

South Korea's economic growth is expected to drop under 5 percent in 2008 as high consumer prices weakens domestic demand, the Korea institute for Industrial Economy and Trade (KIET), a state-run think tank, said Tuesday. The KIET s ...

Dollar rises on weak data of Europe, Japan

Tuesday, June 24th, 2008

The dollar rose against most major currencies on Monday as reports showed economic weakness in Europe and Japan. The latest euro zone provisional PMI indices for the manufacturing and services sectors both fell below 50 to reveal a ...

Singapore welcomes Japan-ASEAN economic agreement

Tuesday, June 24th, 2008

Singapore, the current chair of the Association of Southeast Asian Nations (ASEAN), on Monday welcomed Japan's ratification of the ASEAN-Japan economic agreement. The Japanese Diet approved the ASEAN-Japan Comprehensive Economic Par ...

DPRK: Inter-Korean economic projects face crisis

Monday, June 23rd, 2008

The Democratic People's Republic of Korea (DPRK) said Sunday that inter-Korean economic projects have been jeopardized due to the South Korean government's in cooperative policy, the official news agency KCNA reported. The South Ko ...

Guidelines issued for mainland residents traveling to Taiwan

Monday, June 23rd, 2008

Travel agencies and mainland residents should not conduct economic, cultural or other exchanges on their visits to Taiwan, say the guideline of the Cross-Straits Tourism Association (CSTA). The CSTA has published three guidelines for mai ...

Mid-year summit of ECOWAS to discuss rising food and oil prices

Sunday, June 22nd, 2008

The impact of the rising global food and oil prices on the economies of Member States of the Economic Community of West Africa States (ECOWAS) are among the issues that will dominate the agenda of the mid-year Summit of ECOWAS heads of stat ...

Vietnam attracts over $30 bln of foreign investment in first half

Sunday, June 22nd, 2008

Vietnam attracted 31.6 billion U.S. dollars in foreign direct investment in the first half of the year, as against 20.3 billion dollars of the whole 2007, said a senior economic official Saturday. The figure proved that foreign inve ...