Asia

South Korea, Asian Development Bank sign $2 billion agreement to support development projects

The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT

Egypt seeks investment boost from South Korea across key sectors

Egypt to implement incentive packages to attract investments in the industrial sector

China’s Xinxing Ductile to invest $400 million in Egypt within 5 years

In April, SCZONE laid the foundation stone of the Xinxing Ductile Iron Pipes Corporation’s factory

Vietnam’s tourism sector generates $10.7 billion in revenue in four months

The sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the same period

Hong Kong’s economy grows 2.7 percent in Q1 2024

Exports see 6.7 percent growth on increased external demand

South Korea’s terms of trade extend positive 10-month streak, surge 5.9 percent in March

South Korea's trade surplus increased to $4.28 billion in March

China’s manufacturing activity expands at fastest pace in 14 months in April: PMI data

China's manufacturing sector ramped up production levels at the swiftest pace since May 2023

Japan’s industrial production grows 3.8 percent in March on vehicle production surge

Japan sees notable 9.6 percent rise in motor vehicle production in March

Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector

Collaboration to power up green data centers in Malaysia's industrial parks

Hong Kong’s GDP likely to grow 2.5-3.5 percent in Q1 of 2024

Mega events to propel Hong Kong's economy and tourism sector

Hong Kong home prices up 1.1 percent in March, first rise in 10 months

Higher mortgage rates, an outflow of talent and a weak market outlook impact property sales

Bank of Japan keeps interest rate unchanged, yen hits 34-year low

Recent attempts by Japanese authorities to intervene in currency markets have been ineffective

Dubai’s DMCC hosts trade roadshow in Japan to drive growth in Web3, AI and gaming

DMCC is home to 83 Japanese companies, constituting over 24 percent of Japanese firms in the country

South Korea’s GDP grows 1.3 percent in Q1 2024 driven by export recovery

The country achieved its most rapid economic growth in more than two years

Samsung and Google to team up for next level AI

Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones

China’s employment stability, social security fund growth in Q1 reflect economic resilience

3.03 million new urban employment opportunities reflect China's improving economic landscape

Asia is the region most impacted by climate disasters: WMO

79 water-related climate disasters impacted Asia last year

India’s manufacturing sector continues to support private sector growth, PMI data says

Growth in India remained broad-based in both the manufacturing and services sectors

Dollar-yen exchange rate hits 34-year peak as investors monitor Japan’s currency support measures

The dollar climbed to 154.85 yen, its highest point since the middle of 1990

China leaves benchmark lending rates unchanged in line with market expectations

The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent