Asia

Pakistan’s IT exports surge 32 percent to $297 million in July on software and telecommunications

Software consultancy services saw a significant surge, increasing by 24.53 percent to reach $77.262 million

South Korea’s mid-sized businesses hit $2.52 billion in Q2 profits on semiconductors and auto parts

The operating profits of automobile and auto parts businesses increased 18.9 percent during the same period

Only 20 percent of Japanese companies use GenAI due to expertise, accuracy concerns: Survey

The primary concern cited by 54.1 percent of respondents was a lack of skilled staff and operational expertise

India successfully launches Earth Observation Satellite-8

The satellite, designed for a one-year mission duration, carries a range of advanced technologies

South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones

Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion

China’s home prices hit new nine-year low in July

Property investment fell 10.2 percent annually in the January-July period, compared with a 10.1 percent drop in the first half of the year

Japan’s economy expands 3.1 percent in Q2 2024, raising rate hike bets

Japan's private consumption, which accounts for over half of the economic output, rose 1 percent in Q2

South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024

Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million

Japan’s wholesale inflation surges to 11-month high as weak yen bites

The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases

Singapore’s GDP grows 2.9 percent YoY in Q2 2024

Ministry attributed GDP growth to the wholesale trade, finance and insurance, and information and communications sectors

Foreign airlines pull China services as domestic airlines expand networks internationally

Foreign carriers operated only 60 percent of pre-pandemic flights to China last month

Leading Chinese chipmaker SMIC revenues rise 21.8 percent to $1.9 billion in Q2 2024

The company's capital expenditure reached $2.25 billion in the second quarter

China’s 1,000-km/h high-speed flying train completes successful full-scale test

The train may be deployed on commuter routes in mega-cities, reducing the Beijing-Shanghai travel time to 90 minutes

South Korea’s current account surplus hits seven-year high of $12.26 billion in June

South Korea's cumulative current account surplus for the first six months of 2024 reached $37.73 billion

India eases new real estate tax rules following criticism

On July 23, India lowered the long-term capital gains tax on real estate to 12.5 percent from 20 percent

China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds

The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period

China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more

The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand

China’s new international land-sea trade corridor connects over 520 ports worldwide

More than 30,000 China-Europe freight trains have operated via the trade corridor

Japanese stocks rebound after biggest slip since 1987 Black Monday, Nikkei up 10.23 percent

From July 11 to Monday's crash, the Nikkei index lost $792 billion off its peak market value

South Korea’s exports extend 10-month growth streak in July, rise 13.9 percent to $57.4 billion

South Korea's exports of semiconductors grew for the ninth consecutive month, rising 50.4 percent in July

China broils under record-breaking temperatures, data reveals hottest July since 1961

Weathercasters warn the intense heat is far from over and is expected to persist into August