Author: Mark J

The South Korean government has unveiled a 7.3 trillion won ($5.5 billion) package to boost the country’s semiconductor industries as it seeks to retain its dominance in the global chip market. This undertaking is part of a development plan targeted at identifying and correcting economic problems and promoting the development of successful industries. The semiconductor support program will be a foundation for the country to sustain South Korean’s semiconductor industry the market leader in chip manufacturing and designing company. It entails the funding in research and development, upgrading of infrastructure and offering of incentives to make the firms undertake their…

Recent reports indicate South Korea’s economic recovery from the global financial crisis that hit the country late last year and further intensified by the disaster with exports and manufacturing output improving and consumer prices comparatively steady as reported by the finance ministry. According to the Ministry of Economy and Finance Green Book – a monthly economic report – the hint is also pointing to the upward movement of the domestic demand, facilitated by the facility investment as well as the service industry. Minister of Finance South Korea Choi Sang-mok said that the country’s economy has a tendency for the restoration…

Japanese companies have reported record combined profits in the latest April-June quarter proving the strength of Japanese corporate sector despite troubled times. This great performance is at a time Japan’s economy is facing diverse challenges such as declining yen, increase in inflation rates and global economic volatility. These include among the following; increased efficiency in operations, methods of cost reduction, and gradual revival of domestic and foreign demand. Some Japanese companies have achieved good practices for the new coronavirus business environment by utilizing digital tools and changing their organizational structure to increase profitably. Nevertheless, such positive picture with corporate performances…

Currently, Japanese economy can be described in one word – cyclical, Therefore, analysis of the recent changes in the Japanese economic system is rather complicated. The benchmark measure of the Japanese market, the Nikkei share average has declined to its lowest level it recorded since August 15, sinking by 1%. This decline has been primarily influenced by two factors: by a strengthening of yen and decline in the semiconductor stocks. This has been of worry to Japanese exporters because it leads to an increased price of their exported products in foreign countries. Responsible for a large share of exports, automotive…

The South Korean government has recently introduced a set of measures that should help impulse investments and counter current issues on the way to sustainable economic growth. Mainly, it is working toward increasing efforts to facilitate cross-ministerial activities as well as regional redevelopment for the purpose of expediting the recovery of its economy and improving the lives of its people. Some of the planned seventy initiatives include the ‘Expanded Investment Express,’ an attempt spearheaded by vice ministers of relevant ministries to tackle existing obstacles to investment. From this month, this program will entail efforts to unveil constraint that may be…

The reports revealing the latest economic outlook of the south Korea indicate that the export and factory productions are on the rise, and so also the consumer prices are becoming steady. According to the Green Book of economic report from the Ministry of Economy and Finance in South Korea, every month evidence shows that the South Korean economy has soon begun recovering from the sty mergic shock while the consumer price stabilizes and domestic demand improves. China’s exports were up 24.6% yoy during the first 10 days of September and reached $18.58 billion mainly on the back of strong demand…

The government of Singapore has reiterated its estimated GDP growth for the year 2024 standing at 1-3% in view of the number of economic challenges. This decision comes at a time when the city stares at risks in the external environment even as internal markets remain fragile. More significantly, Singapore’s economy has presented stability and signs for gradual recovery in Q1 2024 with an economy growth rate of 2.7%. While this growth rate may be small it is higher than the growth rate of previous quarters, and has taken the confidence in the country’s economic growth forward. According to the…

Hong Kong regained the rank of Asian’s leading financial centre leaving behind Singapore as per Global Financial Centres Index. The survey published here on Monday ranked Hong Kong third internationally behind New York and London, while Singapore ranked fourth internationally. This development is a big positive for Hong Kong’s financial industry which has been hit hard as people left the city because of Covid restrictions. It is a well-known performance rating tool in the financial sector ranking cities according to a number of criteria including general business climate, talent pool, communications and transportation infrastructure, state of development of the financial…

The Chinese government unveiled a huge package of economic measures on Thursday to energize the world’s second largest economy. The pivoting is in an attempt to cope with decelerating hard economic growth, declining consumer demand and Trump’s trade war with Beijing. These stimulus measures that were launched recently by Premier Li Qiang are essentially a package of the monetary and fiscal policies aimed at stimulating the overall flow of funds in the financial market and stimulating con sumption demand in the country. The package is estimated to be worth about 2 trillion yuan ($280 billion) which put it among some…

The Federal Reserve made its expected move on Wednesday when it cut its benchmark federal funds rate by 25 basis points to 5.00-5.25%. It will be the last time since March 2020 that the central bank instituted the cut in the rate, and the change in the monetary policy agenda to promote growth with fears of a slowdown. Jerome Powell, speaking to the press after the meeting, stressed that the fate of cutting rates was not the start of a long process of lowering interest rates. But, he kept the door open saying that the Fed ‘would provide additional accommodation…