‘Korean New Deal’ aims to revive economy through digitalization
Vice Finance Minister Kim Yong-beom speaks at a press briefing held at the Central Government Complex in Seoul on Thursday. (Yonhap) via The Korea Herald SEOUL — South Korea is…
Bank of England: UK economy could shrink by nearly a third
LONDON — The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year than it…
Isolate the sick to get the economy moving, says Concepcion
After the two-month lockdown of Metro Manila, the country should start working on a normalization process using the simple strategy of isolating the sick, not those who are healthy, according…
Concepcion: ‘Test, test, test’ needed to revive economy
LOCAL INITIATIVE Community testing sites have become crucial to controlling the virus. —CONTRIBUTED PHOTO A business leader on Thursday stressed that one of the ways the private sector hopes to…
European economy suffers record drop amid pandemic
In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter,…
Neda chief: Pandemic to cost PH economy P1.1T in 2020
The Philippine economy can still crawl its way to positive growth in the first quarter of 2020 but will suffer up to P1.1 trillion in revenue loss the entire year…
Vietnam’s digital economy expected to add 30% to GDP by 2030
A customer scans a QR code to make a payment. Photo baotintuc.vn via Viet Nam News/Asia News Network HANOI — Vietnam wants to raise the digital economy’s contribution to gross…
S. Korean economy shrinks 1.4% in Q1 amid virus fallout, sharpest contraction since 2008
SEOUL — South Korea’s economy shrank 1.4 percent on-quarter in the first quarter of this year, as the coronavirus pandemic crippled industrial output, consumer spending and job markets, the Bank…
With flattened curve, what’s ahead for S. Korean economy?
A cashier of E-mart warehouse store in Daegu. Yonhap via The Korea Herald/Asia News Network SEOUL — The signs of a slowing COVID-19 spread on the back of a strong…
China announces more policies to boost economy
Crude oil is processed at Tahe refinery of Sinopec in Kuqa in the southern part of the Xinjiang Uygur autonomous region on March 24. BEIJING — China announced new debt…