Category : Business

Business

ADB unveils fund to speed ASEAN power grid plans

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MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and...
Business

Shenzhen Port tops 8.52 million TEUs in first quarter

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SHENZHEN: Shenzhen Port handled 8.5227 million foreign-trade containers measured in TEUs in the first quarter of 2026, official customs data showed, as one of China’s biggest maritime...
Business

UAE enters global top 10 exporters in WTO rankings

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ABU DHABI: The United Arab Emirates entered the world’s top 10 merchandise exporters in 2025 for the first time, ranking ninth globally after its goods exports...
Business

Türkiye raises power and gas prices by up to 25%

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ANKARA: Türkiye has raised electricity and natural gas prices for households and several business categories, with the biggest increases reaching 25% and taking effect on April...
Business

South Korea food exports rise 4% in first quarter

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SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit,...
Business

Vietnam exports jump 19.1% in first quarter of 2026

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HANOI: Vietnam’s exports rose 19.1% from a year earlier in the first quarter of 2026 to $122.93 billion, according to official data released on April 4, extending a...
Business

China expands digital yuan network with 12 new banks

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BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting...
Business

South Korea FX reserves fall in March on stronger dollar

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SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
Business

South Korea inflation hits 2.2% in March on oil surge

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DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official...
Business

Japan factory output drops 2.1 percent in February

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TOKYO: Japan’s industrial output fell 2.1% in February from the previous month, official preliminary data showed on Tuesday, as weaker production in autos, fabricated metals and electronic...