South Korea's GDP shrank by 1% in 2020 on fallout from the COVID-19 pandemic, the Bank of Korea announced on Tuesday, marking the worst growth in more than two decades but pointing towards a rebound ... ( read original story ...)
IMF Raises Growth Forecast for Turkey, Points at Financing Risks
The International Monetary Fund raised its growth forecast for Turkey’s economy amid the coronavirus vaccine rollout, while warning the pandemic response worsened pre-existing financial risks. ( read original story ...)
Coronavirus latest: IMF says Turkey has room to expand fiscal stimulus in its Covid response
UK job losses slow as furlough extension limits unemployment rise. Rolls-Royce warns on cash outflow as pandemic hits aviation market. UBS to launch SFr4bn share buyback as profits jump. ( read original story ...)
Vietnam raises petrol prices by over 300 VND per litre
Retail petrol prices rose by more than 300 VND per litre from 3 pm on January 26, the fifth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of ... ( read original story ...)
Progresses seen in Vietnam management of national foreign debts: workshop
Vietnam has recorded significant achievements in managing national foreign debts over the past three decades, said an official at a workshop on the issue held in Hanoi on. ( read original story ...)
Indonesia’s central bank expects billions of foreign funds to return – supporting the rupiah
The rupiah has stayed roughly flat against the U.S. dollar this year, after losing 1.1% to the greenback in 2020 at the height of the Covid-19 pandemic. ( read original story ...)
5% Growth Target Still Achievable, Says Indonesia Finance Minister
Indonesia Finance Minister Sri Mulyani Indrawati sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak. ( read original story ...)
Indonesia says new sovereign wealth fund attracts US$10 billion commitment
JAKARTA: Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior ... ( read original story ...)
Indonesia raises economic recovery budget to $39b
The previously approved budget for the program in 2021 was Rp 372.3 trillion, although authorities have said this may swell after President Joko “Jokowi” Widodo announced he wanted to run the mass ... ( read original story ...)
China state-owned firms’ Dec profits rise 13.8% y/y – finance ministry
The profits of China's state-owned firms rose 13.8% year on year in December, according to a notice from the Ministry of Finance. ( read original story ...)