Vietnam buys rice from rival producer India

Jan 05, 2021 23:37 pm UTC| Economy Business

Vietnam is buying rice from rival producer India for the first time in decades, importing 70,000 tons of 100 percent broken rice for January and February shipments, after local prices peaked in nine years. Dwindling...

Electric Vehicle Series

Norway's purchase of electric cars hit record 54%

Jan 05, 2021 23:28 pm UTC| Economy Business

Electric vehicles accounted for 54 percent of cars sold in Norway last year, up 42 percent the previous year, to put the country ahead of its schedule in eliminating polluting vehicles from roads by 2025. Norway, the...

South Korea predicted to have the fastest economic recovery after being battered by the COVID-19 pandemic

Jan 05, 2021 10:55 am UTC| Economy

South Korea is projected to recover faster compared to other countries that were also battered by the COVID-19 pandemic. Based on the prediction, the country will be able to rise up again at a faster rate this...

Kowepo to build 3 fuel cell power plants worth 250 billion won

Jan 05, 2021 07:40 am UTC| Business Economy

Korea Western Power will invest 250 billion won in constructing three fuel cell-based electricity generation facilities in efforts to increase its renewable power generation capacity to 6.1 gigawatts by 2030 from 490...

S. Korean shipyards expected to take top spot in new global orders in 2020

Jan 05, 2021 07:15 am UTC| Business Economy

South Korean shipbuilders received 7.98 million compensated gross tons (CGTs) out of the global total of 17.92 million CGTs new orders as of Dec. 28 last year to rank first worldwide, according to global market researcher...

S.Korean carmakers sell 36,438 fewer autos in December for 5% plunge

Jan 05, 2021 07:07 am UTC| Economy Business

South Korean carmakers collectively sold 658,550 vehicles in December, down by 5 percent from 694,988 units a year ago, as the pandemic continued to hamper demand. Only GM Korea enjoyed increased sales in December,...

Singapore economy: COVID-19 pandemic results in worst GDP contraction but signs of recovery observed in late 2020

Jan 05, 2021 06:54 am UTC| Economy

Singapores economy saw its worst GDP contraction over the last few decades due to the COVID-19 pandemic in 2020. However, the results were still slightly better than previous forecasts as various sectors show signs of...