Featured TransportHyundai & Kia achieve record-breaking sales in 2023IFM CorrespondentJanuary 4, 2024January 3, 2024 by IFM CorrespondentJanuary 4, 2024January 3, 2024 Hyundai Motor sold 4,216,680 vehicles last year, which is higher than the 3,942,922 units sold in 2022... Read more
Economy FeaturedUAE eyes free trade deals with more countries by 2023 endIFM CorrespondentOctober 20, 2023October 19, 2023 by IFM CorrespondentOctober 20, 2023October 19, 2023 The UAE has so far signed several CEPAs including from Israel, Turkey, India and Indonesia, as part of a strategy to diversify its economy away from oil... Read more
Economy MagazineEconomy 2023: Asian giants walk a tightropeIFM CorrespondentApril 20, 2023April 20, 2023 by IFM CorrespondentApril 20, 2023April 20, 2023 IMF has predicted a strong rebound for COVID-hit Chinese economy in 2023, with industrial mobility and activities picking up the pace... Read more
Currency FeaturedIs strong US dollar bad news?Prajwal WeleOctober 6, 2022 by Prajwal WeleOctober 6, 2022 When the US dollar value increases, it costs more to settle debts with money earned in local currencies... Read more
Featured TechnologySamsung Electronics’ run of record results stalls as tech boom fades globallyIFM CorrespondentJuly 12, 2022 by IFM CorrespondentJuly 12, 2022 Samsung reported its highest-ever quarterly sales of 77.8 trillion won in the first few months of 2022.... Read more
Banking FeaturedStandard and Shinhan bank to test cross-border stablecoinsIFM CorrespondentDecember 1, 2021December 1, 2021 by IFM CorrespondentDecember 1, 2021December 1, 2021 Both the banks will use the decentralised public ledger Hedera Hashgraph, a blockchain technology... Read more
Featured Ports and ShippingNew shipping route connecting China and South Korea now functionalIFM CorrespondentOctober 28, 2021 by IFM CorrespondentOctober 28, 2021 The new route will connect Wuhan with the Port city of Busan... Read more
Aviation FeaturedIndonesia’s Super Air Jet begins commercial operationWebAdminAugust 11, 2021 by WebAdminAugust 11, 2021 The carrier is currently flying from Jakarta’s Soekarno-Hatta International Airport to both Medan and Batam... Read more
Featured TechnologySouth Korea-based Terraform Labs secures $150 mn from leading crypto investorsWebAdminJuly 19, 2021 by WebAdminJuly 19, 2021 The funds will be committed to the Terra Ecosystem Fund, which sponsors projects on the Terra blockchain... Read more
Economy MagazineWhat South Korea‘s plan in Egypt really signalsWebAdminJanuary 25, 2021January 29, 2021 by WebAdminJanuary 25, 2021January 29, 2021 South Korean investments are soaring, perhaps because of the Egyptian strength to emerge as an economically important country in this decade... Read more