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Friday, February 07, 2020

Asia News on Feb. 7, 2020

By: vietpressusa February 07, 2020

VietPress USA   Source: www.reddit.com
4
Posted by
u/dylanyang0930
22 hours ago

Feb. 7, 2020, Asia business news

Business
(Vietnam 🇻🇳 ) The Mekong Delta province is set to target $3.4 billion of exports in 2020, up 9.8% from a year earlier.
(Source: Viet Nam News)
*Indonesia 🇮🇩 
Bank Indonesia recently spent nearly $1.82 billion on the country’s financial markets as investors began to sell off assets over concerns that the novel coronavirus will wreak havoc on the global economy.
Garlic prices in Central Java spiked 40% to $3.65 from $2.56 per kg due to the impact of the novel coronavirus on trade between Indonesia and China. 
(source: The Jakarta Post)
*South Korea 🇰🇷 
Giant South Korean automaker Hyundai Motor Co. suspended all of its domestic plants as plants in China cannot ship auto parts due to the novel coronavirus outbreak.
(Source: The Korea Herald)
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6
Posted by
u/dylanyang0930
2 days ago

Feb. 6, 2020, Asia business news

Business
(China🇨🇳) China is projected to spend $722 million of subsidies for wind power, photovoltaic, and biomass power generation projects in 2020.
(Source: Xinhua News Agency)
*South Korea🇰🇷
Orion, a South Korean confectionery company, registered its record-high $275.9 million of operating profit in 2019.
Samsung Electronics Co. ranked 2nd in the global tablet market in 2019 in terms of shipments, following Apple Inc. Samsung shipped 21.8 million tablets, accounting for a 13.6% share of the market.
(Source: The Korea Herald) 
*Japan 🇯🇵 
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7
Posted by
u/dylanyang0930
2 days ago

Feb. 5, 2020, Asia business news

Business
(Japan 🇯🇵) Japan is set to raise the retirement age of employees to 70 from 65 in an effort to increase the working population of the rapidly aging country.
(Source: Japan Today)
*China 🇨🇳
China UnionPay is set to temporarily waive charges for cross-bank ATM withdrawal services in Hubei Province, the area where coronavirus first broke out. 
(Source: Xinhua News Agency)
*US 🇺🇸 
Macy's is set to close 125 stores, nearly 20% of its total locations, over the next 3 years. 
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