-
South Korea’s Top Two Cinema Chains Set to Merge: A Blockbuster Move
•
Lotte Cinema and Megabox, which rank as the second and third largest cinema chains in South Korea, are considering merging due to challenges faced by the nation’s film projection sector struggling to bounce back from a significant drop in viewership. This downturn has been largely attributed to the increasing popularity of streaming services such…
-
OCBC Reports 5% Rise in Net Profit to S$1.88B in Q1 2025
•
The earnings per share for the quarter stand at S$1.68. Oversea-Chinese Banking Corporation According to OCBC’s most recent performance highlights report, the bank recorded a net profit of S$1.88 billion for the first quarter of 2025, which represents a decline of 5% compared to the same period in 2024. In comparison to Q4 2024,…
-
South Korea’s Record-Breaking $9.14B Current Account Surplus in March
•
In March, South Korea’s current account recorded a surplus of $9.14 billion, marking its 23rd straight month of surpluses, according to data released by the Bank of Korea on May 9. It was the third-longest stretch since 2000, following streaks of 83 months from May 2012 to March 2019 and 27 months from May…
-
China’s Sales to U.S. Slump Despite Export Surprises
•
China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that…
-
Could the Black Market Be the Sole Marketplace in Zimbabwe?
•
On the left, Wellington Kaseke and Oasis Ishingwe cater to customers and accept US dollars at an impromptu grocery store commonly referred to as a tuckshop. Such unregistered enterprises have thrived as traditional stores face difficulties, with many Zimbabweans now favoring American currency over the nation’s recently introduced gold-backed money. Photo Credit: Gamuchirai Masiyiwa,…
-
Editorial: Save South Korea’s Economy With Reform, Not Populism
•
Should South Korea sustain its present levels of productivity, its potential economic growth rate—which signifies the fastest pace at which an economy can expand without causing inflation—could drop to zero by 2040 as predicted by the Korea Development Institute (KDI), with projections indicating it may turn negative later this decade. This somber prediction marks…
-
Canadian CEO Bypasses U.S. Middlemen, Builds Direct Ties with China in Supply Chain Shakeup
•
The operations in Yiwu, the planet’s biggest wholesale market, show how challenges brought about by Washington’s tariffs have disrupted international trading practices. Amid the labyrinth of stalls at Yiwu’s small-commodities market – the world’s largest wholesale hub, located in eastern China – Canadian retailer Luke Therrien weaves through aisles of Christmas trinkets, keychains and…
-
Value for Money Surges: Public Entities Improve by 7% Says AG Report
•
In 2024, the percentage of public institutions receiving unqualified opinions regarding their efficiency and effectiveness in utilizing public funds climbed to 66%, up from 59% in 2023—a growth of seven percentage points—according to Auditor General Alexis Kamuhire. This statement came during his presentation before Parliament on Tuesday, May 6th, where he submitted his annual…
-
CIAA Seizes IPO Documents From Securities Board in International Edition (English)
•
Kathmandu, May 7 — On Wednesday, the Commission for Investigation of Abuse of Authority (CIAA) conducted a raid at the Securities Board of Nepal (SEBON)’s offices and confiscated documents related to 89 hydropower firms that were in the IPO application stage. This action came after accusations surfaced alleging that SEBON officials were soliciting commissions…
-
Bankruptcy Rocks Fans of Brand That Ruled the World for 60 Years After Humble Beginnings
•
EXPLORE FURTHER: The insider tale of how Ozempic wreaked havoc on the weight loss business WeightWatchers has ultimately declared bankruptcy following several months of discussions with its creditors. The weight management firm has been struggling under $1.6 billion of debt following the decline in their market share due to the emergence of newer weight loss…