WASHINGTON-East Asia and the recovery of the Pacific have been undermined by the proliferation of the COVID-19 Delta variant, the World Bank said on Monday, calling for an overall strategy to limit COVID-19 and increase growth for all.
Economic activity began to decline in the second quarter of 2021 and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s newly released economic update in East Asia and the Pacific House 2021. (World Bank-East Asia Economy)
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KUALA LUMPUR – Malaysia’s exports increased by 18.4 percent to 95.59 billion ringgit ($ 22.85 billion) in August from a year earlier, as exports to all major markets, namely ASEAN, China, USA, European Union (EU) and Japan recorded positive growth, official data showed on Tuesday.
Export growth was mainly due to strong external demand for petroleum products, electrical and electronic products mainly due to higher shipments of semiconductors as well as chemicals and chemical products, the Malaysian Ministry of International Trade and Industry said in a statement. (Malaysia export)
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SEOUL sentiment among South Korean consumers over the economic situation improved this month despite the continued revival of COVID-19, central bank data showed on Tuesday.
The Composite Consumer Sensitivity Index (CCSI) was 103.8 in September, up 1.3 points from the previous month, according to the Bank of Korea (BOK). (South Korea consumer sentiment)
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STOCKHOLM – The Swedish electricity company Polestar announced on Monday that it would go public by merging with Gores Guggenheim Inc. to a company value of 20 billion US dollars.
According to a press release from Polestar, the company has entered into a definitive business combination agreement with Gores Guggenheim Inc., a specialty acquisition company. (Sweden-Polestar-Fusion)
Source: sn.dk