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Eastar Jet to Lay off Dozens of Staff

Eastar Jet is likely to lay off a large number of personnel after a voluntary...

Korea Suffers Biggest Decline in Private Consumption

Korea saw the largest drop in private consumption on record this past year even prior...

Uber lays off 3,700 as virus upends sharing economy

In a world where in fact the coronavirus pandemic has turned social distancing right into...

Angkasa Pura II cuts capex to Rp 1.4 trillion, 20 percent of initial plan

State-owned airport operator PT Angkasa Pura II, which manages most airports in the western part...

Comatose Samsung Chairman Still Korea's Richest Man

The nominal Samsung chairman Lee Kun-hee, who is in a vegetative state, remains Korea's richest...

Mercedes-Benz Slapped with Record Fine for Emissions Cheating

The Environment Ministry is fining Mercedes-Benz W77.6 billion for illegally tampering with emissions tests, the...

Foreign personnel feel the pain of 'corona job cuts' in Japan

Eight years after arriving from Brazil, Rennan Yamashita sat in a government office in Mie...

Mandiri's $500 million global bond oversubscribed by five times

State-owned Bank Mandiri has successfully launched its US$500 million global bond as the demand from...

AirAsia to resume flights from Surabaya to two major Malaysian cities

Low-cost carrier AirAsia Indonesia will soon resume flights from Surabaya, East Java, to the Malaysian...

US banks tightened loan standards in first quarter as coronavirus outbreak took hold

Loan officers at US banks reported drastically tightening standards and terms on loans in the...

Retailers, manufacturers cautious on outlook under extended emergency

Major retailers and manufacturers in Japan remain wary of the outlook for his or her...

How Does the Weather Affect Spending Patterns?

That weather influences the spending patterns of consumers is no real surprise, however now Hana...

Pandemic slams Asia's factories, activity hits financial-crisis lows

Asia's factory activity was ravaged in April, business surveys showed on Monday, and the outlook...

Crisis-hit airlines scramble to convert empty cabins to cargo

After the airline industry's ugly ducklings, air freighters are actually flying high as a number...

Korea's Per-Capita GDP Set to Tumble

Korea's per-capita GDP based on purchasing-power parity is expected to plummet this season for the...

LG Claws Back World Lead in KITCHEN APPLIANCES

LG has regained the lead in the global home appliance market, overtaking Whirlpool in both...