The unemployment rate in the Philippines was recorded at 4.1% as more Filipinos join the workforce and the labor market, while the underemployment rate decreased to 9.9% in May compared to 14.6% in April, the lowest it has been since 2005.
Asia/Pacific
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Chinese President Xi Jinping and Italian Prime Minister Giorgia Melon signed a new trade agreement, citing the history of the Silk Road Route despite Italy's exit from the Belt and Road Initiative.
US Sanctions Are Compromising Russian Imports of Chinese Cars
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
China's BYD Plans to Construct $1 Billion EV Factory in Turkey
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Latest News
Samsung Electronics Co. unionized workers, led by the National Samsung Electronics Union (NSEU), will commence a three-day strike at the company's Hwaseong facility near Seoul.
BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.
The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.
The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
China has established a new entity that combines national oil producers and state firms to look for ultra-deep oil and gas reserves.
Japan's potentially poisonous delicacy, fugu, is now available as a new flavor in Nissin's cup noodles, but it won't be sold outside Japan.
The World Bank's board of directors has approved $1.25 billion in loans to support two Philippine government projects focused on ensuring safe and resilient schools and bolstering economic recovery.
A 31-year-old Japanese woman was arrested for allegedly killing her parents to take over their restaurant business.
China has expressed willingness to work with US dairy companies that would like to expand their business in the Chinese market.
