Xinhua world economic news summary at 0900 GMT, June 28
SEOUL– South Korea’s Finance Ministry on Monday raised the country’s economic growth outlook for 2021 to 4.2 percent amid the expected rebound in both the export and domestic demand. SEOUL– South Korea’s corporate bond sale posted a double-digit fall last month as companies raised fund for the past months amid an expected interest rate hike later this year,…
MALE — The Maldives has received over 550,000 tourists between January and June this year, local media citing data from the Ministry of Tourism reported here Monday.
The tourism ministry data showed that 555,494 tourists visited the country by mid-year, with 24.3 percent of them coming from Russia and 18 percent from India. (Maldives-Tourism-Data)
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SEOUL — South Korea’s Finance Ministry on Monday raised the country’s economic growth outlook for 2021 to 4.2 percent amid the expected rebound in both the export and domestic demand.
The real gross domestic product, adjusted for inflation, was expected to grow 4.2 percent this year in the Asian country, according to the Ministry of Economy and Finance. It was revised up from a growth estimate of 3.2 percent unveiled six months earlier. (South Korea-Growth Outlook-GDP)
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SEOUL — South Korea’s corporate bond sale posted a double-digit fall last month as companies raised fund for the past months amid an expected interest rate hike later this year, financial watchdog data showed Monday.
The issuance of corporate bonds amounted to 14.92 trillion won (13.2 billion U.S. dollars) in May, down 39.5 percent from the previous month, according to the Financial Supervisory Service. (South Korea-Corporate Financing-Market)
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LA PAZ — The hydrocarbon areas, with gas, construction, manufacturing and mining sectors, in Bolivia are driving the country’s economic recovery, Minister of Economy and Public Finance Marcelo Montenegro said on Sunday.
With the preliminary results of macroeconomic performance, Bolivia will be among the 10 fastest growing nations in Latin America, the minister said in an interview with the state-run Bolivia TV. (Bolivia-Economy-Recovery) Enditem