Xinhua world economic news summary at 0930 GMT, Oct. 12
MANILA– The Philippines’ total external trade in goods grew by 25.3 percent in August from 16.51 billion U.S. dollars a year earlier, the Philippine Statistics Authority said on Tuesday, adding that China remains the Southeast Asian country’s biggest trading partner. TOKYO– Japan’s wholesale prices in September surged 6.3 percent from the previous year,…
MANILA — The Philippines’ total external trade in goods grew by 25.3 percent in August from 16.51 billion U.S. dollars a year earlier, the Philippine Statistics Authority (PSA) said on Tuesday, adding that China remains the Southeast Asian country’s biggest trading partner.
Of the total external trade in August, the PSA said 60.8 percent were imported goods, while the rest were exported goods. (Philippines-Trade-China)
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TOKYO — Japan’s wholesale prices in September surged 6.3 percent from the previous year, logging the largest rise since September 2008, as the costs of energy and raw material went higher, the Bank of Japan (BOJ) said Tuesday.
Prices of inter-company traded goods rose for the seventh consecutive month and hit higher from the 5.8-percent increase in both July and August. (Japan-Wholesale Prices)
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WELLINGTON — The end of year audited Crown accounts released on Tuesday showed the New Zealand government’s health-led approach to the COVID-19 pandemic has protected New Zealand’s economy, said Deputy Prime Minister and Finance Minister Grant Robertson.
“On almost every indicator the accounts show that the New Zealand economy has performed better than forecast, even as recently as the Budget in May. It shows a strong rebound from the first lockdown in 2020, and bodes well for emerging from the current outbreak,” said Robertson. (New Zealand-COVID-19)
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SEOUL — South Korea’s central bank on Tuesday froze its benchmark interest rate at 0.75 percent on worry about the COVID-19 resurgence that slowed the economic recovery.
Bank of Korea (BOK) Governor Lee Ju-yeol and other monetary policy board members decided to leave the seven-day repurchase rate unchanged at 0.75 percent, after raising the rate from an all-time low of 0.50 percent in August. (South Korea-Policy Rate-Freeze) Enditem
