South Korea's unemployment rate fell in April with the availability of more jobs in the service sector according to figures reported by Statistics Korea Wednesday.
Myanmar can post six percent economic growth next year if the right reform steps are taken by the government, the International Monetary Fund (IMF) has said.
Asia is doubling the size of its foreign currency reserve safety net to $240 billion, finance ministers and central bank officials announced Thursday following a 13-nation meeting in Manila. The reserve funds a multilateral currency swap agreement aimed at protecting Asian markets from global economic crises.
South Korea's industrial output declined 3.1 percent in March from the previous month with exports decreasing and domestic demand continuing to be weak.
South Korea's central bank has lowered the country's growth forecast for 2012 to 3.5 percent on account of the global economic slowdown that has resulted in the weakening of exports.
South Korea's central bank said Friday that it is keeping the key interest rate unchanged at 3.25 percent, subsequent to the inflationary pressures witnessed by the country.
Residents of two southern Philippines' cities battered by a storm that left nearly 1,000 people dead and displaced hundreds of thousands started the hard work of reclaiming their lives as authorities buried dozens of bodies in concrete vaults on Wednesday.
In the aftermath of the Philippines flood,s 1,000 are dead and many more still missing
Asian stocks declined for the first time in a week, after credit ratings agency Standard & Poor (S&P) placed 15 Euro nations on review, for a possible downgrade.
The flooding in Thailand highlights an even larger problem facing the nation: Bangkok is sinking.
China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
Full Text: Indian finance minister's budget speech
Governments in the Asia-Pacific region face the risk of unprecedented numbers of people displaced by floods, storms and other impacts of climate change, the Asian Development Bank (ADB) said in a report on Monday.
Economic growth in China is expected to slow next year as the nation accelerates tightening monetary policies, said a report on Friday.
Chinese officials expect the country's exports to slow next year and trade surplus to narrow as the government comes under pressure to increase its imports.
Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.
The Asian Development Bank (ADB) is concerned about the fiscal health of several Pacific Island countries.
Emerging East Asian economies will grow more than forecast this year but growth will slow in the region next year, the Asian Development Bank (ADB) said on Tuesday.
The East Asian bond market, especially corporate bonds, continues to expand and draw strong demand from return-starved Western investors.
The People's Republic of China (PRC) is set to grow at an annual average rate of 8 percent for many years to come, but the country needs to carry out broad structural reforms to ensure that prosperity is shared by all, a leading PRC investment official said on Friday.
