Day: August 31, 2023

(EDITORIAL from Korea Herald on Aug. 31)

Shift to fiscal soundness2024 budget proposal increases by smallest rate; pork-barrel demands must be rejectedThe government budget proposal for 2024 which passed the Cabinet meeting Tuesday shows the Yoon Suk Yeol administration’s will to recover its…

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Industrial output down 0.7 pct in July

South Korea’s industrial output fell 0.7 percent in July from a month earlier amid an economic slowdown, data showed Thursday.The decrease came after the output remained unchanged on-month in June, according to the data from Statistics Korea.Retail sa…

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Seoul shares open higher amid U.S. rate pause outlook

South Korean stocks opened higher Thursday, tracking overnight gains on Wall Street, as the latest U.S. data bolstered bets that the U.S. Federal Reserve may pause the interest rate hike in the next policy meeting.The benchmark Korea Composite Stock P…

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RANAU HIT BY TREMORS BUT NO UNTOWARD INCIDENTS

A minor earthquake of magnitude 3.7 caused tremors here today but no untoward incidents were reported.Ranau Fire and Rescue Station chief Ridwan Mohd Taib said they did not receive any emergency calls from the public following the tremors.“After the t…

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KING, QUEEN MINGLE WITH NATIONAL DAY CROWD

Known for their sparkling personality and warm attitude, the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah mingled with the multi-racial crowd who throng…

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