TOKYO -- The Bank of Japan (BOJ) on Thursday maintained its ultra-easy monetary policy to support the economy amid ongoing concerns over the future course of the global economy.
At the conclusion of a two-day meeting, the BOJ Policy Board voted seven to two to maintain short-term interest rates at minus 0.1 percent and keep its long-term interest rates at close to zero. (Japan-Monetary Policy)
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SYDNEY -- The Papua New Guinea (PNG) province of Manus is set to become the country's first "tax free economic zone", the nation's Prime Minister James Marape has announced.
Speaking to members of the business community at the second Speakers' Investment Summit in Port Moresby on late Wednesday, the newly appointed leader outlined his new economic vision for the South Pacific nation. (PNG-Economic Zone)
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SEOUL -- South Korea's corporate capability to pay interest cost with operating profit worsened in 2018 on economic slowdown, a central bank report showed Thursday.
The average ratio of operating profit to interest cost among 21,213 companies subject to external audit came in at 5.9 last year, down from 6.3 a year earlier, according to the Bank of Korea (BOK)'s financial stability report submitted to the parliament. (S.Korea-Corporate-Interest Cost)
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SEOUL -- South Korean President Moon Jae-in's approval rating fell this week amid public criticism over the military's failure to spot a small wooden boat from the Democratic People's Republic of Korea (DPRK) until it crossed the maritime border into the South Korean eastern port, a weekly poll showed Thursday.
According to the Realmeter survey, support for Moon dipped 2.7 percentage points over the week to 46.8 percent this week. (S.Korea-President-Approval Rating) Enditem
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