SEOUL -- South Korean banks' combined net income hit a record high last year owing to increase in both interest and non-interest incomes, financial watchdog data showed Thursday.

Net income of local banks totaled 21.3 trillion won (16.2 billion U.S. dollars) in 2023, up 15.0 percent compared with the previous year, according to the Financial Supervisory Service. (South Korea-Bank- Earnings)

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SINGAPORE -- Singapore's total employment grew 88,400 in 2023, including 83,500 for non-residents and 4,900 for residents, according to a labor market report released by the Ministry of Manpower Thursday.

The majority of the new employment for non-Singapore residents was in the construction and manufacturing sectors, and the resident employment growth was seen in higher-paying sectors such as financial services. (Singapore-Employment)

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BERLIN -- The Volkswagen Group increased its net profit in 2023 by 13.1 percent year-on-year to 17.9 billion euros (19.5 billion U.S. dollars), Germany's largest carmaker said on Wednesday.

At the same time, revenue rose by 15.5 percent to 322.3 billion euros, with brands such as Porsche, Lamborghini, Bentley, and Audi achieving "good results" in the passenger car segment, according to the company. (Volkswagen-2023)

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ACCRA -- The Ghana Statistical Service announced Wednesday that the country's inflation rate eased to 23.2 percent year on year in February after it inched up to 23.5 percent in January.

Samuel Kobina Annim, the government statistician, said at a monthly briefing that the slower inflation in February was due to the declining food and non-food inflation rates. (Ghana-Inflation-Down) Enditem

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