• Finance Minister discusses with US Assistant Secretary of Commerce

    ALGIERS- Minister of Finance Mohamed Djellab and US Assistant Secretary of Commerce for Industry and Analysis Marcus Dwayne Jadotte held discussions Tuesday, in Algiers, on cooperation between Algeria and the United States.

  • ISIS kidnaps 9 foreign oil workers in Libya

    Nine foreign workers have been reportedly abducted by ISIS-affiliated militants after an attack on a Libyan oil field, according to officials. The kidnapped foreigners were working for VAOS, an Austrian-owned oil services company whose headquarters are in Tripoli, the Libyan capital. They include four Filipinos, an Austrian, a Czech and a ...

  • Head of Prudential's US business to become new CEO

    [BENGALURU] The head of the US division of Britain's Prudential Plc, Mike Wells, was elected late on Monday by the board to succeed Tidjane Thiam as the new chief executive officer of Prudential, Sky News reported.

  • S-E Asian banks edge out global rivals in regional share sales

    SOUTH-EAST Asian banks are overtaking some of the biggest international securities firms in managing regional stock sales, capitalising on corporate banking relationships and bigger balance sheets to win deals.

  • Vietnamese ship held in Philippines over alledged rice smuggling lacks import license

    The vessel belongs to a subsidiary of state-owned AgribankPhilippines seizes Vietnamese ship with suspected smuggled rice: report

  • Markets down as foreign investors sell more shares

    Both northern and southern shares ended in red after the trading session yesterday closed.

  • Department store, discount outlet sales rebound in Feb.

    Sales at South Korean department stores and discount outlets rose sharply in February after contracting for five straigh

  • Czech Prime Minister Holds Luncheon Meeting with Korean Business Leaders

    Bohuslav Sobotka, Prime Minister of the Czech Republic, who is on a state visit to Korea, held a luncheon meeting on February 25 with the nation's business leaders and urged them to make more investment in his country. In a keynote speech, the prime minister said, "We in the Czech ...

  • 40% of Economists Say Economy Is in Deflation

    Two out of five economists in Korea said in a survey the Korean economy is in a state of deflation in which prices are moving downward while growth is at standstill. In addition, 80 percent of them gave a "C" grade to the current government's handling of economic policy. According ...

  • JB Paints Sets Goals High at 1 Tril. Won Sales by 2020

    Kunsul Chemical Industrial, also known as its brand JB Paints, marked the 70th anniversary since foundation this year and set its sales target at 1 trillion won by 2020. Kunsul Chemical is stepping up aggressive marketing efforts by hiring a professional CEO from Samsung C&T.   According to company sources on February ...

  • JB Paints Sets Goals High at 1 Tril. Won Sales by 2020

    Kunsul Chemical Industrial, also known as its brand JB Paints, marked the 70th anniversary since foundation this year and set its sales target at 1 trillion won by 2020. Kunsul Chemical is stepping up aggressive marketing efforts by hiring a professional CEO from Samsung C&T.   According to company sources on February 11, its new CEO & ...

  • Top 3 Tire Makers Seek Ways to Overcome Stagnant Sales

    Korea's top three tire makers—Hankook Tire, Kumho Tire, and Nexen Tire—are going all-out to increase their market share as a way to boost their stagnant sales growth. Their profitability improved last year thanks to the stabilization in the price of raw materials. To sustain growth, however, they are under pressure ...

  • Hyundai Motor Kicks off Sales of New Genesis

    Hyundai Motor announced on March 5 that it started selling the 2015 version of Genesis. The brand-new model features an addition of safety items, including the Lane Keeping Assist System, advanced airbag, and center headrest for rear seats.   High-end tires are opted for entire trims and the convenience items, once applied ...

  • Import Car Sales Up 21% in February

    Brisk sales of import car continue in Korea. The sales of import cars in Korea rose 21 percent last month year on year. Mercedes-Benz kept its No. 1 spot for two straight months.   According to the Korea Automobile Importers and Distributors Association on March 5, the number of import cars sold ...

  • Kia Motors Sees Sales Down 8.7% in February

    Kia Motors saw its sales fall last month primarily due to a decline in the output of its domestic plant. Kia Motors announced on March 2 that it sold 221,669 units last month, down 8.7 percent from a year ago.   The February sales consisted of domestic sales of 35,405 units and ...

  • Competition is good for customer and business

    As a customer, I often wish there was another competing organisation that provides electricity.

  • Mumias’ sales unit a haven of sugar cartels

    As late as last year, the company was caught trading with customers/distributors without contracts, exposing the company to losses in case of any defaults.

  • Business News: Energy ministry shifts focus to nuclear energy

    The country is targeting 2,600mw from nuclear energy come 2033 as one way of meeting increased power demands.

  • Business News: Coca-cola pushes plan to help women, donates 500 coolers

    Coca-Cola has facilitated 500 women from Nairobi's slums to start small businesses, as part of its 5by20 global commitment to empower five million women entrepreneurs across the company's value chain by 2020.

  • Business News: Electricity agency loses Sh11m to employee fraud

    The Rural Electrification Authority (REA) lost more than Sh11 million through well executed schemes by members of staff and companies contracted to supply goods and services.

  • Business Beat: Enterpreneur takes advantage of digital migration to launch education TV station

    Since 2012 when she began her television station, she has never looked back despite the teething challenges