US trade deficit widens in May on rising exports

WASHINGTON (AFP) - The US trade gap widened again in May after narrowing in the prior month, according to government data released on Friday (July 2), as imports increased amid surging consumer demand. The trade deficit in goods and services rose US$2.2 billion to US$71.2 billion, as the US$3.5 billion jump in imports was nearly triple the rise in exports in the month, the Commerce Department reported. As the world's largest economy has reopened and recovered faster than other regions, Americans have come out to spend on homes, travel and other goods, and the data showed the trade gap in the first five months of the year far outpaced the same period of 2020 or 2019. "The trade deficit is poised to remain wide as the fiscally powered, consumer driven recovery in the US runs ahead of the global economic rebound," Kathy Bostjancic of Oxford Economics said in an analysis of the report. The report showed big gains in imports of oil, lumber, computers and telecommunications equipment. The trade deficit with China in goods alone narrowed for the second month in a row, dropping more than US$5 billion to US$27.2 billion. But the gap with the European Union jumped on a US$2.3 billion increas...

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旭阳集团成立合资公司于印尼投资建设470万吨╱年焦化项目

HONG KONG, Jul 2, 2021 - (亚太商讯 via SEAPRWire.com) - 全球领先的焦炭、焦化产品、精细化工产品综合中国生产商及供应商及相关运营管理服务提供商中国旭阳集团有限公司 (「旭阳集团」或「集团」;股份代号:1907)宣布成立合资公司于印尼投资建设470万吨╱年焦化项目,首次把业务版图开拓至海外。旭阳集团之全资附属公司旭阳投资与天津新天钢及Stephanie Development订立合资协议,据此,三方同意共同注资成立德天焦化,在印尼苏拉威西青山工业园区内,合作投资建设470 万吨╱年焦化项目,项目投资总额约8.3亿美元。旭阳投资将认缴合资公司注册资本59.52百万美元(股权占比24%),此外亦将在德天焦化未能获得外部项目融资的情况下为德天焦化提供股东贷款最高不超过约285百万美元。合资公司计划投资建设的470万 吨╱年焦化项目位于印尼苏拉威西青山工业园区内,这个园区是「一带一路」的示范合作项目,并进驻及计划进驻数十家大型的金属冶炼企业,预期未 来焦炭需求巨大。旭阳集团的生产园区主要在中国境内,透过是次交易,集团将首次进军海外,并可持续巩固其作为独立焦炭生产及供应商的龙头地位。此外,天津新天钢为知名的钢铁企业,而Stephanie Development则为天然资源综合开发商,三方共同于印尼成立新的生产园区,将可达到互惠共赢的效果。印尼是东南亚以面积、人口及国内生产总值最大的国家,而合资公司所在地位于中苏拉威西省莫罗瓦利县(Morowali)巴哈多比镇(Bahodopi),拥有海陆空运输通道,便利煤炭从印尼本地 或从海外(例如:从澳大利亚利用海路运输)供应。焦炭产品主要销往中国境内天津新天钢,所以煤炭供应及焦炭销售渠道稳定。有关中国旭阳集团有限公司根据弗若斯特沙利文,按2020年数据计算,中国旭阳集团有限公司为全球最大的独立焦炭生产商及供应商。旭阳集团为中国的焦炭、焦化产品、精细化工产品综合生产商及供应商及相关运营管理服务提供商,并于中国及全球的多个精细化工产品领域处于领先地位。旭阳集团纵向一体化的业务模式及在煤化工产业链超过26年的经验让集团进一步深耕下游精细化工产品市场,扩展收入来源,创造更大价值。 旭阳集团自2019年3月于香港联交所主板上市,现被纳入为恒生综合指数、恒生港股通指数、恒生港股通中小型股指数、恒生港股通小型股指数、恒生港股通中国内地公司指数及恒生港股通非AH股公司指数。欲了解更多公司业务,请浏览: http://www.risun.com/hk/ Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

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China Risun Establish a Joint Venture to Invest In and Construct a Coking Project with an Annual Volume of 4.7 Million Tonnes in Indonesia

HONG KONG, Jul 2, 2021 - (ACN Newswire via SEAPRWire.com) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management service provider in China, announced the establishment of a joint venture to invest in and construct a coking project with an annual volume of 4.7 million tonnes in Indonesia. The Group is expanding its business to overseas for the first time.Risun Investments, a wholly-owned subsidiary of China Risun, entered into the Joint VentureAgreement with Tianjin Xintiangang and Stephanie Development, pursuant to which the three parties have agreed to jointly establish, by way of capital injection, De Tian Coking, which will invest in the construction of a coking project (with a capacity of 4.7 million tonnes/year) in Morowali Industrial Park in Sulawesi, Indonesia. The project will have a total investment of approximately US$830 million. Risun Investments will subscribe for US$59.52 million, representing 24% of the registered capital of the Joint Venture. In addition, Risun Investments may also provide shareholder loan in an amo...

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Cross Your City, ADO Debuts A20F Ebike with Fat Tire

FRANKFURT & LONDON, Jul 2, 2021 - (ACN Newswire via SEAPRWire.com) - Innovative startup ADO officially debuts the A20F off-road commuter Ebike across global on July 1st. The A20F is positioned as an urban off-road Ebike, able to conquer all urban terrains.With years of efforts and accumulation in the electric bicycle industry, ADO has reached cooperation with 30 local distributing partners in the United Kingdom, Germany, Italy, Spain, Russia, Ukraine, Ireland, Lithuania, Portugal, Finland, Slovenia, Vietnam, etc., radiating its business to the world. ADO will maintain its momentum to focus on deployment and continue to tackle the eight regional markets of the United States, Canada, the United Kingdom, Germany, Italy, Spain and France.What users get from A20F EbikeADO's electric bicycle A20F, positioned as urban off-road, can conquer all urban terrains:- 500W (CE version: 250W) and 380r/min motor, rated as off-road power drive, provides excellent obstacle crossing ability, can easily conquer all urban terrains - ADO G-GIVER Control System- SHIMANO 7 speed Transmission System offers an easy cycling experience- Full body shock absorption system provides a smooth riding experience-...

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MHI Thermal Systems Launches New Models of Central Control Consoles for Building Air Conditioners in July

TOKYO, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, will release two new models of central control consoles that allow air conditioning units and Q-ton* commercial-use CO2 heat pump water heaters to be controlled through a single console. The SC-SL4-AE2 (multilingual, without charge calculation function) and SC-SL4-BE2 (multilingual, with charge calculation function) controllers will be launched in the European market from July through MHI Thermal Systems' European subsidiary Mitsubishi Heavy Industries Air-conditioning Europe, Ltd. (MHIAE), and will be subsequently launched in other markets. The capability for centralized control of multiple units and energy-savings management in buildings overall will further expand sales channels for MHI's air conditioners and commercial-use water heaters in overseas markets.Touchscreen-type central control consoleThe new models add functionality to the previous SC-SL4 series allowing connection to the Q-ton air-to-water heat pump, giving building managers integrated, centralized control over both air conditioning and water heater units. A s...

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New Ulaanbaatar International Airport Set to Open in Mongolia

TOKYO, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC), Narita International Airport Corporation (NAA), Japan Airport Terminal Co., Ltd. (JAT), and JALUX Inc. (JALUX) are pleased to announce that the New Ulaanbaatar International Airport (Official name: Chinggis Khaan International Airport) will be officially opened to the public on July 4, 2021. The new airport will be operated by the partners? joint venture with the Mongolian government that was established in 2019. Under the terms of its concession agreement with the government, New Ulaanbaatar International Airport LLC (NUBIA) will be in charge of airport operations for the next 15 years. (Project Overview) Location: Tuv Province, Mongolia (about 50 km southwest of Ulaanbaatar City The new airport was originally scheduled to commence operations in 2020, but the opening was delayed because of the COVID-19 pandemic. All assets have now been safely transferred from the old airport (Buyant-Ukhaa International Airport), thereby readying the new airport for flights and passenger traffic. Although the pandemic has significantly reduced air travel in Mongolia, demand for flights is expected to increase over...

时代天使:港股市场稀缺目标 身处黄金赛道未来可期

HONG KONG, Jul 2, 2021 - (亚太商讯 via SEAPRWire.com) - 2021年6月16日,中国隐形矫治解决方案的龙头企业——时代天使(6699.HK)在港交所正式挂牌上市。上市首日,时代天使受到了市场资金的热捧,收盘大幅上涨131.79%,每手盈利45600港元,创下今年新股记录,成为了资本市场的新宠。隐形矫治领域先行者 产品组合丰富业绩靓丽作为国内隐形矫治领域先行者,时代天使专注于为牙科医生提供自研的数字化正畸解决方案。公司以数字化辅助案例评估支持及矫治方案设计服务、基于专门的矫治方案生产定制且可拆装的隐形矫治器及云服务平台iOrtho为驱动,不断引领着国内隐形正畸市场的发展。目前,时代天使已远远甩下其他竞争对手,成为唯一与Align Technology分庭抗衡的企业。公司深耕隐形矫治行业多年,已经针对不同客户群开发了多元化的产品组合。目前公司上市四种具有多种特性的隐形矫治器,包括时代天使标准版、时代天使冠军版、时代天使儿童版以及COMFOS,四种隐形矫治器定位不同年龄段,能够满足不同用户需求。得益于丰富的产品组合与专业的服务,近年来,时代天使的市场份额不断扩大。数据显示,公司的达成案例由2018年的约77,700例增至2019年的约120,100例,并进一步增至2020年的约137,600例,根据灼识咨询报告,按达成案例计量,公司2020年的市场份额已达41.0%。与此同时,时代天使的业绩增长速度也非常可观。财务数据显示,2018年-2020年,公司的营收分别为人民币4.88亿元、6.46亿元及8.17亿元,复合增长率为29.3%;经调整净利分别为0.92亿元、1.30亿元及2.27亿元,复合增长率达57.06%;2018年-2020年,公司的毛利率分别为63.8%、64.6%及70.4%,净利率更是从11.9%大幅提升至18.5%!后期,随着疫情影响的降低,公司的盈利增速有望大幅提升,迭创新高。优质的服务与强大的研发实力 港股中的稀缺目标优质的医学及技术服务,是时代天使隐形矫治系统的核心。目前,公司已开发了A-Treat,一个利用3D计算器图形学、数据挖掘、机器学习及人工神经网络等多种尖端技术积累的数字化矫治方案设计平台。此外,公司推出了时代天使智美系统,可帮助牙科医生制定更优且更个性化的矫治方案。不仅如此,时代天使还具备着强大的研发能力,公司已开发出多种可靠的技术及数据平台,横跨临床口腔医学、生物力学、材料科学、计算器科学及智能制造技术等五大主要领域。公司的技术及数据平台具有极高的专业度,借助公司的技术及数据平台,公司能够持续开发出一系列创新矫治解决方案及设备,足见时代天使的研发实力与创新能力。此外,值得一提的是,时代天使背后的大股东实力十分强大,公司的大股东松柏投资是中国口腔领域最大的投资者,控股和参投的企业遍...

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Mitsubishi Corporation: Mobility & Regional Contents Pilot Project Launched in Smart City Aizuwakamatsu

TOKYO, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC), Shobunsha Holdings, Inc. and Shobunsha subsidiary MAPPLE, Inc. (MAPPLE) are pleased to announce the signing of a memorandum of understanding (MoU) between MC and MAPPLE regarding joint studies on new tourism services. The services will combine each company's unique expertise with advances made by HERE Technologies (HERE)(1), a leading provider of location-based information technologies. The partners recently launched a pilot project to create localized mobility demand in the Aizukawamatsu "smart city' in Fukushima Prefecture. The project is being undertaken in collaboration with the Aizuwakamatsu Tourism Bureau, a general incorporated foundation.Screenshots of the Castle-Town Tour App Aims Under the MoUAlthough the tourism industry has been hit hard by the COVID-19 pandemic, it is expected to enjoy robust growth over the medium to long term and be one of the main drivers of regional revitalization in Japan. Through these studies, MC hopes to develop real-world applications for location-information services that take advantage of HERE's technologies, and to grow its know-how through cross-industry b...

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Northgate Public Services becomes NEC Software Solutions

Tokyo and London, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) today announced that Northgate Public Services (NPS) has a new name and will now be known as NEC Software Solutions UK Limited. Since being acquired by the NEC Group in 2018, NEC Software Solutions' customers have benefited from the parent company's expertise in cutting edge developments such as the Internet of Things (IoT), artificial intelligence (AI) and facial recognition. Furthermore, almost -100 million has been invested in developing NEC Software Solutions' products and services to help its customers meet the challenges they face in the years ahead. Under the global NEC brand, NEC Software Solutions will continue to reinforce its standing as innovators in the development of technology for health, housing, police and local government across the UK and internationally. Tina Whitley, CEO of NEC Software Solutions, said: "With our new name, we have become closer to an organisation that has a long history of bringing pioneering technology from concept to reality. The NEC Group has already invested more than EUR50 million in our product development and EUR47 million on acquisitions,...

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Glasstech Asia x PERAFI Webinar Series #1 concludes with much success attracting over 150 attendees online

Singapore, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Glasstech Asia aims to be the leading community that facilitates communication, learning, networking amongst industry professionals to increase business collaborations and address the latest developments in the industry, while catering to industry professionals from different sectors. As part of this effort, Glasstech Asia is pleased to collaborate with PERAFI (Indonesian Facade Association) to introduce a new series of webinars, Glasstech Asia x PERAFI, that focuses on facades and its related building materials. Bringing together international industry experts, the webinars seek to improve the excellence of building facade industry through active discussions on key topics and content sharing from different industry players, from property developers to architects. The webinars also aim to address the latest developments in the industry, allowing participants to gain valuable insights and meet a strong network of connections within the BAU network.Fibra Reelianto, PERAFI Chairman 2021, commented: "We are honoured to have had the opportunity to gather the different stakeholders of facade industry, especially in Indonesia. We...

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SCCG Management and Booming Games Bring Uniquely Themed, Next Level Games to North American iGaming Industry

LAS VEGAS, NV, Jul 2, 2021 - (ACN Newswire via SEAPRWire.com) - Stephen Crystal, Founder of SCCG Management, announced today a partnership with Booming Games to bring its next-level slot game content for the US iGaming industry.Stephen Crystal said of the event, "Identifying truly next-level content in the ocean of available games is a challenge. We believe that Booming Games is one of those rare gems. Booming Games in-house designs and its complete back-office solution provide operators with feature-rich game content and bonus games, and optimized for mobile deployment as HTML5 content."Privately-held Malta-based Booming Games is licensed and regulated in Great Britain and Malta. The company supplies Type 1 gaming services under a B2B - Critical Gaming Supply License issued in 2018. Booming Games delivers high-end, next-level gaming to the slots market. Offering an established portfolio that encompasses uniquely themed games, innovative features, and volatilities to satisfy every spectrum of the player market. We utilize the knowledge of seasoned experts, who apply their years of expertise in the industry to craft games to the highest of standards, harnessing proven formulas for s...

Cheating charge withdrawn for law graduate accused of duping legal institute

SINGAPORE - A law graduate who was earlier charged with engaging in a conspiracy to dupe the Singapore Institute of Legal Education (Sile) had his cheating charge withdrawn in a district court on Friday (July 2). Mr Manish Kalra, who used to be known as Mr Shree Manish Kalra Jeetender Kumar Kalra, now 28, was given a discharge amounting to an acquittal, which means the Singaporean cannot be charged again with the same offence. The court heard that before his charge was withdrawn, he had been granted permission to travel to Turkey for work and was supposed to return to Singapore by May 20. Eight days later, he applied through his legal team for an extension to remain overseas. Mr Kalra finally returned to Singapore on June 6 and faced District Judge Terence Tay in court on Wednesday. He then told the judge that Covid-19 polymerase chain reaction (PCR) tests were "not widely available" in Turkey. Mr Kalra added that he travelled to Belgrade - the capital city of Serbia - in early June to take one before returning to Singapore. Singapore's Immigration and Checkpoints Authority states on its website: "Depending on the travellers' travel history and Safe Travel Lane used to visit Singap...

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Hitachi ABB Power Grids is evolving to become Hitachi Energy and broadens commitment to a sustainable energy future

ZURICH, SWITZERLAND, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021. The decision to change name has board and shareholder consent and coincides with the business' first-year anniversary since it started operations on 1 July, 2020. Hitachi Ltd. has an 80.1 percent stake in the joint venture and ABB Ltd. holds the balance.Headquartered in Zurich, Switzerland, the global technology and market leader brings a rich heritage of pioneering breakthroughs, which have helped to increase access to safe, secure, and reliable electricity for more than one century. These range from pioneering innovations such as long distance commercial HVDC(1) technology, that enables countries to efficiently transmit large amounts of power with minimum losses over thousands of kilometers while reducing carbon footprint, to providing microgrids and energy storage solutions that combined with state-of-the-art intelligent control systems, ensure reliable distributed power availability. The business has played a leading role enabling a stronger, smarter and greener global energy system.Today, combating cl...

Private-hire drivers, Covid-19 swabbers to be better protected under harassment law

SINGAPORE - Private-hire car drivers, temperature screeners and those who perform Covid-19 swab tests will soon be listed as public service workers and better protected under harassment laws. From July 7, under the Protection from Harassment Act, those who abuse, harass or dox these workers while they perform their duty will face double the maximum jail term compared with when the victim is not a public service worker. Doxxing is publishing identifiable information about a person to harass, cause violence or fear of violence to the person. Announcing the move in a statement on Friday (July 2), the Ministry of Home Affairs said it had reviewed the legislation for the first time since its introduction in 2014 and "identified more workers who meet the criteria for a public service worker and should receive enhanced protection against harassment". The new public service workers include many who provide Covid-19 services such as those who give vaccine jabs, private ambulance operators transporting patients and suspected cases, and private healthcare workers directly involved in Covid-19 operations. Taxi drivers are already listed as public service workers, covered under the Act. Under t...

Citi Singapore raises over $150,000 for ChildAid despite Covid-19 restrictions on physical events

SINGAPORE - Despite Covid-19 restrictions on physical events, employees from Citi Singapore have raised more than $150,000 for the youth charity concert ChildAid. About 8,500 employees of the bank took part in the company fund-raiser Citi Supports ChildAid 2021, garnering donations through virtual events or physical activities held in line with safe management measures. These activities included health and wellness virtual workshops, online cooking classes, performances on social media platform TikTok and a 419km cycling tour, said the bank in a statement on Friday (July 2). ChildAid, an annual youth charity concert organised by The Straits Times and The Business Times since 2005, raises funds for needy children from The Straits Times School Pocket Money Fund (STSPMF) and The Business Times Budding Artists Fund (BTBAF). Mr Amol Gupte, Citi's Asean head and country officer for Singapore, noted the bank has been supporting STSPMF and BTBAF since 2002. "We recognise the challenges brought upon by the ongoing pandemic and are committed to supporting our clients, staff and groups within our community who are most affected. "It's precisely for that reason that we also returned the Job Su...

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Govt offering Sinovac Covid-19 vaccine to some of those allergic to mRNA jabs as part of study

SINGAPORE - Thousands of people here who have had allergic reactions to the Covid-19 vaccines used in Singapore's national inoculation programme will be offered Sinovac jabs by the Government, as part of a study to understand the immunity offered by different vaccines. About 3,600 people who were allergic to the first dose of the mRNA vaccines have been contacted, and more than 1,400 have indicated interest in the programme, The Straits Times has learnt. A spokesman for the Ministry of Health (MOH) said on Thursday (July 1): "To better understand the immunity conferred by the use of different vaccines, we will work with the National Centre for Infectious Diseases to follow up with a sub-group of these persons who have received the mRNA vaccine, followed by the Sinovac-CoronaVac vaccine, under a research study on Covid-19 vaccine immune response." MOH has been in touch with the people who have indicated interest in this programme to keep them updated with details on how they can receive the Sinovac vaccine, the spokesman added. The Sinovac vaccine is not part of Singapore's national vaccination regime, which currently uses the Pfizer-BioNTech/Comirnaty and Moderna vaccines. Both the...

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Fujitsu Reports Rapid Progress in First 100 Days of UN Aligned SDG Communities Initiative

TOKYO, Jul 2, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu today reports rapid progress with its new SDG Communities (1) global initiative to support the United Nations' Sustainable Development Goals (SDGs), which consist of 17 global goals designed to achieve a better and more sustainable future for all.More than 30,000 Fujitsu employees worldwide have become eligible to participate following the start of the SDG Communities program in February. To get involved, employees choose one or more SDGs that they find personally motivating and then join a virtual global SDG Community to collaborate with colleagues across the world to support a common cause.After its first 100 days, the Fujitsu SDG Communities initiative is gaining strong momentum.- Since launch, employee participation has grown by more than 90%, and over 2,000 employees are now actively involved. The initiative has also gained recognition within Fujitsu for its empathy in terms of driving internal cultural change.- The UN SDGs within Fujitsu's program with the highest number of sign-ups, in order of popularity, are Good Health and Well-Being (SDG 3), Quality Education (SDG 4), Zero Hunger (SDG 2), and No Poverty (SDG...

Ex-property agent caught on video allegedly making racist remarks on MRT train offered $5k bail

SINGAPORE - A woman who had been caught on video making purportedly racist remarks has been offered bail of $5,000 after she was remanded at the Institute of Mental Health (IMH) for psychiatric observation. Former property agent Tan Beow Hiong, 57, is now represented by lawyer Sng Kheng Huat who appeared in a district court on Friday (July 2). He told the court he understood her IMH report was ready. The lawyer did not disclose its details. Mr Sng also said that he will make representations to see if the prosecution is willing to consider a mandatory treatment order (MTO) for his client. Offenders given an MTO will have to undergo treatment to address their mental issues in lieu of jail time. Tan was earlier handed two charges over alleged acts "prejudicial to the maintenance of harmony between different racial groups". She is also accused of one count of being a public nuisance. In April, Tan is said to have maintained a channel on YouTube containing multiple videos alleging racism or harassment by people of other races. The Singaporean was in an MRT train on April 21 when she allegedly singled out other passengers and made derogatory remarks about them. Tan is accused of being a ...

GIC-backed clinical trial firm WCG reveals revenue jump in IPO filing

BENGALURU (REUTERS) - WCG Clinical, a clinical trial solutions company backed by Singapore's sovereign wealth fund GIC, filed for an initial public offering (IPO) in the United States on Thursday and revealed a jump in its quarterly revenue. The company, which also counts buyout firm Leonard Green & Partners LP among its investors, plans to list on the Nasdaq. WCG was valued at US$3.1 billion when Leonard Green took a stake in the company in 2019, Reuters reported at the time. Private equity firm Arsenal Capital Partners is also an investor in the firm which helps clients reduce the time and cost of enrolling patients in clinical trials. The company's revenue jumped by a third to US$137.6 million in the three months ended March 31, its filing showed. Net loss came in at US$20.6 million from US$30.1 million last year. Princeton, New Jersey-based WCG is looking to issue into an IPO market which has been on a record run, helped by the US. Federal Reserve's easy money policy and unprecedented government stimulus. Goldman Sachs, Morgan Stanley and BofA Securities are among the underwriters for WCG's IPO.

South Korea’s June inflation near 9-year peak, rate hike prospects grow

SEOUL (REUTERS) - South Korea's consumer inflation last month remained below a nine-year peak and stood above 2 per cent for a third straight month, adding pressure on policymakers to raise interest rates sooner rather than later. Consumer prices rose 2.4 per cent year-on-year last month, government data showed on Friday, just notches below a 2.6 per cent increase in May when it logged the fastest growth since April 2012. It slightly missed a median estimate for a 2.5 per cent increase tipped in a Reuters survey of 17 economists. The breakdown of data showed the cost of agricultural, livestock and fisheries products surged 10.4 per cent, with petroleum rising 19.9 per cent. Many economists now see a rate hike coming as early as the third quarter, as house prices soar and inflation remains above 2 per cent, even as last year's low base affects roll-off. South Korea is seen to be the first Asian economy to pull back on pandemic-era monetary stimulus and start normalising easy policy. Bank of Korea (BOK) governor Lee Ju-yeol said last week the bank will start normalising easy monetary policy by the end of the year. "We now expect the BOK to start to raise rates in the fourth quarter, ...