BSI declined to 68 in October.

By bne IntelliNews October 30, 2012
South Korea's business survey index (BSI) declined 1 point registering 68 in October this year, due to external uncertainties like Europe's debt problems and the potential United States (US) fiscal cliff. As reported by Indo-Asian News Service, the Bank of Korea (BOK) stated that it reduced the economic growth outlook to 2.4% for this year, as compared to the earlier projection of 3%. The central bank cut its policy rate by 25 basis points (bps) to 2.75% for the period.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Dismiss