Fri, 07 Aug 2020

SEOUL -- South Korea's current account balance posted a surplus in May after logging a deficit in the previous month on the back of an economic fallout from the COVID-19 outbreak, central bank data showed on Tuesday.

Current account surplus amounted to 2.29 billion U.S. dollars in May, after recording a deficit of 3.33 billion dollars in April, according to the Bank of Korea (BOK).

Both export and import declined in double figures amid the continued negative effect from the COVID-19 outbreak. (South Korea-Surplus)

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JAKARTA -- Indonesia's central bank Bank Indonesia recorded foreign exchange (forex) reserves at 131.7 billion U.S. dollars at the end of June, an increase compared to 130.5 billion dollars at the end of May.

"The increase in foreign exchange reserves in June, 2020 was mainly due to the issuance of the government's global sukuk (the bonds based on sharia principles)," Bank Indonesia's spokesman Onny Widjanarko said in a statement on Tuesday. (Indonesia-Forex Reserve)

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SAO PAULO -- Vehicle production in Latin America's largest economy, Brazil, plunged 50.5 percent in the first half of 2020 compared to the same period in 2019, with a slight recovery in June amid the COVID-19 pandemic, the National Association of Vehicle Manufacturers (Anfavea) said on Monday.

According to an Anfavea report, between January and June this year, 729,527 light commercial cars, trucks and buses were produced, in contrast to 1,474,305 units produced in the same period last year. (Brazil-Car-Production)

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DUBLIN -- Ireland's industrial production in May decreased by 11.6 percent year-on-year due to the impact of the COVID-19 pandemic, showed the figures released by the country's Central Statistics Office (CSO) on Monday.

In May, the modern sector of the Irish manufacturing industries witnessed a year-on-year decrease of 4.7 percent in its total output while the traditional sector saw a 27.1-percent drop over a year ago. (Ireland-Economy)

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