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S. Korean economy gets fiscal spending lift

SEOUL: South Korea's economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, though weak exports cast a cloud over the outlook for growth.

"Increased fiscal spending towards the year end has cushioned the blow to exports, as shipments of chips and electronic products are falling," a central bank official said.

China’s growth slows to 28-year low, more stimulus seen

BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.

Poor sentiment: A container is unloaded from a China Ocean Shipping Company cargo vessel at a port in Yantai, Shandong province. China’s growth last year was affected by poor consumer sentiment brought about by the ongoing US-China trade war which weighs on profits for firms ranging from Apple to big carmakers. — Reuters

Wellcall gets technology boost from Sweden’s Trelleborg

INDUSTRIAL rubber hose manufacturer Wellcall Holdings Bhd charts another milestone when it inks a joint venture with Sweden’s Trelleborg Holding AB – a world leader in engineered polymer solutions provider.

Manufacuring know-how: Wellcall managing director Huang Sha exchanging documents with Hagenberg after the signing ceremony. With them are Kai Lin (left) and executive director Leong Hon Chong.

What ails the IPO market

INITIAL public offerings (IPOs) on the local bourse are increasingly losing their shine.