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YeinJee's Asian blog

Asian Culture, Lifestyle and Entertainment

Economies and finances ( tag archives )

Economies, trading, finances and currencies. Economic development and finance news in Asian countries.

Japan has highest industrial robot density

March 20, 2009 by Yein Jee

There are one million industrial robots around the world (as of Dec 2008), and Japan has the highest density with 295 robots for every 10,000 manufacturing workers.

Top 10 countries by robot density

Singapore and Korea are second and third respectively on the chart, but significantly behind Japan in numbers. Illustration by Mike Vella, more on IEEE.

Filed Under: General Tagged With: Businesses and companies, Economies and finances, Engineering, Federal Republic of Germany, Italian Republic, Japan blog, Kingdom of Belgium, Kingdom of Spain, Kingdom of Sweden, Republic of Finland, Republic of Singapore, Robotics, South Korea, Top List, United States

Credit crisis explained

February 23, 2009 by Yein Jee

The short and simple story (two-part videos) of the credit crisis, by Jonathan Jarvis…

[Read more…] about Credit crisis explained

Filed Under: General Tagged With: Asian videos, Economies and finances, United States

Taiwanese get free vouchers from government

February 2, 2009 by Yein Jee

Taiwanese government is spending NT$83 billion (USD2.47 billion) on their shopping voucher program to boost domestic consumption and stimulate the economy.

Taiwanese shopping vouchers
The shopping vouchers (Image by James Tung)

Taiwan’s citizens and eligible residents (foreign spouses etc.) are receiving shopping vouchers worth NT$3,600 (USD107) from the government, regardless of age and financial capability (wealthy people are encouraged to donate the vouchers though).

The distribution has started on January 18th, just soon enough for Chinese New Year spending spree. The vouchers are valid until September 2009 and not exchangeable to cash… so the people are ‘forced’ to spend on it.

USD107 might not seem much, but for a small family of four… it added up to USD428, which should be quite useful during the current economic situation.

Filed Under: General Tagged With: Asian Traditions, Economies and finances, Taiwan blog, Taiwanese Culture and Traditions

100 trillion Zimbabwean dollar note

January 22, 2009 by Yein Jee

The Reserve Bank of Zimbabwe is issuing a 100 trillion Zimbabwe dollar banknote (~USD33) as the country’s hyperinflation continues to worsen…

Picture of 100 trillion Zimbabwe dollar note
The 100,000,000,000,000 dollar note (Image via Chinanews (Cn))

Filed Under: General Tagged With: Economies and finances, Republic of Zimbabwe, Unusual and weird

Singapore tops Asia in competitiveness report

October 10, 2008 by Yein Jee

Singapore tops the Asian ranking in The Global Competitiveness Report 2008-2009 conducted by the World Economic Forum (and partners) using both publicly available data and the Executive Opinion Survey.

The annual report assesses the ability of countries to provide high levels of prosperity to their citizens, which in turn depends on how productively a country uses available resources. Thus, the index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.

The top 10 overall ranking are USA, Switzerland, Denmark, Sweden, Singapore, Finland, Germany, Japan and Canada.

The top 10 Asian economic entities are Singapore, Japan, Hong Kong, South Korea, Taiwan, Malaysia, Qatar, Saudi Arabia, China and UAE.

Filed Under: General Tagged With: Businesses and companies, Canada, Economies and finances, Federal Republic of Germany, Hong Kong, Japan blog, Kingdom of Denmark, Kingdom of Sweden, Malaysia blog, Republic of Finland, Republic of Singapore, Saudi Arabia, South Korea, State of Qatar, Swiss Confederation, Taiwan blog, United Arab Emirates, United States

Moscow is world’s most expensive city (2008)

July 26, 2008 by Yein Jee

Moscow is ranked the world’s most expensive city for expatriates for the third consecutive year, according to the latest Cost of Living Survey by Mercer.

Mercer’s report is arguably the world’s most comprehensive cost of living survey and is used to help multinational companies and governments to determine compensation allowances for their expatriate employees.

The survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.

Top 10 most expensive cities – Moscow (Russia), Tokyo (Japan), London (UK), Oslo (Norway), Seoul (South Korea), Hong Kong (China), Copenhagen (Denmark), Geneva (Switzerland), Zurich (Switzerland) and Milan (Italy).

Surprisingly the US has only one city in the top 50 (New York at 22nd) and Canada has none… I’ve always thought that it’s expensive to live in that region.

Filed Under: General Tagged With: Copenhagen City, Economies and finances, Geneva City, Hong Kong, London City, Mercer Consulting, Milan City, Moscow City, Oslo City, Seoul City, Tokyo Metropolis, Zurich City

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Yein Jee is a Malaysian traveller, food lover & self proclaimed entrepreneur. This blog is about Asian culture, lifestyle, travel, food, fun and entertainment ... Read More...

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