Thu, 05 Oct 2023

MANILA -- Philippine President Ferdinand Romualdez Marcos swore in career diplomat Luis Enrique Manalo as the country's new foreign secretary on Friday.

Before his appointment, Manalo, 69, was the permanent Philippine representative to the United Nations. He previously served as undersecretary for policy at the Department of Foreign Affairs (DFA) and also acted as acting foreign secretary during the Duterte administration. (Philippines-New Foreign Secretary)

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WELLINGTON -- New Zealand and the European Union have concluded negotiations on a major free trade agreement (FTA), which covers market access into 27 European countries and removes duties on the majority of products New Zealand exports.

"Our EU-NZ FTA is expected to increase the value of New Zealand's exports to the EU by up to 1.8 billion NZ dollars (1.12 billion U.S. dollars) per year from 2035," New Zealand Prime Minister Jacinda Ardern said on Friday after the FTA signing in Brussels. (New Zealand-EU-FTA)

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HANOI -- More than 76,200 enterprises were estimated to be formed in Vietnam in the first six months of this year, posting an increase of 13.6 percent year on year, according to the country's General Statistics Office on Friday.

The registered capital of the new enterprises declined 6.4 percent on year to over 882.1 trillion Vietnamese dongs (around 38 billion U.S. dollars), said the office. (Vietnam-Enterprises)

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SEOUL -- South Korea logged trade deficit for the third consecutive month in June on faster growth in import than export, government data showed Friday.

Trade deficit amounted to 2.47 billion U.S. dollars in June, staying in the red for three months since April, according to the Ministry of Trade, Industry and Energy.

It marked the first time in 14 years since 2008 that the country registered trade deficit for three months in a row. (S. Korea-Trade Deficit)

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