South Korea’s central bank keeps rates steady as growth outlook sours

People cross a road in front of the Bank of Korea in Seoul on Aug. 27, 2020.

Jung Yeon-je | AFP | Getty Images

South Korea’s central bank kept its policy rate steady on Wednesday as it sought to keep a lid on red-hot property prices, even as it expects the economy to see the worst contraction in over two decades in
2020 due to the coronavirus pandemic.

The Bank of Korea kept the base rate steady at a historic low of 0.5%, as expected by all 34 economists in a Reuters poll. The central bank has cut rates by 75 basis points so far this year and ramped up bond-buying purchases to help the economy withstand the coronavirus fallout.

The decision to hold fire comes as Seoul’s median home prices have risen more than 50% in the past three years, despite slumping economic activity in 2020.

Asia’s fourth-largest economy

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Help South Tampa Restaurants Recover During Restaurant Week

TAMPA, FL — The South Tampa Chamber of Commerce wants to remind diners that there’s no shortage of eateries to share a meal or enjoy take-out and delivery during Taste of South Tampa Restaurant Week 2020 in South Tampa this week.

To lure diners back to South Tampa residents following the coronavirus pandemic closures, dozens of restaurants in South Tampa are offering customers discounts on food and drinks this week.

“We’re just excited to continue to support local businesses and promote South Tampa as open for business,” said Kelly Flannery, president and CEO of the South Tampa Chamber of Commerce. “This is our call to action opportunity for us to say come into South Tampa, come experience our restaurants.”

Following mandatory restaurant closures and then limits on diners, restaurant owners, along with laid-off and furloughed restaurant workers, are struggling to recover from the economic impact of the coronavirus pandemic.

Flannery

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Hilton Maintains Robust Development and Reinforces its Presence in South China

SHANGHAI, Oct. 12, 2020 /PRNewswire/ — Hilton recently completed the relocation of its Greater China South headquarters to Shenzhen, celebrating the move with a ceremony rich in traditional local elements. The relocation means that Hilton will maintain robust development in the post-pandemic era, reinforce its strategic presence in South China, and drive further expansion in the region, as it steadily advances towards its goal of 1,000 operating hotels in China by 2025.

South China has always been a key business development region for Hilton, and as of today, we have nine Hilton brands operating or in pipeline here. The region boasts abundant tourism resources and attractive destinations, along with a dynamic economy, impressive growth, and a strong demand for business travel. Furthermore, the Guangdong-Hong Kong-Macao Greater Bay Area plays a strong role in China’s economic development and opening up, and has huge potential for further

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Jason English on Start-up The Virtulab, his New Book, and Reshaping South African Entrepreneurship

At 42 years, Jason English has already had a career that, for most of us, would constitute a lifetime of achievement. The South African entrepreneur and business magnate has launched and scaled some of the most innovative businesses in South Africa, the United Kingdom, and the UAE, along with a great deal of philanthropy in South Africa.

We sat down with the young business leader to reflect on a career punctuated  by adrenaline and adventure, building the virtual reality start-up The Virtulab, and writing about how companies might create and embody a compelling company culture in his upcoming book “The Oros Effect.”

Jason English South Africa Dubai CG Tech
Jason English South Africa Dubai CG Tech

Jason English

Jason English. You are a member of YPO, a global leadership community of chief executives and influential business leaders, but you started your career as an engineer spanning many different industries. When you look back, how do you connect

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South Asian Entrepreneurs in Fashion and Beauty Interview

Being an Indian woman in fashion, I’ve understood a lot over the years about what the effects that a lack of representation in media can have on a young person growing up. It’s important to see diversity across all platforms, which is why I thought it was about time to highlight the incredible South Asian women behind these amazing brands we can all appreciate and support.

Growing up, I didn’t really see anyone like myself in magazines, billboards, or on TV — I quickly learned that this is a sentiment felt deeply among many of the women I spoke to.

“There’s, unfortunately, a lot of pressure for many of us to follow a path that is more ‘secure’ or ‘sophisticated’ from our communities and families. At the end of the day, we all need to do what is right for us.”

“Just because we are all South Asian doesn’t mean

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South Africa Restores Free Visa for Countries Including U.S.

(Bloomberg) —



a group of people with luggage at an airport: Passengers queue at the check-in desks inside the departures hall at O.R. Tambo International Airport in Johannesburg, South Africa, on Friday, Feb. 28, 2020. Health experts have voiced concerns over the possible spread of the coronavirus in African nations that may be ill-equipped to handle such a crisis.


© Bloomberg
Passengers queue at the check-in desks inside the departures hall at O.R. Tambo International Airport in Johannesburg, South Africa, on Friday, Feb. 28, 2020. Health experts have voiced concerns over the possible spread of the coronavirus in African nations that may be ill-equipped to handle such a crisis.

South Africa has reinstated free visas for travelers from countries including the U.S. after suspending them in March as part of a strict lockdown to curb the coronavirus.

Visas will again be available to visitors from France, Germany, Portugal, Spain, Italy, South Korea, Hong Kong, Iran and the U.S., the Ministry of Home Affairs said in a statement on Sunday. International travelers will need to present a negative Covid-19 test result that’s no more than 72 hours old or face a mandatory 10-day quarantine, the government said.

The exemptions, coming just days after the reopening of borders to

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