CPP President Congratulates H.E. Putin on His Re-election as President of RussiaS. Korea set to maintain export recovery in March: vice industry minister

Samdech Akka Moha Sena Padei Techo Hun Sen, President of the Cambodian People's Party (CPP), has extended his congratulations to H.E. Vladimir Putin on his re-election as President of the Russian Federation. 'I would like to convey my heartfelt congratulations on the occasion of your re-election as President of the Russian Federation for the fifth term,' he wrote in his congratulatory message dated Mar. 19. Cambodia highly values and deeply cherishes its traditional and friendly ties with the Russian Federation, established under the aegis of mutual respect and understanding, shared values, and common interests, underlined Samdech Techo Hun Sen, adding that for almost seven decades, the two countries have basked in the glory of mutual political trust, which has been the foundation supporting their states' conduct, resonating deeply across all spheres of cooperation. 'In my capacity as President of the Cambodian People's Party, I would like to reiterate my readiness to work closely with you and your collea gues to further promote relations between our ruling parties and state institutions for the mutual interests of our nations and peoples,' said Samdech Techo Hun Sen. Source: Agence Kampuchea Presse SEOUL, South Korea is anticipated to maintain an upward momentum in exports in March, the vice industry minister said Tuesday, on the back of a continued recovery in shipments of chips. "On the back of the rebound in key export products, including chips and IT products, the country is expected to maintain an export recovery and a trade surplus in March," First Vice Industry Minister Kang Kyung-sung said during a meeting held in the central city of Sejong. "The consumption, investment and exports, which are three pillars of the South Korean economy, will show a clear recovery trend, serving as the key growth engine," Kang said, noting the government will also utilize all available resources to maintain the growth. South Korea's exports fell more than 13 percent on-year in the first 10 days of March due mainly to fewer working days and weak demand for vehicles, but sales of semiconductors jumped more than 20 percent. The country's outbound shipments also moved up for the fifth consecutive month in February and posted a trade surplus of US$4.29 billion. South Korea has maintained a surplus since June 2023. Exports, a key economic growth engine for South Korea, rebounded in October after 13 months of an on-year decline. Outbound shipments decreased 7.4 percent on-year in 2023 amid the sluggish performance of chips coupled with global economic uncertainties. Source: Yonhap News Agency