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Airports of Thailand annual net profit falls 25pc BANGKOK: Airports of Thailand Pcl said on Friday that net profit for the fiscal year ended September dropped 25 percent due to a decrease in foreign exchange gains and asset impairment losses. The country's largest airport operator posted a net profit of 12.2 billion baht ($371.95 million) compared with 16.3 billion baht a year earlier.Copyright Reuters, 2014

Novartis says heart-failure drug wins faster review in Europe ZURICH: Novartis' new heart failure drug was granted a speedier evaluation by the European health regulator, shortening the review by 60 days, the Swiss drugmaker said on Friday.Basel-based Novartis in August reported data for LCZ696, which found the drug cut the risk of both cardiovascular death and admissions to hospital by a fifth.Novartis said it expected to ask EU regulators early next year for approval to sell the drug, which it expected to be a ...

Finnish retailer Kesko lines up 670mn euro real estate deal HELSINKI: Retailer Kesko is looking to sell Finnish and Swedish store sites worth up to 670 million euros ($835 million) to a new joint venture early next year, it said on Friday, having shelved a previous deal with a real estate trust.The deal will generate a significant one-off profit, Finland's second-biggest food retailer said, and is expected to lead to extra dividends.Kesko, which would continue operations at the sites under leases, had previously considered a ...

Spain's Telefonica says seeks global alliance with BT MADRID: The chairman of Spain's Telefonica has said the company is seeking a "global alliance" with Britain's BT with cash and shares in exchange for Telefonica unit O2, a spokesman for Telefonica confirmed on Friday.The spokesman was confirming comments made by Cesar Alierta in London, reported by newspaper Expansion, in which he spoke of global synergies between the two groups.Copyright Reuters, 2014

Sri Lanka's Ceypetco offers rare naphtha cargo SINGAPORE: Sri Lanka's Ceylon Petroleum Corp (Ceypetco) has offered a rare naphtha cargo for December as heavy rains curb the use of the fuel for power generation purposes, industry sources said on Friday. The state-owned company has offered 100,000 barrels of naphtha for loading from Dolphin Pier, Colombo over Dec. 20 to 21, a tender document showed. Bids are to be submitted on Dec. 4 and will expire in 72 hours."Due to heavy rains, hydropower ...

Argentina charges HSBC with aiding tax evasion BUENOS AIRES: Argentina's tax agency has charged British bank HSBC with helping more than 4,000 Argentines to commit tax evasion by stashing money in secret Swiss accounts, officials said Thursday. The Argentine tax authority (AFIP) said it had searched HSBC offices in Buenos Aires before moving ahead with the charges."We have filed a charge for tax evasion and illicit association relating to bank accounts in Switzerland," said AFIP director Ricardo Echegaray.He said three agencies associated ...

Australian energy firms hammered by OPEC decision SYDNEY: Australian energy firms were hit hard Friday by the OPEC cartel's decision against cutting production, with stocks tumbling across the board as oil prices hit four-year lows.Oil and gas stocks were among the biggest losers on Australia benchmark S&P/ASX200 index as the energy sector shed 6.76 percent by early afternoon.Santos, one of the country's largest oil and gas producers, saw its shares sink more than 10 percent, while stocks in the world's biggest miner ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln