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Tokyo gadget show offers glimpse of tomorrow CHIBA: A car that drives itself and glasses that translate a menu as you read it are some of the glimpses of tomorrow on offer at a gadget fair near Tokyo that began on Tuesday.The Cutting-Edge IT & Electronics Comprehensive Exhibition (CEATEC) threw open its doors to thousands of visitors eager to sample gizmos they will be using in future.The highlight of the tech fair for many is Japanese carmaker Nissan, which showcased self-driving cars that allow the driver to kick back and take their eyes off the road.A series of sensors constantly monitors the road and objects nearby, turning the wheel automatically to avoid obstacles. "Most accidents are caused by human error," said Nissan in a release.Copyright AFP (Agence France-Presse), 2013

Leasing firm orders ATR planes for Indonesia's Garuda JAKARTA: A Danish leasing company has ordered 35 ATR turboprop planes to lease to Indonesian flag carrier Garuda, in deal worth more than $840 million, the European plane maker said on Tuesday.The move is the latest expansion in Indonesia's booming aviation sector, as the country's middle class grows rapidly and more people are able to afford air transport to get around the sprawling archipelago.The deal agreed between ATR, Garuda and leasing company Nordic Aviation Capital ...

Australia's central bank holds rates at 2.50pc SYDNEY: Australia's central bank held interest rates at their record 2.50 percent low Tuesday, adopting a wait-and-see approach as the dollar adjusts and earlier cuts boost confidence.The Reserve Bank of Australia kept rates on pause for a second consecutive month, as expected, after a series of cuts designed to stimulate the economy as its decade-long Asia mining splurge cools.Governor Glenn Stevens said the bank's board judged "the setting of monetary policy remained appropriate" at its ...

India's central bank says banks borrowed 915.95bn rupees via MSF on Sept 30 MUMBAI: Indian banks borrowed 915.95 billion rupees from the Reserve Bank of India's marginal standing facility (MSF) window on Sept. 30, higher than the 826.58 billion rupees on Sept. 27.The RBI lowered the MSF rate by 75 basis points (bps) on Sept. 20 to 9.50 percent. It had raised the rate by 200 bps to 10.25 percent in mid-July. Banks usually tap the MSF rate during acute cash tightness.Copyright Reuters, 2013

China manufacturing activity hits 17-month high BEIJING: Chinese manufacturing activity strengthened in September to its highest level in 17 months, the government said Tuesday, providing further evidence of a rebound in the world's second-biggest economy. The official purchasing managers' index (PMI) crept up to 51.1 last month from 51.0 in August, the National Bureau of Statistics (NBS) said on its website. The index -- which measures manufacturing activity in Chinese factories and workshops -- is a widely observed monitor of the ...

Nigeria signs $1.3 bn power plant deal with China ABUJA: Nigeria has announced two major initiatives aimed at improving its woeful electricity supply, entering a $1.3 billion (960 million euros) power plant deal with China and on Monday handing over state power assets to private investors.The privatisation of most of state electricity firm PHCN has long been in the works in Africa's most populous nation, where blackouts occur multiple times daily despite the country's status as the continent's largest oil producer.Those taking over assets ...

GSK says sells thrombosis brands, French site LONDON: British drugs firm GlaxoSmithKline (GSK) said Monday that it has sold two thrombosis brands and a French plant to South African peer Aspen for £700 million ($1.13 billion, 834 million euros)."GSK today announced it has reached agreement to sell its thrombosis brands, Arixtra and Fraxiparine, and the Notre-Dame de Bondeville manufacturing site to The Aspen Group," said a statement."The agreement is a further example of GSK's commitment to increase focus on products with the ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln