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Bonds little changed but pressured by new offerings TOKYO: US Treasuries were little changed in Asia on Thursday, but the benchmark yield stood near its April peak as the market is pressured by fresh bond offerings this week and a blow from surprisingly strong US jobs data last week.The yield on the 10-year bonds stood at 1.810 percent , near a yield resistance of its April high at 1.814 percent.The yield has risen substantially from a 4 1/2-month low of 1.6140 percent hit earlier this month, after strong payrolls data eased worries about a slowdown in the US economy.Also weighing on the market is a total of $72 billion in debt sales this week, including Thursday's offer of $16 billion 30-year note auction.The sale of $24 billion 10-year notes on Wednesday got a tepid reception, as rally in Wall Street shares to new record highs undermined the attraction of bonds.But some market players say bonds could rebound soon, ...


Standard Chartered Q1 profits down on moderate growth HONG KONG: Standard Chartered on Wednesday said its profit for the first-quarter was "slightly down" on year due to increased expenses and moderate growth.The London-based, Asia-focused lender said weak performances in Korea and Singapore offset double-digit income growth in Hong Kong and Africa, while group expenses grew by a "low single digit percentage".Consumer banking operating profit was down by a "mid single digit percentage" in the first quarter, with a double digit increase in loan ...

Ghana central bank says to supply more dollars to interbank market ACCRA: Ghana's central bank governor governor said on Wednesday that he would step up the supply of dollars to the interbank market to support the local cedi currency.Henry Wampah said the decline of the local unit was seasonal and linked to firms needing dollars to make dividend payments. The bank will "vigourously" apply restrictions on foreign exchange transactions and sanction banks flouting the rules, he added.Copyright Reuters, 2013

ECB open-minded on SME lending but wants others to help BRUSSELS: The European Central Bank has an open mind on what it could do to spur lending to small- and mid-sized businesses, though other EU institutions might be better placed to help, a top ECB policymaker said on Wednesday.The ECB is concerned that banks, worried about taking onrisk, are not lending to smaller businesses in the euro zone periphery and that this is starving such companies of funds they need to invest and help their ...

Chevron criticises imprisonment of Indonesian contractor JAKARTA: Oil firm Chevron on Wednesday criticised the sentencing of one of its Indonesian subcontractors to five years in jail for breaching environmental laws, citing irregularities in the investigation and trial. A lawyer representing the subcontractor said he would file an appeal."The panel of judges has not made a fair and objective review of the facts of the bioremediation project which have been presented during the trial," Chevron spokesman Kurt Glaubitz said in a statement ...

SMBC to buy up to 40pc of Indonesian bank BTPN TOKYO: Sumitomo Mitsui Banking Corp (SMBC) said it agreed to acquire as much as 40 percent of Indonesian lender BTPN, giving the Japanese bank a foothold in the fast-growing Southeast Asian economy.SMBC's pursuit of Indonesia's seventh-biggest bank underscores a sustained push abroad by Japanese companies to beat sluggish growth in their home market.SMBC will first buy 24.26 percent of BTPN for 6,500 rupiah per share, a 14 percent premium to BTPN's last traded price - ...

India's top generic drugmakers look to US as patents end MUMBAI: India's top drugmakers, among the world's biggest producers of cheap generic medicines, are looking beyond their own shores to generate revenue, seeking to profit from big-selling drugs going off-patent this year in the lucrative US market.Global demand for generic drugs from Indian companies such as Ranbaxy Laboratories, Dr. Reddy's Laboratories , Cipla and Sun Pharmaceutical Industries is booming as developed nations battle rising healthcare costs.Ranbaxy, India's largest drugmaker by sales, reported a quarterly net ...


 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln