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Indonesia central bank deputy gov sees Q2 balance of payments surplus of $4.3bn JAKARTA: Indonesia posted a surplus of around $4.3 billion in its balance of payments in the second quarter, Bank Indonesia Deputy Governor Perry Warjiyo told an investor conference call on Thursday.There was a surplus of $2.1 billion in the first quarter. Earlier on Thursday, the central bank said that Indonesia had a current account deficit in April-June of $9.1 billion, which equalled 4.27 percent of gross domestic product. Details of the April-June balance of payments are due to be announced on Friday. Copyright Reuters, 2014 ...

China's central bank FX assets drop again in July: Financial News SHANGHAI: Foreign exchange assets owned by the People's Bank of China (PBOC) dropped again in July, extending a recent trend, an official at the central bank was quoted as saying on Thursday.The data indicates that the central bank has reduced, although not stopped, intervention in the currency market as the yuan began a steady rally in July.The PBOC's forex assets dropped by 200 million yuan ($32.5 million) in July, Sheng Songcheng, the head of the ...
China's big five banks to raise $21bn in two-week fundraising spree SINGAPORE/SHANGHAI: China's top five banks will raise 128 billion yuan ($20.8 billion) in a two-week bond offering spree following a year-long hiatus, as regulators signal a willingness for lenders to aggressively tap fixed-income markets.The country's bank regulator began phasing in new higher capital adequacy requirements last year, in line with global rules known as Basel III, and aggressive implementation of the third Basel accord is a key element of China's plan to fortify banks against ...
Bank of England slashes wages forecast, says key for policy LONDON: The Bank of England forecast on Wednesday that wages would grow far more slowly than previously expected and linked their rate of increase closely to borrowing costs, suggesting it was in no hurry to raise Britain's record low interest rates.Shortly after data showed average British wages suffered their first fall in more than five years in the second quarter of 2014, the Bank cut its forecast for wage growth this year in half to ...
Taiwan financial regulator takes over two loss-making insurers TAIPEI: Taiwan's financial regulator said it has taken over two loss-making local insurers, citing their "deteriorating" financial health while assuring clients that they will be protected by the government.The Financial Supervisory Commission announced the surprise takeover of Global Life Insurance and Singfor Life Insurance in a statement late Tuesday."We had no choice but to take this drastic step in order to streamline the insurance market and maintain stability," said Commission chairman William Tseng.In a statement ...
China bank loans plunge in July: central bank SHANGHAI: China's bank lending slumped in July from June, the central bank said Wednesday, as demand for loans weakened amid struggles in the property sector, key to the world's second-largest economy. New yuan loans extended by domestic banks came in at 385.2 billion yuan ($62.5 billion) last month, the People's Bank of China (PBoC) said in a statement, a drastic decline from June's 1.08 trillion yuan.The figure was just over half the median forecast of ...
Australia's Commonwealth Bank annual profit soars 13pc SYDNEY: Australia's biggest bank, the Commonwealth, on Wednesday posted a bumper 13 percent jump in full-year net profit to a record Aus$8.63 billion (US$8.0 billion) with gains across each of its core divisions.The country's top home lender and biggest company by market capitalisation said net profit for the 12 months ending June 30 was up from Aus$7.68 billion the year before, slightly above analyst expectations.Cash profit -- the bank's preferred measure which strips out one-off ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln