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Thai Airways postpones Rome flight suspension until February BANGKOK: Thai Airways International PCL has postponed a planned suspension of flights to Rome until Feb 1, 2016 from an earlier announced date of Oct 26 to meet demand for travel to the Italian capital. The flag carrier's board approved the postponement on Monday and it will operate four flights per week to Rome with Boeing 747-400 aircraft, it said in a statement on Tuesday. The airline said the route suspension would be temporary once it did take effect and it may resume operations once the company makes progress on a restructuring. The postponement came few weeks after it decided to suspend loss-making flights to Los Angeles and to Rome from late October and cut 1,401 jobs through voluntary retirement this year as the airline pushes ahead with restructuring. Thai Airways is among several state-controlled companies that the military government has targeted for reform since seizing power in May 2014. ...

Lufthansa planes fuller in July, pricing still under pressure BERLIN: Planes operated by German airline group Lufthansa were fuller in July, but pricing remains under pressure, it said on Tuesday. Lufthansa said its sales measured in revenue passenger kilometres rose 6.4 percent in July, while the load factor climbed 2.3 percentage points to 86.9 percent. However, the cargo unit saw its load factor shrink 4.6 percentage points to 63.1 percent because it was not able to sell its additional capacity. Lufthansa cut the profit ...
BMW says stake owned by Johanna Quandt passed to children FRANKFURT: BMW said following the death of shareholder Johanna Maria Quandt last week, voting rights equivalent to a 16.7 percent stake in the German carmaker have been passed on to her two children. Stefan Quandt's BMW voting stake has increased to 34.19 percent from 17.4 percent previously and Susanne Klatten's stake has risen to 29.3 percent from a 12.5 percent holding previously. Last week, Johanna Quandt died at the age of 89. The Quandt family ...
India's Tata Steel says import pressures may increase after yuan devaluation MUMBAI: India's Tata Steel Ltd said on Tuesday import pressures on the Indian and European steel industries could intensify following the devaluation of the yuan, as a flood of cheap imports from China continues to impact profitability. Tata Steel, which said net profit in the June quarter more than doubled on the back of a one-time gain, has been hit by a combination of a slowdown in China and a devaluation of the Russian rouble ...
Ford to start assembly in Nigeria, eyes West Africa LAGOS: Ford Motor Company will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East, the US automaker said on Tuesday. The Nigerian assembly plant, in partnership with Ford dealer Coscharis Motors Limited, is the first outside South Africa, where Ford produces the Ranger for 148 markets. "Nigeria is a priority market for us in sub-Saharan Africa," said Jeff Nemeth, the president ...
Mexico industrial output up in June on factory, oil rebound MEXICO CITY: Mexican industrial output rose in June, bouncing back from a steep drop in the previous month as manufacturing, construction and oil production picked up, official data showed on Tuesday. Industrial output rose 0.2 percent in June from May, the national statistics agency said.That was just below expectations for a 0.3 percent expansion in a Reuters poll. Factory output edged up 0.1 percent from May. Mexico sends nearly 80 percent of its exports, mostly ...
Philippine Airlines parent's half-year profit soars MANILA: Philippine Airlines' parent company saw its first-half profit soar nearly ten-fold, boosted by strong demand during the peak summer months, the Philippine Stock Exchange said Tuesday.Interim net income for January to June rose to 5.8 billion pesos ($127 million) from 560 million pesos during the same period last year, PAL Holdings said in an exchange filing Tuesday.Revenues increased to 55.9 billion pesos from 48.9 billion pesos, with passenger revenues up 15 percent to 47.1 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln