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Philippines approves 805,200 tonnes rice imports by private traders MANILA: The Philippines' state grains agency said on Tuesday it has approved guidelines for the import of up to 805,200 tonnes of rice by private traders, with shipments required to arrive not later than Nov. 30.Private rice traders will be allowed to bid for import permits, with tariff for the shipment pegged at 35 percent, at a date to be announced later, the National Food Authority (NFA) said in a memorandum, a copy of which was obtained by Reuters.Under the guidelines, private traders are allowed to import up to 293,100 tonnes each from Thailand and Vietnam, up to 50,000 tonnes each from China, India and Pakistan, 15,000 tonnes from El Salvador and the rest from any other countries.The volume will be in addition to the rice imports by the NFA under deals with the governments of Vietnam and Thailand.Copyright Reuters, 2015 ...

Palm slips as export data, Indonesian levy give little support JAKARTA: Malaysian palm oil futures extended losses for a second day on Monday, tracking declines in competing markets, while data showing an increase in shipments from Malaysia in June and a new Indonesian export levy provided little support."Our palm movement is mostly driven by external influences. When soybean oil eased, we also eased in tandem," said a palm trader with a foreign commodities brokerage in Kuala Lumpur, referring to soybean oil contracts on the US ...
Gold hit by strong US data, but poised for weekly gain SINGAPORE: Gold clung to overnight losses on Friday, hurt by strong US economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar.Bullion's failure to garner safe-haven bids despite the worsening of talks over the Greek debt crisis raised some concerns with traders.Spot gold was little changed at $1,182.35 an ounce by 0331 GMT, after losing 0.4 percent in ...
Iron ore at highest since Jan despite weak Chinese steel prices SINGAPORE: Iron ore rose to its strongest level in nearly five months and is on course for a third weekly gain amid a scarcity of high-grade cargoes, even though Chinese steel prices are struggling due to weak demand.The steelmaking commodity has risen 40 percent from a decade low in April in a rally spurred by declining stocks across ports in China. Port inventory fell for the eighth consecutive week last week."There's not too much of ...
Palm heads for biggest weekly fall since March on oversupply concerns JAKARTA: Malaysian palm oil futures fell for a fifth day on Friday and headed for their biggest weekly fall since March, as oversupply concerns and a stronger ringgit were compounded by signs that buyers could switch to competing oils.By the midday break the August palm oil contract on the Bursa Malaysia Derivatives exchange was down 1.5 percent to 2,257 ringgit ($603.31) a tonne. The contract is down 3.6 percent so far this week, heading for ...
LME copper edges up on weaker dollar in subdued trade MELBOURNE: London copper edged up in light trade on Wednesday as the dollar weakened, but expectations of slowing demand in summer capped demand."There's still a bit of cloudiness around underlying Chinese demand, which is creating a bit of uncertainty in the market, with the strong seasonal period coming to an end," said analyst Daniel Hynes at ANZ in Sydney.Hynes expects third quarter demand to be stronger than the particularly weak first quarter. "I still expect ...
Wheat near 2-month top on worries over US crop yield SINGAPORE: Chicago wheat futures edged higher for a third session in a row on Wednesday, trading near a two-month high, amid forecasts of more rains in the southern US Plains that may hit yields of the winter wheat crop.Wheat has rallied 12 percent this month on concerns that torrential rains last month in Oklahoma and Texas, key producers of hard red winter wheat in the United States, would affect quality of the crop.Forecasts called for ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln