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Oil prices down in Asian trade SINGAPORE: Oil prices moved lower in Asia Thursday following a mixed US energy report that showed a huge decline in crude and gasoline reserves but record-high output levels, analysts said. US benchmark West Texas Intermediate fell 27 cents to $61.16 while Brent eased 19 cents to $65.51 in late-morning trade. The US Department of Energy's (DoE) inventory report for the week to June 5 showed Wednesday that crude reserves fell 6.8 million barrels and gasoline supplies dropped 2.9 million barrels. But output remained stubbornly high, adding 24,000 barrels to an average 9.61 million a day during the week, the highest on record."Prices saw an upward lift earlier because of the inventory numbers but we haven't really seen resistance levels broken through now because the productions numbers are a concern," Ric Spooner, chief market analyst at CMC Markets in Sydney, told AFP. Dealers have been hoping that a drawdown of the ...

Gas Malaysia to raise gas price by 10.3pc from July 1 KUALA LUMPUR: Gas Malaysia Bhd , Malaysia's sole supplier of natural gas except to the power sector, said on Tuesday evening gas prices supplied to commercial and industrial sectors would rise by an average of 10.3 percent from July 1.The tariff adjustment comes seven months after the last revision in October as part of a previous government plan to cut subsidies and reduce its budget deficit.The gas tariff in Peninsular Malaysia will increase to 21.80 ...
Japan seeks 44,000 tonnes LPG for national reserves TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) issued a tender on Monday to buy liquefied petroleum gas (LPG) to store in its national reserves.JOGMEC is seeking 44,000 tonnes of propane for the stockpiling base in Namikata in Ehime prefecture, it said in a statement. The tender will be held on June 22, with offers to be evaluated the same day.Japan, which has five national LPG stockpiling bases with a total capacity of ...
Oil prices rise ahead of OPEC output meeting SINGAPORE: Oil prices rose in Asia Friday but gains were capped before a key meeting of the OPEC cartel, which is expected to maintain its current production levels despite an oversupplied global market. US benchmark West Texas Intermediate for July delivery edged up three cents to $58.03 while Brent crude for July gained 13 cents to $62.16 in late-morning trade. "It seems like the same rhetoric will continue (and) OPEC is not going to change ...
Japan shares head for record rally, dollar extends gains HONG KONG: Japanese shares rose for a 13th session Tuesday, equalling a record rally, thanks to the weak yen, while Greece's creditors held impromptu talks aimed at resolving the country's months-long debt reform crisis.Mainland Chinese shares also picked up, adding to the previous day's surge and helping to almost wipe out a near seven percent slump over Thursday and Friday.Tokyo rose 0.12 percent -- marking its best run of gains since 1988 -- while Shanghai ...
Thailand's EGAT says signs deal with Tepco on LNG import cooperation BANGKOK: State-run Electricity Generating Authority of Thailand (EGAT) has signed a preliminary agreement with Tokyo Electric Power Co (Tepco) to co-operate on impots of liquefied natural gas (LNG) to Thailand, a senior EGAT official said on Friday.Thailand is expected to import a large amount of LNG to help offset falling domestic gas supply and the plan will not affect PTT PCL, the country's sole gas supplier, Prapas Vichakul deputy governor for fuel told reporters.LNG is ...
Oil prices up in Asian trade SINGAPORE: Oil prices edged higher Friday following a mixed US petroleum report that showed a healthy decline in crude and gasoline reserves but a rise in oil production that could aggravate the global supply glut. US benchmark West Texas Intermediate (WTI) for July rose 66 cents to $58.34 and Brent crude for July gained 48 cents to $63.06 in late-morning trade. Daniel Ang, investment analyst at Phillip Futures in Singapore, said in a commentary that ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln