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Royal Trophy set for China debut HONG KONG: China will host the Royal Trophy team event for the first time this year, organisers said on Tuesday, adding to a list of big golf tournaments in the country.The seventh edition of the tournament between Asia and Europe will be held at Dragon Lake Golf Club in the southern province of Guangdong, from December 20-22, they said in a press release."The first hosting of the Royal Trophy in China is a historic event," said players committee member Nick Faldo, a six-time major-winner.Asia are the holders of the trophy after a dramatic play-off win at last year's edition in Brunei.This year, China's golf events include the lucrative BMW Masters and WGC-HSBC Champions, both in Shanghai, plus the European-sanctioned Volvo China Open and a new LPGA women's event in Beijing.Copyright AFP (Agence France-Presse), 2013


No Aussie plan to curb Twitter after Warner rant SYDNEY: Cricket Australia said Tuesday it had no immediate plan to curb the use of social media by players after a Twitter rant by David Warner, but suggested it could happen in the future.Opening batsman Warner is due to face a disciplinary hearing on Wednesday into an alleged code of conduct breach after a heated tirade at two top cricket writers.He faces sanctions ranging from a fine to suspension or counselling.Cricket Australia boss James Sutherland ...

Indian bowlers in court over spot-fixing NEW DELHI: India's Test paceman Shanthakumaran Sreesanth and two other bowlers were to appear Tuesday in court over allegations that they accepted tens of thousands of dollars for spot-fixing, police said.Sreesanth, along with his Rajasthan Royals teammates Ajit Chandila and Ankeet Chavan, was arrested last week for deliberately bowling badly in specific overs during the ongoing Indian Premier League after striking deals with bookmakers."We will seek further custody of the players in the court as ...

Former Asian phenom takes slow route to success TOKYO: Japan's Hideki Matsuyama has bided his time since becoming an amateur sensation, but the newly professional 21-year-old says he is now ready to take on the US PGA Tour and work towards a major title.In a year of teenage golfing phenoms, the two-time Asian amateur champion has shown the virtues of taking a slower route to success after he delayed turning pro to attend university.Now, in his rookie professional year, Matsuyama has found it ...

Guan's dream run will continue at Memorial DUBLIN: Chinese schoolboy Guan Tianlang, the youngest player in Masters history, will continue his dream run in US PGA events by playing in next week's Memorial tournament, organizers said Monday.The 14-year-old prodigy won the low amateur's Silver Cup last month at Augusta National and shared 58th at the Masters and followed up two weeks later by making the cut at finishing 71st at a PGA event in New Orleans.Guan missed the cut at last week's ...

Zhang retains men's world crown PARIS: Defending champion Zhang Jike of China retained his men's singles title at the World Table Tennis Championships in Paris on Monday after defeating compatriot Wang Hao in the final.Fourth seed Zhang prevailed 11-7, 11-8, 6-11, 14-12, 5-11, 11-7 in a rematch of last year's Olympic final to secure a fourth major title in a row.Zhang completed a career grand slam when he pipped Wang to the Olympic crown in London last August, adding to ...

Indonesia advance to Sudirman quarters KUALA LUMPUR: Former champions Indonesia reached the quarter-finals of the Sudirman Cup on Monday with a comprehensive 4-1 victory over India in Group A.Indonesia have been joined by China, Japan and Denmark in the last eight.Japan crushed Singapore 5-0 on Monday, a result that ensured Denmark also qualified from Group D as the Singaporeans were eliminated.Indonesia will meet eight-time champions China on Tuesday to decide the Group A winner, while Japan play Denmark to decide ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln