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UK migration hits record level over 12 months LONDON: Net migration to Britain has hit record levels, official figures showed Thursday, with the difference between migrants leaving and arriving in Britain rising to 329,000 in the year to March."The net migration figure was a statistically significant increase from 236,000 in year ending March 2014 and is the highest net migration on record," the Office for National Statistics (ONS) said.Immigration Minister James Brokenshire called the figures "deeply disappointing".Prime Minister David Cameron had vowed to reduce the numbers to less than 100,000 by May of this year.Some 636,000 people immigrated to Britain over the 12-month period, a rise of 84,000, while 307,000 people emigrated, down 9,000.The net figure is 9,000 more than the previous record, which was set in the year ending June 2005.The report found that 269,000 EU citizens had moved to Britain permanently, a "statistically significant" increase of 56,000.Around 53,000 were Romanian and Bulgarian citizens, almost double the ...


Philippine economic growth quickens to 5.6pc in Q2 MANILA: Philippine economic growth quickened to 5.6 percent in the second quarter, placing the country in a better position to weather the global fallout from China's economic woes, the government said Thursday.Boosted by higher government spending, the April to June gross domestic product (GDP) outpaced the 5.0-percent growth in the previous quarter, which was the lowest in three years, Economic Planning Secretary Arsenio Balisacan said.Government expenditures in the second quarter rose 3.9 percent compared to ...

Merkel to meet with Balkan leaders over migrants crisis VIENNA: German Chancellor Angela Merkel and western Balkan leaders will gather in Vienna Thursday in a bid to find a coherent approach to tackling the biggest migration crisis to hit Europe since World War II.The meeting comes a day after Merkel vowed zero tolerance for "vile" anti-migrant violence and as criticism grows against the European Union for failing to coordinate a solution.With the situation spiralling further on Wednesday, rescuers found 55 more corpses on stricken ...

Israel air strike hits Gaza after rocket fire JERUSALEM: An Israeli air strike hit a Hamas facility in Gaza overnight after Palestinians fired a rocket into southern Israel, the army said in a statement early on Thursday."In response, the Israel Air Force targeted a Hamas weapon manufacturing facility located in the central Gaza Strip," it said.There were no reports of casualties in either attack. The statement said it was the eighth incident of rocket fire from Gaza since the beginning of 2015.It said ...

Australian PM dismisses Treasurer's republican push SYDNEY: Monarchist Prime Minister Tony Abbott insisted on Thursday that efforts to resurrect a push for Australia to become a republic were doomed despite his treasurer's new role as a bipartisan torchbearer for the movement.The conservative leader -- who has long expressed his love of the British monarchy -- brushed aside Joe Hockey's failure to inform him that he would co-chair a parliamentary group to gather support for constitutional change and said he doubted Australians ...

Greek president expected to formally call election on Friday ATHENS: Greek President Prokopis Pavlopoulos is expected on Friday to call a snap election for next month, an official at the presidency told Reuters, ending fruitless coalition efforts among parties deeply divided over the country's new bailout. Following last week's resignation of leftist Prime Minister Alexis Tsipras, Pavlopoulos asked a conservative and a radical left leader to try to form a new government and thereby avoid another election just seven months after the previous poll. ...

China soybean imports slow after yuan devaluation SIEM REAP: Demand for soybeans from top importer China has slowed in the past few weeks, with bookings for November running at only half of levels seen a year ago, due to the recent devaluation of the yuan that has made overseas purchases expensive, traders said. Imports of the oilseed are coming under further pressure as the price of soybean products like soymeal have not risen much in yuan terms, making it uneconomical for crushers ...


 



 
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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