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Indonesia says poor training caused Bali sea crash JAKARTA: Indonesian authorities blamed poor training for a crash in which a rookie pilot undershot the runway and landed in the sea off the resort island of Bali last month, according to a report seen Wednesday.All 108 passengers and crew survived the spectacular April 13 crash, which split the new Boeing 737-800 in two and was a major blow to Lion Air, which has signed record plane orders but is trying to shake off its poor safety record.The preliminary investigation by the National Transport Safety Committee found the 24-year-old Indian national at the plane's helm was forced to hand control to the Indonesian captain since he could not see the runway upon descent.The switch was made at 150 feet (46 metres) -- below the minimum altitude considered safe to continue descending -- and the captain ordered the plane to go around just one second before it crashed into the sea.The ...


Tunisia bans Salafist group congress: ruling party TUNIS: The Tunisian government has decided to ban the congress of hardline Salafist group Ansar al-Sharia due to take place at the end of this week, the ruling Islamist party's leader said Wednesday."The government has decided to prohibit this congress whose organisers have not obtained prior permission from the authorities as required by law," Ennahda party chief Rached Ghannouchi told a news conference.He was speaking shortly after the Salafist group said tens of thousands of ...

Azerbaijan extends detention of opposition leaders BAKU: A court in Azerbaijan on Wednesday extended the pre-trial detention of two prominent opposition leaders accused of fomenting rare anti-government riots in the tightly-controlled former Soviet state, opposition activists said.Ilgar Mammadov who heads the Republican Alternative (REAL) movement and Tofig Yagublu deputy head of opposition group Musavat were handed an additional three months in jail in closed court hearings in Baku where they are awaiting trial on charges of causing mass disorder and resisting ...

IOC to oversee India return to Olympic fold LAUSANNE: The International Olympic Committee (IOC) on Wednesday said it had held successful meetings with exiled member India, following its suspension over claims of corruption and political meddling.The Lausanne-based body said its representatives had held "fruitful" talks with India's sports minister, Jitendra Singh, as well as members of the Indian Olympic Association (IOA) to discuss the country's eventual return to the fold.India's IOC membership was suspended in December after Lalit Bhanot, who is facing corruption ...

Police break up opposition protest in Equatorial Guinea MALABO: Police in Equatorial Guinea on Wednesday arrested one opposition politician and dispersed some 200 demonstrators accusing President Teodoro Obiang Nguema Mbasogo's regime of "maltreatment" ahead of legislative elections scheduled later this month.Gathering in the capital Malabo, demonstrators unfurled banners reading: "Obiang, take your family and leave," and "France, United States, help us get rid of this regime that maltreats us."An AFP reporter said police quickly dispersed the crowd, which had planned to march past ...

Argentina challenges EU over biofuels: WTO GENEVA: Argentina has launched a new challenge to the European Union over the bloc's rules on the import of biofuels, the World Trade Organization said Wednesday."Argentina has notified the WTO Secretariat, on May 15, of a request for consultations with the European Union on measures imposed by the EU and/or its Member States that affect the importation and marketing of biodiesel and implementing measures as well as measures supporting the biodiesel industry," the Geneva-based body ...

US media coalition protest seizure of phone logs WASHINGTON: More than 50 US media organizations joined a protest of the US government seizure of journalist phone records from the Associated Press, describing the action as "an overreaching dragnet."The action "calls into question the very integrity of Department of Justice policies toward the press and its ability to balance, on its own, its police powers against the First Amendment rights of the news media and the public's interest," said a letter released Tuesday by ...


 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln