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Thai ex-PM Thaksin under investigation for lese majeste BANGKOK: Thai police are investigating whether fugitive former premier Thaksin Shinawatra committed royal defamation in a recent interview, authorities said Wednesday as they announced his passports had been revoked.The divisive billionaire telecoms tycoon-turned-prime minister, who was toppled by a coup in 2006, sits at the heart of Thailand's bitter political divide and now lives in self-imposed exile to avoid jail on a corruption charge.On Wednesday the foreign ministry said it was asked to take action against Thaksin after police deemed that "part of his interview endangered national security or national reputation".It was not immediately clear which interview was being referred to. But last week Thaksin made rare public comments in overseas interviews, including to CNN and to Korean television after a public appearance in Seoul, as the Thai military marked a year in power."That case (interview) is also under investigation for criminal prosecution on 112," the ministry said in a ...


German consumer confidence hits 13.5-year high FRANKFURT: Consumer confidence in Germany is at its highest in 13.5 years, as the positive economic outlook and low inflation persuade consumers to open their purses, a poll found on Wednesday."Very strong domestic demand in Germany and the low rate of inflation are fuelling economic expectations and consumers' willingness to spend," market research company GfK said in a statement.By contrast, income expectations have slipped slightly from their previous record high, the statement said. Looking ahead ...

Madagascar's parliament votes to dismiss president ANTANANARIVO: Madagascar's parliament voted overwhelmingly on Tuesday to dismiss President Hery Rajaonarimanpianina for alleged constitutional violations and general incompetence.The Indian Ocean island's constitutional court will now decide whether the decision to dismiss Rajaonarimanpianina can be enacted.The motion was backed by 121 of the 125 lawmakers who voted, easily clearing the two-thirds majority required.The parliament's speaker, Jean Max Rakotomamonjy, said after the votes were counted: "It is officially declared that everyone accepts that the request of ...

Hackers steal personal data from US tax agency IRS WASHINGTON: Hackers stole information on 100,000 taxpayers from the online computers of the US Internal Revenue Service, the federal tax agency said Tuesday.The IRS said the unidentified cyber thieves used information on the specific taxpayers from sources outside the agency to access the accounts, which included crucial identifying information such as birth dates, addresses and social security numbers."These third parties gained sufficient information from an outside source before trying to access the IRS site, which ...

Queen Elizabeth to unveil EU referendum plans as UK parliament opens LONDON: Britain's Queen Elizabeth will set out the government's plans for a European Union membership referendum on Wednesday as Prime Minister David Cameron faces pressure to explain when it will be held and what changes to the EU he wants before then.Cameron, who says he would prefer to stay inside a reformed EU but isn't "ruling anything out" if it fails to change, was re-elected on May 7 on a pledge to reshape ties with ...

China April industrial profits reverse 6-month falling trend SHANGHAI: Chinese industrial sector profits posted their first annual rise since last September, National Bureau of Statistics data showed on Wednesday, in a sign margin pressure on firms may be easing and government stimulus may be filtering into the real economy.Industrial sector profits in April rose 2.6 percent from a year earlier, but were down 1.3 percent for the year to date, reflecting the extreme weakness of growth in the first quarter.The statistics bureau said ...

Former Petrobras executive sentenced to five years jail SAO PAULO: A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former director, Nestor Cervero, used bribe money stolen from the company to buy a luxury apartment in Rio de Janeiro. Cervero was ...


 



 
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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln