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Rain on India's parade, but Obama visit keeps spirits high NEW DELHI: Rain threatened to dampen the excitement around US President Barack Obama's landmark visit to India as thousands of troops prepared on Monday for a dazzling military parade where he will be the chief guest.The first US president to attend the annual show of military might that was long associated with the anti-Americanism of the Cold War, Obama spent the first day of his visit on Sunday bonding with Prime Minister Narendra Modi and sealing a clutch of deals.The two leaders announced plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.Most significant was an agreement on two issues that, despite a groundbreaking 2006 pact, had stopped US companies from setting up nuclear reactors in India and had become one of the major irritants in bilateral relations."Mobama breaks N-deadlock," the Mail Today newspaper said on its ...

South Korea finance minister sees price deflation risk SEOUL: South Korea's finance minister said on Monday that consumer price trends raised fears that the economy could suffer deflation and that the government would take appropriate policy measures to manage that risk."Regarding the consumer price trends, there are fears of deflation.The government will make efforts to manage prices at certain (appropriate) levels," Finance Minister Choi Kyung-hwan said while opening a scheduled meeting with business leaders.He also said an excessive current account surplus would push ...

Thailand to borrow $1.2bn to help farmers get jobs BANGKOK: Thailand's finance ministry plans to borrow 40 billion baht ($1.2 billion) to provide temporary work for farmers during the dry season, Deputy Finance Minister Wisut Srisuphan said on Monday.The plan is a short-term measure to help farmers find jobs and would be proposed to the cabinet soon, he told reporters."The ministry is preparing a package," Wisut added, without elaborating.The military government is trying to tackle economic problems and boost the economy after taking power ...

Central African Republic minister kidnapped, another targeted BANGUI: Central African Republic's minister for youth and sport was kidnapped on Sunday by gunmen in the capital, Bangui, and a second minister narrowly escaped capture in a town to the north, officials said. The seizure of Armel Ningatoloum Sayo follows the brief kidnapping earlier this week of a UN staff member and a French charity worker, highlighting insecurity in the country despite the presence of French and UN peace keepers. Tatiana Yangeko, Sayo's spokeswoman, ...

Greece's Syriza on verge of outright majority in vote ATHENS: Greece's anti-austerity leftist party Syriza will easily win Sunday's election but may fall short of an absolute majority in parliament by as little as one seat, the first official projection of the vote showed.An official from Singular Logic, which processes the election results for the interior ministry, said Syriza would get between 149 to 151 seats in the 300-seat parliament, adding that the firm was officially projecting 150 seats but that there was a ...

Obama to propose protecting US Arctic wildlife refuge from drilling WASHINGTON: US President Barack Obama will call on Congress to expand protection of Alaska's Arctic refuge where oil and gas drilling is prohibited to 12 million acres (5 million hectares), an area that includes 1.4 million oil-rich acres along the coast. The proposal, unveiled by the Interior Department on Sunday, ran into instant criticism from Republicans and is likely to face an uphill battle in Congress, where Republicans now control both chambers. The wilderness designation, ...

Indonesia allows US miner to continue exports after smelter pledge JAKARTA: Indonesia will allow US mining giant Freeport-McMoRan to continue exporting minerals for at least another six months after it agreed to build a smelter costing $2.3 billion, government officials said Sunday. On Tuesday officials had threatened to suspend Freeport's export licence, with the energy minister accusing it of failing to uphold its end of a bargain with the government."The export permit continues. It is for six month and then it will be evaluated," said ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
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WeeklyJanuary 25, 2015
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