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Eight feared dead in Indonesian landslide JAKARTA: Eight people are missing and feared dead after a major landslide hit a road in remote eastern Indonesia, an official said Tuesday.Heavy downpours in an isolated mountainous region of Papua province triggered the landslide Sunday, burying six construction workers and two bystanders under rock and rubble.Papua police spokesman Patridge Renwarin said news of the incident did not reach local authorities until Monday, when a rescue team was quickly assembled.But bad weather prevented police, the army and local officials from reaching the site of the landslide on Monday, with the effort to reach those buried resuming Tuesday."I have heard reports that the team reached the site and the evacuation process is ongoing," Patridge told AFP. Landslides are common in Indonesia, one of the world's most natural-disaster prone nations. The national disaster agency estimates about half of the country's 250 million population live in areas susceptible to landslides.Copyright AFP (Agence France-Presse), ...

US to welcome 5,000 to 8,000 Syrian refugees in 2016 WASHINGTON: The United States expects to accept between 5,000 and 8,000 Syrian refugees in 2016, officials said on Monday.State Department spokesman John Kirby also said 15,000 Syrian refugees have been referred to the US for resettlement by the UN refugee agency.In December, Washington had said it had received 9,000 referrals from the UN.It had also previously said it would admit between 1,000 to 2,000 Syrian refugees in fiscal year 2015, and increase that number by ...

US to deploy F-22 Raptor fighter jets in Europe WASHINGTON: The United States soon will deploy F-22 Raptors in Europe, sending the stealth fighter jets to reassure NATO partners concerned about Russia's actions in Ukraine, a Pentagon official said.Air Force Secretary Deborah Lee James did not offer specifics about where or when the single-seat jets would be deployed, citing operational security reasons. James also would not say how many of the planes would be deployed.The deployment comes at the request of commanders in the ...

France investigators question train gunman PARIS: French investigators on Tuesday had hours left to question a Moroccan gunman who opened fire on a crowded train, only to be overpowered by a group of Americans and a Briton hailed by France's president for their "courage".Ayoub El Khazzani, a 25-year-old who boarded the high-speed train in Brussels bound for Paris on Friday armed with a Kalashnikov assault rifle, a Luger automatic pistol, ammunition and a box-cutter, is being questioned by anti-terror investigators, ...

Obama makes case for renewable energy LAS VEGAS: US President Barack Obama made a full-throated defence of renewable energy Monday, hitting coal-championing critics as free market hypocrites. With one eye on a looming battle over power plant emissions limits, Obama took on fossil fuel supporters during a speech in the parched desert oasis of Las Vegas.Framing climate change as "one of the most important issues not just of our time, but of any time," Obama said renewable energy offered a viable ...

White House admits Biden mulling 2016 run WASHINGTON: The White House on Monday acknowledged that Vice President Joe Biden is still weighing a possible run for the top job, amid controversy surrounding Democratic frontrunner Hillary Clinton.Biden, President Obama's deputy for nearly seven years, has previously said he would make a decision on entering the 2016 race by the end of the summer."I would assume that that means he's got a another month or so to think about this and announce a decision," ...

Global economy 'strong enough' to withstand China shock: Hollande BERLIN: The global economy is "strong enough" to withstand any slowdown in China, French President Francois Hollande said Monday, after a rout in world markets over concerns of the Asian giant's slowing growth."The world economy is strong enough to also have prospects for growth which are not simply linked to the situation in China," Hollande told reporters, on the sidelines of a meeting in Berlin with German Chancellor Angela Merkel and Ukraine President Petro Poroshenko.Copyright ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln