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Bangladesh garment hub to reopen after unrest DHAKA: Bangladesh manufacturers said Thursday they would reopen hundreds of factories in a key manufacturing hub outside the capital, days after they shut the plants due to worker unrest after a deadly accident."We've decided to reopen the factories (in the Ashulia area) from Friday," Shahidullah Azim, an executive of the Bangladesh Garment Manufacturers and Exporters Association, said after meeting government and labour representatives.Copyright AFP (Agence France-Presse), 2013


Six dead in storms in Texas: reports WASHINGTON: A powerful storm that may have spawned tornados ripped through northern Texas, killing six people and hurting more than 100, media reports said.The fatalities Wednesday night came in the town of Granbury in Hood County as the storm destroyed nearly 120 homes in one neighborhood, CNN reported, quoting county sheriff Roger Deeds.NBC news quoted him as saying 14 people were unaccounted for.Medical relief spokesman Matt Zavadsky said about 100 people were injured as an ...

South Korea calls Japan visit to North Korea 'unhelpful' SEOUL: South Korea Thursday criticised an "unhelpful" visit to North Korea by a senior aide to Japan's prime minister, saying it weakened the united front needed to deal with Pyongyang.Isao Iijima arrived in Pyongyang on Tuesday on a visit that clearly surprised both Seoul and Washington, which have been working closely with Tokyo on coordinating North Korea policy.South Korean Foreign Ministry spokesman Cho Tai-Young said it was "important" that the US and its two close ...

Five seriously injured in Nepal plane crash KATHMANDU: A small plane carrying 18 passengers skidded off the runway of a high-altitude airport on Thursday and plunged into a river in northwestern Nepal seriously injuring five, a police spokesman said.The government-run Nepal Airlines Twin Otter aircraft crashed into Kali Gandaki river in the Annapurna mountain range, police spokesman Keshav Adhikari said, adding that all on board were injured."At 8:30 am (0245 GMT) the plane was landing at the Jomsom airport in Mustang district ...

FDI into China creeps up: commerce ministry BEIJING: Foreign direct investment (FDI) into China rose marginally in April, the government announced on Thursday, as investment into the giant from the rest of Asia remained largely static.Incoming FDI, which excludes financial sectors, was up a mere 0.4 percent year-on-year in April to $8.44 billion, the commerce ministry said, while the figure for the first four months of 2013 rose 1.21 percent to $38.34 billion.The vast majority of it comes from a group of ...

Japan economy grows again, points to recovery TOKYO: Japan said Thursday that its economy grew again in the quarter to March, pointing to a recovery as Tokyo and its hand-picked central bank team set about stoking the world's third-largest economy.The 0.9 percent on-quarter growth -- or 3.5 percent on an annualised basis if the data were stretched over a year -- confirmed Japan's exit from recession as consumers spent more, although the nation's cautious firms did not follow suit.The data were seen ...

Socialist alliance just short of Bulgaria majority SOFIA: An alliance of Bulgaria's Socialists and an ethnic Turkish party fell just one seat short of a majority in parliament, final results from Sunday's election showed on Wednesday.The centre-right GERB won most seats but has little chance of governing as other groups do not want to work with it after it was toppled by protests against low living standards and became embroiled in scandals over wiretapping and illegal ballots.The Socialists want to give their ...


 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln