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Taiwan 2014 export orders hit record, China demand cools TAIPEI: Taiwan export orders hit a record level in 2014 and the momentum could extend into this year on stronger demand for Apple Inc's iPhone 6 and other consumer gadgets.But demand from its biggest trade partner China remains uncertain as economic growth cools, posing a challenge to the island's own trade and economic prospects.Orders grew 6.7 percent last year to a record $472.81 billion, the economics ministry said on Tuesday.December orders rose a better-than-expected 4.5 percent from a year earlier, well above the 1.6 percent growth forecast in a Reuters poll, but was slower than November's 6 percent jump.December orders for information communication goods, Taiwan export's main driver, reached a record level, growing 14.7 percent to $13.78 billion, the ministry said.Orders from the United States and Europe rose 12.8 percent and 9.7 percent, respectively, but orders from China slipped 1.1 percent, contracting for the second month in a row."Orders will ...

Greek current account deficit widens in November ATHENS: Greece's current account deficit widened in November compared to the same month a year earlier while tourism receipts rose, according to central bank data published on Tuesday.The deficit stood at 0.997 billion euros ($1.15 billion) versus a deficit of 0.753 billion euros in November 2013.Greece posted a current account surplus of 1.24 billion euros in 2013, or about 0.7 percent of gross domestic product. It is expected to post a surplus again in 2014 ...

Oil woes force Malaysia to widen fiscal deficit, cut  growth forecast KUALA LUMPUR: The Malaysian ringgit fell to a six-year low on Tuesday as the government cut its economic growth forecast, reduced its budget and widened its fiscal deficit target for 2015, to reflect lower oil and gas revenues due to plunging world prices.The Southeast Asian country has been hard hit by the collapse in global crude prices. It is the world's second-largest exporter of liquefied natural gas and is also a net oil exporter.The government ...

World Bank forecasts Western Balkan region to grow 1.3 percent in 2015 BELGRADE: The Western Balkan region is forecast to grow 1.3 percent this year mainly driven by recovery in exports due to improved demand abroad, the World Bank said on Tuesday.The region which includes Albania, Bosnia, Kosovo, Macedonia, Montenegro and Serbia posted an estimated growth of 0.2 percent in 2014 mostly as devastating floods in May hit Bosnia and Serbia accounting for nearly 60 percent of the region's total population, the Bank said in its economic ...

India's president speaks out against partisan politics NEW DELHI: India's president has rapped political parties for obstructing parliament after the government of Prime Minister Narendra Modi resorted to a flurry of executive decrees to push through economic reforms held up by the opposition.In a rare rebuke from country's largely ceremonial president, Pranab Mukherjee said the government and the opposition should put their heads together and find a workable solution to avoid frequent issuance of ordinances.He was referring to the promulgation of 10 ...

Germany's Schaeuble assures India on eurozone stability NEW DELHI: Germany's finance minister was looking to reassure India Tuesday that the eurozone is not about to lurch into a fresh crisis ahead of talks with his counterpart in New Delhi.Wolfgang Schaeuble was due to meet with Indian Finance Minister Arun Jaitley on the second day of a visit that has already seen him hold talks with India's Prime Minister Narendra Modi.There have been fresh fears of a break-up of the eurozone ahead of ...

Two workers die at separate Fukushima nuclear plants: operator TOKYO: A worker at Japan's crippled Fukushima nuclear plant died Tuesday after falling into a water tank, the country's nuclear operator said, the second fatal accident to blight efforts to stabilise the tsunami-battered facility.Separately on Tuesday, another worker died because of an incident at the Fukushima Daini nuclear power plant, which is located several kilometres (miles) south of the damaged plant, operator Tokyo Electric Power Co. (TEPCO) said.The victim at the crippled Fukushima Daiichi plant, ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln