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Thai Oct exports seen up for 2nd month, factory output to fall BANGKOK: Thailand's customs-cleared exports probably rose for a second straight month in October, while imports and factory output likely declined again, a Reuters poll showed.Analysts predicted a rise of 0.8 percent in October exports from a year earlier, extending a 3.2 percent increase in September. A Finance Ministry official said last week preliminary data showed exports rose about 4 percent in October.The manufacturing output index (MPI) likely slid for a 19th straight month in October, down 2.25 percent from a year earlier, the poll showed. It fell 3.92 percent in September.Exports, equivalent to more than 60 percent of the economy, have been weak due to tepid global demand, while domestic activity remains sluggish after months of political unrest.Annual imports in October may have dropped 1.7 percent after a rise the previous month. Many imported materials are assembled into completed goods and shipped out again.Copyright Reuters, 2014 ...

Russian economy minister estimates Jan-Oct GDP growth at 0.8pc y/y MOSCOW: Russia's Economy Minister Alexei Ulyukayev said on Monday that he estimated gross domestic product growth at 0.8 percent year-on-year in the period January-October. The ministry formally predicts economic growth of 0.5 percent for 2014 as a whole, but its officials have said this may be an underestimate. Copyright Reuters, 2014 ...
German business confidence stabilises in November FRANKFURT: Business confidence in Germany appears to be stabilising after long months of decline, with the Ifo business climate index rising in November for the first time since April, data showed on Monday. The closely watched barometer rose to 104.7 points in November from 103.2 points in October, the Ifo think-tank said in a statement."The downturn in the German economy has ground to a halt for the moment at least," Ifo chief Hans-Werner Sinn said ...
Lavrov to join Iran talks in Vienna MOSCOW: Russian Foreign Minister Sergei Lavrov will arrive in Vienna on Sunday evening to take part in international talks on Iran's nuclear programme, TASS news agency quoted a source with Russian delegation as saying.Lavrov earlier cancelled his meetings planned for Monday in Moscow as world powers and Iran hold the final round of talks in Vienna before a self-imposed deadline on Nov.24. Copyright Reuters, 2014 ...
Egypt to offer projects to domestic, foreign investors CAIRO: Egypt will offer a slew of projects to domestic and foreign investors at a conference in March aimed at kick-starting an economy battered by years of political unrest, the prime minister said Saturday.Falling tourist revenues and slowing investments have left Egypt's economy in ruins after nearly four years of turmoil that saw two presidents ousted following mass street protests.But President Abdel Fattah al-Sisi, elected by a landslide this year, has put economic recovery at ...
Greece battles lenders over projected budget gap, Fitch affirms rating ATHENS: Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast.The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders arguing Greece will miss the 0.2 percent of economic output target because of a new payback plan for austerity-hit Greeks who owe the ...
Brazil government slashes 2014 budget surplus goal BRASILIA: Sharp depletion of Brazil's fiscal accounts has prompted the government to slash its key budget surplus goal to a fraction of its original target, according to a planning ministry report released on Friday.In the report, the government says it plans to deduct 106 billion reais in investments from its original primary surplus goal of 116 billion reais ($46.12 billion) or the equivalent of 2.15 percent of GDP. That leaves a surplus of only 10 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln