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Japan MOF to request record $249bn for 2015/16 debt servicing TOKYO: Japan's finance ministry will request a record 25.8238 trillion yen ($248.9 billion) for debt servicing costs in an annual budget for the next fiscal year from April 2015, a document obtained by the Reuters showed, reflecting snowballing public debt.Ministries and government offices are due to submit their budget requests for the next fiscal year by the end of August, which will be scrutinised by the finance ministry by late December when the government compiles a draft annual budget. Copyright Reuters, 2014 ...

Philippine Q2 GDP growth fastest in five quarters, rate hike likely MANILA: The Philippine economy grew at its fastest pace in more than a year in the second quarter, strengthening views the central bank will raise interest rates again to curb inflation.The Southeast Asian economy remains a popular investment destination due to relatively strong economic fundamentals, a stable political environment and improved credit ratings.Standard & Poor's raised the country's long-term credit ratings in May to two notches above investment grade.After a slow start to the year, ...
Thai August inflation rate seen up slightly at 2.20pc y/y BANGKOK: Thailand's annual headline inflation rate in August may have risen slightly to 2.20 percent with the core rate little changed at 1.80 percent, a Reuters poll showed.In July, headline inflation was weaker than expected at 2.16 percent after hitting a 14-month high of 2.62 percent in May.Core inflation, which strips out fresh food and energy prices, may have matched July's figure of 1.81 percent, well inside the central bank's target range of 0.5-3.0 percent.Inflation ...
China's local govts can swap out of pricey debt BEIJING: China's local governments can swap high-interest debt previously sold by their financing companies for more cost-effective municipal bonds, Finance Minister Lou Jiwei said. In a speech in parliament about China's fiscal system, Lou said China will control the amount of debt borrowed by its regional governments, but will also improve the way in which they can sell bonds themselves to raise cash. China's rubber stamp parliament is meeting this week and reviewing proposed amendments ...
South Korea current account surplus inches down in July SEOUL: South Korea registered a nearly $8.0 billion dollar current account surplus in July but saw the figure slip marginally from the previous month, the central bank said.The current account, the broadest measure of foreign trade in goods and services, showed a surplus of $7.91 billion compared to $7.92 billion the previous month and down from $7.99 billion a year earlier, the Bank of Korea said.With the July figure, the surplus for Asia's fourth-largest economy ...
French jobless total rises again to new record in July PARIS: The number of people without a job in France rose in July to yet another record in the latest setback to President Francois Hollande's efforts to get unemployment falling.The Labour Ministry said the jobless total in mainland France rose by 26,100 last month to 3,424,400, up 0.8 percent over one month and 4.3 percent over one year.Hollande's popularity is floundering at record lows for a French president given stagnant growth and a failure to ...
French unemployment hit new record high in July: official PARIS: Unemployment in crisis-hit France hit a new high in July, official statistics published Wednesday showed, in another blow for the deeply unpopular President Francois Hollande.The labour ministry said there were now 3.424 million people out of work, a rise of around 26,000. It was the ninth consecutive rise in the monthly unemployment figures.Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln