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Australia fears worst for drug traffickers in Indonesia SYDNEY: Australia has made a last-ditch appeal for Indonesian President Joko Widodo to spare the lives of two drug traffickers facing execution, but Foreign Minister Julie Bishop admitted she was fearing the worst.Indonesia has advised consular officials to head Saturday to Nusakambangan, the high-security prison island where its executions are carried out and where nine foreign drug convicts have been taken.They include two Australians, Myuran Sukumaran and Andrew Chan, ringleaders of the "Bali Nine" heroin trafficking gang.Jakarta must give 72 hours notice of execution and Bishop said that with the diplomats being summoned "I fear the worst"."I fear that Indonesia will seek to proceed with the execution of the two Australian citizens. I am deeply and profoundly concerned by this," she told reporters in Brussels late Friday, where she was attending NATO meetings.Bishop said she was seeking contact with Indonesian Foreign Minister Retno Marsudi to see if there was any ...

Sri Lanka's ex-president faces anti-graft probe COLOMBO: Former president Mahinda Rajapakse has been summoned to appear before Sri Lanka's anti-graft body later this week over bribery allegations, parliament was told Monday.Rajapakse loyalists said the 69-year-old had been ordered to present himself on Thursday before the Commission to Investigate Allegations of Bribery or Corruption.Although the commission told AFP that it would not comment on individual cases, supporters of the former president asked the Speaker of parliament -- who is Rajapakse's eldest brother ...
India's Pachauri asks court for permission to travel NEW DELHI: Rajendra Pachauri, who stood down as head of the UN climate panel in February facing investigation for alleged sexual harassment, asked an Indian court Friday for permission to travel to Greece for a water conference.The 74-year-old was barred from leaving the country pending a police investigation after a researcher at his New Delhi research institute accused him of sexual harassment -- an allegation he denies."He has moved the court because he wants the ...
India signals won't intervene for now in foreign tax row WASHINGTON: Foreign investors should not look to the Indian government for now to provide relief from a ruling requiring them to pay taxes on years of previously untaxed capital gains, Indian Finance Minister Arun Jaitley said on Thursday.U.S. and European investor groups are upset with the Minimum Alternate Taxation (MAT) measure, which would apply levies for past years at a higher rate than they had been subject to in the past. Tax experts say the ...
Iran lawmakers demand 'fact sheet' on nuclear deal TEHRAN: A majority of Iranian lawmakers on Sunday demanded the country's negotiators publish a "fact sheet" on a newly agreed framework nuclear accord, while denouncing details laid out in an American version."In a letter, members of parliament asked for the publishing of an Iranian fact sheet, and so far 212 have signed it," Javad Karimi Ghodusi, a member of the 290-seat assembly, was quoted as saying by the official IRNA news agency.On April 2, Iran ...
Modi to talk jets, nuclear energy in France PARIS: Once persona non grata in Europe, India's prime minister will be welcomed with open arms in Paris on Friday as he kicks off his maiden visit to the continent to woo investors to his fast-growing economy.Narendra Modi is seeking to accelerate a drive to turn India into a manufacturing and investment hub, and attention will be on whether Paris and New Delhi seal lucrative, long-delayed fighter jet and nuclear deals.Paris has for years been ...
Indian teacher charged with killing boy over stolen pencil NEW DELHI: Indian police on Thursday arrested a school principal accused of causing the death of an 11-year-old boy beaten over a stolen pencil.Police superintendent Abdul Hameed said the teacher had confessed to beating the pupil at his school in the northern Indian state of Uttar Pradesh after finding him with a pencil that another child had lost.The child later began vomiting blood and died on the way to hospital, the Times of India daily ...


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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln