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Japan Inc shops abroad to duck bleak domestic prospects TOKYO: With shrinking prospects at home and the threat of further yen weakness, Japanese companies are rushing to buy overseas and seem willing to pay top dollar, as shown by Japan Post's $5 billion bid for Australia's Toll Holdings.Over the long term, Japan's demographics give a bleak prognosis for domestic demand; the population has been falling for a decade and is projected to drop from 127 million to 87 million by 2060, 40 percent of whom will be over 65.But bankers and analysts say a more immediate impetus to the dash for overseas growth is the fear, in an era of deflationary pressure and huge monetary stimulus from Japan's central bank, that the weak yen will fall still further, making overseas targets more expensive if buyers don't strike now.All of which demonstrates the counterweight to Prime Minister Shinzo Abe's efforts to kick-start the stagnant economy after decades of deflation and ...

India's Gandhi scion takes break to 'reflect' on party future NEW DELHI: Beleaguered Indian Congress party leader Rahul Gandhi is taking a break from politics to "reflect" on the future course of his party after a series of electoral defeats, officials said Monday.Gandhi has been heavily criticised for his lacklustre leadership as number two in the Congress, which has suffered a series of state election defeats since its disastrous performance in national polls last year."He has sought a few weeks of leave to reflect on ...
India investigates suspected polio in two toddlers NEW DELHI: Indian health workers are investigating two new suspected cases of polio in the impoverished east, a year after the country celebrated eradication of the crippling virus, an official said Monday.The boys, both aged two, from neighbouring villages in Bihar state have been isolated after developing fever and severe weakness in their limbs earlier this month, leaving them unable to walk, the official said.Uday Kumar Choudhary, chief medical officer for Darbhanga district, where the ...
India must grow, fulfil reform promise for rating upgrade MUMBAI: India must boost growth, cut its fiscal deficit and fulfil promises of financial and fiscal reforms in order to justify an upgrade in a credit rating, currently lodged one rung above junk bond territory, rating agency Standard & Poor's said on Monday.S&P raised India's credit rating outlook to 'stable' from 'negative' in September, citing the prospect of reforms. The agency, in a news release issued on Monday, listed what it needed to see to ...
Maldives court to decide whether to bail ex-president MALÉ: A court in the Maldives will decide Monday whether to grant bail to former president and opposition leader Mohamed Nasheed, a day after his surprise arrest on terrorism charges.Hundreds of party activists took to the streets shouting anti-government slogans after Nasheed, the country's first democratically elected president, was detained on Sunday.The Maldives is a major tourist attraction, but political unrest has dented its image as a peaceful island paradise in recent years -- particularly ...
India vows tough action over energy documents 'leak' NEW DELHI: India vowed the "strictest punishment" Saturday against anyone involved in stealing top-secret documents from the country's petroleum ministry and selling them to energy companies, as the number of people arrested over the scam rose to 12.Five senior executives from top refineries including Reliance Industries, Essar Oil and Cairn India were arrested late Friday following a major police sting operation to trap those responsible for leaking the classified documents, police said.Seven others -- two ...
Venezuela opposition mayor ordered held: prosecutors CARACAS: Venezuela prosecutors on Friday ordered the continued detention of Caracas opposition Mayor Antonio Ledezma, who was arrested a day earlier in an alleged coup plot. Prosecutors "achieved custody for the mayor of Caracas," officials said in a statement.Ledezma, who was re-elected as mayor in 2013, will be held in Ramo Verde prison, the same jail on the outskirts of the capital currently housing another opposition leader, Leopoldo Lopez, who was arrested a year ago.Masked ...


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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 $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln