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Indonesian officials ordered to eat street food to trim budget JAKARTA:- Indonesia has ordered officials to eat local street food at meetings instead of fancy foreign fare and stop holding lavish parties, the latest moves by the new government to crack down on bureaucratic excess.Snacks such as cassava, steamed corn and yam cakes should be served at official gatherings and the number of guests invited to high-ranking bureaucrats' parties should be limited to 400, a minister said.President Joko Widodo, who took office last month and is known as a modest figure from a humble background, has made reining in official spending and trimming back the graft-ridden nation's bloated democracy a key goal. He has already slashed travel and meeting budgets for next year, and last week sought to lead by example when he flew economy class to Singapore for his son's graduation, winning widespread praise online. Announcing the latest moves late Thursday, Yuddy Chrisnandi, minister for bureaucratic reform, ordered officials ...

Chinese lawyers fear draft law will muzzle them BEIJING: Lawyers in China fear a proposal to make insulting or defaming court personnel a crime will restrict their freedom to defend their clients, a prominent advocate said Friday, weeks after the Communist Party pledged to ensure the "rule of law".The revision to the criminal law, which would punish those who "seriously disrupt the order of the court" with a minimum three years in prison, was published soon after a key meeting of party leaders ...
China to push football education to raise level of game BEIJING: China is mandating football courses at more and more schools to raise the level of the game and bolster its ambitions as a power in global sport, state media reported Friday.The world's most populous country has long been a powerhouse in sports such as gymnastics, diving, table tennis and badminton.But despite a domestic football league that offers foreign managers and players lucrative contracts, the national side remains a lowly 99th place in Fifa's global ...
Japan volcano eruption hits flights TOKYO: Flights in Japan were cancelled or diverted on Thursday to avoid a cloud of ash and smoke spewing from an erupting volcano in the south.Japan Airlines and All Nippon Airways warned passengers of "a number of cancellations and changed destinations" on routes involving Kumamoto airport because of the 800-metre (2,600-foot) column of debris from Mount Aso."Today we cancelled eight flights departing from Kumamoto and four flights arriving there," a JAL spokesman said."There was also ...
Thai elections may be delayed until 2016: report BANGKOK: Thailand's finance minister Sommai Phasee has said elections in the junta-ruled kingdom could be delayed until mid-2016, days after military officials ruled out lifting martial law any time soon.Prime Minister Prayut Chan-O-Cha had previously said his government hoped to hold fresh polls around October 2015, after seizing power in a coup six months ago, despite international appeals for a swift return to democracy.But in an indication elections could be further delayed, Sommai told the ...
North Korea reveals rank of leader Kim's sister SEOUL: North Korea revealed Thursday the official title of Kim Jong-Un's younger sister, who is widely tipped to become a close and influential aide to the young leader.Kim Yo-Jong, believed to be 26, made her first public appearance during the funeral of her father and longtime ruler Kim Jong-Il in December 2011.Since then, she has occasionally been seen accompanying her brother to political events and on his "field guidance trips," but without any specific title ...
China drafts first domestic violence law BEIJING: China has drafted its first national law against domestic violence, with activists hailing it Wednesday as a step forward in a country where abuse has long been sidelined as a private matter.The new law formally defines domestic violence for the first time and streamlines the process for obtaining restraining orders -- measures long advocated by anti-domestic abuse groups."Over the years, we've many times felt powerless ourselves to help victims," said Hou Zhiming, a veteran ...

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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