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Indonesian military plane crashes in city of Medan JAKARTA: An Indonesian military transport plane crashed Tuesday shortly after take-off in a city on Sumatra island, exploding in a ball of flames and damaging nearby buildings.There was no immediate information on the number of people on board or any casualties on the ground after the Hercules plane went down in the city of Medan. Dramatic pictures on social media showed large crowds and emergency services gathering around the flaming wreckage, with the fuselage of the aircraft visible among thick plumes of black smoke. Buildings in the vicinity of the crash zone were also clearly damaged. "A Hercules was... transporting military logistics from Medan," military spokesman Fuad Basya told AFP.The plane took off 12:08 pm (0508 GMT) from an air force base and crashed in the city about two minutes later about five kilometres (three miles) from the base, he said.Asked about potential casualties, Basya said: "We don't know for ...

Hong Kong student leader Wong in 'chilling' assault HONG KONG: Hong Kong student leader Joshua Wong, the teenage face of the city's pro-democracy protests, was assaulted in the street with his girlfriend in an attack he said Monday sent a "chill to my heart".The motivation for the assault is not known but previous high-profile attacks against prominent media figures have raised concerns that tensions from Hong Kong's deep political divisions could turn violent. Wong, 18, was leaving a cinema near Mong Kok -- ...
Nepal PM appeals for quake aid, vows funds will reach victims KATHMANDU: Nepal's prime minister pledged Thursday to ensure that all aid would reach quake victims, seeking to allay fears over corruption and red tape as he appealed for funds at a meeting of international donors in Kathmandu.Nepal says it needs around $6.7 billion to recover from the April disaster, which killed more than 8,800 people, destroyed nearly half a million houses and left thousands in need of food, clean water and shelter.But some international donors ...
Japan police raid Toyota HQ over US exec drug charges TOKYO: Japanese police said Wednesday they had raided Toyota's headquarters in the hunt for evidence, after arresting its most senior female executive for suspected drug law violations.The announcement came as reports said American Julie Hamp, 55, told prosecutors she had the powerful painkiller shipped from the United States to ease problems with her knees.A police spokesman told AFP "it's true that we raided" Toyota's headquarters in Toyota city in central Japan, its main Tokyo offices ...
Strong quake strikes off Japan, no tsunami alert TOKYO: An earthquake with a preliminary magnitude of 6.9 struck deep under the seabed off the coast of Japan south of Tokyo on Tuesday, the Japan Meteorological Agency said.The quake's epicentre was near the Ogasawara islands south of Tokyo, the agency said, adding that a tsunami warning had not been issued. The quake's preliminary depth was put at 480 km (300 miles) below the seabed. There were no immediate reports of damage. Earthquakes are common ...
Samsung heir apologises as South Korea reports three more MERS cases SEOUL: Samsung's heir apparent Tuesday bowed in apology for one of the group's flagship hospitals becoming an epicentre of the MERS outbreak as South Korea reported three new cases, but no additional deaths. There are now 175 confirmed cases in what is the largest outbreak outside Saudi Arabia. Samsung Medical Centre in Seoul has accounted for about half of all confirmed cases in South Korea."Samsung Medical Centre has failed (to control) the infection and spread ...
South Korean parliament confirms nomination of new PM SEOUL: South Korea's parliament endorsed the appointment of Hwang Kyo-Ahn as prime minister Thursday, whose immediate priority will be to tackle a MERS outbreak which has claimed 23 lives.The move came a month after Hwang, a 58-year-old former justice minister, was selected by President Park Geun-Hye to become the prime minister, a post that has become something of a poisoned chalice under her administration.Initially opposition lawmakers refused to vote but changed their stance overnight following ...

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln