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China unemployment rate steady at 4.08pc at end of Q2 BEIJING: China's urban unemployment rate was 4.08 percent at the end of June, identical with the level in March, the labour ministry said on Friday. Li Zhong, spokesman of the Human Resources and Social Security Ministry, told a media conference China added 7.37 million jobs in the first half of this year, more than the 7.25 million a year earlier. Any marked weakening in the labour market would raise alarm bells for China's government, which regards healthy employment levels as a top policy priority and an important condition for social stability. "The employment situation was generally stable in the first half of this year," Li said in a webcast carried on the government portal.China aims to keep its registered urban unemployment rate below 4.6 percent in 2014, unchanged from its target for 2013. Thursday's flash HSBC/Markit Purchasing Managers' Index survey showed China's job market in July improved from June, though ...

Japan PM leaves for Latin America, Caribbean TOKYO: Japan's Prime Minister Shinzo Abe on Friday left on a five-nation tour of Latin America and the Caribbean that will reportedly see a major Japanese bank extend a $500 million oil exploration loan to Brazil.The visit comes as Chinese President Xi Jinping wrapped up a nine-day Latin American tour, as the Asian powers eye the region's fast-growing economies and vast natural resources.On Friday morning, Abe left Tokyo on his way to Mexico, Trinidad and ...
Chinese firm files Transformers lawsuit BEIJING: The owners of a Chinese nature park have filed a lawsuit against the makers of the latest Transformers film because it failed to include the park's logo, a court said on Friday.The Transformers films are wildly popular in China, and Chinese companies from milk producers to banks have flocked to have their products endorsed in the latest instalment.The Chongqing Wulong Karst Tourism Group, which runs an area of gorges and caves in southwest China ...
Taiwan plane crash toll hits 48, officials defend flight clearance MAGONG: Taiwanese officials Thursday defended flight clearance given to a plane which crashed while trying to land during stormy weather, killing 48 people, as sobbing relatives gathered to identify their loved ones.Flight GE222 was carrying 54 passengers and four crew members on a domestic flight when it crashed on Wednesday at Magong on the Penghu island chain, with ten surviving the disaster.Two French medical students were among the dead, the foreign ministry in Paris said.The ...
Cook Islands prime minister wins second term AVARUA: Cook Islands Prime Minister Henry Puna has won a second term in the small Pacific nation, although the main opposition party said Wednesday it planned to challenge the results.Preliminary returns in the July 9 poll showed Puna in danger of losing his own seat but a late surge in support from postal ballots delivered victory to his Cook Islands Party (CIP).Final results from the Chief Electoral Office gave Puna's CIP a narrow majority of ...
Indonesia Prabowo to challenge election result in court JAKARTA: The ex-general who lost Indonesia's presidential election to Joko Widodo will challenge the result in court, his campaign team said on Wednesday, a move that could spell weeks of uncertainty for the world's third-biggest democracy.But Prabowo Subianto's last-ditch bid to overturn the result did little to dampen the enthusiasm of Widodo's supporters, with thousands staging a noisy rally next to a Jakarta monument commemorating Indonesia's proclamation of independence in 1945. Widodo, the reform-minded governor ...
After MH17 tragedy, Australia assures search for MH370 goes on SYDNEY: Australia said the search for missing Malaysia Airlines Flight MH370 continued uninterrupted Wednesday, even as the head of the search coordination agency was sent to Ukraine to help with the MH17 tragedy.Australia leads the multinational search for MH370 which disappeared on March 8 carrying 239 people and is believed to have crashed in the southern Indian Ocean.It has also been drawn into the latest incident to befall Malaysia Airlines, with 28 nationals and at ...

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Banking Review 2013


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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln