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China chemical plant explosion kills one BEIJING: An explosion at a chemical plant in China killed at least one person, local media reported Tuesday, just weeks after a massive blasts in a northern port killed 159.Pictures said to show a fireball in Dongying, in the eastern province of Shandong, circulated on social media. Their authenticity could not be immediately verified.The explosion occurred on Monday night at the Diao Kou Xiang Bin Yuan Chemical Co., according to a news website run by the local government. The fire was extinguished about five hours later and "people in charge of the company" were detained by police, the site said.The blast came in the wake of giant detonations at a hazardous goods storage facility that devastated a swathe of the city of Tianjin, a key Chinese port. The toll rose to 159 on Tuesday, with another 14 people still missing. The disaster sparked widespread outrage over alleged safety violations and ...

China cabinet to relax requirements for fixed-asset investment BEIJING: China's cabinet will relax requirements for fixed-asset investments, including lowering minimum capital requirements, a statement published on its website said on Tuesday. China would also establish a 60 billion yuan ($9.43 billion) national small- and medium-enterprise development fund, it said. The move comes as China's economy sputters after decades of double-digit growth and stock markets are subject to continued volatility after routs earlier this summer. Also on Tuesday, weak August factory data increased investors' ...
Japan defence ministry asks for record budget TOKYO:Japan's defence ministry on Monday made its biggest ever budget request, as Tokyo bolsters its military amid lingering territorial rows and worries over China's expanding naval reach.The ministry wants 5.09 trillion yen ($42 billion) for the next fiscal year, with the focus on strengthening protection of a string of southern islands that stretch from Japan's mainland to waters near Taiwan.The request, if approved, would mark the fourth straight annual defence budget increase and a 2.2 ...
Malaysia PM reasserts command with National Day parade KUALA LUMPUR: Malaysia's government reclaimed the streets of the capital Monday after massive weekend protests demanding the premier's ouster, staging its own show of force with National Day celebrations attended by thousands.With Prime Minister Najib Razak presiding, masses of flag-waving spectators cheered a colourful parade of soldiers, police and civil servants through the city centre, symbolically underlining the government's clout despite pressure for change.Organisers of the peaceful weekend demonstrations said more than 200,000 people came ...
Death toll in Austrian migrant truck over 70 VIENNA: The bodies of more than 70 dead migrants have been recovered from an abandoned truck found on an Austrian motorway, more than the initial estimate of between 20 and 50, the Austrian government said Friday.The number was confirmed to AFP by interior ministry spokesman Alexander Marakovits. The lorry was found on Thursday on a motorway near the borders with Slovakia and Hungary.Copyright AFP (Agence France-Presse), 2015 ...
Japan hosts women-focused conference amid economy push TOKYO: Japan on Friday kicks off the "World Assembly for Women" conference, as Prime Minister Shinzo Abe moves to boost the role of females in the world's third largest economy.Tokyo will play host to the international conference with Liberian President and Nobel laureate Ellen Johnson Sirleaf and Marillyn Hewson, chief executive of US aerospace and security giant Lockheed Martin, among the speakers.Japan's premier is set to deliver the keynote speech as the two-day conference opens. ...
Australian PM dismisses Treasurer's republican push SYDNEY: Monarchist Prime Minister Tony Abbott insisted on Thursday that efforts to resurrect a push for Australia to become a republic were doomed despite his treasurer's new role as a bipartisan torchbearer for the movement.The conservative leader -- who has long expressed his love of the British monarchy -- brushed aside Joe Hockey's failure to inform him that he would co-chair a parliamentary group to gather support for constitutional change and said he doubted Australians ...

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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln