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South Korea reacts with caution to new US-Japan defence ties SEOUL: South Korea on Tuesday responded cautiously to a new set of US-Japan defence guidelines, demanding close consultations with Seoul on issues concerning security on the Korean peninsula.Under the new guidelines, Japan could shoot down missiles heading toward the United States and come to the aid of third countries under attack, if the attack was deemed a threat to Japanese security.Seoul had been concerned that the new rules for defence cooperation unveiled on Monday might allow Japan to exercise the doctrine of "collective self-defense" around the Korean peninsula without its consent.South Korea hosts 28,500 US troops who help defend the South against threats from nuclear-armed North Korea."The government expects the United States and Japan ... to implement the guidelines in ways that contribute to regional peace and stability and to maintain close consultations with us in issues relating to security on the Korean peninsula and our national interests," South Korea's ...

Battered South Korean president accepts PM resignation SEOUL: South Korean President Park Geun-Hye on Monday accepted the resignation of her prime minister over a widening bribery scandal that has tainted senior members of her faltering administration. Park was on a four-nation tour of South America when Lee Wan-Koo offered to step down. The decision was confirmed by an official from the president's office hours after her return.Although nominally the second highest official in the country, the prime minister fills a largely ceremonial ...
Frantic search for Nepal quake survivors as toll tops 2,000 KATHMANDU: Rescuers in Nepal searched frantically Sunday for survivors of a quake that killed more than 2,000, digging through rubble in the devastated capital Kathmandu and airlifting victims of an avalanche at Everest base camp.Terrified residents of Kathmandu were woken by fresh aftershocks in the worst disaster to hit the impoverished Himalayan nation in more than 80 years, with many forced to spend the night trying to sleep out on the streets and open ground ...
Quake avalanche kills 8 at Nepal's Everest Base camp KATHMANDU: An avalanche triggered by a deadly earthquake in Nepal on Saturday buried a part of the base camp for climbers bound for Mount Everest, killing at least eight people, Nepal's tourism ministry said."The toll could go up, it may include foreigners as well as sherpas," tourism official Gyanendra Shrestha said.Copyright AFP (Agence France-Presse), 2015 ...
Indonesia issues execution orders for Australians, Filipino SYDNEY: Two Australian drug traffickers and a Filipino woman were on Saturday given official notification by Indonesia that they will be executed, but with no given date, reports and a lawyer said.They include Australians Myuran Sukumaran and Andrew Chan, ringleaders of the "Bali Nine" heroin trafficking gang, and mother-of-two Mary Jane Veloso.There was no word on the fate of several other foreign drug convicts due to face the firing squad, including one each from Brazil ...
Japan man arrested over drone found on PM's office roof TOKYO: A Japanese man was arrested Saturday for allegedly flying a small drone with traces of radioactivity onto the roof of the Japanese prime minister's office, police said.Yasuo Yamamoto, 40, turned himself in to local police in Fukui prefecture, some 350 kilometres (220 miles) west of Tokyo, late Friday night with an apparent drone controller, saying he did it to express his anti-nuclear power stance, according to local media.The unemployed man blogged that the drone ...
Strong earthquake rattles New Zealand WELLINGTON: A strong 5.9-magnitude earthquake rattled New Zealand on Friday, the US Geological Survey said, with local authorities saying there were no immediate reports of damage despite it being widely felt.The quake hit at 3:36 pm (0336 GMT) with its epicentre about 66 kilometres (41 miles) from the South Island town of Kaikoura at a depth of 55 kilometres, the USGS said.The local GeoNet monitoring service measured the quake at 6.3 and said it had ...

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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln