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Indonesian navy ammunition depot explodes, 25 hurt JAKARTA: At least 25 people were injured in an explosion Wednesday at an Indonesian navy ammunition depot near the capital Jakarta, police and local media reports said."A navy ammunition depot exploded this morning but we are still checking the details," Jakarta police spokesman Rikwanto told AFP.Local television quoted the country's military spokesman Iskandar Sitompul as saying 25 people were injured. No further details have been provided.The depot is located on a small island off Jakarta's coast.Indonesian media reported a number of ambulances were parked at a Jakarta pier from which the island is reachable by boat.Copyright AFP (Agence France-Presse), 2014 ...

China defence spending to rise 12.2pc in 2014: govt BEIJING: China will increase its official defence budget by 12.2 percent this year, the finance ministry said Wednesday, marking another double-digit increase in the rising giant's military spending. "The appropriation for national defence is 808.23 billion yuan ($132 billion), up 12.2 percent," it said in a budget report prepared for the annual session of the rubberstamp National People's Congress, which opens Wednesday. China has for years boosted its spending for its People's Liberation Army, reflecting ...
Fiji coup leader leaves military for election run SUVA: Fiji strongman Voreqe Bainimarama relinquished his military command Wednesday in a move hailed by Australia and New Zealand as pivotal for the coup-plagued Pacific nation's return to democracy.Bainimarama's resignation means he will contest elections scheduled for September as a civilian, not as the leader of an armed force that has been involved in four coups since 1987.The 59-year-old, who used the army to seize power in late 2006, said it was difficult to end ...
South Korea offers North talks on family reunions SEOUL: South Korea on Wednesday sent a formal request to North Korea calling for talks next week on holding further reunions for families separated by the 1950-53 Korean War.The message sent by fax across the heavily fortified frontier proposed a meeting on March 12 at the border truce village of Panmunjom, the Unification Ministry said."We hope that the North will quickly respond to our proposal in consideration of the pain and suffering of the separated ...
US urges 'restraint' between Japan, South Korea WASHINGTON: The United States on Tuesday urged its allies Japan and South Korea to show restraint in their tense relations as an American senator faulted Tokyo on historical disputes.Danny Russel, the assistant secretary of state for East Asia, called on the two countries to look at the model of Japan and the United States, which have overcome the bitterness of World War II to nurture a close friendship."We continue to stress the need for prudence ...
New Zealand's Maori king snubs Prince William WELLINGTON: New Zealand's Maori king has refused to meet Prince William during a royal tour next month, with his office saying Tuesday he is "not a carnival act" for visiting dignitaries.Prime Minister John Key expressed disappointment at the snub, which would have involved Prince William visiting King Tuheitia during his April 7-16 trip to New Zealand with wife Catherine and baby son Prince GeorgeBut King Tuheitia's office rejected the offer, arguing the 90 minutes allotted ...
New Zealand Maori king refuses to meet Prince William WELLINGTON: New Zealand's Maori king has refused to meet Prince William during a royal tour next month, Prime Minister John Key said Tuesday, expressing disappointment at the snub.Key said Kensington Palace had hoped Prince William would visit King Tuheitia at the Turangawaewae marae, or meeting place, during his April 7-16 trip to New Zealand with wife Catherine and baby son Prince George.But he said King Tuheitia's office rejected the offer, arguing the 90 minutes allotted ...

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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln