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US citizen held for 'terrorism' in Vietnam: report

Sunday, 29 April 2012 10:38
Posted by Shoaib-ur-Rehman Siddiqui
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HANOI: An American of Vietnamese origin has been detained inHo Chi Minh City and accused of "terrorism" by planning a protest to disrupt the anniversary of the fall ofSaigon, state media said. Nguyen Quoc Quan was arrested April 17 in Tan Son Nhat airport "trying to enterVietnamto instigate a demonstration and undermine celebrations", the Vietnam News Agency (VNA) said late Saturday. April 30 marks the 1975 fall of the southern regime inSaigon, the former name for the southern city, when theUnited Stateshad to pull out its combat troops, heralding the end of a decades-long conflict. Quan, also known as Richard Nguyen, will be detained for four months pending an investigation for the charge of "terrorism against the people's administration", which could lead to a death penalty if convicted. Communist Vietnam, however, has never executed a foreign citizen for political charges. The 59-year-old, a member of the outlawed Viet Tan Party, received a six-month jail sentence ...

China raises profile as Tonga rebuilds after riots

Sunday, 29 April 2012 09:58
Posted by Shoaib-ur-Rehman Siddiqui
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NUKU'ALOFA: Jason Ng wasn't living inTonga in 2006 when riots, which had Chinese-owned small businesses among their targets, left eight people dead and the centre of the capital Nuku'alofa a smouldering ruin. While the violence is long gone and much of the capital rebuilt, life remains tough for Chinese entrepreneurs and Ng doesn't see himself staying in the tiny Polynesian kingdom long-term. "Now it's very hard for Chinese people to make business here," he told AFP from ...

Seven killed in Japan bus smash

Sunday, 29 April 2012 09:57
Posted by Shoaib-ur-Rehman Siddiqui
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TOKYO: At least seven people were killed and 39 others injured on Sunday when their bus bound for Tokyo Disneyland crashed on a highway near the Japanese capital, a police spokesman said. The bus carrying 45 passengers smashed against a roadside wall on the Kanetsu Expressway before dawn in Fujioka, 100 kilometres (62 miles) northwest ofTokyo, the spokesman said. The tourist bus left Kanazawa, 300 kilometres northwest of Tokyo, late Saturday, the first day of Japan's "Golden ...

Australian PM orders embattled MP out of party

Sunday, 29 April 2012 09:56
Posted by Shoaib-ur-Rehman Siddiqui
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SYDNEY: Australian Prime Minister Julia Gillard Sunday said she had asked a lawmaker embroiled in a scandal over payment for prostitutes to quit the Labor Party in a blow to her minority government. Craig Thomson, whose vote is key to Gillard, is alleged to have used a former employer's credit card to pay for prostitutes and lavish meals and make cash withdrawals before he became an MP. Gillard said Thomson strongly denied the allegations and was entitled ...

Malaysian police fire teargas at electoral reform rally

Saturday, 28 April 2012 12:46
Posted by Muhammad Iqbal
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KUALA LUMPUR: Malaysian police on Saturday fired teargas and water cannon as thousands of protesters demanding electoral reforms surged into a central square in Kuala Lumpur, AFP correspondents said. The protesters trampled through barbed wire barricades as they poured into the heavily guarded Independence Square, defying a ban on holding the rally at the venue in the heart of the congested capital. Copyright AFP (Agence France-Presse), 2012 ...

Thousands march on capital centre in Malaysia election protest

Saturday, 28 April 2012 09:15
Posted by Shoaib-ur-Rehman Siddiqui
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KUALA LUMPUR: Thousands of protesters calling for fair elections converged on Kuala Lumpur's centre on Saturday for a major demonstration that will test the Malaysian government's reformist credentials and may affect the timing of national polls. Police have shut down much of the city centre and closed off the historic Merdeka (Independence) Square with barriers and barbed wire, enforcing a court order that the protesters should not enter the symbolically important site. The Bersih (Clean) group that ...

North Korea leader observes military drill amid threats

Saturday, 28 April 2012 08:47
Posted by Shoaib-ur-Rehman Siddiqui
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SEOUL: North Korean leader Kim Jong-Un has observed a military exercise involving tanks, planes and artillery, official media said Saturday amid continuing threats by Pyongyang against South Korea. Kim, supreme commander of the 1.2 million-strong military, "guided" the drill staged to mark the 80th anniversary of the armed forces, the state news agency reported without giving a date for the exercise. "He called for mercilessly wiping out the enemies with the arms of justice and revenge if ...

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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln