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North Korea carries out live-fire drill again in Yellow Sea SEOUL: North Korea carried out a live-fire drill near the disputed sea border with South Korea Thursday for the second consecutive day, snubbing calls from Seoul not to escalate cross-border tensions.The drill began at 7:10 pm (1010 GMT) near a South Korean front-line island close to the maritime border in the Yellow Sea, the South's Defence Ministry said."South Korean troops are keeping a tight guard against any provocations from North Korea," a ministry spokesman told AFP.South Korea has vowed to react "sternly" if North Korean shells fell south of the border.South Korea accused North Korea of firing about 130 shells from a war ship and its coast artillery for 85 minutes from 9:00 pm on Wednesday near the sea border.No artillery rounds fired by North Korea late Wednesday landed on the south side of the border, but Seoul urged Pyongyang to stop its "threatening act".The North's military has said it ...

Dozens feared dead in Philippines factory fire MANILA: Dozens of people were feared dead after a fire swept through a footwear factory in the Philippine capital Manila on Wednesday, with rescuers reporting "piles" of bodies inside.Sixty-five people were unaccounted for after the blaze destroyed the factory in the industrial suburb of Valenzuela, but firemen and investigators had yet to establish the death toll, Rex Gatchalian, the mayor of the district told AFP."I'm hoping against hope that they're still alive," he added.He had ...
MH370 search finds uncharted shipwreck SYDNEY: The hunt for missing Malaysia Airlines Flight MH370 has uncovered a previously uncharted shipwreck, leading officials to say Wednesday that if the plane is in their search zone they will find it.The Australian-led team is scouring the southern Indian Ocean seabed in hope of finding the final resting place of MH370, which vanished on March 8, 2014 en route from Kuala Lumpur to Beijing. No wreckage from the flight, which was carrying 239 people, ...
Two dead in shooting at South Korea military camp SEOUL: A South Korean army reservist killed one person and wounded three others, before turning the gun on himself during an apparent shooting spree Wednesday at a military training camp, the defence ministry said. The unidentified reservist opened fire with his rifle during shooting practice at the camp in southern Seoul, a ministry spokesman said."The man killed himself on the spot following the shooting spree that killed one of his fellow reservists and wounded three ...
Thai king leaves Bangkok hospital for coastal palace BANGKOK: Thailand's revered but ageing King Bhumibol Adulyadej Sunday left a Bangkok hospital where he has been recuperating since October for his coastal palace, as hundreds of well-wishers cheered him on his journey.The 87-year-old king, the world's longest-serving monarch, is treated as a near-deity by many Thais and his health is a subject of public concern in the politically turbulent country.The convoy carrying Bhumibol left Siriraj Hospital for his home in the southern town of ...
Drunk passenger forces Malaysia Airlines flight to turn back KUALA LUMPUR: A Malaysia Airlines flight to Colombo had to turn back to Kuala Lumpur due to a drunk passenger, the national carrier said on Sunday.Flight MH179 had taken off from Kuala Lumpur late on Saturday. "The intoxicated passenger started harassing Malaysia Airlines' crew shortly after the flight was airborne," the company said in a statement."Due to his big body size, other guests had to assist the crew to restrain the passenger."The airline said the ...
Iran urges more active British diplomacy after Cameron win TEHRAN: A top adviser to the Iranian president called on Saturday for a more active British foreign policy in the Middle East after Prime Minister David Cameron's upset election victory.The remarks by Hamid Aboutalebi, President Hassan Rouhani's deputy chief of staff for political affairs, come as six major powers, including Britain, seek a nuclear deal with the Islamic republic.Aboutalebi complained that in the negotiations that led to a framework accord last month Britain had taken ...

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln