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Six nurses killed in latest attack on Chinese medical workers BEIJING: A man with a history of mental illness stabbed and killed seven people, six of them nurses, at a sanitorium dormitory in northern China on Thursday, state media reported.An administrator was among those killed and another nurse was seriously injured in the attack in the early hours of the morning, the official Xinhua news agency said.The sanitorium is in Beidaihe, a seaside resort close to Beijing.Copyright Reuters, 2014 ...

South Korea court jails ferry operator CEO for 10 years SEOUL: The head of the company that operated South Korea's ill-fated Sewol ferry was sentenced to 10 years in prison Thursday, after being convicted of manslaughter over the disaster that killed more than 300 people.A court in the southern city of Gwangju determined that Kim Han-Sik, CEO of Chonghaejin Marine Co., had allowed the ferry to be routinely overloaded and approved illegal renovations to increase its passenger capacity.Copyright AFP (Agence France-Presse), 2014 ...
Signs North Korea preparing bomb material amid nuclear test threats SEOUL: New satellite imagery suggests North Korea may be firing up a facility for processing weapons-grade plutonium, as Pyongyang threatened Thursday a fresh nuclear test in response to UN condemnation of its rights record.The images show steam rising from a re-processing plant at the North's main Yongbyon nuclear complex -- a sign consistent with maintenance and testing prior to commencing operations, the US-Korea Institute at Johns Hopkins University said on its closely followed 38 North ...
Suu Kyi party admits 'cannot win' fight to change constitution YANGON: Aung San Suu Kyi's opposition party on Wednesday admitted it "cannot win" its battle to scrap parts of a junta-era constitution that bars her from Myanmar's presidency, decrying a parliamentary decision to postpone amendments until after 2015 elections."Calculate the ratio mathematically. We cannot win (the fight to change key sections of the constitution)," party spokesman Nyan Win told AFP, explaining that an effective army veto in parliament meant it would not prevail in its ...
Solomon Islanders go to the polls HONIARA: Solomon Islanders voted Wednesday in the Pacific nation's first election since the completion of a major peacekeeping mission, with early indications the poll was trouble free.Extra police were on patrol in Honiara, which was hit by rioting after a 2006 election, but Royal Solomon Islands Police Force Commissioner Frank Prendergast said he was pleased with the public's behaviour."This is an extremely important election for the country," he told Radio New Zealand."The RSIPF is committed ...
India's Modi in Fiji to meet Pacific leaders SUVA: Indian Prime Minister Narendra Modi was greeted by cheering crowds clamouring for selfies when he visited Fiji on Wednesday to hold talks with Pacific island leaders about increasing his country's engagement in the region.The rock star welcome he received this week in Sydney after attending the G20 summit in Brisbane continued when Modi landed in Suva, with crowds lining the streets for a glimpse of the first Indian leader to visit Fiji since Indira ...
South Korea puts economic unification tab at $500bn SEOUL: South Korea's top financial regulator said Wednesday that developing North Korea's moribund economy in the wake of eventual reunification would cost around $500 billion.Financial Services Commission (FSC) chairman Shin Je-Yoon told a seminar in Seoul that the estimate covered a period of 20 years that would be needed to raise the North's per capita GDP from the current $1,251 to $10,000.The FSC stressed the figure of $500 billion was open to revision and should ...

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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln