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Japan to expel if Chinese land on disputed islands TOKYO: Japan's prime minister vowed Tuesday to "expel by force" any Chinese landing on islands at the centre of a territorial row, after eight Chinese government vessels sailed into the disputed waters.The latest clash over the archipelago upped the stakes in a tense diplomatic battle as nearly 170 Japanese lawmakers visited the controversial Yasukuni war shrine in central Tokyo, seen as a potent symbol of Japan's imperialist past, riling its neighbours China and South Korea.Tokyo summoned the Chinese ambassador to Japan after the state-owned Chinese ships entered its territorial waters while Beijing called the shrine visit an "attempt to deny Japan's history of aggression".The flotilla is the biggest to sail into the disputed waters in a single day since Tokyo nationalised part of the island chain in September.The islands are surrounded by rich fishing grounds and are believed to harbour vast natural resources below the seabed. Prime Minister Shinzo Abe ...

China Airlines in landmark Taiwan-Russia tie-up TAIPEI: Taiwan's leading air carrier China Airlines said on Tuesday it is launching a code-sharing agreement with Russia's Transaero Airlines, in the first such pact between the island and Russia.Beginning from May 1, the airlines will jointly provide two flights a week on the Taipei-Bangkok-Moscow route, flying Boeing 747-400s."This will be a milestone in the history of air transportation between Taiwan and Russia," China Airlines spokesman Yang Tzu-pao told AFP.The agreement will be signed at ...
Tehran rejects Canada al Qaeda Iran link as 'ridiculous' TEHRAN: Iran rejected as "ridiculous" on Tuesday a claim by Ottawa that two foreigners arrested in connection with a plot to derail a passenger train in the Toronto area were backed by Tehran-supported al Qaeda."This is the most hilarious thing I've heard in my 64 years," Foreign Minister Ali Akbar Salehi was quoted by the ISNA news agency as saying, adding that any suggestion that al Qaeda is linked to Iran "is truly ridiculous.""We hope ...
Three Chinese ships spotted off disputed islands: Japan TOKYO: Three Chinese government ships moved into territorial waters off disputed Tokyo-controlled islands late Monday, Japan's coastguard said.The maritime surveillance ships entered the 12-nautical-mile zone off Uotsurijima, one of the Senkaku islands which China claims and calls the Diaoyus, after 7:00 pm (1000 GMT), the Japan Coast Guard said in a statement.State-owned Chinese ships have frequently spent time around the five disputed islands in the East China Sea since Japan nationalised three of them last ...
UN chief 'deeply saddened' by China's earthquake toll UNITED NATIONS: Secretary-General Ban Ki-moon has expressed deep sadness over the loss of life, injuries and destruction caused by the earthquake in China's Sichuan province Saturday, affirming that the UN stands ready to provide any assistance needed.According to media reports, the seismic event, measuring from 6.6 to 7 on the Richter scale, killed nearly 200 people, sent over 8,000 to hospitals and caused a severe shortage of drinking water. "The Secretary-General extends his sincere condolences ...
Southeast Asian leaders aim to patch maritime rifts BANDAR SERI BEGAWAN: Southeast Asian leaders will focus on rebuilding unity when they meet in Brunei this week after unprecedented rifts over how to handle territorial disputes with an assertive China.The summit of the 10-member Association of Southeast Asian Nations (ASEAN) convenes against the backdrop of China's increasingly aggressive stance in claiming sovereignty over nearly all of the resource-rich South China Sea.ASEAN members Brunei, Malaysia, the Philippines and Vietnam, as well as Taiwan, also claim ...
Japan PM Abe's war shrine offering likely to infuriate China TOKYO: Japanese Prime Minister Shinzo Abe made a ritual offering of a pine tree to a shrine seen as a symbol of Japan's former militarism on Sunday, a gesture likely to upset Asian victims of Japan's war-time aggression, including China and South Korea.Abe, an outspoken nationalist, offered the tree to the Yasukuni Shrine, where 14 Japanese leaders convicted as war criminals by an Allied tribunal are honoured along with other war dead. Abe did not ...

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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