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Chinese ships spotted in disputed islands waters: Japan TOKYO: Three Chinese government ships remained in the waters of disputed Tokyo-controlled islands for nearly 12 hours on Monday, Japan's coastguard said, as a long-running row shows no sign of fading.Maritime surveillance vessels were spotted in the 12-nautical-mile zone off the Senkaku islands, which China calls the Diaoyus, in the East China Sea shortly after 9:00 am (0000 GMT), the coastguard said.They left the zone shortly before 9:00 (1200 GMT), the coastguard confirmed.It is the latest episode in a fraught few months which have seen repeated stand-offs between official ships from both sides as they jostle over ownership of strategically-important and resource-rich islands.In a separate maritime incident in the East China Sea, a foreign submarine was spotted sailing underwater near Kume, one of Japan's Okinawan islands, from late Sunday to early Monday, the Defence Ministry said.The submarine was thought to be Chinese, Japanese media said.It sailed close to 12-nautical-mile territorial ...

Philippines holds elections vital for Aquino reforms MANILA: The Philippines held elections Monday seen as crucial for President Benigno Aquino's bold reform agenda, as deadly violence and graft-tainted candidates underlined the nation's deep-rooted problems.Aquino has called for the mid-term polls, in which thousands of local leaders plus national legislators will be elected, to be a referendum on his efforts to transform a corrupt political system and an underperforming economy."The president is asking voters to put their confidence in those on the administration ...
Taiwan beefs up patrols in waters near Philippines TAIPEI: Taiwan Sunday dispatched four coastguard and naval vessels to beef up patrols in waters near the Philippines following public outrage over the shooting of a Taiwanese fisherman by Filipino coastguards."The government is determined to protect our fishermen," cabinet spokeswoman Cheng Li-wen said in a statement as a Lafayette-class naval frigate and coastguard vessels set sail for the area where the 65-year-old Taiwanese fisherman was killed Thursday.The move came shortly after authorities issued a strongly-worded ...
Hundreds of protesters gathered in Shanghai SHANGHAI: Hundreds of protesters gathered in the Chinese financial hub of Shanghai on Saturday to oppose plans for a lithium battery factory, highlighting growing social tension over pollution.Police stood by as residents marched peacefully along a busy street in the Songjiang district of the city, gathering at an intersection near the site of a Carrefour hypermarket, chanting and holding signs saying "No factory here, we love Songjiang."Many wore matching t-shirts with an image of a ...
Taiwan threatens sanctions over Philippines shooting TAIPEI: President Ma Ying-jeou said Saturday Taiwan would consider sanctions against the Philippines amid widespread public outrage at Manila over the shooting of a Taiwanese fisherman."We will definitely seek justice for our fisherman. We will not rule out the possibility of taking any kind of sanctions" against the Philippines, Ma said while inspecting a coastguard drill in central Taiwan."The Philippines shot an unarmed fishing boat. This is very brutal and cold-blooded," he said, reiterating Taipei's ...
Strong quake causes damage, injuries in southern Iran TEHRAN: A strong earthquake of 6.2 magnitude hit southern Iran early Saturday, the US Geological Survey said, with local media reporting of damaged villages and several injuries.The epicentre of the quake was measured at 85 kilometres (52 miles) southeast of the southern town of Minab at 0208 GMT , the USGS said in a statement. It was at a depth of 36.44 km.Head of Iran's Red Crescent rescue corps Mahmoud Mozafar told the Fars news ...
Gandhi's sandals up for auction in Britain LONDON: A pair of sandals formerly owned by India's independence hero Mahatma Gandhi is to go under the hammer in Britain later this month.Auction house Mullock's said the battered leather shoes, due to be sold on May 21, were expected to fetch up to £15,000 ($23,000, 18,000 euros) despite being "in a bad state".The sandals are among the star lots in "one of the largest collections of memorabilia relating to Mahatma Gandhi ever to be ...

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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