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China to push alternative trade pact at APEC: minister BEIJING: China will seek to push its own vision of an Asia-Pacific trade pact at a regional summit next week, senior officials said Tuesday, just weeks after the release of a rival US-led deal that pointedly excludes the Asian giant.Beijing sought to promote the Free Trade Area of the Asia-Pacific (FTAAP) at last year's Asia-Pacific Economic Cooperation (APEC) summit, which it hosted.At the meeting's close, participants endorsed efforts to explore the idea, which was seen as a potential rival to the Trans-Pacific Partnership (TPP), a Washington-led trade coalition that includes the region's largest economies, except for China.Little has been heard of the FTAAP since, while the long-secret text of the TPP deal was released Thursday, receiving cheers from global business interests and jeers from labour, environmental and health groups, which vowed to fight its ratification.China said it would report the findings of a study on FTAAP at next week's APEC ...

APEC no place to discuss South China Sea BEIJING: An Asia-Pacific summit next week should not discuss rising tensions in the South China Sea, Beijing said Tuesday, after a regional defence ministers' meeting failed to issue a joint communique in a split over the issue.Beijing claims virtually the entire South China Sea and has sought to reinforce its position by building up reefs and tiny islets into artificial islands capable of hosting military facilities.Its stance puts it in opposition with several other members ...
Australia quashes migrant centre unrest SYDNEY: Australian authorities forcibly ended a two-day riot Tuesday at a migrant detention centre that left parts of it severely damaged, after police reinforcements poured in to overpower inmates reportedly armed with machetes and petrol bombs.The additional police were sent to the remote Christmas Island facility after inmates started fires and apparently armed themselves in a protest triggered late Sunday by the unexplained death of a detainee."The department can confirm all areas of the Christmas ...
Myanmar ruling party concedes as Suu Kyi heads for poll landslide NAYPYITAW/HINTHADA: Myanmar's ruling party conceded defeat on Monday in a general election as the opposition led by democracy figurehead Aung San Suu Kyi appeared on course for a landslide victory that could ensure it forms the next government."We lost," Union Solidarity and Development Party (USDP) acting chairman Htay Oo told Reuters a day after the Southeast Asian country's first free nationwide election in a quarter of a century.By late afternoon on Monday, vendors outside the ...
Suu Kyi party chalks up wins in first Myanmar poll results YANGON: Supporters of Aung San Suu Kyi's pro-democracy party on Monday cheered early results from Myanmar's historic election, with hopes boosted of sweeping gains to carry it to power after decades of military dominance.Election authorities have so far announced only a small fraction of the results, but the National League for Democracy has scooped the lion's share of those, boosting enthusiasm in the crowds in front of Suu Kyi's party headquarters in Yangon Monday evening. ...
US concerned by 'far from perfect' Myanmar vote WASHINGTON: The United States welcomed Myanmar's landmark election Sunday, but warned of "important structural and systemic impediments" to full democratization in the Southeast Asian nation after decades of military rule.US Secretary of State John Kerry said the massive turnout, which could see opposition leader Aung San Suu Kyi's party catapulted to power, was a "testament to the courage and sacrifice shown by the people of Burma over many decades."But "while these elections were an important ...
Opposition leader Suu Kyi votes in Myanmar polls: AFP YANGON: Opposition leader Aung San Suu Kyi cast her vote Sunday in Myanmar's election, in a landmark poll she hopes will see her National League for Democracy Party win a majority.Suu Kyi, wearing a red top and flowers in her hair, was mobbed by scores of journalists, while Myanmar voters shouted "victory, victory" as she was ushered from her car into the polling station. Copyright AFP (Agence France-Presse), 2015 ...

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln