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At least 10 dead in Myanmar floods YANGON: Floods triggered by torrential monsoon rains have killed at least 10 people in Myanmar in the last 48 hours, state media and officials reported Sunday.Six people were killed by flash floods on Saturday in Thabeikkyin, central Mandalay Region, the Ministry of Information said, while another three perished the same day in Thibaw, northern Shan State.A 19-year-old boy also died in Muse, Shan State, on Friday, the ministry said.State media Sunday said those killed in Thibaw were swept to their deaths as they stood watching rising floodwaters from a 100-year-old bridge which collapsed.The Global New Light of Myanmar ran pictures of a picturesque stone bridge sliced in half by a raging brown torrent, and said rescue workers were dispatched to try and find the victims' bodies.Western and northern parts of Myanmar have been hit by heavy rainfall in recent days with some areas of Shan State, a mountainous and particularly ...

6.0-magnitude earthquake strikes off Indonesia: USGS JAKARTA: A strong 6.0-magnitude earthquake struck off the Indonesian island of Java Sunday, the US Geological Survey reported, but local officials said there was no risk of a tsunami.The quake struck at 2:05 pm local time (0705 GMT), 93 kilometres (57 miles) south of Krajan Tambakrejo village in east Java province at a depth of 59 kilometres, the USGS said.Mochammad Riyadi, from the Indonesian meteorology, climatology and geophysics agency, said there were no reports of ...
Powerful typhoon kills 11,000 farmed tuna in Japan: reports TOKYO: A powerful typhoon which lashed Japan last week has killed more than 11,000 farmed bluefin tuna, costing over $10 million in damage, local media said Saturday.Typhoon Nangka made landfall in southwestern Japan on the night of July 16 and slowly moved northward before turning into a tropical depression.Torrential rain and gusts of wind wreaked havoc in various parts of western Japan, also causing high waves and clouding sea water in the fish farm near ...
North Korea prepares to launch new long-range rocket: Yonhap SEOUL: North Korea is preparing to launch a new, long-range rocket, possibly in October, having completed an upgrade at its main satellite launch base, South Korea's Yonhap news agency reported Wednesday.Any such launch would almost certainly be viewed by the international community as a disguised ballistic missile test and result in the imposition of fresh sanctions.Quoting an unnamed government source, Yonhap cited "credible intelligence" that North Korean leader Kim Jong-Un had ordered the launch of ...
New Zealand PM slams 'desperate' claims on Chinese investors WELLINGTON: New Zealand Prime Minister John Key on Monday accused the opposition Labour Party of "desperate" tactics in blaming Chinese investors for rising house prices in Auckland.Amid concerns that houses are becoming unattainable in New Zealand's largest city, Labour released data last week purporting to show that 40 percent of buyers in Auckland were Chinese.The information was based solely on whether the surname of buyers appeared to be Chinese and critics, including Race Relations Commissioner ...
Iran nuclear deal faces fresh challenges in US VIENNA: Hours after major powers agreed a deal over Iran's nuclear programme, the White House on Wednesday launched a campaign to stop sceptics at home and abroad from derailing the long-awaited accord.The agreement, signed on Tuesday after 18 days of marathon talks in Vienna, aims to ensure Tehran cannot create a nuclear bomb in return for lifting biting sanctions that have crippled Iran's economy. It was hailed by the United States, the European Union, Iran ...
Google removes Chinese name on map after Philippine furore MANILA: Google has quietly removed the Chinese name for a South China Sea shoal bitterly disputed by Beijing and Manila from its maps service, following an outcry from Filipinos.The Google Maps website on Tuesday referred to the rich fishing ground -- a subject of a case lodged by the Philippines at an international arbitration tribunal -- by its international name, Scarborough Shoal.The service had earlier labelled the shoal as part of China's Zhongsha island chain, ...

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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln