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Australia welcomes UN call on Great Barrier Reef SYDNEY: Australia welcomed a draft decision by the United Nations to keep the Great Barrier Reef off its endangered list Saturday, but environmentalists warned of ongoing risks to the natural wonder.Climate change, farming run-off and development have threatened the world's biggest coral reef ecosystem, stoking fears the World Heritage Site could be formally listed as "in danger".But in a preliminary recommendation released on Friday, the United Nations Educational, Scientific and Cultural Organization (UNESCO) appears to have saved Australia this embarrassment."This is a fair draft decision and we hope that it's adopted," Foreign Minister Julie Bishop told reporters in Perth, adding that Australia was very proud of the Great Barrier Reef and the efforts to protect it.The Great Barrier Reef will remain under surveillance but not be listed as endangered, the draft recommendation to the UN's World Heritage Committee said."The overall outlook is poor," the document said of the reef, citing ...

Suu Kyi sidesteps Rohingya migrant crisis for political pragmatism YANGON: Aung San Suu Kyi was once an unassailable champion of Myanmar's powerless. But the opposition leader's refusal to speak up for a persecuted Muslim minority at the heart of a migrant crisis has cast doubt over her moral force -- and even earned a gentle rebuke from fellow Nobel laureate the Dalai Lama.Images of hungry migrants from Myanmar and Bangladesh hauled from vessels to Southeast Asian shores after months at sea have spurred calls ...
Thai 'yellow shirt' leaders sentenced for 2008 protest BANGKOK: A Thai court handed six 'Yellow Shirt' leaders two-year jail terms Thursday for a 2008 protest which saw the prime minister's office stormed and occupied by demonstrators.The ruling is the latest in a series of court cases targeting leaders on both sides of Thailand's febrile political divide, which has seen nearly a decade of disruptive and often deadly protests in Bangkok.The Yellow Shirts -- officially known as People's Alliance for Democracy (PAD) -- were ...
Malaysia believes 139 bodies in migrant graves: minister WANG KELIAN: Malaysia said on Thursday it believes 139 people are buried in graves at remote detention camps used by people-smugglers on the Thai border which were discovered on the weekend."Based on the size of the graves, and after the area was cleared... we have a clearer indication -- single grave, single person," Deputy Home Minister Wan Junaidi Tuanku Jaafar told reporters.When asked by AFP if he believed that there are 139 bodies since Malaysia ...
Thai ex-PM Thaksin under investigation for lese majeste BANGKOK: Thai police are investigating whether fugitive former premier Thaksin Shinawatra committed royal defamation in a recent interview, authorities said Wednesday as they announced his passports had been revoked.The divisive billionaire telecoms tycoon-turned-prime minister, who was toppled by a coup in 2006, sits at the heart of Thailand's bitter political divide and now lives in self-imposed exile to avoid jail on a corruption charge.On Wednesday the foreign ministry said it was asked to take action ...
China's CNNC to use IPO proceeds to fund Westinghouse AP1000 reactor BEIJING: China National Nuclear Corporation (CNNC) will use part of the proceeds of its initial public offering (IPO) in Shanghai to help fund the world's first Westinghouse AP1000 reactor, which has been subject to rising costs and repeated delays.China's securities regulator gave the go-ahead on Friday to allow the state-owned company, one of China's two biggest nuclear developers, to list its subsidiary, China National Nuclear Power Corp, on the Shanghai Stock Exchange.CNNC said in a ...
Taiwan offers South China Sea peace plan to avert 'major conflict' TAIPEI: Taiwan proposed a peace initiative on Tuesday to resolve territorial disputes in the South China Sea that its says will reduce tensions that have put Beijing at odds with its neighbours and the United States.The South China Sea Peace Initiative announced by President Ma Ying-jeou called on claimants to temporarily shelve their disagreements to enable negotiations on sharing resources.Ma's plan is similar to a 2012 proposal for the East China Sea, which allowed Taiwan ...

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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln