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Australia PM Turnbull admits 'concerns' about asylum seeker camps SYDNEY: Australia's new Prime Minister Malcolm Turnbull Wednesday admitted he had concerns about asylum seekers being held in Pacific island camps, but gave no indication of immediate change to the hardline policy.All asylum seekers coming by boat to Australia are sent to camps in Papua New Guinea and Nauru and ultimately denied resettlement in Australia even if they are found to be genuine refugees.Asked about the plight of hundreds of these people, some of whom have been in the much criticised camps for two years, Turnbull admitted to having concerns."I understand the issue, I have the same concerns about it, about the situation of people on Manus and Nauru... as I would think almost all Australians do," he said in an interview with Sky News."But what I am not going to do, is make changes to our border protection policy sitting here with you," he told the interviewer."Our policies will ...

New Australian PM urges Beijing to cool tensions in South China Sea SYDNEY: Australia's new Prime Minister Malcolm Turnbull has advised China to ease off on island construction in the South China Sea if it wants a reduced US presence in the region.Beijing claims almost the whole of the sea and over the past year has been converting reefs into artificial islands, with military facilities, sparking regional concern and warnings from Washington."There clearly are some tensions with the islands in the South China Sea, the reefs I ...
Australians welcome new PM Turnbull, poll shows SYDNEY: New Australian Prime Minister Malcolm Turnbull received a clear tick of approval from voters Tuesday, with a poll suggesting he is the nation's most popular leader in more than five years.One week after the 60-year-old multi-millionaire toppled Tony Abbott as leader in a Liberal Party coup, a Newspoll of 1,645 voters found 55 percent of them rated Turnbull as their preferred prime minister.It is the highest rating for a prime minister since July 2010, ...
Rifts open as Australia's new PM reshuffles cabinet SYDNEY: The man tipped to become Australia's next treasurer Scott Morrison in a looming cabinet reshuffle angrily defended himself against accusations Friday he had betrayed former prime minister Tony Abbott.Social Services Minister Morrison rejected the idea that he had made a deal with new Prime Minister Malcolm Turnbull so he could be promoted after the political assassination of Abbott."I had no role in his demise," he said of Abbott who was removed in a vote ...
Japan warns residents as small tsunami waves hit coast TOKYO: About a dozen small tsunami waves hit Japan on Friday more than 24 hours after a powerful quake struck offshore in Chile, prompting local authorities to advise residents to keep away from the coast.A tsunami surge of 80 centimetres (32 inches) was recorded off the northeast coastal city of Kuji at 9:38 am (0038 GMT), the Japan Meteorological Agency said, while smaller waves also hit other areas.Local television showed no visible damage to Japanese ...
Xi to show rising China's global role in US state visit BEIJING: President Xi Jinping will demonstrate China's increasing global influence on his first state visit to the US next week for a closely watched summit with Barack Obama, even as concern builds that its giant economy is losing steam.The United States and China, the world's two biggest economies, also have powerful militaries and their relationship encompasses cooperation and competition on a global scale. Key topics during the trip signalled by Chinese officials include their trade ...
Japan lawmakers scuffle over controversial security bills TOKYO: Japanese lawmakers scuffled on Thursday during a heated debate over a security bill that could see the military fight abroad for the first time in decades, after thousands rallied to voice their anger.In scenes uncommon for Japan's normally sedate parliament, members of the opposition and the ruling coalition pushed and shoved each other as a committee chairman was surrounded.Opposition lawmaker Tetsuro Fukuyama later made an emotional speech outlining why his party had submitted a ...

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln