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South Korea declares end to MERS outbreak SEOUL: South Korea on Tuesday declared the effective end to a deadly outbreak of Middle East Respiratory Syndrome (MERS) that killed 36 people, triggered widespread panic and stymied growth in Asia's fourth-largest economy.Addressing a meeting of government officials in Seoul, Prime Minister Hwang Kyo-Ahn said the danger posed by what was the biggest outbreak of the virus outside Saudi Arabia was over."After weighing various circumstances, the medical personnel and the government judge that the people can now be free from worry," Hwang said."I ask the public to shake off all concerns over MERS and to resume normal daily activities, including economic, cultural, leisure and school activities," he added.Thousands of schools were closed at the peak of the outbreak, as anxious parents kept their children home.The outbreak took a heavy toll on the national economy, stifling consumer spending and devastating the tourist sector.Local businesses including shopping malls, restaurants and cinemas reported ...

Nuclear weapons not a toy, says North Korea's China envoy BEIJING: North Korea's nuclear weapons are "not a plaything" and their future is not up for negotiation, Pyongyang's ambassador to China said Tuesday, ahead of a visit by a US envoy.The comments by Ji Jae-Ryong came after an international deal with Tehran to curb Iran's nuclear capabilities in return for the lifting of crippling sanctions.In a rare press conference in Beijing, Ji said the North's nuclear capability was "not a plaything to be put on ...
South Korea police block anti-North leaflet launch SEOUL: South Korean police on Monday blocked activists from launching anti-Pyongyang leaflets across the heavily fortified border, after fresh North Korean warnings about dire consequences if such events went ahead.Dozens of activists had planned to launch helium-filled balloons carrying about 30,000 leaflets criticising the North's ruling Kim family.But hundreds of police blocked the launch site near the border, forcing organisers to cancel the operation."They kept saying it was dangerous... we didn't buy the argument but ...
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 ...
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 ...

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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