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Li's Watson to raise up to $6bn in June IPO: report HONG KONG: Asia's richest man Li Ka-shing is planning to raise up $6 billion through a dual listing of his flagship retail chain in Hong Kong and London, a report said Tuesday, in what would be the world's biggest initial public offering since late 2012.Li is aiming to sell shares in A.S. Watson -- part of his vast Hutchison Whampoa conglomerate -- by the end of June, the Wall Street Journal reported, quoting a person familiar with the situation.Li, 85, said in February that Watson will be listed in two places with one of them definitely being the Chinese financial hub. "No matter what, Watson will definitely list in two locations, with Hong Kong being one of them," the Journal reported Li as saying at the time.Tuesday's report said HSBC, Goldman Sachs and Bank of America were involved with preparations for the IPOs, adding that it plans to submit a ...

Thai government to lift Bangkok emergency as tension eases BANGKOK: Thailand's government is to lift a state of emergency in Bangkok and surrounding provinces because anti-government protesters have become less active, a senior security official said on Tuesday."We have agreed to lift the state of emergency and use the Internal Security Act starting from tomorrow until April 30 as the number of protesters has dwindled ... and after pleas from the business community," national security chief Paradorn Pattanathabutr told Reuters. The government set the ...
Australian police dig for 'multiple' baby graves at rural home BRISBANE: Police in Australia were digging up a rural property on Tuesday searching for what reports said were "multiple babies" in secret graves.Officers swooped on a house near Gin Gin, 370 kilometres (230 miles) northwest of Brisbane, after a tip-off that children were born and their bodies hidden on the property by the same family in the 1990s and early 2000s."I can confirm we are conducting investigations into information received regarding allegations a number of ...
Chinese slam Malaysia for 'contradictory' jet information BEIJING: Malaysia drew a fresh round of scathing criticism from China Monday over conflicting information on missing jet MH370, with state media and social media users voicing increasing scepticism as the search enters its 10th day.Malaysian Prime Minister Najib Razak on Saturday announced that the Malaysia Airlines flight's disappearance may have been "deliberate" and that the aeroplane flew for several hours after leaving its intended flight path.In an editorial, the China Daily newspaper questioned why ...
Parents of Japan kidnap victim hail meeting with grandchild TOKYO: The ageing mother of a Japanese woman kidnapped and taken to North Korea as a schoolgirl on Monday hailed a "miraculous" first meeting in Mongolia with her long-lost granddaughter.Megumi Yokota who was only 13 years old when she was kidnapped by North Korean agents in 1977 on her way home from school.The secretive state insists that Yokota killed herself in 1994, an explanation that Tokyo has long refused to accept.Yokota's parents -- father Shigeru, ...
Indonesia starts election campaign, voters set to choose radical change JAKARTA: Indonesia's raucous election season kicks off on Sunday with the promise of a fresh style of leadership in the world's third largest democracy, whose economic promise has been sapped by rampant graft, confusing policy and weak rule. An uncertain election outlook abruptly changed on Friday when the main PDI-P opposition party named the hugely popular governor of Jakarta as its candidate for July's presidential election. That lifted even further its chances of dominating the ...
Thailand sentences suspected Uighur asylum seekers BANGKOK: Thailand on Saturday sentenced dozens of asylum seekers thought to be from China's Uighur minority for illegal entry, an official said, despite a US appeal for their protection.About 120 adults among the group were fined 4,000 baht ($124) each by a court in southern Thailand, according to police, who said they were waiting to identify the families before deciding their fate.The men will be detained by immigration and the women and children will be ...

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln