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Australian PM congratulates Joko Widodo on Indonesia win SYDNEY: Australian Prime Minister Tony Abbott on Wednesday said he was looking forward to working closely with Joko Widodo after the governor of Jakarta won the Indonesian presidential election.Abbott said the relationship with neighbour Indonesia, with whom ties were strained last year due to a spying allegations, was "extraordinarily important to us"."The Australian government is looking forward to working closely with him," Abbott stated of the reform-minded governor who won a tight race against ex-general Prabowo Subianto.Ties between Canberra and Jakarta sunk to their lowest point for years in November after reports that Australian spies tried to tap the phones of President Susilo Bambang Yudhoyono and his inner circle. Jakarta called the actions "mind-boggling", and temporarily recalled its ambassador from Canberra while suspending cooperation in several areas. This included people-smuggling -- a sensitive issue between the nations, with Jakarta unhappy over Australia's military-led operation to stem the flow of boatpeople, ...

MH17 has strong echoes of 1983 Korean tragedy SEOUL: The downing of a Malaysian airliner over Ukraine has stirred memories of a 1983 incident when a Korean passenger jet was shot down by Soviet fighters in what then US president Ronald Reagan called a mid-air "massacre".As with the Malaysian plane, the loss of life was total, with all 269 passengers and crew aboard Korean Air Lines Flight 007 perishing when the stricken aircraft plunged into the Sea of Japan.The similarities between the two ...
'Industrial scale' tampering of evidence at MH17 site: Australia SYDNEY: Evidence had been tampered with on an "industrial scale" at the crash site of Malaysia Airlines Flight MH17, Australian Prime Minister Tony Abbott said Tuesday, calling it "a cover-up".Abbott, whose government was behind a UN Security Council resolution that Monday unanimously demanded full access to the site in rebel-held east Ukraine, admitted progress had been made but said more needed to be done."There is still a long, long way to go," he told a ...
South Korea police find body of fugitive ferry owner SEOUL: South Korean police said on Tuesday they had found the body of the fugitive business tycoon who headed the family operating the Sewol ferry which sank in April with the loss of around 300 lives.Yoo Byung-Eun had been the target of an unprecedented, months-long manhunt involving tens of thousands of police officers and army troops who set up checkpoints on roads and at ports, and raided a number of properties linked to the reclusive ...
Australian watchdog warns of MH17 scams SYDNEY: Australia's consumer watchdog has warned people to be wary of scams seeking to take advantage of the Malaysia Airlines MH17 tragedy, saying false Facebook profiles had already been set up.In an attempt to make money from the tragedy of the jet which was apparently shot down over Ukraine, killing all 298 on board, fake social media profiles of some Australian victims had been created, the Australian Competition and Consumer Commission said. "The profiles direct ...
Widodo set to be declared winner of Indonesia presidential poll JAKARTA: Jakarta governor Joko Widodo is expected Tuesday to be declared the winner of Indonesia's tightest presidential election since the end of authoritarian rule, after his opponent ex-general Prabowo Subianto accused him of cheating.More than 250,000 police officers were on duty across the world's third-biggest democracy for the announcement of the results two weeks after the bitterly-fought poll, in which both candidates declared victory.Voters faced a stark choice between Widodo, from a new breed of ...
Body of fugitive South Korea ferry tycoon 'found by police': report SEOUL: South Korean police believe they have found the body of a fugitive business tycoon wanted after the Sewol ferry sank in April killing hundreds, a report said on Tuesday.A massive manhunt had been launched for billionaire Yoo Byung-eun, a 73-year-old patriarch whose family own ferry operator Chonghaejin Marine Co. He went on the run shortly after the vessel sank killing over 300, most of them school children. A heavily decomposed body found last month ...

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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 05, 2015
Reserves $18.349 bln