PYONGYANG -- The Democratic People's Republic of Korea (DPRK) Tuesday confirmed it successfully test fired another ballistic missile on Monday, the third in one month, according to official Korean Central News Agency (KCNA). The report said the missile was a medium-range rocket launched from a mobile pad vehicle "through a precision control guidance system." DPRK supreme leader Kim Jong-un guided the test fire, said the report. The test-fire was aimed at "verifying the technological indices of the new-type precision guided ballistic rocket capable of making ultra-precision strike on the enemies' objects at any area," according to the report. A new caterpillar pad vehicle carrying the missile was also tested this time in the launch after it joined a military parade last month for the first time. "The ballistic rocket flew toward the east sky where the day broke and correctly hit a planned target point with deviation of seven meters after flying over the middle shooting range," said the KCNA. The Republic of Korea and US media reports said the missile was a "Scud" missile, capable of hitting targets 500 km away and it fell into the Sea of Japan after flying six minutes. DPRK successfully test fired a long, medium-range ballistic missile capable of hitting targets 4,500 km away for the first time two weeks ago. Another medium-range ballistic missile was also test fired with success last week. fabric wristbands
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HONG KONG - Hong Kong saw the value of total exports of goods in February up 1.7 percent from the same period last year and the value of imports of goods down 3.2 percent, statistics showed on Tuesday.As the trade flows in January and February of each year tend to show considerable volatilities due to difference in timing of the Lunar New Year holidays, it is useful to analyze the trade figures of the two months together, according to the Census and Statistics Departments of the government of China's Hong Kong Special Administrative Region.Taking January and February as a whole to neutralize the distortion caused by the difference in timing of the Lunar New Year holidays, the value of total exports of goods gained by 10.7 percent year on year. The value of imports of goods rose by 10.5 percent. A visible trade deficit of HK$74.4 billion, equivalent to 11.1 percent of the value of imports of goods, was recorded in the first two months.In February, the value of total exports of goods rose by 1.7 percent over a year earlier to HK$245.7 billion, after a year-on-year increase of 18.1 percent in January. The value of imports of goods shrank by 3.2 percent over a year earlier to HK$288.5 billion in February, after a year-on-year rise of 23.8 percent in January. A visible trade deficit of HK$42.7 billion, equivalent to 14.8 percent of the value of imports of goods, was recorded.A government spokesman said external merchandise trade performed well in the beginning of this year amid the solid expansion of the global economy.Taking the first two months together, the value of merchandise exports picked up to show double-digit growth over a year earlier, with major markets generally registering notable gains, the spokesman said.
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