Category: Other
Intel reveals design for fast, efficient future chips
SAN FRANCISCO, August 4, 2008 (AFP) – Intel on Monday revealed details of a new generation of chips designed for video game lovers, multi-taskers, and people that want power-sipping computers adapted to increasingly mobile lifestyles.The world’s largest chip maker provided a glimpse of “multi-core” computer processing technology codenamed “Larrabee” that it plans to showcase next […]
Australian central bank leaves rates on hold as credit demand slows
SYDNEY, August 5, 2008 (AFP) – Australia’s central bank left interest rates unchanged Tuesday at a 12-year high of 7.25 percent and indicated borrowing costs could fall amid signs of an economic slowdown. “They’re clearly signaling the next move is down,” Oster said. The central bank said it still expected inflation to remain relatively high […]
Bangladesh eyes trade pacts with Sri Lanka, India, Pakistan after Doha collapse
DHAKA, 2008 (AFP) – Bangladesh is pursuing bilateral free trade deals with three neighbouring countries following the collapse of World Trade Organisation (WTO) talks for a global agreement, an official said Monday. If successful, the WTO’s so-called Doha round of talks would have reaped huge financial benefits for Bangladesh, giving the impoverished country a massive […]
Murdoch plans six new Indian regional TV channels
MUMBAI, August 4, 2008 (AFP) – Media mogul Rupert Murdoch on Monday announced plans to launch six new regional television channels in India, where the media is expanding at a frenetic pace.Murdoch has a strong television presence in Asia’s third-largest economy through leading broadcaster Star, a wholly owned subsidiary of the tycoon’s News Corp. “The […]
” to be housed in Bangladesh: Sri Lanka official
Aug 04, 2008 (LBO) – A South Asian ‘food bank’ to counter rising prices and perceived ‘shortages’ would be housed in Bangladesh, a Sri Lankan official said at the conclusion of a meeting of an eight nation regional grouping in Colombo.The food bank will have contributions from each country according to the size of its […]
Scores of Australians duped by Olympic ticket scam: reports
SYDNEY, August 4, 2008 (AFP) – Scores of Australians have been caught in an alleged global scam believed to have conned people worldwide into buying non-existent tickets to the Beijing Olympics, reports said Monday. The Sydney Morning Herald said one Brisbane man had spent 46,000 dollars (42,876 US) for tickets which never arrived while a […]
‘s takeover of Chinese steelmaker on hold: company
BEIJING, August 4, 2008 (AFP) – China Oriental said Monday a takeover of the firm by ArcelorMittal had stalled after Chinese regulators failed to give the green light to the proposed deal in the strategically key steel sector.China’s anti-trust regulator failed to approve the deal for ArcelorMittal to take a stake of more than 70 […]
S Korea unveils plans to become regional oil storage hub
SEOUL, August 4, 2008 (AFP) – South Korea, the world’s fifth largest crude importer, Monday announced plans for a regional oil storage hub to create new business opportunities and ensure energy security.Existing bunker facilities at the southern ports of Yeosu and Ulsan will be expanded to hold a combined 28 million barrels, said the Vice […]
Bhutan offers to host South Asian SAARC fund at Sri Lanka summit
August 3, 2008 (LBO) – The landlocked kingdom of Bhutan offered tax concessions to host a planned South Asia Association of Regional Co-operation (SAARC) development fund, at a meeting of the seven nation grouping’s leaders in Colombo.The SAARC development fund is to have a 300 million dollar initial capital which will be used to fund […]
Bhutan wins bid to host South Asian SAARC fund at Sri Lanka meet
Aug 03, 2008 (LBO) – Bhutan will host the secretariat of a South Asian regional fund that has already collected 307 million dollars in commitments at a summit meeting of regional leaders, Sri Lanka’s foreign minister Rohitha Bogollagama said. But 300 million dollars of seed capital is tiny compared to the capital needs of the […]
Sri Lanka minister says South Asian telecom watchdogs should swiftly cut tariffs
Aug 03, 2008 (LBO) – South Asian telecommunications regulators should quickly move to bring down overseas telephone tariffs, Sri Lanka’s foreign minister Rohitha Bogollagama said at the conclusion of a regional leaders’ meeting.Sri Lanka’s president Mahinda Rajapaksa raised the issue of cheaper call charges during his opening speech at the summit meeting of the South […]
Thousands of workers strike in inflation-battered Vietnam
HANOI, August 3, 2008 (AFP) – Thousands of workers have gone on strike in Vietnam, demanding higher wages to match the rising cost of living after inflation surged 27 percent year-on-year in July, media reported Saturday. Nearly 5,000 labourers downed tools from Friday at the Kingmaker footwear plant in the Vietnam-Singapore industrial zone in southern […]