Category: Other
Sri Lanka offers state land to agribusiness in profit sharing deal
July 21, 2007 (LBO) – The Sri Lanka is ready to give free land to agribusiness companies for cultivation on a profit sharing basis, a government minister said Friday. Minister of Agriculture Hemakumara Nanayakkara said the government was keen to meet the long-standing request by agribusiness for land from the government. State Land “The private […]
Asia overtaking US as biggest auto market: GM
CHICAGO, July 19, 2007 (AFP) – Asia is overtaking the United States as the largest market for auto sales, but the US will remain the more lucrative market for the next decade, a senior executive at General Motors said Thursday. Overall industry sales in the Asia Pacific region are expected to surpass North America for […]
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WASHINGTON, July 19, 2007 (AFP) – The International Monetary Fund is revising its economic growth forecasts amid a “global boom,” the IMF chief economist said Thursday, suggesting a bump up in official estimates. “We were criticized for being optimistic at the time of our spring forecast,” Simon Johnson told reporters, referring to an IMF April […]
Thailand to push Baht down
BANGKOK, July 20, 2007 (AFP) – The Thai prime minister on Friday agreed on new measures aimed at curbing the baht’s rise, while the central bank governor insisted the country would not return to a fixed exchange rate system.“My government has a clear stance that we want to stablise the currency,” army-installed Prime Minister Surayud […]
New revelations of gruesome India girl killings
NEW DELHI, July 19, 2007 (AFP) – India’s unwanted baby girls have been drowned in milk, burned alive in sealed mud pots or fed milk laced with poisonous seeds, but these days it is much easier to kill them in the womb.These are some of the chilling anecdotes in a new book on how a […]
China private airline gets first nod for international routes
SHANGHAI, July 18, 2007 (AFP) – China’s East Star Airline said Wednesday it had won approval to fly overseas, the first private carrier to do so, as part of efforts to loosen the nation’s strictly controlled civil aviation sector.The airline based in central China said in a statement that it gained approval from aviation regulators […]
Maldives wants new airports for resort islands
July 18, 2007 (AFP) – Maldives is seeking international investors to help build ten regional airports as part of a plan to develop nearly three dozen resort islands, a minister said on Wednesday. “We plan to build 10 domestic airports packaged with tourist resorts, to make it economically feasible to investors.The tenders will go out […]
Money printing Zimbabwe tightens price controls worsening food shortages
HARARE, July 17, 2007 (AFP) – Zimbabwe’s government was set to intensify its pricing crackdown, despite being condemned by the White House on Tuesday as a reckless move that would further fuel inflation and exacerbate food shortages.Nathan Shamuyarira, ZANU-PF’s secretary for information and publicity, said a meeting of the party’s politburo on Monday, chaired by […]
Top Posts
July 18, 2007 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has appointed the head of its legal division as its new deputy director general, the regulator said Wednesday. Marina Fernando, who joined the SEC in 2003 was its Director, Legal and Enforcement. “As Deputy Director General, she will oversee matter pertaining to the […]
Bangladesh ex-PMs ordered to explain wealth
DHAKA, July 17, 2007 (AFP) – Bangladesh’s army-backed emergency government on Tuesday ordered two former prime ministers to submit details of their financial affairs as part of its corruption crackdown, an official said.Khaleda Zia and Sheikh Hasina Wajed, who was arrested and detained over extortion allegations Monday, have each been asked to provide the information […]
Market Offence
July 16, 2007 (LBO) – A Sri Lankan court has convicted four executive directors of a listed company that went bust some years ago for not revealing information that affected the firm’s share price. The present SEC administration has made it clear that it would not allow compounding of offences with the provision that it […]
Another Deadline
RIYADH, July 17, 2007 (AFP) – An appeal for a teenage Sri Lankan housemaid sentenced to death in Saudi Arabia for murdering a four-month-old baby has been launched, her lawyer said on Tuesday. Rizana Nafeek, 19, was convicted of strangling her employer’s baby in the ultra-conservative Muslim kingdom in February 2005 in a case that […]