Category: Other
James Finlays ups capacity at its tea bagging plant
July 11 (LBO) – James Finlays has upped capacity at its tea factory, turning out bio-degradable tea bags to break into new markets in the United States and Europe. Finlays is about the sixth largest tea bag exporter in the country and the largest exporter to Japan, producing 1.5 million tea bags a day. With three […]
Illegal Stay
LONDON, July 12, 2006 (AFP) – The British government announced Wednesday it had ruled out the possibility of an anmesty for immigrants who are in the kingdom illegally, in a review of immigration procedures. “In the end a system that denies full rights to all migrants in the UK is both socially unjust and is […]
IMF proposes emergency liquidity cushion
SINGAPORE, July 11, 2006 (AFP) – The International Monetary Fund (IMF) is proposing an emergency liquidity cushion to help Asian and other emerging economies deal with any financial crises. Takatoshi Kato, the IMF’s deputy managing director, told a seminar in Singapore on Monday that despite the buoyant global economy, precautions must be taken against future […]
Zimbabwe’s churches say they may have answer to economic woes
HARARE, July 9, 2006 (AFP) – Zimbabwe’s churches are rallying to provide what they call a “comprehensive document” they believe could help lift the embattled southern African country from its political and economical muddle.The plan drawn up by the influential Zimbabwe Council of Churches (ZCC) comes in the wake of a recent call by President […]
‘s churches say they may have answer to economic woes
HARARE, July 9, 2006 (AFP) – Zimbabwe’s churches are rallying to provide what they call a “comprehensive document” they believe could help lift the embattled southern African country from its political and economical muddle.The plan drawn up by the influential Zimbabwe Council of Churches (ZCC) comes in the wake of a recent call by President […]
India’s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) – India’s ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked rumours that Prime Minister Manmohan Singh was quitting.“There are no differences, and will never be, between the party and the prime minister. We stand as one,” Singh’s Congress party spokeswoman Jayanti […]
‘s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) – India’s ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked rumours that Prime Minister Manmohan Singh was quitting.“There are no differences, and will never be, between the party and the prime minister. We stand as one,” Singh’s Congress party spokeswoman Jayanti […]
Indian freeze on privatisation shows PM’s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) – India’s move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister Manmohan Singh faces to liberalise the economy, analysts said Friday.Only two weeks after announcing the government would revive asset sales, Singh said Thursday he was putting “on hold” […]
‘s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) – India’s move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister Manmohan Singh faces to liberalise the economy, analysts said Friday.Only two weeks after announcing the government would revive asset sales, Singh said Thursday he was putting “on hold” […]
Bank of Japan to tighten rules on executives’ finances
TOKYO, July 7, 2006 (AFP) – The Bank of Japan said Friday it will ban its executives from investing in most types of financial products following a scandal over its governor’s personal investments.They will be forbidden from trading stocks or investing in private funds, the central bank decided, based on recommendations from an advisory panel. […]
Enabling Code
July 7, 2006 (LBO) – Sri Lanka’s main employers’ body has introduced a code of conduct as part of its efforts at encouraging firms to hire disabled persons.The voluntary code, which contains guidelines to employers for hiring and retaining disabled persons, was launched by the Employers’ Federation of Ceylon (EFC) Thursday. “We at the Federation […]
‘ finances
TOKYO, July 7, 2006 (AFP) – The Bank of Japan said Friday it will ban its executives from investing in most types of financial products following a scandal over its governor’s personal investments.They will be forbidden from trading stocks or investing in private funds, the central bank decided, based on recommendations from an advisory panel. […]