Category: Other
Bald Spot
June 19, 2006 (LBO) – A new securities law giving legal muscle to companies who raise debt by securitising the assets are likely to come through this year as part of a government lending agreement with the Asian Development Bank. Securitisation process which uses future cashflows to back a debt instrument, has been carried out […]
How the UN’s new Human Rights Council works
GENEVA, June 19, 2006 (AFP) – The new UN Human Rights Council, which started its first-ever session here Monday, is made up of 47 nations who pledged before they were elected to respect international human rights standards.The body aims to be more effective than the widely-criticised UN Commission on Human Rights, which was disolved in […]
Namunukula Plantations sub-leases estates for a tea bottling project
June 15 (LBO) – Namunukula Plantations said Thursday that it had subleased its Uva range of estates to Tusker Bottling Company for 50 million rupees.With the sub-lease, TBCL also took over borrowings of 350 million rupees from Namunukula, the company said in a statement to the Colombo Stock Exchange.The up-country estates were handed over to […]
” for online selling tips
SAN FRANCISCO, June 13, 2006 (AFP) – Using a technology once the domain of nerds, US auction website eBay is collecting the wisdom of millions of users in a how-to guide for buying and selling online. Any of eBay’s estimated 185 million users can contribute insights to an eBay “wiki,” a website that allows visitors […]
Paris Club at 50 faces era of new wealthy nations
PARIS, June 14, 2006 (AFP) – The Paris Club of the world’s richest lending nations marks its golden anniversary Wednesday, facing questions over its role in a new era of growing wealth in many debtor nations.Created in 1956 during a meeting in Paris of creditor nations for Argentina, the 19 Paris Club members, covering the […]
” to nursery rhymes
NEW DELHI, June 14, 2006 (AFP) – An Indian state has decided to drop popular nursery rhymes like “Twinkle, Twinkle, Little Star” and “Baa Baa Black Sheep” from text books for first-graders for being too Western, reports said Wednesday.“We want our children to have value education in local color,” newspapers reported Narottam Mishra, minister of […]
Web auctioneer eBay adds ‘wiki’ for online selling tips
SAN FRANCISCO, June 13, 2006 (AFP) – Using a technology once the domain of nerds, US auction website eBay is collecting the wisdom of millions of users in a how-to guide for buying and selling online. Any of eBay’s estimated 185 million users can contribute insights to an eBay “wiki,” a website that allows visitors […]
Indian state says ‘no sir’ to nursery rhymes
NEW DELHI, June 14, 2006 (AFP) – An Indian state has decided to drop popular nursery rhymes like “Twinkle, Twinkle, Little Star” and “Baa Baa Black Sheep” from text books for first-graders for being too Western, reports said Wednesday.“We want our children to have value education in local color,” newspapers reported Narottam Mishra, minister of […]
Gulf bloggers: a new breed of Arab activists
DUBAI, June 14, 2006 (AFP) – Internet blogs are giving rise to a new breed of Arab activist as ordinary residents increasingly use them to press for more political rights and civil liberties in conservative Gulf states. Typical was a recent posting by a 33-year-old Saudi man. “Are we destined to just listen to the […]
PwC sets up new firm in Japan following its partner’s scandal
TOKYO, June 13, 2006 (AFP) – International accounting giant PricewaterhouseCoopers set up a new firm in Japan on Tuesday after its Japanese partner came under fire over financial fraud.PricewaterhouseCoopers Arata will begin operations from July 1 to service both domestic and international companies in Japan, the US-based company said in a statement. The establishment came […]
Strike against higher fuel prices halts transport across India
NEW DELHI, June 13, 2006 (AFP) – Trucks, buses and some train services were halted Tuesday as part of a nationwide one-day strike against the government’s hike last week in fuel prices, reports said.In the capital New Delhi, hundreds of protesters waved placards and shouted slogans near the parliament while others burnt an effigy of […]
‘s scandal
TOKYO, June 13, 2006 (AFP) – International accounting giant PricewaterhouseCoopers set up a new firm in Japan on Tuesday after its Japanese partner came under fire over financial fraud.PricewaterhouseCoopers Arata will begin operations from July 1 to service both domestic and international companies in Japan, the US-based company said in a statement. The establishment came […]