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Archive for ‘April, 2009’

US Believes Brunei An Ideal Place To Stop Dark Trade

By Azaraimy HH Bandar Seri Begawan – In A country with little dissent in regards to counterfeit or knock-off items, the US embassy in Brunei believes more should be done here. In fact, Mr John W McIntyre, Deputy Chief of Mission at the US embassy said that Brunei is in a perfect condition; a wealthy .

March On Infrastructure Devt With 2035 Vision

By James Kon Bandar Seri Begawan – The Public Works Department is set to play a vital role in realising Brunei’s Vision 2035 of a civilised, knowledgeable and highly skilled society with a dynamic and sustainable economy, as well as high quality standard of living. This year, the Public Works Department under the Ministry of .

19 teams battle for tug of war title

Jason Thomas BANDAR SERI BEGAWAN NINETEEN tug-of-war teams from across the country are fighting it out to be champions of the National Inter-District Traditional Tug-of-War Championships at the Jerudong Primary School field. The two-day competition, which started yesterday, saw 57 matches contested, with the final slated for tomorrow. Fourty-four of the contests were held in .

M’sia urged to further relax bumi policy

MALAYSIAN opposition lawmakers and lawyers yesterday called for wider reforms of a mandatory ethnic Malay ownership rule, after the government relaxed the decades-old affirmative action program. Prime Minister Najib Razak announced on Wednesday the government has scrapped a 30-per cent Malay ownership requirement for investment in some service sectors to help boost the country’s flagging .

German business survey, Ford boost stocks

LONDON WORLD stocks and the euro rose yesterday after better-than-expected Ford Motor results and an upbeat key German corporate sentiment survey, while disappointing UK growth data knocked sterling. Ford posted a smaller-than-expected first-quarter loss, saying it was on track to at least break-even in 2011 and did not expect to seek US government loans. US .

China unveils pot of gold reserves

SHANGHAI/BEIJING CHINA revealed yesterday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been buying. Hu Xiaolian, head of the State Administration of Foreign Exchange (Safe), told Xinhua news agency in an interview that the country’s reserves had risen .

Financial crisis deepens with bleak data from Europe, Japan

LONDON BRITAIN’S recession deepened yesterday and Japanese banking giant Nomura posted a record loss as world finance chiefs gathered in Washington to hash out plans for rescuing the global economy. In Britain, the government’s hopes of a quick recovery starting this year were thrown into doubt after figures showed the economy shrank at its fastest .

Finance chiefs to draw up crisis response

WASHINGTON THE finance chiefs of the Group of 20 rich and developing countries were scheduled to meet yesterday to try to fine-tune their responses to the global economic crisis after their crunch summit in London. The meeting will be preceded by that of the finance ministers and central bank governors of the Group of Seven, .

Journalists to be tried in N Korea

SEOUL NORTH KOREA will put two US journalists arrested last month on its border with China on trial to face criminal charge, further ratcheting up tensions since its rocket launch on April 5. The announcement comes as Russia’s Foreign Minister Sergei Lavrov wrapped up a visit to the North’s capital, trying to press Pyongyang not .

Thai leader lifts emergency; new ‘Red Shirt’ rally today

THAI Premier Abhisit Vejjajiva yesterday lifted a state of emergency imposed in Bangkok amid violent protests, but said troops would stay on the streets to boost international confidence in the country. Abhisit said he had ended 12 days of emergency rule both to foster reconciliation with supporters of ousted former leader Thaksin Shinawatra and also .


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