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Archive for ‘March, 2010’

Man denies stealing $5,000 from boss

A 35-year-old Bangladeshi man, earlier brought to court for allegedly stealing $5,000 from his employer, was in court again yesterday to face an additional charge of giving false information to a police officer. Sumon Shahjahan Miah pleaded not guilty to both charges and his trial will be conducted on June 1, 2, 3, 9 and .

United Asia Fund offers opportunities in fast growing Asia

The United Overseas Bank Asset Management (B) Sdn Bhd launched, in 2009, the United Asia Fund in Brunei Darussalam. The United Asia Fund aims at achieving long-term capital growth mainly through investing in securities of corporations in, or corporations listed or traded on stock exchanges in, or corporations, which derives a significant proportion of their .

DEATH IN CUSTODY TRIAL: Witness retracts statement

After the fourth time asking for adjournment, the first witness in the “Death in Custody” trial got confused with what was meant in giving evidence in court and under oath when he quickly decided to retract his statement that he had seen Ah Hock, the detainee, being assaulted by the police officers, who are defendants .

Fire damages bedroom in Kg Bolkiah A

The Fire and Rescue Department and the police are investigating the cause of a fire that ravaged a house’s bedroom at Kg Bolkiah ‘A’ in Kampong Ayer yesterday morning. Fortunately, a woman, Hjh Aliah bte Hj Besar, 75, who was relocated to the house next door, escaped unhurt during the incident. Another occupant, a 17-year-old .

ADB LENDS $40 MILLION TO BUILD NEW AIRPORT TERMINAL IN ARMENIA

MANILA, March 31 (NNN-ADB) — The Asian Development Bank (ADB) is providing a loan of up to $40 million to help build a new terminal at Zvartnots International Airport in Yerevan, Armenia. The loan marks ADB’s first private-sector infrastructure investment in Armenia and the Caucasus region and comes at a critical time for the Armenian .

ECA: ECONOMIC REPORT CALLS FOR PRIORITISATION OF JOB CREATION IN AFRICA

LILONGWE, March 31 (NNN-ECA/AUC) — African countries must prioritise the creation of decent jobs as a central pillar of macroeconomic policy in order to attain the millennium development goals and eradicate poverty, according to the forthcoming Economic Report on Africa 2010. The report, published annually by the United Nations Economic Commission for Africa and the .

ADB BUYS STAKE IN AFGHANISTAN LPG FIRM

MANILA, March 31 (NNN-ADB) — The Asian Development Bank (ADB) is investing up to $8 million for a 25% stake in Sungas LLC, a recently established liquefied petroleum gas (LPG) distributor in Afghanistan, to help it expand a nationwide storage and distribution network. ADB’s Board of Directors approved the purchase of the preferred shares in .

CHINA AFFIRMS ITS CONCERN FOR SIUTATION IN SUDAN

BEIJING, March 31 (NNN-SUNA) — China has affirmed its concern with Sudanese affairs and developments in the country, especially with regard to solving the Darfur issue and the holding of elections next month. In a statement to SUNA, the Spokesman of the Chinese Foreign Ministry said here Tuesday that the Chinese Special Envoy for Sudan, .

TUNISIAN PM HOLDS TLKA WITH EU COMMISSION FOR NEIGHBOURHOOD POLICY

TUNIS, March 31 (NNN-TAP) — Tunisian Prime Minister Mohamed Ghannouchi held disucssion here Tuesday with the visiting European Commissioner in charge of Enlargement and European Neighbourhood Policy, Stefan Fule. After the meeting, Fule highlighted the importance the European Union (EU) attached to boosting its co-operation with Tunisia as part of its neighbourhood policy, Tunisia being .

ARAB LEAGUE CONTACTS ARAB COUNTRIES TO SUPPORT AL-QUDS RESCUE PLAN

CAIRO, March 31 (NNN-KUNA) — Arab League Secretary-General Amr Moussa has said that the pan-Arab body is in contact with Arab countries to implement the USD 500 million financial support plan to rescue the Al-Quds (Jerusalem). Moussa said in a press statement Tuesday that contacts had begun for the payment of the financial pledges, adding .


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