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Breaking News Thu, 22 May 2008
Rice
(photo: WN / Janice Sabnal)
P55B needed for rice sufficiency
The Manila Times
By Darwin G. Amojelar, Reporter | THE Philippine government needs at least P55 billion to achieve self-sufficiency in rice by 2010, a government official said. | In the economic managers meeting on Thursday at the Manila Golf Club, Acting Socioeconomic Planning Secretary Augusto Santos said the offi...
Public Bank
(photo: WN)
KL Kepong, Public Bank down at midday
The Star
| KUALA LUMPUR: The market was broadly lower at midday Thursday, with declining stocks beating advancers nearly four to one as blue chips including KL Kepong and Public Bank fell on profit taking. | Nearly all the key Asian indices were in negative territory at midday as sentiment weakened by the ne...
P55B needed for rice sufficiency
The Manila Times
By Darwin G. Amojelar, Reporter | THE Philippine government needs at least P55 billion to achieve self-sufficiency in rice by 2010, a government official said. | In the economic managers meeting on Thursday at the Manila Golf Club, Acting Socioeconom...
Chartwell founders Graeme Hoy and Ian Rau face action
The Australian
| THE two directors behind the Chartwell Enterprises collapse will be hit with legal action, including possible bankruptcy action, in a bid to have them repay more than $3 million in company "loans" used for home renovations, a spouse's car and signi...
Lenovo posts higher sales, profit
Business Journal
> | Sales and profit at PC maker Lenovo spiked in the quarter ended March 31, fueled by growth in emerging markets. | Lenovo, which sells its stock in Hong Kong but has headquarters in Morrisville, said it earned $140 million, or $1.44 per diluted sh...
Q1 2008 W. P. Carey & Co. LLC Earnings Conference Call - Final
Insurance Newsnet
OPERATOR: Greetings and welcome to the W. P. Carey & Co. first quarter 2008 earnings conference call. At this time, all participants are on a listen-only mode. A brief question-and-answer session will follow the formal presentation. (OPERATOR INS...
DLPC - Electricity - Power Supply - Davao City - Philippines
WN / Janice Sabnal
Aboitiz Power unit eyes add'l financing
The Manila Times
| AFTER inking a long-term deal with lenders for a hydroelectric power plant project, Aboitiz Power's (AP) hydro unit expects to close the project financing for another proposed fa...
 Morgan Stanley´s office on Times Square - bank - us - am1
public domain
Morgan Stanley Lays Off Hong Kong Bankers
Business Week
| Morgan Stanley has let go of two of its leveraged finance bankers in Asia as part of a global round of job cuts that will reduce the bank's headcount by 5%. | A Hong Kong-based s...
Solar panels are shown on the roof of the California Academy of Sciences with the DeYoung Museum and Golden Gate Park in the background in San Francisco, Thursday, June 7, 2007. Set to open next year, the new home of the California Academy of Sciences in Golden Gate Park is being billed as the world's greenest museum. Built with recycled materials, powered by sunlight and covered with a "living roof" of native plants, academy officials hope the science education center will become a model for sustainable building for the next generation of museums. (AP Photo/Eric Risberg)hg3
AP Photo / Eric Risberg
WorldWater lands two Californian solar projects
Energy Current
5/21/2008 | POWAY, CALIFORNIA: WorldWater & Solar Technologies Corp., a developer and marketer of proprietary high-power solar systems, was awarded two new solar contracts in C...
Gunns pulp mill dead, say Greens
The Australian
| PLANS for Tasmania's controversial $2 billion pulp mill are dead, say the Greens, following reports the ANZ bank will pull out of funding the project. | ANZ said today it had not yet made a decision on whether to finance the Tamar Valley project pl...
Petrol at $1.70 'in a fortnight'
The Australian
| PETROL prices have been forecast to soon hit $1.70 a litre, putting further pressure on the Federal Government to act. | The weekly price cycle in capital cities today saw the unleaded price come off record highs of more than $1.62 per litre yester...
Total assets of Chinese insurers surpass $436 billion
China Daily
(Xinhua) | Updated: 2008-05-22 15:01 | The total assets of Chinese insurance companies reached 3.03 trillion yuan ($436.4 billion) by the end of April this year, said Thursday's Shanghai Securities News, citing latest statistics from the China Insura...
IMF News
A man eating food on the roadside food stall in Kolkata in Eastern India
(photo: WN / Bhaskar Mallick)
Food crisis? What food crisis?
Khaleej Times
| FINALLY, a voice from the UN is saying something sensible about the world food crisis. John Holmes, the UN's humanitarian aid chief, is asking UN agencies to cool some of their dire rhetoric about the impact of high food prices. | By the yardstick of the last big food crisis in 1974, that had US Secretary of State Henry Kissinger running to an em...
Debt
Poverty - Philippines
(photo: WN / Janice Sabnal)
West urged to cancel $400bn of poor countries' debt
Mail Guardian South Africa
A further $400-billion of debt relief for the world's poorest countries is needed despite a decade of progress, the Jubilee Debt Campaign warns on Friday. | The group's latest report calls on the G8, World Bank and International Monetary Fund to cancel $400-billionn of debt, which it says is "unpayable" and an obstacle to the battle against global ...
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