state owned enterprises

Chinese mom fire-bombs water firm for denying son job

August 28th, 2012 - 3:24 pm ICT by IANS
Shanghai, Aug 28 (IANS) Three people were killed and four injured when a woman who was angry with her former water company for not giving her son a job hurled ... Read more...

Posted in World |

Cuba sends former top officials to jail for corruption

August 22nd, 2012 - 12:41 pm ICT by IANS
Havana, Aug 22 (IANS/EFE) Three former deputy industry ministers were among 13 people sentenced to prison for "offenses associated with corruption", Cuban daily Granma said Tuesday.The defendants were convicted by ... Read more...

Posted in World |

China’s slowdown hurts corporate profits

August 19th, 2012 - 2:18 pm ICT by IANS
Beijing, Aug 19 (IANS) China's economic slowdown has impacted corporate profits as profit growth in the country's listed companies largely contracted in the first half of the year, China Daily ... Read more...

Posted in World |

Russia’s policies frighten foreign investors: Ernst & Young

June 15th, 2012 - 12:39 pm ICT by IANS
Moscow, June 15 (IANS/RIA Novosti) Foreign investors see prospects in the Russian market but are frightened away by the country's non-transparent policies, according to a poll by British auditing firm ... Read more...

Posted in Uncategorized |

Pakistani daily wants tough fiscal, tax reforms

April 13th, 2012 - 1:10 pm ICT by IANS
Islamabad, April 13 (IANS) The Pakistani government must implement "tough fiscal and tax reforms, improve governance and revamp the entire state structure simultaneously", said a leading daily as it sought ... Read more...

Posted in Business |

Chinese daily calls for sustained anti-graft efforts

April 11th, 2012 - 2:50 pm ICT by IANS
Beijing, April 11 (IANS) An opinion piece in the People's Daily Wednesday called for confidence in China's fight against corruption despite the fact that it is a "long-term, complex and ... Read more...

Posted in World |

Major Chinese industrial companies’ profits drop

March 27th, 2012 - 4:12 pm ICT by IANS
Beijing, March 27 (IANS) Profits for Chinese chemical producers, automakers and other major industrial companies fell 5.2 percent in the first two months of 2012 from the same period a ... Read more...

Posted in Business |

Pakistan’s economic indicators positive: minister

December 20th, 2011 - 12:43 pm ICT by IANS
Islamabad, Dec 20 (IANS) Pakistan's economic indicators were showing positive results and the government wants to improve the efficiency of state owned enterprises, says Finance Minister Abdul Hafeez Shaikh.Shaikh said ... Read more...

Posted in Business |

Iran central bank deputy head held for embezzlement

October 30th, 2011 - 3:00 am ICT by IANS
Tehran, Oct 30 (IANS) Hamid Pourmohammadi, the deputy head of Iran's central bank, has been arrested for his involvement in a $2.6-billion embezzlement case, Xinhua reported Saturday.Pourmohammadi was arrested along ... Read more...

Posted in World |

Belarus calls off nuclear fuel swap programme with US

August 19th, 2011 - 9:48 pm ICT by IANS
Minsk, Aug 19 (IANS/RIA Novosti) Belarus has suspended a joint programme for exchange of highly enriched nuclear fuel with the US in response to additional economic sanctions imposed by Washington, ... Read more...

Posted in World |

US to expand sanctions against Belarus: Obama

May 28th, 2011 - 5:29 am ICT by IANS
Washington, May 28 (IANS/RIA Novosti) The US is set to expand sanctions against Belarus, US President Barack Obama said in a statment Friday."Consistent with our values and principles, the ... Read more...

Posted in Uncategorized |

China to double workers’ wages in five years

April 19th, 2011 - 5:55 pm ICT by ANI
Beijing, Apr 19 (ANI): China is likely to increase the average wages of workers by 15 percent annually in a bid to achieve a two-fold increase in pay by the end of ... Read more...

Posted in World |

Myanmar to privatise many state-owned properties

February 23rd, 2011 - 3:14 pm ICT by IANS
Yangon, Feb 23 (IANS) Myanmar is gearing up for a major privatisation process. It has announced the auction of many state-owned properties, including land and buildings, across the country.The Privatization Commission has ... Read more...

Posted in Business |

PML-N blasts PPP-led Pak govt over unprecedented corruption and price-hike

November 20th, 2010 - 6:02 pm ICT by ANI
Lahore, Nov 20 (ANI): Unprecedented corruption and the price-hike have become top concerns of the people of Pakistan, and their sufferings have multiplied after the PPP came to power, PML-N spokesman ... Read more...

Posted in South Asia |

Global meet to discuss state-owned firms

November 19th, 2010 - 7:04 pm ICT by IANS
Thiruvananthapuram, Nov 19 (IANS) A two-day international conference on state-owned enterprises and corporate governance will he held here from Dec 10.The event will be a follow up to a similar conference held ... Read more...

Posted in Business |

Psychological health of Chinese officials to be assessed

October 19th, 2010 - 5:44 pm ICT by IANS
Beijing, Oct 19 (IANS) Psychological health assessment will be part of selection criteria while choosing senior government officials and leaders of state-owned enterprises, an official said."The country is undergoing a period of ... Read more...

Posted in Health |

Corruption cases on the rise in China

September 8th, 2010 - 3:18 pm ICT by IANS
Beijing, Sep 8 (IANS) There has been an increase in the number of bribery cases involving government officials in China, a senior official has said. Song Hansong, deputy-director of the Supreme People's Procuratorate ... Read more...

Posted in World |

Dhaka’s new policy to protect `sensitive’ industries

September 7th, 2010 - 1:48 pm ICT by IANS
Dhaka, Sep 7 (IANS) Bangladesh's National Industrial Policy 2010 aims to protect "sensitive, vulnerable industries" while supporting both the public and the private sector. The list of sensitive and vulnerable industries ... Read more...

Posted in Politics |

China woos foreign professionals for state-run firms

August 30th, 2010 - 12:43 pm ICT by IANS
Beijing, Aug 30 (IANS) China is looking for foreign professionals to fill vacant senior-level posts at its state-run companies, a media report said Monday. Some 20 top posts are currently vacant. Positions are ... Read more...

Posted in Business |

New anti-corruption regulation enforced on Chinese officials

July 12th, 2010 - 1:55 pm ICT by ANI
New Delhi, July 12 (ANI): China has issued a new anti-corruption regulation, which would require the 'officials' to report changes in their marital status, the whereabouts of their spouses and children if ... Read more...

Posted in World |

China, Premier Wen vow to crackdown on corrupt officials

March 29th, 2010 - 1:38 pm ICT by ANI
Beijing, Mar. 29 (ANI): China has said that it will step up efforts to crack major corruption cases, especially those with collusion between leading officials and business people.The guidelines specify 52 unacceptable ... Read more...

Posted in World |

Urban-rural income gap widest since China began reforms

March 2nd, 2010 - 1:15 pm ICT by IANS
Beijing, March 2 (IANS) China last year recorded its widest rural-urban income gap since the nation launched its reform policy in 1978 and an expert warned that the gap would "continue to ... Read more...

Posted in Business |

Over 100,000 Chinese officials punished in 2009

January 7th, 2010 - 2:40 pm ICT by IANS
Beijing, Jan 7 (IANS) A total of 106,626 officials across China were penalised for indiscipline last year, an official of Chinese Communist Party said Thursday. About 80 percent of them received punishments by ... Read more...

Posted in World |

International Finance Corp to be chief advisor for Kerala port

November 13th, 2009 - 7:52 pm ICT by IANS
Kochi, Nov 13 (IANS) International Finance Corp (IFC), a member of the World Bank group, will provide advisory services to Kerala for building a greenfield port at Vizhinjam, near state capital Thiruvananthapuram. "We ... Read more...

Posted in Business |

IFC to help modernize Maldives airport

August 19th, 2009 - 4:32 pm ICT by IBNS
Kolkata, Aug 19 (IBNS) International Finance Corporation (IFC), a member of the World Bank Group, will work with the government of Maldives to modernize the Malé airport to improve efficiencies, provide better ... Read more...

Posted in Business |

Divestment to address India’s economic woes: Moody’s

July 16th, 2009 - 2:21 pm ICT by IANS
New Delhi, July 16 (IANS) The government's plan to sell stakes in state-owned enterprises will strengthen its financial position and help address India's many economic woes, says the economic research arm of ... Read more...

Posted in Business |

China tightens noose on govt. officials leaking secret data

June 23rd, 2009 - 1:47 pm ICT by ANI
Beijing, June 23 (ANI): Chinese government officials will soon be required to think twice before connecting their flash-disks loaded with State secrets into unsecured computers, as they are likely to come under ... Read more...

Posted in World |

China tightens norms on share transfers in SOEs

April 16th, 2009 - 11:55 pm ICT by IANS
Beijing, April 16 (Xinhua) China Thursday announced new regulations to tighten share transfers in state-owned enterprises (SOEs) in a bid to stop state assets ending up in private hands. The State-owned Assets Supervision ... Read more...

Posted in Business |

Taj, Trident seek CISF cover

March 7th, 2009 - 9:20 pm ICT by IANS
New Delhi, March 7 (IANS) Mumbai's Taj and Trident hotels, targets of terror attacks in November, are among 51 private sector establishments that have sought the deployment of the Central Industrial Security ... Read more...

Posted in Business |

Big Chinese firms squeeze payroll of top executives

February 1st, 2009 - 12:18 pm ICT by IANS
Beijing, Feb 1 (Xinhua) More Chinese firms are slashing executive pay and having tighter budgets to get through the economic crisis, the State-owned Assets Supervision and Administration Commission of Shanghai has said. ... Read more...

Posted in World |

Chinese shares keep sliding, close with big losses

December 26th, 2008 - 5:37 pm ICT by IANS
Beijing, Dec 26 (Xinhua) Chinese equities failed to reverse the slack run of the past four trading days and ended Friday 0.05 percent lower, creating a record weekly loss of 8.27 percent ... Read more...

Posted in World |

China opts for trade diplomacy with India to restore trust and confidence

October 2nd, 2008 - 2:37 pm ICT by IANS
New Delhi, Oct 2 (IANS) China has opted for trade diplomacy to restore trust and confidence in ties with India.A 70-member business delegation from China, comprising all the major Chinese companies, is ... Read more...

Posted in Sports |

Central undertaking staff to go on strike Wednesday

August 18th, 2008 - 8:02 pm ICT by IANS
New Delhi, Aug 18 (IANS) Public sector employees will go on a strike Wednesday to protest against disinvestments and outsourcing in state-owned enterprises, a state-owned company warned the Bombay Stock Exchange Monday.In ... Read more...

Posted in Uncategorized |

Beijing to adjust working hours for Olympics

July 14th, 2008 - 10:13 pm ICT by IANS
Xinhua Beijing, July 14 (Xinhua) The Beijing municipal government has said that the city's state owned enterprises (SOEs), institutions and social groups should adjust their working hours from July 20 to Sep 20 ... Read more...

Posted in World |

India now party to Israel-US axis: Karat

June 16th, 2008 - 12:01 am ICT by IANS
New Delhi, June 15 (IANS) India has been drawn into the strategic designs of the US, and the Indian government's flourishing defence relations with Israel are a direct result of the paradigm ... Read more...

Posted in Uncategorized |