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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2620


'Chinese economy is wilting under bad bank loans': Experts

By M Rama Rao - Reporting from New Delhi for Asian Tribune

Structural weaknesses in Chinese economy? This question has come up front suddenly as latest studies by economic think tanks and strategic analysts say 'Chinese economy is not healthy'. This must come as a surprise to all those from Kerala to Bengal impressed by China's growth story. Till now the perception in the West is 'underneath it all, China is sound'. It is bound change. New studies point out that the Chinese banks remain 'acutely vulnerable to an economic slowdown'.

Minister Douglas Devananda meets the displaced people of Allapiddy

Secretary General of the Eelam People’s Democratic Party and Social Services and Social Welfare Minister, K.N. Douglas Devananda met the displaced people of Allapiddy in person at Our Lady of Refuge Church in Jaffna and St. Nicholas Church in Navanthurai between yesterday and listened to their grievances. During this meeting the people had spoken from their hearts and told the Minister, if their security is assured then they were willing to go back to their homes in the islet.

Burmese Government released human rights defender Su Su Nway

Ma Su Su Nway who was given 18 months imprisonment was released on 06 June from Insein prison. According Assistance Association for Political Prisoners (Burma), an organizations that monitors the welfare of the political prisoners languishing in the notorious Burmese prisons, “Ma Su Su Nway's release was due to the pressure of the International Labor Organization. In order for the rest of the political prisoners to be released, we need more pressure from the United Nations, especially from the Security Council.”

Unveiling of Divisional Livelihood Development Plans in the South of Sri Lanka

Sunil C. Perera - Reporting from Colombo

The Livelihood Division of the Reconstruction and Development Agency (RADA) with support from the International Labour Organization (ILO) has facilitated the launch of four Divisional Livelihood Development Plans (DLDPs) in Hambantota. The four DLDPs are a part of thirty five development plans, which are to be launched in the tsunami affected divisions to restore livelihoods and expedite development among the Tsunami affected communities, RADA's Director Livelihood, Kaushal Rajapaksa said.

President briefed on need for Animal Welfare Authority

By Janaka Perera – Asian Tribune

The Law Commission has handed over to President Mahinda Rajapaksa a draft Bill on establishing an Animal Welfare Authority in Sri Lanka. The Bill – result of a six-year effort - proposes revolutionary legislation to replace the 98-year-old archaic law Prevention of Cruelty to Animals (Ordinance, No. 13, 1907) introduced during the British colonial period to prevent cruelty to animals. Architect of the bill, Attorney at Law Senaka Weeraratne said that if the new proposed legislation becomes law it would serve a model for the rest of Asia.

Sri Lanka to launch survey on a study on unknown gem deposits

Sunil C. Perera - Reporting from Colombo

The Gem and Jewellery Research and Training Institute [GJRTI] plans to explore and evaluate exploitation possibilities of gem minerals deposits in Sri Lanka. Chairman of GJRTI Asoka Jayawardana says the GJRTI has planned to study on unknown valuable mineral deposits and the study would investigate and prepare a detailed inventory of the gem occurrences in the country with sufficient data guide development of investment profiles.

Hilfswerk Austria on tourism development in Sri Lankla

By Quintus Perera – Asian Tribune

Hilfswerk Austria, a non-profit, cross-denominational and non-party organization provides international humanitarian aid for victims of war and environmental disasters and long term development assistance in 32 countries. The organization is affiliated with Osterreichishes Hilfswerk (Austrian Welfare Organization) with the basic idea of ‘Meeting Austria’, provides sustainable support to people in need for many years in a professional and unbureaucratic manner and directly onsite.

UNDP assists tsunami affected fishermen in North-East Sri Lanka

Two Flake Ice Plants and a Seafood Collecting Centre were opened June 1, 2006 in the north-eastern district of Mullaitivu. The ice plants and collection centre were provided through the Japanese-funded Recovery of the Fisheries Sector project being implemented by UNDP.

Selection puzzles

By Ramu sharma - Syndicate Features

Kiran More certainly has a lot to explain about the ham handed way in which the team for the Test matches against the West Indies has been finalized. Selectors do make mistakes and Kiran More and his team are no exception. But perhaps it is the string of successes, but More and his co-selectors have shown very little wisdom in their choice of some of the players.

BoC to support CPC with syndicated credit facility

By Ashwin Hemmathagama - Financial Correspondent

Bank of Ceylon (BoC) has called quotations for a syndicated credit facility for US $ 250 million from foreign financial institutions. According to industry sources, this syndicated financial credit facility will be utilized in shouldering the heavy oil import bills of the Ceylon Petroleum Corporation (CPC). “This special facility will be used to settle the excessive oil import bills of the Ceylon Petroleum Corporation during the next few months,” the source said.

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