Search Results for: International business

Keith Nuthall
THE INTERNATIONAL Criminal Court (ICC) has welcomed the conviction of a band of pirates in an Indian court, as a welcome and rare example of a country prosecuting piracy in international waters. Seven-year labour camp sentences were handed down to 14 Indonesian pirates for hijacking the Japanese-owned Alondra Rainbow off Indonesia in October 1999, along with its aluminium ingot cargo.…

BY KEITH NUTHALL
FINANCIAL institutions are increasingly checking the honesty of their potential business partners, claims the International Chamber of Commerce. The number of banks requesting due diligence checks from its Commercial Crime Bureau (CCB) in 2002, went up 51 per cent over the previous year.…

BY KEITH NUTHALL
ROMANIA’S Ministry of Public Works, Transports and Housing has launched a seaworthiness review of all Romanian flagged ships, which it hopes will allow it to provisionally close its European Union accession negotiations regarding transport policy. The inquiry was sparked by the Prestige disaster off Spain and the resulting release of a blacklist by the European Commission of ships that had visited European Union ports with safety defects.…

BY KEITH NUTHALL
JUDGES and jurors across the continent of Europe should in future be protected from corruption by their national governments in all legal cases, under an extension of a Criminal Law Convention on Corruption that has been agreed by the Committee of Ministers of the Council of Europe.…

BY KEITH NUTHALL
THE EUROPEAN Commission has proposed that three Norwegian companies be exempted from the European Union’s (EU) anti-dumping and countervailing duties on farmed Norway salmon, agreeing that they are new exporters untainted by past allegations of dumping. They are Vestmar AS, Gaia Seafood AS and Polar Quality AS.…

BY KEITH NUTHALL
THE GOOD practice of an innovative honey company has been highlighted through its winning a United Nations Development Programme prize for promoting small-scale honey production in Kenya. Honey Care Africa, supported by the World Bank’s International Finance Corporation, has won the US$30,000 Equator Prize.…

BY KEITH NUTHALL
MALAYSIA has been awarded control of part of the Celebes Sea by the International Court of Justice, enabling it to control local oil and gas prospecting. The area surrounds the islands of Pulau Ligitan and Pulau Sipadan, off Borneo, which had also been claimed by Indonesia.…

BY KEITH NUTHALL
THE INTERNATIONAL Civil Aviation Organisation has claimed that September 11 did not significantly dampen demand for air travel last year, releasing air traffic figures pointing to a two per cent rise in increase over 2001 for total and international scheduled traffic in tonne-kilometres.…

BY SWINEETHA DIAS WICKRAMANAYAKA
LANKA IOC Private Ltd. is to create a US$38 million Sri Lankan joint venture with the Ceylon Petroleum Corporation, to take over the corporation’s existing storage assets and the construction and operation of new oil terminals at Muturajawela and Katunayake International Airport.…

BY KEITH NUTHALL
SWITZERLAND has donated US$2.5 million to a new international BioTrade Facilitation Programme funding the development of food exports from under-exploited natural resources in poor countries. The scheme is run by the UN development group UNCTAD and the International Trade Centre.…