During the year under review the company has been able to register impressive growth in sales which are record highest of its career. However, intense competition in the export market and rising cost has drastically lowered its profit since the last three
During the year under review the company has been able to register impressive growth in sales which are record highest of its career. However, intense competition in the export market and rising cost has drastically lowered its profit since the last three
Seven percent of Internet users account for more than one-third of the traffic at Web sites, calling into question a popular form of audience measurement, a major study to be published on April 16 finds.
British scientists are planning to see whether a Star Trek-style deflector shield could be built to protect astronauts from radiation, BBC reported on April 19. They argue that magnetic shields could be deployed around spacecraft and on the surfaces of pl
Google moved to reassure broadcasters on April 16 that the Internet company was not encroaching on their turf after announcing two major deals that widen its scope in the advertising industry. "Google is a new phenomena. It does not replace radio and tele
Microsoft is offering a low-cost, scaled-down version of its student software in developing countries to help billions of poor people access computer technology, the company said April 19.
Microsoft Corp and Samsung Electronics Company announced a deal on April 19 to share patented technologies. The Redmond, Washington, software giant and the South Korea-based electronics titan have a "broad patent cross-licensing agreement" that they say w
Microsoft plans to set up a multi-million-dollar joint research and development centre in Beijing with China's leading computer maker Lenovo, the Chinese company said on April 18.
Most youth crime in China can be blamed on negative influences from violent or pornographic Web sites, a police spokesman said on April 19, justifying the country's latest crackdown on the Internet.
China Network Communications Group Corp has opened its first business base in Japan to allow Internet providers to use its communications lines linking the two countries, a newspaper said on April 15.
Malaysia has banned mobile phones and handheld computers in high-security areas of government offices to prevent spying, a report said on April 16. Chief Security Officer Johari Jamaluddin said no breaches had yet been detected but the prevalence of elect
British broadcaster BBC is spearheading the push into multi-screen entertainment taking shape around the world with a raft of projects to soothe viewers' red-hot itch for more on-demand services. The aim is to give viewers access not only to the BBC's cur
Advertisements on mobile telephones in Japan are set to triple by 2011, outpacing growth of advertising on the Internet, according to a study. By comparison, Japan's market for non-mobile Internet advertisements is expected to grow from 231 billion yen to
MySpace launched a news service on April 19 that lets members of the popular social-networking website decide which stories bouncing about the Internet are most deserving of attention.
Japanese technology giant Toshiba Corp said on April 16 that it had decided to exit the film and DVD production and distribution business with the sale of its subsidiary Toshiba Entertainment Inc.
While investors were tough on Yahoo's stock on April 18, the Internet giant announced it will go easy on the planet by going carbon neutral. The Sunnyvale, California-based online search engine will offset greenhouse gas emissions resulting from its energ
Millions of South Koreans can get access to the Encyclopaedia Britannica through their mobile phones from April 17, the leading operator said here. SK Telecom said its 20 million-odd subscribers were now able to consult the prestigious encyclopaedia on th
If you disclose environmental, social or full sustainability information about your organisation we invite you to participate in ACCA-WWF Pakistan Environmental Reporting Awards.
For more than four decades in over 90 countries around the world, WWF has worked for conversation of nature and ecological processes, through the concept of sustainable development. WWF defines this as a series of processes which are economical viable, so
The combination of ACCA's work in improving the accountability and transparency of business and the success of the UK awards in communicating these values to organisations has led a number of national ACCA offices to set up award schemes of their own.
ACCA (the Association of Chartered Certified Accountants) is the largest and fastest growing global professional accountancy body with 296,000 students and 115,000 members in 170 countries.
At the Judges meeting to decide the 2006 winners, the judges evaluated the reports in the light of the criteria of completeness, credibility and communication. The work of the Judges was facilitated by the preliminary evaluation and short-listing of the r
Created in 1948 in Fontainebleau (France), the World Conservation Union (IUCN) is the world's leading environmental organisation. Its role is to convene, mobilise, and empower organisations and people to better integrate conservation into economic and soc
ACCA has promoted greater transparency in the reporting of organisations' social and environmental impacts for over fifteen years. ACCA is involved in reporting awards in more than 20 countries in Europe, Africa, North America/Canada and the Asia Pacific
Pakistan Environmental Reporting Awards (PERA) journey has come along six years now and in this time frame the scheme has not only increased environmental awareness in the corporate sector but has also improved environmental performance of companies and i
Companies today are under increasing pressure from a variety of sources to be more transparent about the extent of their compliance with environmental and social responsibility laws and regulations, and about their environmental and social impacts and per
The Philippines will change its fiscal targets for 2009 and 2010 to a balanced budget compared to the previous aim of a budget surplus so that it can spend more on infrastructure, Finance Under-secretary Gil Beltran said.
A radical Australian government plan to cut water to drought-hit farmers risks turning the nation's food basket into a dust bowl and will hobble national economic growth, according to experts. Prime Minister John Howard announced last week that the "unpre
New Zealand and India are to explore the prospects of a free trade pact while acknowledging there are "significant obstacles" ahead, New Zealand Trade Minister Phil Goff said Sunday. The announcement came following talks here with his Indian counterpart K
India's rupee is showing new muscle as it scales nine-year highs against the dollar, alarming exporters who sell most of their goods to the United States. India's Federation of Indian Export Organisations says the appreciation of the rupee has "severely e
India should increase its offered price to secure a major contract for liquefied natural gas (LNG) deliveries signed two years ago, a senior Iranian oil official was quoted as saying on Sunday.
After two days of talks, EU Health Commissioner Markos Kyprianou and Russian Agriculture Minister Alexei Gordeyev failed to broker a deal on Sunday that would see Moscow to lift its embargo on Polish meat and plant products.
With the world's eyes focused on its nuclear programme, economists and lawmakers have sounded alarm bells over inflation in Iran after a conspicuous surge in prices in recent months.
US efforts to force Iran to change its behaviour have expanded beyond the White House to Main Street and threaten the broadest financial disinvestment campaign since South African apartheid ended.
Bangladesh's exports in February rose 19.1 percent from a year earlier to $979.23 million, helped by rising demand for clothing, Export Promotion Bureau officials said on Sunday. From July to February, the first eight months of the 2006/07 fiscal year, ex
A boycott by top Moscow officials cast a cloud over the opening Sunday of a showcase event for Russian businesses. The blow fell after a Russian press report suggested that the Kremlin ordered the no-show because of increasing strains between Moscow and L
China's banking regulator urged commercial banks Sunday to implement the central government's macro-control measures after the economy boomed at an 11.1 percent clip in the first quarter of 2007.
Yemeni President Ali Abdullah Saleh vowed on Sunday to knock down obstacles to foreign investment in his impoverished country, saying he wanted to emulate the booming Gulf emirate of Dubai. "The door of investment in Yemen is open to all investors.
India's sports minister said he was relieved his country failed in its bid to host the 2014 Asian Games last week. "My guess is by not hosting the Asian Games we probably saved ourselves something of the order of INR 5000 crores (approximately $1.2 billio
Sunil Gavaskar has blamed former India coach Greg Chappell for the team's downfall and questioned the logic of the board offering him the post of consultant of the National Cricket Academy.
West Indies captain Brian Lara's farewell to international cricket was spoilt by a run out and a thrilling one-wicket defeat by England in the final World Cup Super Eights match on Saturday.
Rafael Nadal extended his all-time clay winning streak to 67 straight matches on Sunday as he beat Roger Federer 6-4, 6-4 to a third consecutive title at the Monte Carlo Masters. The Spanish world number two reinforced his title as king of clay in one hou
Pakistan batsman Younis Khan, who rejected an offer to captain the national team this month, was not named in a list of probables for a one-day series against Sri Lanka in Abu Dhabi. New chief selector Salahuddin Ahmed said Younis has still to confirm his
Sri Lankan sports stars are rallying behind the national team competing for the cricket World Cup in the West Indies with a mass gathering set for Monday.
Who or what can stop Australia? Viv Richards, the celebrated master blaster, stopped to consider. "Salmonella poisoning," he concluded. Richards, speaking in his native Antigua during the World Cup Super Eights, went on to say some flattering words about
Former England coach Duncan Fletcher believes he still has plenty to offer despite the World Cup disappointment. Fletcher resigned after eight years in charge following the team's failure to reach the World Cup semi-finals and has since been replaced by P
West Indies batting genius Brian Lara may have smashed records but his dream remains unfulfilled. The stylish left-hander always wanted to make the West Indies a dominant force in international cricket, but was disappointed with the team's performances in
Kenyan Martin Lel won the men's London marathon on Sunday finishing in 2hrs 7min 41sec to beat Moroccan Abderrahim Goumri into second with another Kenyan Felix Limo third. The big surprise, though, was the abandonment of Ethiopian legend Haile Gebrselassi
Mother Nature has always ensured that male births outnumber female ones, but the gap has been gradually narrowing over the past three decades in the US and Japan, according to a new study.
Chronic exposure to drugs of abuse disrupts the way critical brain structures interact to control behaviour - behaviour specifically related to drug abuse. Just as continued abuse may lead to tolerance or the need for higher drug dosages to produce an eff
THE concept of corporate responsibility is considerably a new phenomenon for most of the people living in the Saarc region. In this region trade and commerce is still a family affair where management is personalised and financial controls are mostly with
Besides causing 60 percent increase in various diseases, the air pollution has damaged the natural ability of plants to release oxygen along main arteries in Karachi, said a report prepared by Space and Upper Atmosphere Research Commission.
The regular use of aspirin, but not other nonsteroidal anti-inflammatory drugs (NSAIDs), is associated with a reduced incidence of cancer and cancer-related death, particularly among former smokers and those who never smoked.
A study conducted in France provides preliminary evidence that older people who take Ginkgo biloba may be extending their lives, but are not reducing their risk of dementia
A new study has confirmed a relationship between consuming large amounts of dairy products and an increase in the rate of Parkinson's disease in men, but the reason for this relationship remains a puzzle.
The cause of high blood pressure may lie within the brain, rather than with problems relating to the heart, kidneys or blood vessels, a TV channel said citing a new research.
The longest investigation into the effects of salt on health shows that individuals who sharply reduce salt in their diet also slash the risks of a stroke or heart disease by up to a quarter.
Europe's biggest insurer Allianz SE is stepping up its drive into Eastern Europe with the German-based group saying on April 17 it was in talks to acquire Russian insurer Progress-Garant. "We have been in talks with the company for some time," an Allianz
Europe's biggest insurer Allianz SE is stepping up its drive into Eastern Europe with the German-based group saying on April 17 it was in talks to acquire Russian insurer Progress-Garant. "We have been in talks with the company for some time," an Allianz
Singapore on April 19 began a meeting with top global corporate executives to discuss a new growth formula to shift the city-state's economy into its next phase.
Small and medium-sized enterprises (SMEs) in the Asia-Pacific's retail sector are likely to invest up to 240 million US dollars in Information Technology (IT) this year, a market intelligence firm said in a published report on Apil 16.
Bahrain and Omans joint national airline carrier, Gulf Air, unveiled a two-year 825-million-dollar plan on April 17 to cut losses, now running at over one million dollars per day.
Deutsche Post may make acquisitions to expand its logistics business this year but the possible purchases will be a small part of its growth plans, a management board member of the German group said on April 16.
Bank of America posted better-than-expected quarterly profits on April 19 totalling 5.26 billion dollars, gaining a fresh edge over arch-rival Citigroup which has seen its profits ebb in past months.
Bank of America posted better-than-expected quarterly profits on April 19 totalling 5.26 billion dollars, gaining a fresh edge over arch-rival Citigroup which has seen its profits ebb in past months.
India's Essar group has announced it will acquire US-based Minnesota Steel for an undisclosed amount in its second take-over of a North American firm this week.
J. P Morgan Chase & Co on April 18 reported a 55 percent increase in quarterly earnings, helped by gains in investment banking and private equity, and bolstered its dividend and stock buyback plan. Net income rose to $4.8 billion or $1.34 a share from $3.
J. P Morgan Chase & Co on April 18 reported a 55 percent increase in quarterly earnings, helped by gains in investment banking and private equity, and bolstered its dividend and stock buyback plan. Net income rose to $4.8 billion or $1.34 a share from $3.
Banks are dangling an array of enticing freebies in the battle for credit-card users in the city-state, news reports said on April 16. The gifts go beyond the traditional complementary drinks, movie tickets, dining and retail discounts and now tap popular
Standard Chartered Plc will arrange two benchmark-sized Islamic bonds by June and is eyeing Africa for expansion, the bank's Islamic operations chief said on April 19. Standard Chartered Islamic operations head Afaq Khan also told Reuters the firm would l
Standard Chartered Plc will arrange two benchmark-sized Islamic bonds by June and is eyeing Africa for expansion, the bank's Islamic operations chief said on April 19. Standard Chartered Islamic operations head Afaq Khan also told Reuters the firm would l
British supermarket giant Tesco, the country's biggest retailer, said on April 17 that net profits soared by a fifth in 2006 to a record 1.892 billion pounds (2.777 billion euros, 3.767 billion dollars).
British supermarket giant Tesco, the country's biggest retailer, said on April 17 that net profits soared by a fifth in 2006 to a record 1.892 billion pounds (2.777 billion euros, 3.767 billion dollars).
The value of Indian-backed foreign takeovers hit a record in 2006 due to Tata Steel's purchase of Anglo-Dutch steelmaker Corus, according to data published on April 18 that highlighted the financial firepower of corporate India.
General Motors (GM) will build the next-generation Astra compact car at plants in Britain, Germany, Poland and Sweden, but no longer in Belgium, the world's biggest carmaker said on April 17.
The median overnight interbank rate on the Egyptian pound was about steady at 8.76 percent on Sunday, just fractionally above the lower limit of the central bank's overnight corridor, in a liquid market, bankers said.
Japanese government bond futures edged higher on Thursday, pulling away from three-month lows hit in the previous session on a sharp slide in Tokyo share prices and overnight gains in US Treasuries.
Japanese government bond futures edged higher on Thursday, pulling away from three-month lows hit in the previous session on a sharp slide in Tokyo share prices and overnight gains in US Treasuries.
The Tokyo stock market is bracing for a slew of corporate results over the coming week, with the potential for a boost to sentiment if firms give upbeat earnings forecasts, analysts said Friday.
Major Asian currencies ended the week mostly higher against the dollar with the Chinese yuan rising to new highs after news of faster-than-expected Chinese economic growth.
Taiwan share prices are expected to be range-bound as investors assess the market's failure to hold the key 8,000 points level after a recent steady advance, dealers said Friday.
Surging share prices on Wall Street over the past week have put the 13,000 level in sight for the Dow blue chip index even though some analysts see momentum fading.
South Korean share prices are expected to undergo a correction in the coming week amid a widespread belief that the prices rose too much over too short a period, dealers said Friday.
Hong Kong share prices face volatile trade next week on concerns over US economic outlook and China's possible measures to cool down its economy, dealers said Friday.
Australian share prices are expected to again push into record territory next week but the market's current growth rate is unsustainable and any bad news could spark a correction, dealers said Friday.
The London stock market will be hoping to rise for a third week in a row amid more take-over fever after appearing to shake off the effects of a strong pound.
Israel's leading Arab MP Azmi Bishara announced in Cairo his resignation from parliament on Sunday and said he would stay abroad for some time. Bishara, a vocal critic of Israel's policies towards the Palestinians, currently under investigation, complaine
Iran has issued more than a thousand warnings and arrested dozens in a new drive aimed at forcing women whose dress is deemed inappropriate to adhere to Islamic dress rules, officials said Sunday. The nation-wide drive - an annual pre-summer crackdown giv
Iran on Sunday rejected Western calls for a suspension of its sensitive nuclear activities just days ahead of crucial talks on its atomic drive with EU foreign policy chief Javier Solana "Halting uranium enrichment is definitely deleted from the literatur
Democratic lawmakers are poised this week to send Iraq war funding legislation to US President George W. Bush, who has vowed to veto the measure if it includes a withdrawal timetable. Congressional sources say they expect the final legislation to reach Bu
At least 42 civilians were killed on Sunday as clashes between Ethiopian forces and Islamist insurgents in the Somali capital raged for a fifth straight day.
Iran on Sunday agreed on a plan to resolve a financing dispute with the Russian nuclear contractor building the country's first nuclear power plant, Russian news agencies reported, citing the company.
Germany believes Paul Wolfowitz's position at the helm of the World Bank has become unsustainable, a German minister was quoted as saying on Sunday. Wolfowitz, a former US deputy defence secretary who helped plan the invasion in Iraq, has faced calls by W