Singapore signs pact with Myanmar to modernize its economy

AHN News Staff
Singapore, Singapore (AHN) – Singapore and Myanmar on Monday signed a bilateral, economic and trade agreement. Under the Singapore-Myanmar Technical Cooperation Program pact, Singapore will open itself to foreign investment as well as offer training courses [...] Continue Reading…

Rice harvests lost in Kachin conflict zones

Naypyidaw, Myanmar (IRIN) – The annual harvest season in Myanmar’s northern Kachin State has come and gone but much of the rice crop has not been harvested or was never planted after fighting between government forces and the Kachin [...] Continue Reading…

Nine months after halting production, Saab files for bankruptcy

Diane Alter – AHN News Reporter
Zeewolde, Netherlands (AHN) – Cash strapped car maker Saab Automotive filed for bankruptcy Monday nine months after halting production due to lack of funds. The filing follows former owner General Motors’ objections to [...] Continue Reading…

S&P cuts Egypt’s credit rating on political concerns

Linda Young – AHN News Writer
Cairo, Egypt (AHN) – Credit ratings agency Standard & Poor’s (S&P) announced on Thursday that it has cut Egypt’s sovereign debt rating because of further deterioration in the country’s already “weak political and economic [...] Continue Reading…

Rajaratnam to be sent to federal prison in Massachusetts

Vittorio Hernandez – AHN News
Manhattan, NY, United States (AHN) – Convicted hedge fund manager Raj Rajaratnam will soon serve his 11-year sentence for insider trading at a federal prison medical center in Massachusetts, reports said. U.S. District Judge [...] Continue Reading…

McCain echoes Panetta’s advice: no further defense cuts

Tejinder Singh – AHN News Correspondent
Washington, D.C., United States (AHN) – Sen. John McCain (R-AZ), the ranking member of the Senate Armed Services Committee, on Friday added his voice to earlier appeals by the new Secretary of Defense Leon [...] Continue Reading…

Dam busters fight back

Yangon, Myanmar (IRIN) – Resistance is growing to a hydroelectric dam being built at the beginning of the Ayeyarwady River in Myanmar’s northern Kachin State, with several campaigns to halt construction under way. Opponents to the Myitsone Dam [...] Continue Reading…

For Russia, new Mideast will be tough arms market

The Media Line Staff
Manama, Bahrain David Rosenberg (The Medi – For the first time ever, Russia is selling weapons to Bahrain, whose government has been given the cold shoulder by the West for a violent crackdown on anti-government protests, [...] Continue Reading…

Sales of aluminum baseball bats soar after U.K. riots

Diane Alter – AHN News Trivia Writer
London, United Kingdom (AHN) – Sales of aluminum baseball bats soared 5,000 percent on Amazon.uk following the recent riots in England. Military police baton sales were also up 5,000 percent and wooden baseball [...] Continue Reading…

New Republican budget plan seeks deeper cuts as deficit deadline approaches

Tom Ramstack – AHN News Legal Correspondent
Washington, D.C., United States (AHN) – Oklahoma Sen. Tom Coburn on Monday afternoon announced the most ambitious plan yet for reducing the federal deficit. He said the plan would reduce the current $14 [...] Continue Reading…

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