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| KAMPALA |
Rich countries should pay taxes on profits their companies earn from operations in poor countries, Malaysian Prime Minister Mahathir Mohamad said at an international investment conference here.
"I think it is only fair that these countries pay statutory taxes to the world, because they are considerably enriched by the world," Mahathir said late Monday at the Global 2001 SMART Partnership International Dialogue being held here aimed at jump-starting investments for African economies.
"This should be in addition to aid which is not only insignificant, but puts the recipient countries under obligation," Mahathir declared to applause from participants, most from the developing countries, adding that an international body could be set up to ... |
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| COLOMBO |
Sri Lanka announced Tuesday it would seek international loans as the government admitted a sharp economic slowdown following the Tamil rebel attack against the country's only international airport.
Treasury Secretary P.B. Jayasundera said the country's economic growth rate this year was expected to come down to about 3.0 percent from the originally projected 4.5 ... |
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| NEW DELHI |
A mother poisoned to death her five children and then committed suicide Thursday to escape a life of dometic violence and poverty in the eastern Indian state of Bihar, a report said.
The Press Trust of India said the police have ... |
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| MONTREAL |
About eight percent of Canadians, just under 2.5 million people, were forced to limit the quality or quantity of their diet at least once in 1998-99 because of poverty, Statistics Canada reported.
In a survey released Wednesday, ... |
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| ACCRA |
Ghana will save 110 million dollars a year as a result of opting to participate in the Highly Indebted Poor Countriesinitiative, Finance Minister Yaw Osafo Maafo said Wednesday.
Debt service payments will average about 240 ... |
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The black population of the United States grew almost three times as fast as the white populace in the decade of the 1990s, according to U.S. Census reports released Monday.
Whites remain the largest racial group in the country, but ... |
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| NAIROBI |
The International Monetary Fund (IMF) on Wednesday announced it would maintain its freeze of funding to Kenya in the wake of parliament's rejection of a controversial anti-graft bill.
"Following the action in the National Assembly, International Monetary Fund ... will not be able to complete the review of performance under the first annual program that covered fiscal year 2000/01 or complete the negotiation of the second annual programme for 2001/02," a statement issued by the IMF's resident representative here, Samuel Itam, said.
In plain ... |
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| NEW DELHI |
Prime Minister Atal Behari Vajpayee on Wednesday announced a 100 billion rupee (2.1 billion dollar) scheme to generate employment in India's poverty-stricken rural belt.
In his annual Independence Day address to the nation from ... |
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