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Sri Lanka arrests ex-navy chief

COLOMBO: Sri Lankan investigators arrested a former navy chief on Monday over the abduction and disappearance of a suspect 15 years ago, a police officer told AFP. Admiral Nishantha Ulugetenne was taken into custody over the disappearance in 2010, when he headed the Directorate of Naval Intelligence, said a detective who asked not to be … Read more

Despite legalisation, Morocco’s black market cannabis trade still dominates

Beneath the blazing summer sun, Abderrahman Talbi surveyed the neat rows of flourishing cannabis blooms in compact fields, reflecting on how his life has changed since he joined Morocco’s burgeoning legal cannabis industry two years ago. Like many farmers in the northern Rif mountains who have long grown the crop illegally, Talbi is relieved that … Read more

Thailand estimates $300M loss from Cambodia border clash

Listen to article Thailand has estimated the initial costs of evacuation and damaged property at more than 10 billion baht ($307.88 million) after a five-day border conflict with Cambodia, and is expecting the eventual economic impact to be even bigger, the finance minister said on Tuesday. The government is preparing an initial budget of 25 billion baht … Read more

Company law modernisation to save Rs250b

[ ISLAMABAD: The government has estimated annual cost savings of around Rs250.54 billion ($895 million) through the modernisation of Companies Act and regulatory reforms. Of the total, savings of around Rs176.96 billion ($632.2 million) will come from modernising the law and Rs73.58 billion ($262.8 million) from regulatory changes. Sources said that it was informed in … Read more

Pakistan ready for composite dialogue with India, says Dar

Listen to article In another overture of peace, Pakistan on Tuesday once again extended the olive branch to arch-rival India and has offered composite dialogue with New Delhi to settle outstanding issues between the two nuclear-armed neighbours.  The latest offer was extended by Foreign Minister Ishaq Dar.  Addressing a news conference in New York, he stated that … Read more