Cabinet scheduled to meet next week after dispute

Cabinet did not meet this week as a result of a dispute between President Maithripala Sirisena and the United National Party over the Parliament Select Committee (PSC) on the Easter Sunday attacks.Cabinet usually meets every Tuesday but this week’s meeting was cancelled. (Colombo Gazette) The cabinet, which did not meet this week, is now scheduled to convene next week.The cabinet is set to meet next Tuesday.

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Most actively traded companies on the TSX TSX Venture Exchange markets

by The Canadian Press Posted Mar 1, 2013 5:19 pm MDT Most actively traded companies on the TSX, TSX Venture Exchange markets TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,773.12 down 48.71 points):Kelt Exploration Ltd. (TSX:KEL). Oil and gas. Unchanged at $5.40 on 18,583,582 shares. It’s the first day of trading for the junior oil and gas company which was formed when Houston-based energy heavyweight ExxonMobil Corp. bought Celtic Exploration Ltd. for $3.1 billion. The approval of the deal, along with the takeover of Malaysia’s Petronas of Progress Energy Resources, signalled a change in Ottawa’s foreign investment rules.Ithaca Energy Inc. (TSX:IAE). Oil and gas. Down 13 cents, or 6.60 per cent, at $1.84 on 7,976,263 shares. The company will buy Valiant Petroleum PLC for the equivalent of about $318 million in cash and stock. The deal would boost Ithaca into a leading mid-cap North Sea oil and gas operator.Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down four cents, or 0.96 per cent, at $4.11 on 6,205,206 shares.Manulife Financial Corp. (TSX:MFC). Insurer. Down seven cents, or 0.46 per cent, at $15.23 on 5,361,676 shares. The financials sector slipped 0.29 per cent to 201.92 points.Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Up 53 cents, or 1.68 per cent, at $32.05 on 5,239,325 shares.Lundin Mining Corp. (TSX:LUN). Miner. Down six cents or 1.28 per cent, at $4.61 on 5,140,363 shares. The metals and mining sector was one of the leading decliners, sliding by 1.11 per cet to 900.10 points.TSX Venture Exchange (1,120.09 down 13.27 points):Canadian Imperial Venture Corp. (TSXV:CQV). Energy. Down half a cent, or 33.33 per cent, at a penny on 18,702,666 shares.Midlands Minerals Corp. (TSXV:MEX). Gold explorer. Down half a cent, or 50 per cent, at half a cent on 5,273,000 shares.Companies reporting major news:Magna International (TSX:MG). Auto parts. Up $2.17, or 3.96 per cent, at $57.02 on 1,251,795 shares. The company hiked its dividend by 16 per cent as it reported a big boost in sales and profit for the fourth quarter and raised its expectations for 2013. Magna, which is one of the largest auto parts makers in the world, said it earned US$351 million or $1.49 per share, up from US$312 million or $1.32 per share in the same 2011 periods. Sales jumped 11 per cent to US$8 billion.Mega Brands (TSX:MB). Toymaker. Up 68 cents, or 5.77 per cent, at $12.47 on 95,899 shares. Mega Brands capped a strong year by posting its best fourth-quarter since the toymaker’s 2010 recapitalization, as soaring North American sales contributed to a 20-fold growth in net income. Profit ballooned to US$4 million versus $234,000 or in the same period a year ago. Net sales jumped to $127.54 million from $109 million.InterRent Real Estate Investment Trust (TSX:IIP.UN). Real estate. Up a penny, or 0.15 per cent, at $6.50 on 497,381 shares. The company is buying a townhome complex in Ottawa and an apartment building in St. Catharines, Ont., for a combined price of almost $22 million. Both deals are expected to be completed by the end of March. The vendors were not identified. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

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Security Council extends UN political mission in GuineaBissau

The United Nations Security Council today extended the mandate of the United Nations political mission in Guinea-Bissau to assist in finding solutions to the political and economic crisis being exacerbated by additional challenges posed by transnational crime, in particular drug trafficking and money laundering. The 15-member council voted unanimously to extend through 31 May 2014 the work of the UN Integrated Peacebuilding Office in Guinea-Bissau (UNIOGBIS) to support efforts focused on fully restoring constitutional order and medium-term stability in the country recovering from a military coup. This is in line with the suggestions that Secretary-General Ban Ki-moon made in his latest report. Presenting that report to the Council earlier in the month, Jose Ramos Horta, head of UNIOGBIS, said that if appropriate support is given towards more pro-active preventive diplomacy programmes, “Guinea-Bissau could become a shining example of a success story.”In today’s resolution, the Council requested Mr. Ban to “increase efforts to achieve greater coherence, coordination and efficiency among relevant United Nations agencies, funds and programs in Guinea-Bissau to maximize their collective effectiveness toward combating drug trafficking.”The Council also called on Guinea-Bissau authorities “to review, adopt and implement national legislations and mechanisms” to more effectively stem the flow of drugs and illegal funds in and out of the country, particularly through additional support to the Transnational Crime Unit (TCU) established under the West Africa Coast Initiative (WACI).The international community was urged to enhance cooperation with Guinea-Bissau to more effectively ensure control of its air traffic and surveillance of maritime security within its jurisdiction. Among other key points, the Council emphasized the importance of organizing an international pledging conference on the recovery of Guinea-Bissau after the holding of free, fair and transparent elections. According to recommendations in the Secretary-General’s report, the first phase of the restoration of constitutional order and stability would culminate in presidential and legislative elections, and focus on creating “a political environment built on confidence and non-interference in the electoral process.”Mr. Horta has said he expects elections to be held by November. Soldiers in Guinea-Bissau – a West African country with a history of coups, misrule and political instability since it gained independence from Portugal in 1974 – seized power on 12 April 2012.The coup d’etat came ahead of a presidential run-off election that was slated for 22 April between Carlos Gomes Júnior and a former President, Kumba Yala, prompting calls from the international community for a return to civilian rule. read more

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