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Libya says NATO air strike hits major oil field

TRIPOLI (Reuters) - Libya said a U.N.-mandated British air strike had hit its major Sarir oilfield killing three guards and damaging a pipeline connecting the field to a Mediterranean port.

Costlier oil means higher subsidies

PETALING JAYA: While the Government stands to gain more revenue from a higher price of crude oil, subsidies would also correspondingly increase if higher energy costs are not passed on to consumers.

Pakistan to decide Friday how to reduce cabinet-official

ISLAMABAD (Reuters) - Pakistan will decide on Friday how to reduce the cabinet, a ruling party official said, in a concession to the opposition which is unlikely to help garner support for wholescale economic reform as demanded by the IMF.

SP downgrades Japan's debt rating

TOKYO: Japan#8217;s sovereign credit rating was downgraded to i>AA- /i>by Standard and Poor#8217;s, the same level as China, on concern that Prime Minister Naoto Kan hasn#8217;t done enough to curb the world#8217;s largest debt load.

Increased patrols during festive season

LABUAN: The Royal Malaysian Customs will intensify patrol operations in Sabah and Sarawak waters, particularly on the eve of Christmas and New Year, to prevent smuggling activities.

Outdoor smoking ban plan angers some New Yorkers

NEW YORK (Reuters) - Finding a place to smoke could get even harder in New York City.

Outdoor smoking ban plan angers some New Yorkers

NEW YORK (Reuters) - Finding a place to smoke could get even harder in New York City.

Is tax amnesty on the cards in M'sia?

AS we await the 2011 budget to be announced by the Finance Minister in late October, the season for speculation is already upon us. The answer to the question posed could well be yes if we recognise that governments of all kinds have frequently turned to tax amnesties as part of their fiscal policies.

Why citizens should pay their taxes

Tax evasion should not be tolerated by society. Those who avoid paying taxes are actually living off the generosity of those who do.

Why citizens should pay their taxes

Tax evasion should not be tolerated by society. Those who avoid paying taxes are actually living off the generosity of those who do.