Journal #6

http://www.austrianews.co.uk/2010/01/25/austrias-building-industry-in-deep-trouble/

Austria

Austrias building enterprises have more and more problems to surive on the market then what many people think. The Industry figures and representatives confirm low profit margins. If there is a small problem, a bankruptcy is quickly the consequence. It happens with increasing frequency that constructions can’t be finished because the property developer became insolvent. A big problem if the buildings were already sold, and a handover within the prescribed time limit is a lawful obligation. The guild master confirms the poor situation of many building enterprises in Austria. “At first the own capital is quite small, and in the second place the profit margins are vanishing slim”, he knows. He explains that just a small problem during the construction phase can cause a bankrupt because of that. A building contractor from the federal province of Salzburg claims if the orders for sponsored residential building disappear, he has to dismiss 50 employees.

Journal #5

http://news.bbc.co.uk/sport2/hi/cricket/counties/kent/8485808.stm

Sri Lanka

Bandara, 30, is due to arrive in mid to late May in time for the start of the revamped Twenty20 in June. He will then take over from Australian Stuart Clark, Kent's overseas signing for the first half of 2010. Bandara, who had half a summer with Gloucestershire in 2005, worked with Kent team director Paul Farbrace when he was assistant coach of Sri Lanka. Farbrace said: "I'm absolutely delighted that such a high quality cricketer has chosen to join Kent. "I'm thrilled at the prospect of him teaming up with James Tredwell and creating a high quality spin attack. "Malinga is an experienced cricketer and will add great knowledge to our team, both on and off the field." Bandara, who made the first of his eight Test appearances in 1998, has taken 391 first-class wickets at an average of 24.96. He is also a useful lower-order batsman, with a first-class average of 19.97.

Journal #4

http://www.austrianews.co.uk/2010/01/27/internet-fraud-with-rental-apartments-in-austria/

Austria

Austrias innocent people are being victimized by internet crooks who offer cheap rental apartments at diverse internet portals. The problem is that those rental apartments are not existing in reality. If the victims pay for a key and rental agreement in advance without seeing the apartment, their money might be lost. In most of the cases the internet crooks demand two monthly rents. And the desperate lodging seekers pay. Now the police feel compelled to warn all Austrians who are searching for an apartment with a press release. Already too many people became a victim of the internet crooks.

Journal #3

www.allheadlinenews.com

Sri Lanka

India has congratulated the president of Sri Lanka, Mahinda Rajapaksa on his re-election in Wednesday's presidential elections. India's president, Pratibha Patil, expressed confidence that under Rajapaksha's able leadership Sri Lanka will "attain greater heights and find lasting peace." The Prime minister, Manmohan Singh, reiterated the sentiments and added that under his leadership all "communities will live with dignity and harmony." "India and Sri Lanka share historically close and friendly relations. I wish to assure you of India's commitment to further deepen our relations with Sri Lanka. We look forward to working with you, towards this end for the mutual benefit of our two peoples," the president had said. Singh asserted that both India and Sri Lanka are committed to democratic values

Journal #2

http://www.austrianews.co.uk/

Austria

Calculations of the National Bank of Austria revealed that Austrians are not motivated anymore to save a lot of money. The national saving rate has decreased from 12 down to 11.2 percent by the end of 2009. Less money was invested into financial assets, and this is the reason of a “slower wealth building”, explains the spokesman of the National Bank of Austria. Another interesting fact of the financial situation in Austria is the insight that Austrians prefer to make more debts. Debts are decreasing more and more among the Austrian population. Capital transactions broke down to 50 percent. Transactions of savings balances, stocks, shares, investment share certificates and life assurances decreased from 4.1 billion Euro down to 2.3 billion Euro.

Journal #1 Sri Lanka

http://in.reuters.com/article/companyNews/idINSGE60R0CT20100128

Sri Lanka inflation hits 11- month high in January. Consumer prices keep rising more and more in Sri Lanka. The inflation rate has been high for 11 months due to a low base effect, high food prices, and the rising consumer spending. The consumer prices in January have rose to 6.5 percent. The food index has risen to .75 percent compared to last years data. The inflation of a 12-month average slowed to 3.1 percent, from 3.4 percent in December. Analysts said inflation will pick up continuously due to base effect and rising consumers spending.