UNP to present alternate budget tomorrow

The main Opposition United National Party (UNP) will table an alternate budget in parliament tomorrow, UNP sources say.
UNP MP Ravi Karunanayaka will present the party’s alternative budget proposals during parliamentary proceedings tomorrow (Nov. 04). Mr. Karunanayake said it will be divulged to the media in the morning at the parliamentary complex and the UNP proposals would reflect what the budget would be if the party was in power now.He said Messers John Amaratunga, S.B. Dissanayake and he were responsible for the drawing up of the proposals while he will present it to parliament.

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In abrupt turnaround, Olympus admits it hid losses

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The revelations by the 92-year-old company appear to vindicate ex-CEO Michael Woodford, who has staged a campaign since being sacked on October 14 to force the firm to come clean on nearly $1.5 billion in questionable payments. Olympus President Shuichi Takayama blamed Tsuyoshi Kikukawa, who quit as president and chairman on October 26, Vice-President Hisashi Mori and internal auditor Hideo Yamada for the cover-up, saying he would consider criminal complaints against them. The admission after weeks of denials shocked investors, sending shares in the endoscope and camera maker skidding almost 30 percent and prompting the biggest non-Japanese shareholder to demand the replacement of the entire board. "Ignorance is no defense," said Jo...

Last year's iPhones are destroying Samsung's new Galaxy S9 flagship smartphone - Bench Mark Results

Samsung announced the Galaxy S9 and Galaxy S9+, the latest entries in its flagship line of smartphones, at Barcelona's Mobile World Congress — but benchmark results are awkwardly showing the devices scoring significantly lower than many of their competitors. Benchmarks are synthetic tests that give numeric, quantifiable results. They are generally applications programmed to make the devices' systems-on-a-chip (SoC) run a series of tasks and determine how long it takes them to complete. AnandTech is a site that specialises in running rigorous tests like these, and its early findings on Samsung's latest devices are curious to say the least— particularly compared to the latest iPhones, Qualcomm's Snapdragon 845 — which will power most of the Android flagships this year — and even Samsung's own Galaxy S8 from last year. In a number of tests — such as web browsing, writing, data manipulation, and photo editing — the Galaxy S9's Exynos 9810 consistently deliv...

Ukrainians injured as police dismantle Kiev 'tent city'

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