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OPEC: Will The Cuts Be Enough?
The oil cartel will most likely slash production by 2 million barrels per day.
OPEC is trying to stop a train wreck. The cartel of oil-producing countries began its latest meeting in Algeria on Tuesday morning with some big questions: How to deal with falling demand, and how to ensure that countries comply with production cuts? After agreeing to cut daily output by 1.5 million barrels in early November, many are wondering if an even deeper cut of 2.0 million barrels or more on Wednesday will be enough to stave the world's oversupply of oil.

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Hezbollah praises shoe-thrower al-Zaidi
An incident involving an Iraqi reporter lobbing his shoes at U.S. President George Bush was an expression against the occupation, the Lebanese Hezbollah said. Iraqi journalist Muntadhar al-Zaidi, a correspondent for al-Baghdadiya satellite channel, threw two shoes at the visiting president during a weekend news conference in Baghdad with Iraqi Prime Minister Nouri al-Maliki.

JP will support new govt. despite Gasim’s resignation - Nashid

Jumhoory Party (JP) will support the new government established by MDP Alliance after winning the landmark multiparty presidential election held on 28 October 2008 despite the recent resignation of JP and Jumhoory Coalition leader Gasim Ibrahim as the new government’s home minister, Dhaalu MP and Vice Leader of JP ADK Nashid has said.

ACC launches investigation in to MSDP finances
Anti Corruption Commission (ACC) has launched investigations in to Maldivian Socialist Democratic Party (MSDP) finances to check whether the party has misused or misappropriated state funds provided to the party by the government. ACC informed that the investigations were launched at the request of Elections Commission following allegations of Auditor General noted in his Audit Report. The Auditor General in his Audit Report has noted that finances of the party were not properly maintained. Further he has pointed out that MSDP office was run in the living room of the party leader’s home and that senior officials of the party were family friends and close relatives. He also pointed out large discrepancies in the party membership numbers as well as lack of suitable system to maintain books and carry out the administration.

SriLankan introduces new aircraft - changes flight schedule
SriLankan Airlines’ flight schedule is undergoing several temporary changes, as the airline introduces new aircraft and retires four older ones in its narrow-body fleet. Two new Airbus A320 aircraft have already been acquired, the first of which arrived on 30th November, with the second due within this month. Two more are being actively sourced, and until they arrive the airline is temporarily suspending services to four of its less popular destinations – Calicut, Cochin, Coimbatore and Hyderabad from 15th January 2009 until the end of the winter season.

BARCLAY BROTHERS TO MOVE PRIVATE ISLAND TO MALDIVES
THE billionaire Barclay twins are to move their private island from the Channel Islands to the Maldives due to a combination of being in a huff and tax reasons. Sir David and Sir Frederick secretly moved the SS Brecqhou, their gigantic island-shaped boat, to the English Channel in 1993 and then paid to have all the maps changed to make everyone think it was a real place.

Sustainable Travel…
EU Sustainable Tourism Conference for West Cork - EDEN
Clonakilty, West Cork has been chosen to host a major EU conference on tourism – to take place on February 24, 2009. This will be the first EU European Destinations of Excellence (EDEN) event that will be held outside of Brussels and will involve delegates from 19 different countries. The three-day conference, organised by Fáilte Ireland, will take place in the Inchydoney Hotel and Spa and will focus on sustainable tourism initiatives and best practice. Case studies will be explored along with marketing initiatives for EDEN destinations at home and abroad and there will be a familiarisation of Clonakilty district.

“ Around 100 placements available from Indian rehabilitation centers” says State Minister
Around 100 or so placements will be made available from rehabilitation centers in India for the treatment of drug addicts from Maldives, the Minister of State for Foreign Affairs Ahmed Naseem has said. Speaking at a press conference held at the Foreign Ministry, Minister Naseem said that the Health Minister will leave for India very soon to discuss the matter with Indian authorities. “The Indian Government will provide two kinds of aid in drug rehabilitation,” he said. “They will provide experts on the matter to help us and also aid us in the training staff.” The State Minister did not provide any additional details regarding the matter, saying that the details will be revealed after the Health Minister’s visit.

Western Union suspends money transfers. Why???
Some consumers in Maldives have complained of Western Union suspending money transfers. Mohamed Ibrahim, the Assistant Manager of the local Western Union Branch has cleared the situation. According to him the temporary suspension of their money order services was caused by the lack of US dollar in the local banks.

Local fisheries will come to a standstill if Labor law is to be followed – Boat Owner
The fisheries sector will come to a standstill if they are to follow the labor law and work only 48 hours per week, according to boat owners. They have said that their captains and boat crew are paid good wages. If they are to implement the labor law, the fishermen, who take to the seas at 4 am, will be working overtime after 12 pm. Under current law, employers cannot make anyone work overtime unless the employee agrees to do so. If some of the crew decides to work overtime on the vessel, it has to return home to unload the rest of the crew.

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