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Goa News Clips
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PICTURE FOR THE DAY
A section of an invaluable collection of crosses displayed
recently at Fundacao Oriente Art Gallery in Panjim by Maendra
J Alvares of Big Foot, Loutulim. |
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India’s Videocon-Led
Group Buys Daewoo
Tuesday October 24, 2006
http://biz.thestar.com.my/news/story.asp?file=/2006/10/24/business/15808095&sec=business
SEOUL: Videocon Industries Ltd of India and its bidding
partner agreed to buy South Korea’s Daewoo Electronics Corp
for 700bil won (US$731mil), creditor Woori Bank said.
Videocon and an affiliate of Ripplewood Holdings LLC signed a
preliminary agreement with creditors of Daewoo Electronics on
Oct 20, Seoul-based Woori Bank spokesman Jung Hee Kyung said
yesterday. The offer is all cash, he said.
The bid is about 20bil won higher than what Videocon chairman
Venugopal Dhoot said the bidding group offered last month,
when it won exclusive negotiating rights to buy Daewoo
Electronics.
The acquisition may help Aurangabad-based Videocon, which has
bought Thomson SA’s television-tube business and Electrolux
AB’s Indian appliance unit since 2005, expand its product line
to include washing machines and televisions produced by South
Korea’s third-largest electronics maker.
The final price may change after a month of due diligence,
Jung said, without giving details of how much the offer may be
adjusted by.
Seoul-based Daewoo Electronics, a former unit of the Daewoo
Group that collapsed in 1999, posted a 94 billion won loss
last year, compared with a 30bil won profit in 2004, after
sales declined 6.4% to 2.2tril won. Daewoo’s book value, or
assets minus liabilities, was 375bil won at the end of last
year, according to its latest regulatory filing. – Bloomberg
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Govt offers to maintain
heritage houses of NRGs
PANAJI, Oct 26: The state government is planning to
acquire the heritage houses around Goa owned by the
non-resident Goans and maintain them, if the owners of the
houses are interested in disposing the same. The Chief
Minister, Mr Pratapsing Rane, lamenting that the beautiful
heritage houses in the state especially those belonging to the
NRGs are being destroyed due to lack of maintenance, today
said that the government could step in to look after these
edifices. The government can pay the cost of the houses to the
desiring owners, look after them and rent them out to the
tourists, he added. Mr Rane, who earlier inaugurated the
website portal of the commissionerate for NRI Affairs,www.globalgoans.org.in, under the name Global Goans at the
Secretariat, said that preparation of an inventory of such
houses is also under consideration. [NT] |
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NRI Convention from Jan
3
PANJIM: The Global Goans Convention will be convened in
Panjim from January 3 to January 5, 2007. It will be
inaugurated by CM Rane. Among those who will address the
convention will be ambassadors accredited to countries with a
substantial number of Goan emigrants as well as ambassadors in
India of such countries. [GT] |
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IFFI 2006: Goa govt
takes serious note of terror threats
PANAJI, Oct 26: The state government has taken serious
view of the alert from the central intelligence agencies of
terror threats during the upcoming International Film Festival
of India 2006 and made elaborate arrangements to prevent any
untoward incident. The state administration has decided to
upgrade the security system and implement the foolproof
security plan so as to foil any bid to disrupt the
international event in the state in November-December, this
year. [NT] |
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Harm stalks old GMC's
charm
PANJIM: If all goes as per the government's plans, you
may soon be buying items ranging from electronic goods to
undergarments from the once-hallowed precincts of the old Goa
Medical College at Panjim. The old GMC building - once the
oldest medical college in Asia - may soon be turned into a
shopping centre with retail outlets if the government has its
way, as neither the Goa State Archaeology nor the
Archaeological Survey of India has notified one of Goa's
prized possessions as a heritage monument. [Andrew Pereira, GT] |
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Authentication of
education certificates
PANJIM: Following decentralisation of powers regarding
authentication of educational certificates of persons going
abroad for employment or higher studies, hitherto
authenticated by the Ministry of Human Resource Development
and countersigned by the Ministry of External Affairs, new
Delhi, the Government of Goa has appointed the Director of
Higher Education,t he Director of Technical Education,t he
Director of Education and the state Director (Craftsman
Training), Government of Goa, as the competent authorities to
authenticate the educational certificates of the course of
study of the educational institutions coming within the
purview or sphere of work of the respective directorates, of
the persons going abroad for employment or higher studies. [GT] |
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Goan Voice designed and compiled by
Demerg Systems India for
Silverline Technologies Ltd.,
Campal Trade Centre, Next to Military Hospital, Campal,
Panjim, Goa-403001
Tel: +91 832 2420797 Email:
info@goanvoice.ca
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