TopNews

Explosives, paint and chemicals supplier Orica Ltd. said today that it will have to make a provision of $A63 million in its half yearly results for an environmental cleanup at its site at the Botany Industrial Park, New South Wales.

Orica said in a statement to the Australian Securities Exchange that the company has taken this decision after studying a report released by environmental consultants on the site in southeast Sydney. In this report Orica found that there were findings of high concentrations of mercury at the Botany location.

Singapore based Tiger Airways Holdings Group announced today that it is going to change the head of its Australian division, Tiger Airways Australia. Tony Davis, chief executive of Tiger Airways Holdings Group, has announced today that Crawford Rix will be replacing Shelley Roberts, the existing managing director of Tiger Airways Australia.

Harrison Young has been appointed as the new chairman of the national Broadband Network Company. Senator Stephen Conroy announced his appointment today. Young is currently serving as a director of Commonwealth Bank of Australia Ltd.

Young will replace NBN Co chief executive officer, Mike Quigley, as the chairperson.

However, the government said that Mr. Quigley will stay on the board as chief executive and director.

BG Group Plc, owner of the Coal Seam Gas fields in Australia, has signed a deal with China's state owned oil and gas company China National Offshore Oil Corp Ltd to provide liquefied natural gas (LNG) for 20 years.

The deal is supposed to be worth $A60 billion. The Federal Government announced the deal today. The Government said that it is the biggest trade deal in the history of Australia so far.

Health Minister Ghulam Nabi Azad was reported saying that private sector's expansion would be of no use for the health indicators of the country. He stressed on the need for an increased allocation in the field.

He said, "Notwithstanding the tremendous contribution of the private sector in addressing the huge demand for services, the problems being faced in the health sector will not decrease with the further expansion of the private sector."

England has defeated Bangladesh by nine wickets in the second and last test to win the two test matches series 2-0 at the Shere Bangla National Stadium in Mirpur on Wednesday.

Bangladesh today resumed their inning from overnight score of 176 runs for loss of six wickets and bundled out with 285 runs on the board in the second inning. Bangladesh skipper Shakib Al Hasan scored 86 runs as they set target of 209 runs for the English team.

J Tredwell took four wickets for England while S Broad and G Swann picked up two wickets each.