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Sri Lanka headline inflation extends fall below core
Feb 07, 2009 (LBO) – Sri Lanka’s headline inflation fell further below the country’s controversial core inflation number, mimicking the US experience in the early 1980s, amid a deflating commodity bubble and fresh attempts to tinker with the index. The latest twist comes at a time when, not only the concept of targeting ‘core’ inflation, […]
Sri Lanka stocks becalmed
Feb 06, 2009 (LBO) – Sri Lankan shares were barely changed Friday with the most actively traded stock being Lanka Cement, which has a defunct plant in the north that could be revived if the ethnic war ends, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
Clean Seas
Feb 06, 2009 (LBO) – Sri Lanka has called for fresh bids from private investors to set up a collection facility in Colombo port for waste oil from ships which will be charged a fee for the service.The deadline for bids is April 3 with the decision on the successful bidder being made by June […]
Sri Lanka tea factory firm makes loss after price collapse
Feb 06, 2009 (LBO) – The collapse in Sri Lankan tea prices towards the end of last year has caused a loss of 35 million rupees at Tea Smallholder Factories, a listed unit of John Keells Holdings, in the December quarter.Tea Smallholder Factories said net profit for the nine months ending December 31, 2008 was […]
Sri Lanka tea prices fall
Feb 06, 2009 (LBO) – Prices of Sri Lankan tea fell on lower demand at this week’s Colombo auctions, breaking an upward trend that began with the first sale of the year, brokers said.High-priced teas from the low grown regions, which produce the bulk of the national crop, suffered the worst falls. “The market for […]
Talk Time
Feb 06, 2009 (LBO) – Sri Lanka telco Lanka Bell has slashed international tariffs to India to 7.00 rupees from the earlier 12.00 a minute for fixed phones and 25.0 rupees for mobiles, the company said. “With this new rate Lanka Bell becomes the Sri Lankan telecommunication company that offers the lowest call charges to […]
Black wolves got their hue from domestic dogs
WASHINGTON, February 5, 2009 (AFP) – Black wolves, found nearly exclusively in North America, likely inherited their coats from breeding with domestic dogs, according to a study published Thursday.The dogs of the earliest Native Americans or of European immigrants probably contributed to the genetic variability of their wild counterparts, researchers from Stanford University and the […]
Sri Lankan troops take more Tiger bases
February 6, 2009 (AFP) – Sri Lankan troops captured several Tamil Tiger supply bases on Friday, a day after overrunning the rebels’ last and largest naval base, military officials said. There has been growing concern for the safety of civilians amid reports from the International Committee of the Red Cross that “hundreds” have already been […]
‘s record-smashing Murali reveals secret of success
February 6, 2009 (AFP) – History-making Sri Lankan spinner Muttiah Muralitharan says mental toughness and hard work are the keys to success in international cricket.“It’s not all that sweet. It’s not easy to go on for such a long time because you have your ups and downs,” said Muralitharan, 36, after becoming the highest wicket-taker […]
Sri Lanka mob stones Red Cross office
February 6, 2009 (AFP) – A mob stoned the main office of the International Committee of the Red Cross (ICRC) in Sri Lanka’s capital Colombo on Friday, smashing windows, a spokeswoman told AFP.The crowd of protestors, estimated to number around 200, shouted slogans, including “ICRC go home,” before being dispersed by police, spokeswoman Sophie Romanens […]