All Blogs
Recession fears haunt commodity markets
LONDON, October 17, 2008 (AFP) – World commodity prices tumbled this week, with oil striking a 17-month low point under 66 dollars a barrel in London, as fears of a global recession weighed on demand for raw materials. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to […]
‘s LIOC draws interest as share trading dries up
Oct 17, 2008 (LBO) – Sri Lankan shares ended almost flat after fluctuating in thin trading Friday with petroleum retailer Lanka Indian Oil Corp (LIOC) drawing interest on weaker oil prices, brokers said. The stock ended down two percent (1.50 rupees) at 72.50 rupees with 589,500 shares traded. Dialog Telekom gained 25 cents to end […]
Sri Lankan tea prices slump at Colombo auction
Oct 17, 2008 (LBO) – Sri Lankan tea prices fell on lower demand at the Colombo auctions this week, continuing a downward trend that mirrors the slump in global commodities, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The lower prices means lower […]
LBR-LBO ICT Forum
Oct 17, 2008 (LBO) – Advances in ICT (Information and Communication Technologies) could help companies, especially mid-sized ones, to improve and gain competitive advantage, Sri Lankan experts say. HP said it hopes to do more such projects to help deploy ICT effectively and efficiently in medium sized organizations. The University of Colombo School of Computing […]
Sri Lanka seeks to avoid spat with India over military drive
October 17, 2008 (AFP) – Sri Lanka’s government said Friday it would send a delegation to India to defuse mounting tensions over the escalating war against Tamil Tiger rebels.Sri Lanka’s minority Tamils share close cultural and religious links with the 55 million Tamils in the nearby South Indian state of Tamil Nadu. Colombo’s military drive […]
Sri Lanka military captures rebel-held town: govt
October 17, 2008 (AFP) – Sri Lankan troops captured a rebel-held town in the island’s north following heavy fighting that killed a “large” group of guerrillas, the defence ministry said Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Security forces took the town of Maniyakkulam, 25 […]
Sri Lanka bans 60 food products on melamine fears
Oct 17, 2008 (LBO) – Sri Lanka’s health ministry has banned the import and sale of 60 food products as a precautionary measure following the melamine Chinese milk contamination scandal.Many countries have pulled melamine-contaminated sweets and drinks from supermarket shelves amid the widening scandal over Chinese milk products tainted with the toxic chemical. Melamine, which […]
Philippines warns shipping as more Filipino crew kidnapped off Somalia
MANILA, October 17, 2008 (AFP) – The Vice-President of the Philippines has confirmed the hijacking of a Filipino-manned ship off Somalia and appealed to shipping companies to sail within areas patrolled by a multinational coalition.“We are still awaiting further developments on the latest Somali piracy case,” Noli de Castro said in a statement that named […]
Big powers gear up for daunting Bretton Woods II
PARIS, October 16, 2008 (AFP) – Europe is enlisting the United States and other powers in a drive to create a new system to ensure order in global finance, a task which analysts say is daunting but unavoidable. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to […]
Sri Lanka destroys food aid withheld from tsunami victims
October 17, 2008 (AFP) – Sri Lanka said Friday it would destroy a consignment of more than five tonnes of rotting rice and lentils meant for victims of the December 2004 Asian tsunami. The state auditor general in September 2005 noted out of 1.16 billion dollars committed to assist Sri Lankan victims, only 13.5 percent […]