All Blogs
Sri Lankan jets bomb rebel suicide camp: military
COLOMBO, September 27, 2008 (AFP) – Sri Lankan fighter jets on Saturday bombed a rebel base the government said was used to train suicide bombers, after at least 60 Tamil Tigers and two soldiers died in heavy fighting.Sri Lankan troops are battling to capture the northern town of Kilinochchi, where the rebel Liberation Tigers of […]
Resilient Asia watches US in turmoil
SINGAPORE, September 28, 2008 (AFP) – “Bailout” is back as a buzzword 11 years after the Asian financial crisis, but this time the tables are turned: the US is scrambling to rescue ailing banks while a healthy Asia watches. The ramparts built after the 1997-1998 Asian crisis helped blunt the impact of turbulence that ripped […]
US House approves historic India nuclear deal
WASHINGTON, September 28, 2008 (AFP) – The House of Representatives Saturday passed a civilian nuclear pact with India that lifts a three decade-old ban on civilian nuclear trade with India. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The agreement, passed by a 298-117 vote, […]
Lube Trends
Sept 28, 2008 (LBO) – The Sri Lanka unit of Indian Oil Corporation has temporarily cut prices on its lubricants, aiming to capture a bigger share of the market in which competition is growing. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Lanka Indian Oil Corp is […]
UN says will restart Sri Lanka food aid
COLOMBO, September 28, 2008 (AFP) – The United Nations said on Sunday it would send food to those displaced by fighting in Sri Lanka’s rebel-held north, two weeks after aid workers were ordered out of the region. Sri Lankan forces are moving to dismantle the northern stronghold of the rebels, formally known as the Liberation […]
Ship Fuel
Sept 27, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) said Friday that it had started bunkering operations in Colombo port through a newly established subsidiary. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The JCT Ltd. Oil Bank, a fully owned subsidiary company of the […]
Hunky Dory
Sept 27, 2008 (LBO) – Sri Lanka’s central bank has disputed as ‘misleading’ a statement by a rating agency that the country’s macro-economic conditions were weak, amidst rising bad loans in banks, the highest inflation in recent history and falling profits of companies. Government revenue had increased 24.2 percent to 312.5 billion rupees in the […]
Indians lead world in millionaire growth: report
MUMBAI, September 26, 2008 (AFP) – India is minting new millionaires at a faster pace than anywhere else in the world, buoyed by a fast-growing economy, according to a new study. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 There were an estimated 123,000 millionaires in India […]
Scores dead in Sri Lanka fighting: military
September 27, 2008 (AFP) – At least 52 Tamil Tiger rebels were killed in heavy fighting between troops and the guerrillas just outside their northern capital in Sri Lanka, the defence ministry said on Saturday. Sri Lankan troops are trying to capture the northern town of Kilinochchi, where the Liberation Tigers of Tamil Eelam (LTTE) […]
US lawmakers try to close deal on financial rescue
WASHINGTON, September 27, 2008 (AFP) – US lawmakers held urgent negotiations on Saturday in a bid to agree a 700-billion dollar Wall Street bailout before markets reopen after the weekend, voicing optimism a deal was within reach. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]