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Indonesian inflation nears 12 percent in August: officials
JAKARTA, September 1, 2008 (AFP) – Indonesia’s annual inflation rate rose to 11.85 percent in August after month-on-month growth of 0.51 percent, Central Statistics Agency chief Rusman Heriawan said Monday. Annual price growth was less than the expected 12 percent, according to economists polled by Dow Jones Newswires. While inflation last month was slower than […]
Philippines police could face charges for detaining journalists
MANILA, September 1, 2008 (AFP) – Philippine police officers who crushed a right-wing military revolt last year could face criminal charges for detaining journalists covering it, the head of the independent human rights commission said Monday. The commission ruled that the brief detention of journalists covering the story was arbitrary and violated their constitutional right […]
‘s real estate boom stumbles as demand slumps
SOFIA, August 31, 2008 (AFP) – Bulgaria’s real estate boom is turning to bust as its key British and Irish property buyers are now discouraged by financial difficulties at home and the ugly concrete views outside their windows. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 According […]
Italy apologises to Libya for colonial era damage
BENGHAZI, August 30, 2008 (AFP) – Italian Prime Minister Silvio Berlusconi on Saturday apologised to Libya for damage inflicted by Italy during the colonial era and signed a five-billion-dollar investment deal by way of compensation. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Berlusconi made the apology […]
Standard Rating
Aug 29, 2008 (LBO) – Sri Lanka’s Standard Chartered Bank (SCBSL) branch has been given a AAA(lka) rating with a ‘stable’ outlook, Fitch Ratings said. Fitch said the rating reflected the financial strength of Standard Chartered A+ international rating which is higher than the B+ sovereign foreign currency rating of Sri Lanka. Fitch said the […]
Sri Lanka seeks to boost exports of specialty teas
Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]
Bomb blast in Sri Lanka capital wounds 45: hospital
August 30, 2008 (AFP) – A powerful bomb ripped through a busy commercial area of Sri Lanka’s capital Colombo on Saturday, wounding 45 people, police and doctors said.The bombing in Colombo’s Pettah area came a day after Tiger rebels accused government forces of setting off a roadside bomb and killing two civilians inside guerrilla-held territory. […]
Blast in Sri Lanka capital
August 30, 2008 (AFP) – A bomb went off in the Sri Lankan capital Colombo on Saturday, wounding at least 30 people, police and hospital sources said. A package left near a fruit vendor exploded in Pettah, the main commercial hub of the capital, police said, adding that the blast was also near the main […]
Second Malaysian tanker hijacked in Gulf of Aden: company
KUALA LUMPUR, August 30, 2008 (AFP) – A second Malaysian tanker carrying petrochemicals has been hijacked by pirates in the Gulf of Aden, the vessel’s owner said in a statement Saturday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The MT Bunga Melati 5 with 41 crew […]
Sri Lanka in consolation win against India
August 29, 2008 (AFP) – Nuwan Kulasekara wrecked India’s top order with a career-best haul of 4-40 to bowl Sri Lanka to a consolation 112-run victory in the fifth and final one-day international here on Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India, who already […]