Full Penetration

Sept 09, 2008 (LBO) – Sri Lanka top celcos firms said they will connect more people by finding ways to lower costs, despite rising inflation and taxes on mobile calls hitting the pockets of poorer sections of society. Anoja Obeysekere, from Sri Lanka’s Dialog Telekom, who is the chairperson of the Asia Pacific GSM Association, […]

Asif Ali Zardari sworn in as Pakistan president

ISLAMABAD, September 9, 2008 (AFP) – Asif Ali Zardari became Pakistan’s president Tuesday and faced immediate pressure to combat the Islamic militant insurgency that has engulfed the nation in the past year, as well as a struggling economy.Zardari, the controversial 53-year-old widower of slain opposition leader Benazir Bhutto, was sworn in at a closely-guarded ceremony […]

” found in Afghanistan

KABUL, September 8, 2008 (AFP) – An Afghan archaeologist has discovered the remains of an ancient 19-metre-long (62-foot) “sleeping Buddha” in central Afghanistan’s Bamiyan a government official said Monday.Bamiyan, about 140 kilometres (90 miles) northwest of Kabul, is on the ancient Silk Route between Europe and Central Asia. A team led by Zameryalai Tarzi had […]

Sri Lanka claims first kill in air war

Sept 09, 2008 (LBO) – Sri Lanka’s air force claimed its first kill of a Tamil Tiger aircraft following a guerrilla bombing mission to the frontier town of Vavuniya, in the early hours of Tuesday.The Tamil Tigers are believed to modified operate piston-engined Czech Zlin-143 light aircraft. In the past Tiger aircraft have slipped under […]

‘s Tamil Tigers stage another air attack

September 8, 2008 (AFP) – Sri Lanka’s Tamil Tiger rebels Tuesday staged another air strike in the island’s north and carried out a long-range artillery barrage, local residents and officials said.Tens of thousands of people have died since the LTTE launched a separatist campaign in 1972 to carve out a homeland for minority Tamils in […]

Sri Lanka asks aid workers to leave Tiger areas as fighting escalates

September 8, 2008 (AFP) – Sri Lanka asked local and international aid workers to vacate Tamil Tiger-held territory ahead of a major military push to dismantle the rebels’ mini state, a minister said Monday.Aid officials, including UN agencies have reported that about 134,000 people were displaced from their homes in Wanni as a result of […]

Sri Lanka bomb blast in Colombo wounds 10: police

September 8, 2008 (AFP) – At least 10 people were wounded in a minor bomb blast in Sri Lanka’s capital on Monday night, police said adding that it did not appear to be linked to the island’s drawn out ethnic conflict. The explosion inside a car at Colombo’s Gas Works’ Street was being treated as […]

”’ rating

Sept 09, 2008 (LBO) – Sri Lanka’s Brandix, an apparel maker said one of its eco-friendly factories that made clothes for UK’s Marks & Spencer retail chain, had received a top rating from the US Green Building Council (USGBC). The USGBC, leadership in energy and environmental design ‘platinum’ rating was won by a 130,000 square […]

World growth to slow before recovery: IMF

NEW YORK, September 9, 2008 (AFP) – World economic growth is set to continue to slow in the second half of 2008 before a gradual recovery in 2009, the number two official at the International Monetary Fund, John Lipsky, said Tuesday. “The global economy is projected to slow further in the second half of 2008, […]

EU economics chief sees economy weakening

BRUSSELS, September 9, 2008 (AFP) – EU Economics chief Joaquin Almunia warned on Tuesday that soon-to-be published growth forecasts would paint a dismal picture of the European economy. After the eurozone economy contracted 0.2 percent in the second quarter, Almunia noted that ECB and OECD forecasts for the rest of 2008 and early 2009 “are […]

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