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Low cost Internet phone revolution beckons for India
NEW DELHI, August 23, 2008 (AFP) – Battle lines are being drawn after India’s telecoms regulator called for full-blown telephone services via the Internet, paving the way for another fall in the nation’s already cheap call rates. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
British economic data shows slow growth as inflation spikes
LONDON, August 22, 2008 (AFP) – Britain’s economy stopped growing in the second quarter of 2008, recording the weakest quarterly growth rate for 16 years and leaving the country on the brink of recession, analysts said Friday. To recieve instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
Oil prices plunge to US$114 after dollar firms
NEW YORK, August 22, 2008 (AFP) – Oil prices shed more than six dollars a barrel Friday after the dollar firmed and as the world’s second-largest pipeline appeared set to reopen. New York’s main contract, light sweet crude for October, fell 6.59 to close at 114.59 dollars a barrel. The benchmark futures contract was 82 […]
Sri Lanka captain expects batsmen to deliver
August 23, 2008 (AFP) – Sri Lanka captain Mahela Jayawardene is looking forward to an improved batting performance from his team in the third one-day international against India starting here on Sunday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Batting let Sri Lanka down […]
Sri Lanka holds provincial polls amid military push
OLOMBO, August 23, 2008 (AFP) – Sri Lanka was holding provincial elections amid high security Saturday as government forces pushed deeper into territory held by Tamil Tiger rebels in the island’s north, officials said. Two out of the nine provinces on the island were voting to elect the highest level of local government in the […]
Sri Lanka holds local polls as army heads to rebel capital
August 23, 2008 (AFP) – Sri Lanka staged local elections under tight security Saturday as troops pushed deeper into Tamil Tiger territory, closing in on the rebel capital in the war-ravaged north, officials said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Two out of […]
Sri Lanka gets ADB help to curb fiscal profligacy
Aug 24, 2008 (LBO) – Sri Lanka is getting help from Japan and the Asian Development Bank (ADB) to improve government finances, the regional lender said, four years after the island returned to excessive government spending, money printing and high inflation. The Japan Special Fund is giving a 300,000 US dollar grant to help Sri […]
Sri Lanka stocks weaken, Distilleries in focus ahead of court verdict
Aug 22, 2008 (LBO) – Sri Lankan stocks weakened further Friday with anticipation mounting over a court verdict on the privatization of Sri Lanka Insurance Corporation (SLIC), part of the Distilleries group. The All Share Price Index fell 0.43 percent (10.34 points) to 2,414.37 while the Milanka dropped 0.59 percent (16.78 points) to 2,811.96. Turnover […]
Sri Lanka tea crop hits new high
Aug 22, 2008 (LBO) – Sri Lanka’s tea production is continuing to increase with the July crop hitting a new high, with low grown teas much in demand in the Middle East and Russia, rising sharply, brokers said.The output for the seven month period was also a new high with the previous record being 190.7 […]
Sri Lanka says closing in on rebel capital after fall of key towns
August 22, 2008 (AFP) – Sri Lankan troops on Friday captured two strategic towns from Tamil Tigers as they closed in on the rebels’ political capital, the defence ministry said. Acting on a tip-off, soldiers searched the church and discovered material and accessories for making suicide kits of the type generally used by the LTTE, […]