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India Sri Lanka economic links de-railed by protectionism
July 28, 2008 (LBO) – The developing discourse on a trade agreement with India is disturbing. The proponents of the manjokka economy, led by experts on plug removal and tooth extraction, are framing the debate. The level of naiveté displayed by those who should know better, including those who write newspaper columns and the quick surrender […]
Sri Lanka Treasury Secretary tenders resignation
July 28, 2008 (LBO) – Sri Lanka’s Treasury Secretary P B Jayasundera has submitted his resignation to President Mahinda Rajapakse following a court order that faulted him over a privatization deal and a tax holiday, an official said.Reports said Jayasundera had offered to resign soon after the order was made last week, but the government […]
Aromatic Growth
July 27, 2008 (LBO) – Cosmetics manufacturer Oriflame says the market for its products in Sri Lanka grew by almost half in 2007, more than the average growth rate of markets in the Asian region.Oriflame Cosmetics is present in 59 countries with a sales force of 2.3 million independent sales consultants. “This means there is […]
Sri Lanka cracks down on stray dogs ahead of South Asian meet
July 27, 2008 (AFP) – Sri Lanka is rounding up dozens of stray dogs ahead of a major South Asian summit, which will also see the island’s largest deployment of police dogs to sniff out explosives, officials said Sunday.The Colombo Municipal Council said dozens of strays over the weekend had been captured near the Bandaranaike […]
” as Sri Lanka hosts South Asian forum
July 27, 2008 (AFP) – Sri Lanka is ramping up security in its already tightly-guarded capital to unprecedented levels as it prepares to host regional leaders for a major summit amid an escalating war on the Tamil Tigers. India’s Prime Minister Manmohan Singh will bring thousands of his own security personnel, helicopters and bullet-proof cars, […]
Dozens dead in heavy fighting across Sri Lanka: govt
July 26, 2008 (AFP) – At least 66 Tamil Tiger rebels and eight government soldiers have died in the latest fighting in northern Sri Lanka, the island’s defence ministry said Saturday. The fighting on Friday was centred around Jaffna, Mannar, Vavuniya and the Weli Oya regions, the ministry said.There was no immediate comment on the […]
Indian leaders urge calm, army called out after attacks
AHMEDABAD, July 27, 2008 (AFP) – Indian leaders issued appeals for calm Sunday as the army was called out after a wave of bombings killed 45 people in Ahmedabad, a city rocked by deadly Hindu-Muslim riots six years ago. The string of 16 bombings, which left more than 160 people injured, ripped through crowded places […]
Tariff row by developing states threatens WTO deal
GENEVA, July 27, 2008 (AFP) – A clash between developing countries over protectionist measures to save farmers from surging imports threatened Sunday to scupper a bid for a new global trade pact, delegates said.Among the issues being thrashed out by trade ministers in Geneva are “special safeguard mechanisms” (SSM) that increase tariffs on agricultural products […]
Congress throws a lifeline to drowning US housing sector
WASHINGTON, July 26, 2008 (AFP) – A US housing sector that has yet to hit bottom after its worst slump in decades secured a lifeline Saturday from a massive government aid package that is arriving none too soon, analysts say.The aid package expected to be signed by President George W. Bush comes with the housing […]
Key points of compromise text issued by WTO head
GENEVA, July 27, 2008 (AFP) – Here is a summary of key proposals put forward by the head of the World Trade Organization in a bid to break the deadlock among the 153 member states and finally secure a new global trade pact.AGRICULTURAL SUBSIDIES Proposals drawn up by the WTO’s Director-General, Pascal Lamy, envisage sweeping […]