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Sri Lanka apparel industry gets marketing savvy
Aug 09, 2008 (LBO) – Sri Lanka’s clothing industry, one of its top export earners, is acquiring more marketing skills as fears grow over the looming loss of duty free access to European markets.It was organised by the JAAF and the Sri Lanka Apparel Marketers Alumni, professionals trained by the Sri Lanka branch of the […]
US, Europeans scramble to prevent Georgia-Russia war
WASHINGTON, August 9, 2008 (AFP) – The United States and European Union are leading a diplomatic push to prevent all-out war between Georgia and Russia, calling for a ceasefire as Russian tanks rolled into a rebel Georgian province. Envoys from the US, EU and Organization of Security and Co-operation in Europe (OSCE) were being deployed […]
Sri Lanka gain lead with ton-up Sangakkara
August 9, 2008 (AFP) – Kumar Sangakkara cracked a solid unbeaten 107 to help Sri Lanka gain a slender advantage over injury-hit India in the crucial third and final Test here on Saturday.The left-hander was involved in two valuable partnerships as the hosts reached 251-6 in their first innings at stumps on the second day […]
‘s Harbhajan restricts Sri Lanka with double strike
August 9, 2008 (AFP) – India’s Harbhajan Singh grabbed two wickets in successive overs to peg back Sri Lanka on the second day of the third and final Test here on Saturday.The series is tied at 1-1, with Sri Lanka winning the opening Test by an innings and 239 runs and India clinching a 170-run […]
Oil bubble burst prompts probe call in Sri Lanka by top producer
Aug 09, 2008 (LBO) – The deflation of the oil bubble appeared to take hold in August as long expected by economists who identified it as a ‘monetary shock’ from reserve currency central banks, and Iran called for a probe into the root causes of the price spike. Oil and commodity prices raced to new […]
Sri Lanka shares becalmed, JKH gains
Aug 08, 2008 (LBO) – Sri Lankan stocks closed barely changed with a big block of John Keells Holdings shares changing hands at 104.50 rupees, brokers said. The All Share Price Index closed marginally up, gaining 1.08 points to 2,466.56 while the more liquid Milanka fell 0.11 percent (3.30 points) to 2,931.72. Turnover was 541 […]
Maldives adopts a new constitution
Aug 8, 2008 (LBO) – Maldivian President Maumoon Abdul Gayoom ratified a new constitution that ushers in key reforms and allows multi-party elections in the Indian Ocean republic. “Today we have witnessed a special moment where (the) Maldives has embraced a constitution that will usher in a liberal and modern democracy into the country, and […]
Sri Lanka fighting forces thousands to flee: UNHCR
GENEVA, August 8, 2008 (AFP) – Twelve thousand families are reported to have been displaced in July by fierce fighting in Sri Lanka between government troops and Tamil rebels, the United Nations refugee agency said Friday.Many have been forced to move on several occasions ahead of shifting frontlines to avoid crossfire and stay out of […]
Oil prices slide beneath 116 dollars
LONDON, August 8, 2008 (AFP) – Crude prices slumped below 116 dollars a barrel on Friday as the market shrugged off confirmation that separatist Kurdish rebels were behind a blast that has cut a strategic oil pipeline in Turkey. Brent North Sea crude for September delivery shed 1.91 dollars to 115.99 dollars per barrel in […]
ASEAN, India to sign free trade pact in December: official
BANGKOK, August 8, 2008 (AFP) – Southeast Asian nations will sign a free trade pact with India in December on the sidelines of a regional summit in Bangkok, an official said Friday. Talks in Brunei removed the remaining obstacles to the pact, which will liberalise trade in goods between India and the 10-member Association of […]