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Marshall Islands first quarter 2008 inflation 10-pct
MAJURO, June 12 (Asia Pulse) – The cost of living rose by more than 10 per cent in the Marshall Islands from January to March this year. This was more than double the inflation rate for all of fiscal year 2007, according to a report issued by the government’s Economic Policy, Planning and Statistics Office […]
Indian GSM users top 205 million
NEW DELHI, June 12 (Asia Pulse) – India’s GSM cellular subscriber base touched 205 million in May with the addition of over 6.2 million new users during the month and Bharti Airtel capturing over one-third of the market.The subscriber figures excludes Reliance Telecom figures. In April, GSM operators had added 6.5 million new users against […]
”’ wakes up to life as commoner
KATHMANDU, June 12, 2008 (AFP) – Nepal’s former king Gyanendra on Thursday began life as a commoner after leaving his sprawling palace home and army of servants for the last time.He will have to adjust to living in a former hunting lodge on the outskirts of the capital, after leaving the Narayanhiti palace in the […]
Oil surge, bank jitters sink Wall Street
NEW YORK, June 11, 2008 (AFP) – Wall Street tumbled Wednesday as the latest spike in crude oil prices undermined sentiment in a market already spooked by inflation and troubles in the finance sector. The Dow Jones Industrial Average sank 205.99 points (1.68 percent) to close at 12,083.77 and the Nasdaq composite slumped 54.93 points […]
Sri Lanka blocks rice exports
June 12, 2008 (LBO) – Sri Lanka has slapped a minimum export price floor of 100,000 rupees (923 dollars) per metric tonne to block rice exports, information minister Anura Yapa said. World rice prices, which peaked in April, have since moderated. Global commodity prices have been booming amidst money printing in reserve currency countries, especially […]
EU says Sri Lanka should improve rights record, media freedom
June 12, 2008 (LBO) – The European Union urged Sri Lanka to improve its human rights record and treatment of journalists as the country is set to re-apply for a trade concession extension later in the year. The EU was also helping build roads and do reconstruction but work was hampered due to a monopoly […]
Sri Lanka treasury bills rates unchanged
June 11, 2008 (LBO) – Sri Lanka sold 3.3 billion rupees of 6 and 12 month bills with the yields unchanged from last week, the government’s debt office said after Wednesday’s auction.The government did not offer 3-month bills.The 6-month yield was unchanged at 18.06 percent with the government selling 2.4 billion rupees worth bills. The […]
Sri Lanka stocks slip further, investors get ready for Janashakthi offer
June 11, 2008 (LBO) – Sri Lanka stocks slipped further on dampened sentiment with investors selling shares to raise funds for a forthcoming public offer by Janashakthi Insurance. The All Share Price Index fell 0.58 percent (14.32 points) to end at 2,474.93 while the more liquid Milanka was down 0.35 percent (10.45 points) to end […]
‘ah Leasing
June 11, 2008 (LBO) – Lanka Orix Leasing Company (LOLC), which introduced Islamic financing in Sri Lanka, says it wants to expand its portfolio to one billion rupees in one year, with growth so far relying on word-of-mouth publicity. “We are on a growth trend and we feel that the turbulence that we are seeing […]
Sri Lanka Tamil Tigers attack navy outpost
June 11, 2008 (AFP) – Tamil Tiger rebels destroyed a navy outpost in north-western Sri Lanka Wednesday, killing at least three sailors and losing four fighters of their own, the two sides said. Machine guns, mortars, a rocket-propelled grenade launcher, an anti-tank weapon and explosives were among the items seized, the website reported. The rebels […]