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Sri Lanka chamber promotes links with Trinidad and Tobago
May 08, 2008 (LBO) – The embassy of the Caribbean island of Trinidad and Tobago is organizing a trade mission through its High Commission (embassy) in India and is looking for Sri Lankan firms to participate, the Ceylon Chamber of Commerce said. The trade and investment promotion mission is being organized to Trinidad and Tobago […]
Thailand says Malaysia to buy emergency rice supplies
BANGKOK, May 8, 2008 (AFP) – Thailand said Thursday it would provide 500,000 tonnes of rice to Malaysia in an emergency purchase as the latter’s national stockpile had enough supplies to last only 15 days.Government spokesman Wichainchot Sukchotrat said Malaysian agriculture minister Mustafa Mohamed met with Thai Prime Minister Samak Sundaravej on Thursday to discuss […]
‘s growth rewarding amid global risks: Merrill Lynch
MUMBAI, May 7, 2008 (AFP) – India offers one of most rewarding opportunities for growth in spite of recessionary conditions in the United States, wealth management group Merrill Lynch chief executive John Thain said Wednesday.“I do not believe in the ‘decoupling’ theory but India, led by strong local demand, will be relatively less affected by […]
Nepal lifts ban on Everest as Olympic torch summits
KATHMANDU, May 8, 2008 (AFP) – Scores of climbers waiting on the southern Nepalese approach to Mount Everest will be allowed to proceed after the Chinese Olympic torch team made it to the roof of the world, officials said Thursday. “Mountaineers will be allowed to move towards the summit from Friday,” said Prem Rai, Nepal’s […]
” consumers, US trails: study
WASHINGTON, May 7, 2008 (AFP) – Inhabitants of Brazil and India have the world’s most environmentally-sustainable lifestyle and Americans have the least, according to a new study tracking global attitudes towards consumption and the environment. The survey by the National Geographic Society establishes a “Greendex” — an index measuring the economic impact of consumer lifestyle […]
‘s paper degrees and learning culture
May 08, 2008 (LBO) – As an educator, I have found the economic transaction at the heart of education to be deeply problematic. If I was selling bread, and gave the customer less than what she paid for, she’d be outraged and haul me before the Consumer Protection Authority, if not worse. When in the […]
Iraq, Sri Lanka, Pakistan on journo killer list: rights body
VIENNA, May 8, 2008 (AFP) – Ninety-three journalists were killed in 2007, almost half of them in Iraq, the International Press Institute media watchdog said in its annual press freedom review published Thursday.The figure was the second highest in a decade after 2006, which saw 100 journalists’ deaths, according to IPI figures. Forty-two journalists died […]
‘s displaced
May 8, 2008 (AFP) – A United Nations agency Thursday appealed for 36 million dollars to feed thousands of Sri Lankans displaced by fighting between troops and rebels amidst galloping global commodity prices. The World Food Programme (WFP) now feeds more than a million Sri Lankans, of whom 400,000 have been internally displaced. “The World […]
Sri Lanka warned off short-term debt as T-bills opened to foreigners
May 07, 2008 (LBO) – Standard & Poor’s (S&P) has warned of the narrowing maturity of Sri Lanka’s commercial debt just as the country opened its Treasury bill market to foreign investors. “The rising share of external debt, estimated at about 49 percent of total, and within that, the proportion of more expensive and shorter-maturity […]
Profit Growth
May 07, 2008 (LBO) – Sri Lanka’s Nations Trust Bank (NTB) group profits grew 41 percent to 144.2 million rupees in the March quarter with total revenue growing by half, interim results filed with the stock exchange showed. Group revenue was up 50 percent to 2,991 million rupees and interest expense grew 58 percent to […]