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Sri Lanka rice price controls temporary: minister
April 20, 2008 (LBO) – Sri Lanka’s price controls are temporary, until foreign rice stocks arrive at the end of the month and prices fall towards ceilings imposed by the government, a senior minister said. “Rangoon rice will arrive in Sri Lanka before the end of the month, then prices will fall,” consumer affairs minister […]
Sri Lanka price controls disrupt rice market: reports
April 20, 2008 (LBO) – Sri Lanka’s Zimbabwe-style price controls on rice have started to disrupt supplies threatening to turn what was simply a steep spike in domestic rice prices into a full blown crisis with actual rice ‘shortages’. . Last July Zimbabwe, a country with a history of money printing and 100,000 percent inflation […]
Broad Service
April 19, 2008 (LBO) – Sri Lanka’s Electroteks, a communications firm, says it will launch a wireless broadband service in May which will have voice telephony services at half the existing tariffs. Electroteks chief B A C Abeywardene says the service will use CDMA (code division multiple access) based technology to provide up to 1Mbps […]
Sri Lanka says 29 killed in fighting
April 19, 2008 (AFP) – At least 28 Tamil Tiger rebels and one soldier have been killed in artillery duels across Sri Lanka’s war-ravaged north, the defence ministry said on Saturday.Security forces killed 25 members of the Liberation Tigers of Tamil Eelam (LTTE) in Mannar district while three others were killed in nearby Weli Oya […]
Iranian president to inaugurate Sri Lanka hydro-power project
April 19, 2008 (AFP) – Iran’s President Mahmoud Ahmadinejad will travel to Sri Lanka later this month to inaugurate construction of an Iranian-funded hydroelectricity project, the government said on Friday.Iran is paying for the 450-million-dollar Uma Oya power project which is slated to produce 100 megawatts of electricity annually. “The Iranian president will be arriving […]
‘s strengths: analysts
SAN FRANCISCO, April 18, 2008 (AFP) – Tough times in the US economy play into Google’s strength as businesses trust the Internet giant to best target their precious advertising dollars, analysts said Friday.While the US economy staggers and the dollar sinks, Google’s profits defied worries and soared to 1.31 billion dollars in the first three […]
Iran says oil price too low at 115 dollars a barrel
TEHRAN, April 19, 2008 (AFP) – Even at 115 dollars a barrel, oil is priced too low, Iranian President Mahmoud Ahmadinejad said in comments published on Saturday adding that the commodity “should find its real value”.“Oil at 115 dollars a barrel in today’s market is a deceiving figure, oil is a strategic commodity and should […]
Malaysian special ops to protect Olympic torch: report
KUALA LUMPUR, April 19, 2008 (AFP) – Malaysia will deploy an elite police squad along with 1,000 police officers to protect the troubled Olympic torch relay amid fears that protesters will disrupt the leg, a report said Saturday.The torch arrives early Sunday, Malaysian Olympic officials said, ahead of Monday’s relay.It will be kept at an […]
Marks and Spencer agrees India joint venture
LONDON, April 18, 2008 (AFP) – Marks and Spencer said Friday it had entered into a joint venture with Reliance Retail of India in the hope of establishing the British food-to-clothes retailer as a “major retail brand” in South Asia. “Reliance Retail is the ideal partner for us to accelerate our expansion and create the […]
Bank of England to pump 100 bln dlrs into banking system: BBC
LONDON, April 18, 2008 (AFP) – Britain’s central bank is to pump an extra 50 billion pounds (63.4 billion euros, 99.9 billion dollars) into the banking system as early as the end of next week, BBC television said Friday. Without citing sources, the broadcaster said the Bank of England would issue one-year bonds over three […]