All Blogs
Sri Lanka poultry breeder shifts to modern facility
April 13, 2008 (LBO) – Poultry breeder Three Acre Farms Limited (TAFL) plans to relocate some of its operations to a facility which is being fitted with modern farming equipment and infrastructure, the company said. “Over the next two years, the commercial broiler operation at Bulathsinghala will be relocated and the existing facility will be […]
Clashes leave dozens dead in Sri Lanka: ministry
April 13, 2008 (AFP) – Sri Lanka marked its traditional new year Sunday with government forces and Tamil separatists locked in fierce combat resulting in losses on both sides, defence officials said.Security forces pounded Tamil Tiger positions in the rebel-held northern Wanni region and troops smashed bunkers belonging to rebels in the Jaffna peninsula, further […]
Sri Lanka power supply fails country-wide
April 13, 2008 (LBO) – Sri Lanka’s national power grid operated by state-run Ceylon Electricity Board (CEB) failed late morning Sunday as the island was preparing to celebrate a local New Year festival. By 11.30 am the power utility had started restoring supply to part of the capital Colombo. Officials said a generator in the […]
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WASHINGTON, April 12, 2008 (AFP) – Rising prices, especially for food, could have terrible consequences for the world, including the risk of war, and action needs to be taken to keep inflation in check, the IMF head said Saturday. “Food prices, if they go on like they are doing today …the consequences will be terrible,” […]
Sri Lanka hammered by Chanderpaul, Samuels and rain
PORT-OF-SPAIN, Trinidad, April 13, 2008 (AFP) – Sri Lanka ran into the rampant pair of Shivnarine Chanderpaul and Marlon Samuels, and lost the rain-marred second one-day International against West Indies by seven wickets under the Duckworth-Lewis Method on Saturday.Chanderpaul smote three fours and two sixes in an unbeaten 52 from 42 balls, and Samuels struck […]
Ron Paul slams Federal Reserve as US money printing de-stabilize world
April 13, 2008 (LBO) – Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the salaries of workers and savings of older people. Paper money from pure fiat central banking, backed by nothing other than government debt – a process that was born after the gold […]
Bad Justice
April 12, 2008 (AFP) – A Sri Lankan court has released a man who was held in custody for 55 years without charge, a report said on Saturday. Thantriye Emis Singho, 83, was arrested by police in 1953 for carrying a sword in a Colombo suburb. A court sent him to a state-run mental hospital […]
Price Competition
April 12, 2008 (LBO) – Sri Lanka’s Electroteks which is to operate the island’s sixth mobile telephony firm with India’s Reliance says it will be offering stiff price competition to existing players. Updated Electroteks is to tie up with India’s Reliance Communications (RCom) to start mobile services. Electroteks chief B A C Abeywardene says the […]
”: Paulson
WASHINGTON, April 12, 2008 (AFP) – The global economy faces “considerable challenges” in the shape of a slowing US economy, financial market turmoil and higher inflation, US Treasury Secretary Henry Paulson said Saturday. Paulson, addressing the spring meeting of the International Monetary and Financial Committee, said global growth had been favorable in past years but […]
Rising inflation in Europe prompts strike threats
PARIS, April 12, 2008 (AFP) – Inflation in Europe, far from being throttled as suggested in some quarters only 18 months ago, is alive and kicking hard at the middle classes as well as ordinary workers.Price rises, and consequent constraints on living standards, are pushing trade unions into confrontation with management in many countries. A […]