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Sri Lanka fears more bombings as bus toll hits 26
April 26, 2008 (AFP) – The death toll from a bus blast outside Colombo rose to 26 on Saturday as Sri Lanka warned of more indiscriminate attacks against civilians while security forces remained locked in combat against Tamil rebels.President Mahinda Rajapakse said Friday’s blast was the work of the rebel Liberation Tigers of Tamil Eelam […]
‘s ABC Insurance goes rural
April 26, 2008 (LBO) – Sri Lanka’s ABC Insurance Company says its premiums rose 300 percent to 129 million rupees in the year to March 2008, following the company’s drive to push insurance to rural areas especially among the fishing community. ABC Insurance Company which was established nearly three years ago saw its premiums from […]
‘s Bharti mobile Q4 net profit jumps 37 pct
NEW DELHI, April 25, 2008 (AFP) – India’s top mobile phone company Bharti Airtel on Friday reported fourth-quarter net profit leapt 37 percent on surging cellular phone use and it forecast a second growth wave from rural areas. Net profit for the three months to March 31 soared to 18.5 billion rupees (462 million dollars) […]
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PARIS, April 25, 2008 (AFP) – UN food agency chief Jacques Diouf on Friday warned of civil war in some countries because of global food shortages and called for a revamp of the international food system.The head of the Food and Agriculture Organization said on France 24 television that international leaders had failed to act […]
US, Britain, Interpol warn of increased terror risk in China
WASHINGTON, April 25, 2008 (AFP) – The United States and Britain issued new travel alerts warning of an increased terrorist threat in China Friday, as Interpol said Beijing must prepare for a possible Al-Qaeda attack at the Olympics.The US State Department warned Americans travelling to the Asian country of a “heightened risk that extremist groups […]
British business watchdog investigates tobacco pricing
LONDON, April 25, 2008 (AFP) – British competition authorities alleged on Friday that two cigarette companies and eleven retailers had engaged in “unlawful practices” relating to retail tobacco prices. The Office of Fair Trading (OFT) began probing tobacco pricing in March 2003 but had not revealed the investigation until Friday. “The OFT has issued a […]
Strong Showing
April 25, 2008 (LBO) – NDB Bank says it has done well with a low cost to income ratio, and having the lowest non-performing loans among local banks while being profitable and having a strong balance sheet. “The bank’s low cost income ratio among local banks also reflects its stability while the growth in its […]
Copy Cats
April 25, 2008 (LBO) – Vendors selling fake ink cartridges in Sri Lanka under the Toshiba trademark are being hunted and prosecuted, regional Toshiba officials said in Colombo. The technology firm will prosecute vendors importing and selling counterfeit Toshiba products under the Intellectual Property Laws in Sri Lanka, Jeevantha Jayatilake, legal representative for Toshiba in […]
Sri Lanka bus blast: harrowing experience
April 25, 2008 (LBO) – The driver of a bus caught in a deadly explosion that left at least 23 dead said the bomb went off towards centre or back of the bus, just as he was pulling out of the the station. Driver K D Ananda Ratnasiri of the Kesbewa bus depot, who escaped […]
Sri Lanka blast kills eight and injures dozens
April 25, 2008 (LBO) – A blast near a crowded bus station South of Sri Lanka’s capital Colombo has left at least eight dead and more than a 30 injured, police and eyewitnesses said. The explosion went off in the suburb of Piliyandala during the evening rush hour at around 6.45 pm, the defence ministry […]