All Blogs
‘s Brandix clothing exporter cuts energy, water use with redesigned plant
April 15, 2008 (PBO) Sri Lanka’s Brandix Group, which exports clothes to international retailer Marks & Spencer, has spent 2.5 million dollars to redesign a 30-year-old factory to meet ‘green’ factory standards. The conversion achieved a 45 percent saving in energy, cut water consumption by nearly 60 percent, improved solid waste management and reduced carbon […]
Daughter of assassinated Indian PM says met conspirator in prison
NEW DELHI, April 15, 2008 (AFP) – The daughter of assassinated Indian premier Rajiv Gandhi on Tuesday confirmed she had met one of the people behind her father’s murder. Priyanka Gandhi Vadra said meeting Nalini Sriharan at her prison helped her come to terms with the killing of her father by a suicide bomber in […]
Pakistan to reduce money printing amid high inflation: finance minister
April 15, (LBO) – Pakistan will reduce its borrowings from the Central Bank in the coming months to cut inflation, newly appointed finance minister Ishaq Dar has said. “Government borrowings have been quite excessive from the central bank in the last nine months,” Dar was quoted as saying in Bloomberg at the IMF meetings in […]
White House releases US$200mn in food aid after printing money to create commodity bubble
WASHINGTON, April 14, 2008 (AFP) – The White House on Monday authorized the release of 200 million dollars in emergency food aid to help alleviate a growing global food crisis, a spokeswoman said. “With this action, an estimated 200 million in emergency food aid will be made available through the US Agency for International Development,” […]
Sri Lanka told to clean up human rights record
April 15, 2008 (AFP) – A team of top legal luminaries told Sri Lanka’s government on Tuesday to clean up its human rights record, saying an escalating war against Tamil Tiger rebels had brought with it grave abuses. Updated The International Independent Group of Eminent Persons (IIGEP), comprising experts from several countries, the European Union […]
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil companies gave bids, petroleum minister A H M Fowzie said. . “We are only evaluating the block for which we received three bids,” Fowzie told reporters Tuesday. […]
Hedging Profits
April 15, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing losses from retailing petroleum below-cost in that month. . “In March we lost 3,769 million rupees retailing fuel, but a hedging contract with Citibank earned us about 580 million rupees,” […]
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka’s Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, to handle oil exploration. A well-structured institutional arrangement should exist for policy formulation, management, regulation, and supervision of oil exploration, development and production, it said in its newly released 2007 […]
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BERLIN, April 14, 2008 (AFP) – Massive production of biofuels is “a crime against humanity” because of its impact on global food prices, a UN official said Monday on German radio.. “Producing biofuels today is a crime against humanity,” UN Special Rapporteur for the Right to Food Jean Ziegler told Bayerischer Runfunk radio. Using arable […]
‘s day: military
April 14, 2008 (AFP) – Security forces smashed through defences of Tamil separatists in northern Sri Lanka, killing at least five rebels as the country marked the traditional new year, the defence ministry said Monday.Government troops captured eight bunkers of the Liberation Tigers of Tamil Eelam (LTTE) in the Jaffna peninsula on Sunday, the day […]