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Medicine Men
Feb 23, 2008 (LBO) – Sales representatives of Sri Lankan medical firms are to be given identity cards through the pharma industry and given access to government hospitals during specified hours. They would also have to observe a strict code of conduct under a deal worked out between the industry and the health ministry to […]
Submarine Mafia
Feb 23, 2008 (LBO) – Sri Lanka’s coastal fisheries and coral reefs are being destroyed by a rapid rise in dynamite blasted ‘fishing’, with the lucrative practice now exploding into an organized crime involving big money, officials said. . Dyanamite fishing is a destructive way of killing fish by setting off explosives underwater so that […]
Singapore Airshow sees 13.4 billion dollars in deals: organisers
SINGAPORE, Feb 23, 2008 (AFP) – The Singapore Airshow saw more than 13.4 billion US dollars in sales of aircraft and related equipment this week, thanks to a booming aviation market, organisers have said. Another 2.6 billion dollars was generated from contracts for facilities and other services, they said in a statement issued late Friday, […]
Commodities boom as Fed money printing weakens dollar
LONDON, Feb 22, 2008 (AFP) – The price of oil soared to an historic high above 101 dollars this week, while gold and platinum also scored record peaks as speculators dived into already buoyant commodities markets. The Eastern Index slid to 9.74 Australian dollars a kilo, from 9.92 Australian dollars a week earlier. Prices of […]
Sri Lanka bomb blast outside capital injures 17: military
Feb 23, 2008 (AFP) – A parcel bomb exploded on a bus in a Colombo suburb on Saturday, wounding at least 17 people in the latest in a string of violent attacks, the defence ministry said.But casualties would have been far greater if an alert passenger had not spotted the booby-trapped package and shouted at […]
Sri Lanka bus blast in Colombo south
Feb 23, 2008 (LBO) – A bomb exploded in a bus in Mount Lavinia, a suburb south of the Sri Lanka’s capital Colombo Saturday, police said. The office of Sri Lanka’s police spokesman said at least two bus passengers were injured. Passengers had discovered the bomb and most of them were already out of the […]
Bomb blast outside Sri Lanka capital injures eight: hospital
Feb 23, 2008 (AFP) – A bomb went off in a bus in a Colombo suburb on Saturday, wounding at least eight people, a hospital official said. Passengers were evacuated from the bus in the town of Mount Lavinia after the crew raised the alarm over a suspicious parcel left inside the vehicle, Sri Lankan […]
Sri Lankan retail investors play on mid-sized stocks
Feb 22, 2008 (LBO) – Sri Lankan stocks closed lower amid profit taking but retailers were selectively betting on mid sized stocks, brokers said. The All Share Price Index lost 6.18 points or 0.25 percent to end at 2,510.79 while the more liquid Milanka index was hardly changed at 3,163.75 with turnover being 270 million […]
Aitken Spence India strategy to dwarf Sri Lanka
Feb 22, 2008 (LBO) – Sri Lanka’s Aitken Spence Hotels is on track to control around 1,400 rooms in India within two years, making them overtake domestic operations unless new hotels are built in the island, an official said. The firm has bagged eight management deals in India, some with equity participation, which will see […]
Rebuilding Mobility
Feb 22 2008, (LBO) – A Sri Lankan inventor is setting up a facility to provide customized artificial limbs to thousands who have lost their limbs to war, disease and accidents.. “My aim is to cater to disabled soldiers who have sacrificed so much for us and diabetic patients who are amputees and victims of […]