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Third Vision
Feb 11, 2008 (LBO) – Sri Lanka’s top mobile operator Dialog Telekom says its third generation network will be used to provide live newsfeeds for Sri Lanka’s Derana television service. “Reporting instantly from the location through 3G video calling reduces the time lag that is usually associated with unavoidable delays in transferring recorded material for […]
Sri Lanka exporters urged to focus on food safety, product liability issues
Feb 11, 2008 (LBO) – Sri Lankan exporters should secure their shipments not only because of security but because product liability and food safety are growing concerns in western markets, a container security expert says. New global container security initiatives, which emerged as a response to terrorist threats, are now not only limited to security, […]
Hong Kong prices up as dollar peg imports US inflation
HONG KONG, Feb 11, 2008 (AFP) – On the day before the Lunar New Year festival, almost every pork butcher in Hong Kong’s Wanchai market is frantically busy with queues of housewives and maids 10 deep. Family feasts to mark the new lunar cycle — this year the advent of the year of the rat […]
Attack on Bombay stock exchange foiled: Indian police
NEW DELHI, Feb 11, 2008 (AFP) – Police in northern Indian have held six alleged Islamic militants suspected of planning an attack on the Bombay Stock Exchange (BSE), a report said Monday.India’s stock market is a potent symbol of the country’s booming economic growth.In 2007, India’s stock markets rose by a record 47.1 percent, the […]
Inflation czar Chavez threatens milk plant nationalization as price controls cause shortages
CARACAS, Feb 10, 2008 (AFP) – Venezuelan President Hugo Chavez on Sunday warned Venezuela could expropriate milk processing plants based here and owned by Italy’s Parmalat and Swiss-owned Nestle.Caracas blames exporting to other countries for the supply chain woes. Exporters blame price controls the government put in place five years ago. “It doesn’t make any […]
Sri Lanka mine attack kills two police
Feb 11, 2008 (AFP) – Two policemen were killed in a land mine blast in northern Sri Lanka on Monday, military officials said as the defence ministry said it had killed at least 68 Tiger rebels in weekend clashes. An inspector and a constable were blown up in the district of Vavuniya while on a […]
Port Bid
Feb 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) is pushing to award a container terminal concession in Colombo to Hutchison Port Holdings despite a technical committee nod for rival Port of Singapore Authority, a news report said Sunday. “The SLPA is determined to award the Colombo South Port Development Project to Hutchison […]
‘s rogue trader saga
PARIS, Feb 10, 2008 (AFP) – A new court battle will be held Monday over the detention of French rogue trader Jerome Kerviel while Societe Generale is to soon launch an eight billion dollar capital increase to cover the losses they blame on him.The decision by a Paris appeals court on Friday to back a […]
World bourses lost 5.2 trillion dollars in January: S&P
PARIS, Feb 9, 2008 (AFP) – World stockmarkets lost 5.2 trillion dollars (3.6 trillion euros) in January thanks to the fallout from the US subprime crisis and fears of a global economic slowdown, Standard & Poor’s said Saturday. But only Argentina and Taiwan slipped into negative territory for the 12-month period. “If investors thought the […]
Sri Lanka army chief vows to defeat Tiger rebels
Feb 10, 2008 (AFP) – Sri Lanka’s army chief again vowed to defeat Tamil separatists but refused to set a deadline for the end of the decades-old conflict, saying the rebels remain a potent force, a report said Sunday. Army general Sarath Fonseka said in an interview with the Lakbima weekly newspaper that a military […]