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Sri Lanka to entice Arab tourists in deal with Al-Jazeera
Feb 13, 2008 (LBO) – Sri Lanka’s tourism industry is targeting Middle Eastern visitors by tying up with Al-Jazeera TV to make up for dwindling numbers from traditional European markets, officials said. “There is a need to be more aggressive in promoting the country’s image among Middle East travellers,” deputy minister of tourism Faiszer Musthapha […]
Sri Lankan cloves prices stabilize after tumble
Feb 13, 2008 (LBO) – Prices of Sri Lankan clove have stabilized after a sharp fall last month, a senior official has said. But growers are expected to start harvesting more as prices firm and also to do replanting. Gulam Chatoor of the Spices & Allied Products Producers’ and Traders’ Association (SAPPTA) said producers and […]
World oil market could be set for lengthy slowdown: IEA
PARIS, Feb 13, 2008 (AFP) – The world oil market could be set for a lengthy slowdown, the International Energy Agency said on Wednesday, signalling a sharp shift in the climate which pushed the oil price to 100 dollars last month.The IEA is based in Paris and is an offshoot of the OECD. “Just as […]
” to Aborigines
CANBERRA, Feb 13, 2008 (AFP) – Australian Prime Minister Kevin Rudd made an historic apology to Aborigines Wednesday for injustices committed over two centuries of white settlement, saying he wanted “to remove a great stain from the nation’s soul.” The apology represented a watershed in Australia’s often fraught history of race relations, with television networks […]
Security Council slams use of children in armed conflict
UNITED NATIONS, Feb 12, 2008 (AFP) – The UN Security Council on Tuesday slammed the continuing recruitment and use of children in armed conflict and deplored the systematic use of rape and other forms of sexual violence against them.It did so in a non-binding statement adopted at the end of a day-long debate attended by […]
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PARIS, Feb 12, 2008 (AFP) – In a scorching annual report, Reporters Without Borders blamed Wednesday the “impotence, cowardice and duplicity” of some Western countries and top world bodies that it said threatened press freedom.“The spinelessness of some Western countries and major international bodies is harming press freedom,” said Robert Menard, head of the Paris-based […]
US, banks unveil aid for homeowners facing foreclosure
WASHINGTON, Feb 12, 2008 (AFP) – US Treasury Secretary Henry Paulson on Tuesday unveiled a new private sector-led program backed by six leading home lenders to help homeowners facing foreclosure in a deepening real-estate slump to keep their homes.The plan would allow borrowers at immediate risk of losing their homes an opportunity to pause the […]
Sri Lanka accuses human rights bodies of bias
Feb 13, 2008 (LBO) – Sri Lanka Wednesday accused international human rights groups of being silent in the wake of a string of bomb attacks blamed on the Tamil Tigers that killed scores of civilians including 14 school children. “None of the international human rights organizations have even raised a voice or given a statement […]
Sri Lanka shares end higher as funds return
Feb 12, 2008 (LBO) – Sri Lankan shares ended higher Tuesday with brokers saying there was interest across a range of sectors with institutional buying evident.The All Share Price Index went up 0.36 percent or 9.07 points to 2,494.84 while the more liquid Milanka index ended up 0.52 percent or 16.01 points at 3,123.31 with […]
Aitken Spence Hotels cuts Sri Lanka losses, regional net up
Feb 12, 2008 (LBO) – Aitken Spence Hotels has boosted net profits by 78 percent in the December quarter and slashed its Sri Lanka losses in the first nine months of the current financial year, its latest results show. Pre-tax losses in Sri Lanka fell to 195.6 million rupees from 285.7 million rupees in the […]