All Blogs
Sri Lanka says more than 30,000 homeless after floods
Dec 18, 2007 (AFP) – Heavy monsoon showers have driven more than 30,000 people from their homes in eastern Sri Lanka, authorities said Tuesday, and delayed the start of a key cricket match with the visiting England team.Incessant weekend rains made some roads impassable, while rice fields were flooded, the national disaster management centre said. […]
Sri Lanka climate change may ravage agriculture, coast areas
Dec 18, 2007 (LBO) – Rising temperatures over the next couple of decades will ravage Sri Lanka’s dry zone agriculture and a possible sea level rise will affect the coastal economy a top climate change expert has warned. A temperature rise in the next few years is feared even if big polluters decide to cap […]
Sri Lanka stocks weaker, rupee steady
Dec 17, 2007 (LBO) – Sri Lanka stocks closed 0.55 percent lower amidst lackluster trading Monday, while the rupee was steady against the greenback at 108.95/109.00 dealers said. The All Share Index fell 13.75 percent to close at 2,493.27 while the Milanka Index of liquid stocks ended the day at 3,253.5, 0.6 percent lower (down […]
Changes
Dec 17, 2007 (LBO) – Senior central banker P M Nagahawatte would be appointed as chairman of the National Development following the resignation of its long-time chairman, the bank said Monday. S K Wickremesinghe who was chairman of NDB for nine years has resigned with effect from January 01. Sena Yaddehige has been confirmed as […]
Sri Lanka tourism to lure Indians on a legendary trail
Dec 17, 2007(LBO) – Sri Lanka plans to attract more Indian tourists next year on the trail of a legendary tale where an Indian prince was said to have come to the island to rescue his kidnapped wife, officials said. Sri Lanka’s Tourism Promotion Bureau says Sri Lanka has 34 sites related to the ancient […]
Visa Inflation
Dec 17, 2007 (LBO) – Visa fees for Sri Lankans traveling to the United States has increased from 100 US dollars to 131 US dollar, the US embassy in Colombo said. Applicants who have paid the 100 dollar fee before January 01 would be processed until January 31, but if the interview is after that […]
Turbulence Strategy
Dec 17, 2007 (LBO) – Sri Lanka’s companies can make money in even the most turbulent times by redefining marketing strategies to get the best results, a senior official of top celco Dialog Telekom’s told a forum of marketers. “Even during a turbulent time, there is an opportunity in brand building,” said Nushad Perera, Dialog […]
‘s roots under the hammer in New York
NEW YORK, Dec 17, 2007 (AFP) – Arguably the most important document ever to be auctioned goes on sale Tuesday when the Magna Carta, an 800-year-old English royal manuscript, goes under the hammer at Sotheby’s in New York. The royal charter, dated 1297 and bearing the wax seal of King Edward I, enshrined the rights […]
Money printing Iran blames critics for 19.1-pct inflation; money supply growth 40-pct
TEHRAN, Dec 16, 2007 (AFP) – President Mahmoud Ahmadinejad on Sunday blamed his political rivals and the global economy for stoking inflation in Iran, amid increasing domestic criticism of his economic policies.Prominent moderates such as reformist ex-president Mohammad Khatami have publicly lambasted Ahmadinejad for his handling of the economy in recent weeks. In a prime-time […]
Saudi king pardons female rape victim: report
RIYADH, Dec 17, 2007 (AFP) – Saudi Arabia’s King Abdullah has pardoned a teenage girl sentenced to six months in jail and 200 lashes after being gang raped, Al Jazirah newspaper reported on Monday.The ruling against the 19-year-old girl in the ultra-conservative Muslim kingdom had attracted widespread international condemnation, including from human rights groups and […]