All Blogs
” being treated in US: report
Jakarta, Indonesia (AFP) – An Indonesian villager dubbed “Tree Man” for massive bark-like warts growing on much of his body may be barred from travelling to the United States to receive treatment, a report said Tuesday. Woody growths entirely cover 32-year-old Dede’s hands in long, root-like tendrils that leave him unable to work — except […]
Maldives police hunt for second bomb
Nov 22, 2007 (AFP) – Maldivian authorities are searching for a second bomb believed to have been part of a plot by Islamic extremists to attack the country’s vital tourism industry, police said Thursday. Police are also investigating possible links with foreign militant groups after the Indian press reports highlighted that some of the suspects […]
Following Fed revision, dollar plunges to new record euro low
NEW YORK, Nov 21, 2007 (AFP) – The dollar slumped to a fresh record low against the euro Wednesday as weaker US growth projections and the prospect of another cut in interest rates hurt the greenback. The European single currency struck a record peak of 1.4870 dollars — the highest since the euro’s creation in […]
Sri Lanka England tour opener ends in draw
Nov 22, 2007 (AFP) – England drew their first match of the Sri Lanka tour on Thursday after gaining useful batting practice at the Colombo Cricket Club. The tourists, replying to Sri Lanka Cricket XI’s mammoth 500-5 piled over the first two days of the practice match, scored 315-6 on the final day before the […]
”
Nov 22, 2007 (AFP) – Sri Lanka’s government is to outlaw a charity believed to be a front organisation for separatist Tamil Tiger rebels, media minister Anura Yapa said Thursday.Ministers met Wednesday and decided to proscribe the Tamil Rehabilitation Organisation (TRO) whose bank accounts were frozen by the Central Bank of Sri Lanka last year, […]
Sri Lanka record money printing revealed
Nov 22, 2007 (LBO) – Sri Lanka has engaged in an unprecedented money printing and reserve appropriation drive running into 45 billion rupees to bridge a widening budget deficit that sent inflation skyrocketing in 2007, newly released data has revealed. By September 2007 total central bank credit to government (printed money) had risen to a […]
Sri Lanka treasuries yields shoot up as dollar honeymoon ends
Nov 21, 2007 (LBO) – Sri Lanka’s benchmark 3-month Treasury yields shot up 33 basis points to 16.07 percent Wednesday, ending a near month long honeymoon from a sovereign bond that made markets liquid and sent rates plummeting. Due a flaw in Sri Lanka’s monetary law the Central Bank could be used by the government […]
Vital Links
Nov 21, 2007 (LBO) – Sri Lanka is in danger of losing an opportunity to emerge as a logistics hub for the south Asian region unless it acts to improve port efficiency, fast track infrastructure projects and cut red tape, officials said Wednesday. “Apart from peace, the most important requirement for Sri Lanka is logistics,” […]
KE Strategy
Nov 21, 2007 (LBO) – Sri Lanka could boost economic activity and social well-being through a knowledge economy (KE) strategy that makes better use of ‘grey matter’ the World Bank has said. “With globalization and the technological revolution of the last few decades, knowledge has clearly become the key driver of competitiveness and is now […]
Dubai port firm nets 4.96 billion dollars in IPO
DUBAI, Nov 21, 2007 (AFP) – Dubai port operator DP World said on Wednesday that the proceeds of its initial public offering (IPO) totalled 4.96 billion dollars, making it the largest ever in the Middle East. The world’s fourth largest container port operator said the IPO priced its shares at 1.30 dollars — the top […]