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Sri Lanka mulls introducing derivatives contracts
Oct 16, 2007 (LBO) – Sri Lanka’s financial sector has been advised to exercise caution in launching derivatives which are yet new instruments in the island.Derivatives are useful financial instruments that help manage risks and give depth to financial markets, Indian experts said. But designing and launching derivatives instruments can be tricky and two-thirds of […]
Minor Injuries
Oct 16, 2007 (LBO) – As global markets are going through a painful hangover from a US housing bubble, the head of a ‘big four’ accounting firm says Asia will remain largely unaffected. Jim Turley: I don’t think there is going to be a lasting effect of this on compliance cost because institutions that are […]
Sri Lanka seeks to lure visitors with local cuisine
Oct 16, 2007 (LBO) – Sri Lankan cuisine should be promoted as a new attraction for tourists that will give the local tourism industry a better edge and greater yields, officials with the tourism bureau say.Sri Lanka, with an array of different food items has ignored the qualities of food and has not paid enough […]
‘s Heathrow
LONDON, Oct 15, 2007 (AFP) – Two aircraft collided on the ground at London’s Heathrow Airport on Monday evening, an airport spokesman told AFP.“Heathrow Airport can confirm that two aircraft were involved in an incident on the ground earlier this evening,” the spokesman said. “There are no reported injuries and passengers are in the process […]
Sri Lanka apparel firm bags fair trade tag
Oct 16, (2007) A woven fabric processor of the Sri Lanka apparel giant Brandix has won fair trade certification, allowing the group to penetrate niche markets, the company said.Brandix Textiles had received the Fair Trade and Organic certifications from the Institute for Marketecology (IMO) of Switzerland. The Fair Trade and Organic certifications are an important […]
Environmentalists target iPhone for lawsuit
OAKLAND, California, Oct 16, 2007 (AFP) – Environmentalist lawyers are threatening to sue Apple in 60 days if the iconic US company doesn’t make iPhones greener or warn buyers of toxins in the devices.The Center for Environmental Health in Oakland, California, sent Apple notice on Monday after environmental activist group Greenpeace released a scientific analysis […]
Oil at record high above 86 dollars in Asia
SINGAPORE, Oct 16, 2007 (AFP) – Oil traded at a record high in Asia of 86.29 dollars a barrel on Tuesday amid mounting tension between Turkey and Kurdish rebels in Iraq.In early morning trade New York’s main oil futures contract, light sweet crude for delivery in November, was 16 cents higher than the 86.13 dollars […]
Sri Lankan wild life park scene of fresh fighting
Oct 16, 2007 (AFP) – Tamil Tiger rebels have overrun a military post inside Sri Lanka’s most popular wildlife sanctuary, officials said Tuesday amid a surge in fighting ahead of the economically crucial tourist season.The defence ministry said the latest round of fighting over a 24-hour period — both in the wildlife park in the […]
Sri Lanka clashes kill 38
Oct 16, 2007 (AFP) – At least 38 Tamil Tiger rebel fighters and government soldiers have been killed in fresh fighting in Sri Lanka, the defence ministry said Tuesday.The guerrillas killed seven soldiers in an attack inside the Yala National Park, Sri Lanka’s main wildlife sanctuary in the southeast, a military official said. Six of […]
Sri Lankan Tigers kill six soldiers inside wildlife park
Oct 16, 2007 (AFP) – At least six government troops were killed when Tamil Tiger rebels attacked a military position inside Sri Lanka’s main wildlife sanctuary, military officials said Tuesday.The bodies of the six men were found at first light Tuesday following an overnight attack on an army detachment inside the Yala National Park in […]