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‘s inflation 2.1 percent in September
BANGKOK, Oct 1, 2007 (AFP) – Thailand’s inflation rate in September rose to 2.1 percent year-on-year due to a spike in food prices and rising fuel prices, the Commerce Ministry said Monday. Thailand’s economy is expected to grow just over four percent in 2007, ranking among the lowest in Southeast Asia. The September figure was […]
US corners 42 percent of world arms market
WASHINGTON, Oct 1, 2007 (AFP) – The United States reaffirmed last year its leadership in world arms trade, cornering nearly 42 percent of the market as the wars in Iraq and Afghanistan prompted a weapons shopping spree among neighboring nations, according to a congressional report set to be released Monday. But the overall volume of […]
Sri Lanka Union Bank get capital from Arabian prince
Oct 01, 2007 (LBO) – Union Bank has got a 420 million rupee capital infusion from Saudi Arabia that will help it meet new Sri Lankan Central Bank regulations for capital by the end of 2009. Prince Faisal Al Faisal, the grandson of King Faisal of Saudi, placed the investment in the last week of […]
Cricket: Maharoof bowls Sri Lanka to victory
DAMBULLA, Sri Lanka, Oct 1, 2007 (AFP) – Farveez Maharoof grabbed four big wickets as Sri Lanka posted an emphatic 119-run victory over England in the opening one-day international here on Monday. The seamer dismissed Kevin Pietersen, Ian Bell and debutant Phil Mustard in his opening four overs as England were bowled out for 150 […]
Sri Lanka stars join Twenty20 league in India
NEW DELHI, Oct 1, 2007 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan and skipper Mahela Jayawardene have signed up for the new Twenty20 league in India next year, the cricket board said Monday.The two stalwarts head a list of eight Sri Lankan players who have penned deals with the Board of Control for Cricket […]
Ocean Freight
Sept 30 (LBO) – Sri Lankan shippers say the government should follow the example of other countries in the region like India and China and introduce laws to curb the powers of shipping lines acting like cartels. The Global Shippers’ Forum and Asian Shippers Council at their recent meeting in Singapore called upon Asian governments […]
BPO Game
BANGALORE, India, Sept 30, 2007 (AFP) – India remains the favoured technology outsourcing destination, an industry report said Sunday, amid concerns a rising rupee and soaring wages would blunt the country’s competitive edge. Pure-play outsourcing firms account for about 10 percent of the 50 billion dollars in revenue logged in the year ended March by […]
While France fusses, Germany welcomes a surging euro
LONDON, Sept 30, 2007 (AFP) – The high-flying euro, which last week soared from record to record against the dollar, has sparked sharply contrasting reactions in France and Germany, with Paris complaining and Berlin applauding.The single currency, shared by 11 other European nations besides France and Germany, shot to a new all-time high of 1.4263 […]
Six rebels killed in Sri Lanka: army
Sept 30, 2007 (AFP) – Sri Lanka’s military has killed six suspected Tamil Tiger rebels along front lines in the northwest of the island, the defence ministry said Sunday. The military suffered no casualties in the confrontation, which took place in the Kallikulam area in Mannar late Saturday, the statement added. No independent confirmation was […]
” over sovereign bond
Sept 29, 2007 (LBO) – The controversy over a sovereign bond took a new turn with Sri Lanka’s finance ministry saying the country’s president could approve any foreign borrowing, in a statement sent to selected local media. Questions had also been raised about the timing of the issue, in the light of turmoil in global […]