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WASHINGTON, Oct 12, 2007 (AFP) – A former top US military commander in Iraq said Friday that the current White House strategy in Iraq will not achieve victory in the four-and-a-half-year war, which he described as “a nightmare with no end in sight.” In the bluntest assessment of Iraq by a former senior Pentagon official […]
” solution to conflict
NEW DELHI, Oct 13, 2007 (AFP) – Sri Lanka’s President Mahinda Rajapakse on Saturday said Colombo remained open to a “negotiated and sustainable” solution to the island’s escalating ethnic conflict.Tens of thousands of people have been killed since the eruption of the decades-old Tamil separatist insurgency which has grown deadlier since the collapse of a […]
Port Bids III
Oct 12, 2007 (LBO) –Sri Lanka’s Aitken Spence conglomerate said Friday that it appeared to have made the highest bid to build and operate a new container terminal in Colombo port. The company bid for the project in alliance with Port of Singapore Authority (PSA Corp) which runs the port of Singapore. “It appears from […]
Copycats
Oct 12, 2007 (LBO) – Sri Lankan companies should keep a close tab on the trade marks registry to ensure protection of their own marks, an intellectual property rights lawyer said Monday. Not being alert may result in copycat competitors registering similar trade marks and capturing market share, president’s counsel Harsha Cabral said. From multinational […]
‘s forex reserves top 1.43 trillion dollars
BEIJING, Oct 12, 2007 (AFP) – China’s foreign exchange reserves, already the world’s largest, surpassed 1.43 trillion dollars at the end of September, the central bank said Friday. The figure was up 45.1 percent from a year earlier, the central bank said in a statement posted on its website. The news came the same day […]
Sri Lankan fighting kills 12
Oct 12, 2007 (AFP) – At least 11 Tamil Tiger rebels and a government soldier were killed in clashes across Sri Lanka’s embattled northern region, the defence ministry said Friday.Six members of the Liberation Tigers of Tamil Eelam (LTTE) and the soldier died in the Wanni region while four more guerrillas were killed further north […]
Sri Lanka country-wide inflation rockets to 21%
Oct 12, 2007 (LBO) – Sri Lanka’s country-wide inflation has rocketed to 21 percent in July 2007 even as authorities derided a more widely watched price index that measures prices in the capital Colombo as being outdated. In July the Colombo Consumer Price Index (CCPI) only showed a 17.6 percent increase over the previous 12-months […]
Port Bids II
Oct 11, 2007 (LBO) – The Sri Lankan government Thursday opened four financial bids by private sector consortia to build a new container terminal in the new Colombo south port project, officials said. No official word of the bids was available but a consortium including PSA Corp and an independent bid by Hutchison Port Holdings […]
”’ pancake mix
Oct 11, 2007 (LBO) – The Hilton hotel in the Sri Lankan capital Colombo will muster up to 40 chefs to make what’s considered a record-breaking two-tonne ‘kottu roti’ pancake mix to mark its 21st anniversary. Hilton also plans to partner with the school for the deaf and blind to raise funds for the physically […]
Fed money printing drives platinum to record high, gold hits 27-year peak
LONDON, Oct 11, 2007 (AFP) – The price of platinum forged a record high on Thursday as the white metal was hit by tight global supplies, while gold soared to the best level since 1980 on the back of the weak US dollar, analysts said. Platinum surged as high as 1,408.50 dollars an ounce on […]