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Maldives tourist paradise flourishes at 35
KURUMATHI ISLANDS, Maldives(AFP) – Sabrina Chang decided this year to treat herself to a fancy vacation, opting to stay in a thatched bungalow over a lagoon in the Maldives where a swim with exotic fish is as common as taking a stroll. The Maldives is celebrating the 35th anniversary since its first two resorts opened […]
Uncapped Sri Lanka spinner to replace Muralitharan
Sept 1, 2007 (AFP) – Sri Lankan cricket selectors Saturday picked uncapped off spinner Dilruwan Perera to replace the injured Muttiah Muralitharan in the ICC World Twenty-20 championships in South Africa. “It is with regret we inform our cricket fans that Muttiah Muralitharan has been compelled to pull out of the Twenty-20 World Cup squad […]
‘s Susanthika aims for Olympics
OSAKA, Japan, Sept 1, 2007 (AFP) – America’s Allyson Felix named Beijing Olympics gold as her number one priority after scorching to a morale-boosting win in the world 200 metres final. The defending champion became the first woman to run under 22 seconds in eight years, smashing her personal best with 21.81 seconds as she […]
‘s mistakes taught Singapore to do different: Lee Kwan Yew
August 31, 2007 (LBO) – The mistakes of Sri Lanka and other newly independent ‘failed states’ made Singapore go in a different direction, its founding prime minister told the International Herald Tribune (IHT) in an interview. Lee Kwan Yew, now minister mentor, said when Singapore broke off from the Malayan Federation it had a hostile […]
Sri Lanka central bank talks up the rupee
August 31, 2007 (LBO) – Sri Lanka’s central bank is talking up the rupee saying a one percent fall in the currency during the past two weeks is ‘unwarranted’ because exports are strong, imports weak and remittances are flowing in.The comments came after the spot dollar broke the 113.00 rupee barrier this week and the […]
Sri Lanka smallholder tea factory capacity outgstrips leaf
August 31, 2007 (LBO) – Sri Lanka’s tea industry in the southern part of the region where low grown teas are cultivated mainly by smallholders have too many factories chasing the available leaf supply, a top industry official said. Smallholders, who now produce more than half the island’s tea crop, have grown rapidly in the […]
Techy Production
August 31, 2007 (LBO) – MAS Intimates, a division of Sri Lanka’s MAS Holdings specializing in lingerie, has won a top award by the enterprise resources software maker SAP for the deployment and use of its technology, the group said.Operating 28 manufacturing facilities worldwide, MAS offer design services through studios in the UK and Hong […]
Zimbabwe orders wage freeze to combat 7,600% inflation
HARARE, Aug 31, 2007 (AFP) – Zimbabwe President Robert Mugabe has banned all pay rises without authorisation and given himself extra powers in a new bid to curb the world’s highest inflation rate, state media said Friday. As part of the measures, all rents, school fees and service charges must be frozen for the next […]
” talk
NEW YORK, Aug 30, 2007 (AFP) – Specialized blogs are abuzz this week with rumors that Internet giant Google will soon launch the “Google Phone” or “GPhone,” a cheap mobile phone equipped with Google’s operating system. Several hackers have recently boasted of having found the way to “unblock” the iPhone and make it work with […]
Dollar rangebound ahead of speech by US central bank chief
TOKYO, Aug 31, 2007 (AFP) – The dollar was rangebound in cautious Asian trade Friday as investors waited for a speech by the US central bank chief after recent volatility over the housing sector, dealers said.The dollar inched up to 115.99 yen in Tokyo morning trade from 115.86 in New York late Thursday. The euro […]