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Factory worker to tax chief to finance minister of economic powerhouse
BEIJING, Aug 30, 2007 (AFP) – Starting off as a machine factory worker, Xie Xuren worked his way up through the ranks of China’s ruling Communist Party to on Thursday become the nation’s finance minister.According to the official biography, Xie also boasts engineering credentials from when he served as a worker, technician, machinist and deputy […]
Sri Lanka wins 200m bronze at Osaka
August 31, 2007 (LBO) – Sri Lanka’s Susanthika Jayasinghe won the bronze medal for the women’s 200 meter event at the international athletics championships in Osaka Friday. Jayasinghe was disqualified for the 100 meter event due a false start. Allyson Felix won gold with a time of 21.81 seconds and Jamaica’s Veronica Campbell won silver […]
” for injury
Aug 31, 2007 (AFP) – Sri Lanka’s star spin bowler Muttiah Muralitharan believes he will need just rest not surgery for his nagging shoulder injury, his manager said Friday.“He needs rest for about four weeks and physiotherapy,” manager Kushil Gunasekera told AFP. The off-spinner will return to Colombo as scheduled on Sunday from his English […]
Sri Lanka journalists march against intimidation
Aug 30, 2007 (AFP) – Dozens of Sri Lankan journalists took to the streets Thursday to condemn censorship and support a columnist who exposed alleged corruption in the purchase of second-hand supersonic jets.Reporters, cameramen and editors carried placards and chanted slogans outside the main railway station in Colombo, expressing solidarity with Iqbal Athas of the […]
‘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 […]
Gas Formula
August 31, 2007 (LBO) – Sri Lanka’s liquid petroleum gas (LPG) prices are to be adjusted every two months on a price formula agreed with the island’s consumer authority, Shell Gas Lanka said. Economic analysts say frequent changes in LP gas prices, which are only used in a third of the households in the country, […]
Sri Lanka August inflation eases to 17.3%
August 31, 2007 (LBO) – Consumer prices in Sri Lanka’s capital Colombo eased 0.8 percent in the month August, with the 12-month inflation at 17.3 percent from 17.6 percent a month ago, the government’s statistics office said. The food category of CCPI index registered 5,177.3 points or 15.2 percent lower in August 2006, compared to […]
Sri Lanka needs stronger laws, value addition to develop gem trade
August 31, 2007 (LBO) – Updating laws on gem mining and trade, value addition and better certification methods will help Sri Lanka to develop the country’s gem industry, officials said. Minister of export development and international trade G L Peiris, opening the Facets2007 gem exhibition said the country’s policy structure that addresses the concerns of […]
Sri Lanka rupee trades marginally lower against greenback
August 30, 2007 (LBO) – The Sri Lanka rupee traded at a low of 113.17 against the greenback and closed at 113.12/18 Thursday, a day after it broke the resistance level at 113 rupees, dealers said.The rupee traded at 113.10 yesterday and also closed at 113.12/18 despite mild official intervention through a state name. The […]
Citi Performance
August 30, 2007 (LBO) – Citibank’s Sri Lanka unit net profits zoomed 82 percent in the first half of 2007 driven by hefty foreign exchange gains, interim results released by the bank showed.However the bank’s total loan book grew to 13.5 billion rupees from 9.7 billion and gross assets grew to 27.1 billion from 24.0 […]