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Sri Lanka opposition groups in protest rally
July 26, 2007 (AFP) – Thousands of opposition activists and ruling party dissidents took to the streets of the Sri Lankan capital Thursday in protest against human rights violations and high living costs.Supporters of the main opposition United National Party and a group of ruling party dissidents led by former foreign minister Mangala Samaraweera marched […]
Sri Lanka court allows appeal against eviction of Tamils
July 26, 2007 (AFP) – Sri Lanka’s Supreme Court said on Thursday it would hear an appeal challenging the eviction of nearly 400 minority ethnic Tamils from Colombo by authorities in an anti-rebel drive.The court fixed a formal hearing for November. The three-judge bench granted “leave to proceed” in a case filed against the police […]
Sri Lanka to appoint joint mangers for sovereign bond
July 26, 2007 (LBO) – Sri Lanka would choose more than one lead manager to the upcoming sovereign bond issue, with evaluations of bids to begin soon after a beauty parade ends this Friday, Central Bank Governor Nivard Cabraal said. “We want to increase Sri Lanka’s reach to a broader spread of investors,” Cabraal told […]
Sri Lanka foreign reserve outflow under control: Central Bank
July 26, 2007 (LBO) – Sri Lanka’s balance of payments is under control despite the steady loss of foreign reserves in the past few weeks and the rupee coming under pressure, Central Bank officials said. The country has been losing foreign reserves since April when international reserves peaked in the wake of tight monetary policy […]
Flying Elephant
July 25, 2007 (LBO) – SriLankan Airlines has started to serve a popular ice cream brand of the island on its flights to India as part of a strategy to boost the variety foods on its flights, the national carrier said. The short-haul flights to India are a key spoke in the carrier’s international network […]
Sri Lankan agri-business offers support for farmers
July 25, 2007 (LBO) – Sri Lanka’s National Agribusiness Council (NAC) has started a scheme to help farmers get better access to markets and other skills and resources. Representatives of farmer councils set up under the NAC’s aegis signed an agreement to form a federation at the Ag-Biz trade fair over the weekend. The aim […]
Trying Hard
RIYADH, July 24, 2007 (AFP) – A Sri Lankan minister said on Tuesday he was seeking Riyadh’s help in obtaining clemency for a teenage maid condemned to death but he did not expect an immediate outcome to efforts to save her life.“We got a very good and patient hearing” from Saudi foreign ministry officials during […]
The high price of bullion; money printing Zimbabwe hikes gold by 760%
HARARE, July 25, 2007 (AFP) – Zimbabwe’s central bank on Wednesday increased the price of gold by 757 percent in a bid to curb rampant smuggling of the precious metal and cover soaring production costs, an official said. Zimbabwe’s gold production is this year expected to drop to about 8,700 kilogrammes from 11,354 kilogrammes last […]
” trade deal
SOFIA, July 24, 2007 (AFP) – Six foreign medics sentenced to death then life imprisonment in Libya in a controversial AIDS case were free in the Bulgarian capital Tuesday after the EU struck a multi-million-dollar financial and trade deal with Tripoli.The five Bulgarian nurses and one Palestinian doctor who also has Bulgarian citizenship were released […]
Animal rescuers on red alert as it rains cats and dogs in Britain
OXFORD, England, July 25, 2007 (AFP) – It is not only humans who have been hit by Britain’s worst floods in 60 years — cats, dogs and donkeys are also suffering, prompting a rescue mission on an unprecedented scale. The Royal Society for the Prevention of Cruelty to Animals (RSPCA) has sent a third of […]