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” inflation with subsidies as prices spike
DHAKA, June 7, 2007 (AFP) – Bangladesh’s emergency government was Thursday set to announce a slew of subsidy and welfare measures in a 12.6 billion dollar anti-inflation budget. The interim government’s finance minister, A.B. Mirza Azizul Islam, would announce the budget in a pre-recorded speech to be broadcast by radio and television stations. The military-backed […]
Sri Lankans star in Afro-Asia encounter;survives Pollock scare
BANGALORE, India, June 6, 2007 (AFP) – Shaun Pollock smashed a maiden one-day century, but failed to stop Asia from posting a 34-run win over Africa in the first match of the Afro-Asia cricket series here on Wednesday.The South African scored a robust 130 as his team were restricted to 283 while chasing a stiff […]
‘s embattled east
June 7, 2007 (AFP) – A top Japanese envoy to Sri Lanka met with officials and aid workers in the island’s embattled eastern region Thursday following talks with President Mahinda Rajapakse on the tattered peace process.Yasushi Akashi’s visit to the lagoon district of Batticaloa came on the same day that two murdered Red Cross workers […]
Japanese peace envoy in talks with Sri Lanka president
June 6, 2007 (AFP) – Sri Lanka’s President Mahinda Rajapakse held talks in Colombo Wednesday with a top Japanese envoy on the future of the island’s peace process following bloody recent clashes, officials said.Rajapakse held closed-door talks with Japan’s Yasushi Akashi at the president’s tightly-guarded Temple Trees residence and the peace envoy later had discussions […]
Sri Lanka should trim corruption and modernise education to go forward: US envoy
June 07, 2007 (LBO) – Sri Lanka’s should trim redundant ministries, increase wages for senior officials and be more transparent to help propel the country forward, the US envoy in Colombo said. The CIMA business leaders’ summit will discuss how good, mediocre or bad companies can make the leap to be great companies. “Reduce the […]
Sri Lanka police evict jobless Tamils from capital
June 7, 2007 (AFP) – Armed police forced hundreds of ethnic minority Tamils out of the Sri Lankan capital Colombo Thursday as part of an effort to clear the city of feared Tamil Tiger cells, officials and witnesses said. Police stormed Tamil-majority areas of the capital under the cover of darkness and forced guests at […]
‘s Suntel: report
June 7, 2007 (LBO) – India’s Mahanagar Telephone Nigam Ltd (MTNL) has put in a bid between 160 million dollars to 180 million for the Sri Lankan wireless fixed access operator Suntel, Indian news reports said. The Economic Times newspaper said the MTNL bid was believed to be the highest, though company officials declined to […]
Sri Lanka looks to boost economic growth despite obstacles
June 07, 2007 (LBO) – Sri Lanka plans to accelerate and broaden its development activities despite the internal conflict, the island’s president said Wednesday, as an expanding budget deficit threatened to undermine growth this year. We need to fearlessly combat terrorism and develop without making it an excuse, President Mahinda Rajapakse said in a statement […]
E-deadline
VANCOUVER, Canada, June 5, 2007 (AFP) – The International Air Transport Association has given member airlines and travel agencies five extra months to switch entirely to electronic ticketing, to May 2008.IATA initially had scheduled the switchover to e-tickets, eliminating paper tickets, to be completed by December 31. The decision to extend the deadline was taken […]
Retail Recognition
June 06, 2007 (LBO) – Retailers that were a just a distribution channel at one time have to be considered as a strategic business partners in driving brands forward in a competitive market, Sri Lanka’s top marketers have said. Retailers are the last point the brands can market themselves and without retailer interest in selling […]