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‘s inflation soars to 2,200 percent
HARARE, April 26, 2007 (AFP) – Zimbabwe, already battling to contain the world’s highest rate of inflation, announced on Thursday that the figure had soared once more to 2,200 percent. Before the devaluation, the Zimbabwean dollar had been trading at around 25,000 to the greenback, against the official rate of 250 dollars. After the official […]
‘s World Cup bid
April 27, 2007 (AFP) – The British diplomatic mission in Colombo shed diplomatic neutrality Friday to support Sri Lanka’s cricket team in their World Cup final against Australia. The top British envoy here, Dominick Chilcott, led high commission (embassy) staff in signing greetings to skipper Mahela Jayawardene and his team-mates ahead of Saturday’s game in […]
Final tuned for Malinga and Tait sling concerto
BRIDGETOWN, Barbados, April 27, 2007 (AFP) – They’re the youngest slingers in town, but Shaun Tait and Lasith Malinga know that Saturday’s World Cup final shootout can produce only one winner.Malinga has never played a one-dayer against Tait’s Australians. But if the defending champions want information on how dangerous the Sri Lankan fast bowler can […]
Sri Lanka on alert after new flying Tiger threat
COLOMBO, April 27, 2007 (AFP) – Sri Lanka was on high alert Friday over the threat of another Tamil Tiger air attack, the morning after a suspicious aircraft forced the closure of the island’s only international airport. “We are on alert. In fact, every day we are on alert now and we have beefed up […]
Sri Lanka shuts airport fearing Tiger attack
April 27, 2007 (AFP) – Sri Lankan troops fearing a rebel attack fired anti-aircraft weapons and evacuated passengers from the international airport here late Thursday, an official said. Go to our front page www.lbo.lk for updates on this event. Latest – Katunayake civillian airport re-opens Sri Lankan troops fired anti-aircraft weapons, evacuated passengers and briefly […]
Take Off
April 26, 2007 (LBO) – Sri Lanka’s international airport has re-opened after several flights were diverted as a precautionary measure following reports of a possible Tamil Tiger air raid, officials said. . Updated Military spokesman Brigadier Prasad Samarasinghe said there was no attack but there were reports of two unidentified light aircraft being detected in […]
Sri Lanka counts on World Cup to boost image
COLOMBO, April 27, 2007 (AFP) – Sri Lanka is banking on the publicity from the cricket World Cup to attract foreign investment and tourism to the South Asian island nation better known for its separatist conflict.As the home team prepares for the final clash with Australia on Saturday, the Caribbean event has offered an unexpected […]
Micro Finance
April 26, 2007 (LBO) – Islamic Financier Amana Investments Limited has introduced a new microfinance scheme for micro-entrepreneurs who cannot afford conventional banking. The company has joined hands with Muslim Aid, a UK-based NGO that will help provide skills training to entrepreneurs. We target small entrepreneurs who cannot access banking and uplift them to a […]
Robot Watchdog
April 26, 2007 (LBO) – Securities and Exchange Commission of Sri Lanka (SEC) is considering introducing computerized surveillance systems to monitor stock market activity and detect abuses as trading volumes get bigger. The SEC is looking at a few systems by vendors here and in India, including the National Stock Exchange, de Silva said. We’re […]
Digital TV
April 26, 2007 (LBO) – Sri Lanka Telecom has received government approval to start an internet based television service, the company said Thursday. Sri Lanka Telecom shares close up 50 cents at 39 rupees. “Sri Lanka Telecom has been successful in securing a media license from the Ministry of Mass Media and Information to provide […]