All Blogs
Zimbabwe inflation hits new record high
HARARE, Jan 10, 2007 (AFP) – Inflation in Zimbabwe hit a new record high of 1,281 percent on Thursday, puncturing government hopes of reining in the galloping rate which has left households struggling to make ends meet. Figures released by the central statistics office (CSO) showed that the year-on-year inflation rate had risen by 182 […]
‘s National Stock Exchange
NEW DELHI, Jan 10, 2007 (AFP) – The New York Stock Exchange and investment bank Goldman Sachs are among investors who plan to buy an unspecified stake in India’s National Stock Exchange, a report said Wednesday.The Economic Times business daily said that two Indian financial firms, ILandFS and IFCI, plan to sell to overseas investors […]
Sixteen killed in rival Tamil rebel clash in Sri Lanka
COLOMBO, Jan 10, 2007 (AFP) – At least 16 Tamil Tiger rebels were killed in clashes with security forces and rival rebels in Sri Lanka’s embattled eastern province, the defence ministry said Wednesday.At least 10 members of the Liberation Tigers of Tamil Eelam (LTTE) were killed and another 25 wounded when troops retaliated against a […]
Indonesia extradites Sri Lankan wanted in US for arms smuggling
JAKARTA, Jan 10, 2007 (AFP) – Indonesia on Wednesday deported to the United States a Sri Lankan wanted by US police for smuggling military equipment to Tamil Tiger rebels, police said.“Sri Lankan national Pratheepan Thavarajah, was today (Wednesday) extradited to the United States through the Sukarno-Hatta international airport,” a national police spokesman, Bambang Kuncoko, said. […]
Sri Lanka gets French aid for satellite mapping of tsunami hit areas
Jan 10, 2007 (LBO) – Sri Lanka’s Urban Development Authority has sought nearly 85 million dollars in French aid for a town planning system in tsunami hit areas. The loan, which will set up a Spatial Information System to capture, analyse and display geographical information, was signed on Wednesday, the finance ministry said in a […]
Sri Lanka exports recover in November
January 10, 2006 (LBO) – Sri Lanka earned more from exports in November pushing cumulative export growth for the year to 8 percent from 6.5 percent in October, the Central Bank said. Exports rocketed up by 24.3 percent to 623 million dollar in November 2006 compared with the same month of the previous year. In […]
Instant Cash
January 09, 2007 (LBO) – Privately run Ceylinco Insurance, is offering on the spot cash facilities to settle customer claims, in an attempt to retain its lead as one of the biggest insurers in Sri Lanka, officials said Tuesday. “Claims relating to polices from motor vehicles, marine, health, homes, trade establishments, fire and miscellaneous insurance […]
Milk destroys health benefits of tea, says study
PARIS, Jan 9, 2007 (AFP) – Bad news for Britons: adding milk to tea ruins the health benefits of the drink, according to a Germany study published on Tuesday.Tea has complex compounds called polyphenols which are believed to help the arteries to relax or dilate, thus enabling a smoother flow of blood.Scientists led at the […]
Across Borders
Jan 09, 2007 (LBO) – Nigeria’s EcoBank has adopted a software product developed by Sri Lanka’s Interblocks Ltd to issue credit cards, officials said Tuesday. Interblocks ‘iCard system’ a multi card issuing and acquiring management and processing solution is now being used to issue local MasterCards in local ‘Naira’ currency. “EcoBank is one of the […]
Virtual Fantasy
LAS VEGAS, Nevada, Jan 9, 2007 (AFP) – Family entertainment conglomerate Walt Disney Corporation introduced a revamped website which they say is a one-stop portal to online games, information on films and Disney characters, and product sales.“Our villain is going to try to wipe out our pirates,” Bruckheimer said, referring to his film-in-progress.“Hopefully, you will […]