All Blogs
Airbus to hike investment in India to one billion dollars
NEW DELHI, Dec 7, 2006 (AFP) – Europe’s Airbus said Thursday it would hike investment in India to at least one billion dollars as it forecast the country would need 1,100 new planes over 20 years to meet soaring travel demand. The aircraft maker had pledged to plow back 500 million to 600 million dollars […]
Five years on, copyright theft remains a Chinese trademark
BEIJING, Dec 7, 2006 (AFP) – When Shanghai police broke up a counterfeit pharmaceuticals ring that produced fake Tamiflu in August, it seemed a blow had been struck against China’s notorious intellectual property thieves.Tamiflu, produced by Roche, is one of the few treatments deemed effective against bird flu, and the seizure of 400 kilograms of […]
School shelled as 9 dead in fresh violence in Sri Lanka
Dec 7, 2006 (AFP) – At least seven civilians and two soldiers were killed in fresh violence in Sri Lanka hours after the government announced tough anti-terror laws to battle Tamil Tiger rebels, officials said.Three civilians were killed and 10 students were wounded when Tamil Tiger rebels shelled a school in the northeastern district of […]
Sri Lanka president says democracy must not stop anti-terror fight
COLOMBO, Dec 7, 2006 (AFP) – Sri Lanka’s president has warned that democracy must not come in the way of battling terrorism, after his government moved to revive tough laws to bolster their battle against the Tamil Tigers. In his televised address, broadcast overnight Wednesday, Mahinda Rajapakse said the Tamil Tigers were scuttling the chances […]
Aid workers blame bureaucracy for growing struggle to help Sri Lankans
PARIS, Dec 7, 2006 (AFP) – Western aid groups warned of a growing struggle to help Sri Lankan victims of the Indian Ocean tsunami and of the country’s war, four months after the massacre of 17 aid workers, and blamed bureaucracy for blocking their work.“The humanitarian situation is catastrophic,” said Aloysius John, head of Asia […]
Blast rips Sri Lanka water mains
Dec 7, 2006 (AFP) – A powerful explosion blew up a pipeline supplying water to parts of the capital and immediate suburbs, police said Thursday.There was no immediate claim of responsibility for the blast at Boralesgamuwa, just south of Colombo, late Wednesday. There were no casualties or damage to other property, police said. Water supply […]
Price Signal
December, 06 (LBO) – Sri Lanka’s treasury bill rates moved up by an average of 19 basis points at this Wednesday’s auction on the back of a similar hike last week, in what analysts view as a steady response by the Central Bank to tighten monetary policy and curb demand pressure. However the Central Bank […]
Shoe Bonds
Dec 06 (LBO) – A holding company that controls Sri Lanka’s largest footwear maker DSI, is to issue a 300 million rupee debenture which has been rated BBB+ (lka), Fitch Ratings Lanka said Wednesday. Fitch says the company DSI Holdings which also has a national long term rating of BBB+ may increase the size of […]
World economy on track for strong 2007
PARIS, Dec 6, 2006 (AFP) – Slowing activity in the US economy and a possible sudden cooling of overheated property markets are the main threats to the world economy in 2007 after vigorous recovery this year. The International Monetary Fund said Tuesday it was lowering its growth estimate for next year from its current prediction […]
Sri Lanka invokes anti-terror laws, but seeks talks with Tigers
COLOMBO, Dec 6, 2006 (AFP) – Sri Lanka Wednesday invoked tough anti-terror laws targeting the Tamil Tigers, but said it was not banning the rebels and asked peacebroker Norway to help bring them back to the negotiating table. The new regulations declared by President Mahinda Rajapakse did not directly name the Tamil Tigers and left […]