Author: lbostgadmin
Sri Lanka govt gives incentives to troubled tea trade
Nov 06, 2008 (LBO) – The Sri Lankan government plans to offer several incentives to the tea industry such as lower taxes and subsidised fertiliser, president Mahinda Rajapaksa said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The incentives are meant to help the industry […]
Sri Lanka shares fall on profit taking on thin volumes
Nov 06, 2008 (LBO) – Sri Lankan shares slumped Wednesday after several days of gains on thin volumes as investors took profits, with brokers saying the volatility could deter investors. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell 2.58 percent (50.62 […]
Sri Lanka government to spend Rs200bn for defence in 2009
Nov 06, 2008 (LBO) – Sri Lanka’s government would spend 360 billion for capital expenditure in 2009, and 200 billion for defence, the island’s president and finance minister Mahinda Rajapaksa told parliament. Of late politicians have been trying to put more emphasis on income taxes, instead of indirect taxes where their spending is also captured. […]
US presidential election results (Update II)
WASHINGTON, November 5, 2008 (AFP) – Here is a tally of preliminary results in the US presidential election, based on projections by US networks. At 0214 GMT, with results given in 27 states, Obama had 175 and McCain had 81 of the 270 Electoral College votes needed to win the White House, out of a […]
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CHICAGO, November 5, 2008 (AFP) – US President-elect Barack Obama said Tuesday that a new dawn of American leadership was at hand and stressed the shared destiny of the United States and the rest of the world. “It’s been a long time coming. But tonight, because of what we did on this day, in this […]
‘s first black president
WASHINGTON, November 5, 2008 (AFP) – Americans elected Democrat Barack Obama as their first black president Tuesday, in a transformational election which will reshape US politics and reposition the United States on the world stage.With a stunning grassroots political movement, powered by massive multi-million dollar fundraising, Obama first beat Hillary Clinton, and the Democratic Party’s […]
Obama, McCain await judgment of history
WASHINGTON, November 5, 2008 (AFP) – Front-runner Barack Obama faced a tense wait Tuesday to see if millions of American voters would enshrine him as the first black president or whether Republican John McCain would mount a shock comeback.On a night of high drama, the presidential rivals were powerless as results started to pour in […]
Freeze on govt department spending in China for 2009: state media
BEIJING, November 5, 2008 (AFP) – Governmental department spending in China in 2009 will be frozen at this year’s level, ending an annual five-percent increase following the global financial crisis, state media said Wednesday. “The budgets for next year should be capped at the same amount as this year’s and every project will be looked […]
Kenya erupts in joy as favourite son Obama takes White House
KOGELO, November 5, 2008 (AFP) – Hundreds of villagers in Kogelo, Barack Obama’s Kenyan family homestead, erupted into song and dance at the news that the nation’s favourite son had won the US presidential election. Swinging twigs and chairs in the air, men cheered and clapped while women ululated and shouted “Obama!Obama!” in the village […]
Health Growth
Nov 05, 2008 (LBO) – Sri Lanka™s Nawaloka Hospital’s new eight floor complex developed at a cost of 1.5 billion rupees would increase the hospital’s capacity by 85 rooms to 405 with competition in the sector ratcheting up, officials said. The expansion would widen the total floor area of Nawaloka by 80,000 to 300,000 square […]
Sri Lanka tea auction demand recovers: brokers
Nov 05, 2009 (LBO) – The Sri Lankan tea auctions in Colombo stabilized this week with demand picking up and much less unsold teas although prices of some varieties still fell, brokers said. The Tea Board did not buy this week and has delayed payment for its purchases of a million kilos last week, with […]
Sri Lanka shares up on thin volumes, plantations rally
Nov 05, 2008 (LBO) – Sri Lankan shares continued their rise, Wednesday, on thin trading volumes with plantations stocks rallying on retail investor interest, but a full recovery of the market was likely to be slow, brokers said. There was a single crossing of Chevron Lubricants Lanka of 182,500 shares done at 105 rupees. To […]