Author: lbostgadmin
Sri Lanka shares becalmed, Chevron unit draws interest
Sept 24, 2008 (LBO) – Sri Lankan shares ended barely changed Wednesday with turnover slumping to very low levels as investors stayed away owing to uncertainty about future company earnings and the economy, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
France calls for punishment as 2008 paper money debacle unfolds
Sept 23, 2008 (LBO) – French president Nicolas Sarkozy called for those responsible for a global financial crisis to be punished as the biggest debacle so far in a modern re-incarnation of fiat paper money unfolded on its 35th anniversary. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
Liquidity Shock
SINGAPORE, September 23, 2008 (AFP) – Crude oil traded mixed in Asia on Tuesday after the benchmark New York futures contract soared more than 16 dollars for its biggest one-day gain ever. The massive price surge stemmed partly from hopes that a US plan to buy tainted mortgage-related assets will save the global economy from […]
Sri Lanka president in talks with Norway peace brokers
September 23, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse held talks with Norwegian peace facilitators, the first since Colombo pulled out of a tattered truce in January, his office said Tuesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Rajapakse and Norway’s senior peace envoy Erik […]
IMF chief welcomes US Treasury moves, urges global action
LONDON, September 22, 2008 (AFP) – IMF managing director Dominique Strauss-Kahn welcomed Tuesday the “bold steps” taken by the United States to stabilise the financial system, but warned global steps were required to get past the crisis. “I welcome the bold steps being taken in the US and look forward to their effective implementation,” the […]
Doubts grow on US financial rescue plan
WASHINGTON, September 22, 2008 (AFP) – Doubts emerged Monday about a gargantuan 700-billion-dollar US bailout of the finance system, plunging markets into renewed turmoil, as oil prices surged, the dollar slid and stocks faced fresh pressure. US and European markets fell hard as anxious investors waited on lawmakers to pass the measure and President George […]
Eurozone business activity at near seven-year low: survey
BRUSSELS, September 23, 2008 (AFP) – Business activity in the 15 nations sharing the euro slumped in September to the lowest level since just after the attacks on the United States in 2001, according to a survey on Tuesday, fuelling fresh recession fears. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ […]
Stamping out corruption can save lives, watchdog says
BERLIN, September 23, 2008 (AFP) – Stopping practices such as cronyism and embezzlement can save lives in poor countries, a graft watchdog said Tuesday as Somalia, Iraq and Myanmar again came bottom in its global corruption rankings. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “In the […]
Sri Lanka aviation industry targets young people
Sept 23, 2008 (LBO) – Sri Lanka’s aviation industry, including the Air Force, civil aviation authorities and flying schools, are putting themselves on display in Colombo this week vying for the attention of young people, organizers of an aero exhibition said. The exhibition will also provide a chance for young people to interact with professionals […]
Digital Revenues
Sept 23, 2008 (LBO) – Sri Lanka Telecom (SLT), the island’s largest fixed access provider, has launched Internet Protocol Television (IPTV) with a target of reaching 7,000 customers by year end, officials said. Weerasuriya is also talking with education organizations who want to conduct virtual or online classrooms through IPTV with interactive capabilities, which would […]
Fast Links
Sept 23, 2008 (LBO) – Sri Lanka is to award a contract to provide broadband links to 500 rural schools by end 2008, expanding a network in which 1,100 public schools are already connected, officials said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Anura Dissanayake, director […]
Sri Lanka August tourist arrivals fall, winter bookings better: official
Sept 23, 2008 (LBO) – Tourist arrivals in to Sri Lanka in August fell sharply from a year ago but bookings for the winter season look promising for hoteliers, tourism chief Renton de Alwis said. Sri Lankan hoteliers have said the industry has been affected by bad publicity in tourism generating markets caused by fighting […]