Author: lbostgadmin
Former Sri Lankan President dies
September 21, 2008 (AFP) – Former Sri Lankan President Dingiri Banda Wijetunga, died on Sunday after a prolonged illness, his aide said.He was 86. Wijetunga, who was Sri Lanka’s third executive president, died of a chest ailment at a hospital in the central hillside town of Kandy, his aide Sarath Muniratne told reporters. A member […]
Sri Lanka selections for Canada Cup hit by selection row
September 21, 2008 (AFP) – A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said Sunday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Sports Minister Gamini Lokuge told AFP he was considering a […]
Selection row hits Sri Lanka selections for Canada Cup
September 21, 2008 (AFP) – A selection dispute has hit the announcement of the Sri Lankan national team for the 20Twenty competition in Canada, officials said Sunday. Sports Minister Gamini Lokuge told AFP he was considering a complaint from batsman Indika de Saram who had complained after not being selected for the team to play […]
US races to forge historic financial sector bailout
WASHINGTON, September 21, 2008 (AFP) – Senior US officials and lawmakers were locked in negotiations Saturday over an historic 700-billion-dollar bailout plan for the financial sector in the worst crisis since the Great Depression. Coming on the heels of the unprecedented government rescue of giant insurer American International Group (AIG) and the seizure of mortgage-finance […]
Polarized world spurs calls for more representative UN
UNITED NATIONS, September 21, 2008 (AFP) – Growing polarization over Georgia, Iran, Kosovo, Darfur or the Middle East is reviving calls for a reform of the United Nations — especially the Security Council, which some say poorly represents today’s world. As the UN General Assembly prepares to kick off its annual general debate this week, […]
South Africa faces uncertainties over Mbeki resignation
CAPE TOWN, September 21, 2008 (AFP) – South Africa faces huge uncertainties over the imminent resignation of President Thabo Mbeki, with much riding on the ruling party’s ability to manage a smooth transition, analysts said Sunday. Mbeki has agreed to resign after the African National Congress urged him to step down, a decision which will […]
‘s Reliance vows to boost national energy security
MUMBAI, September 21, 2008 (AFP) – Indian fuel giant Reliance said on Sunday it would boost domestic oil and gas output by 40 percent over the next 18 months, calling the move a “quantum leap” toward national energy self-sufficiency. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send […]
” pushing others to bail out banks: Paulson
WASHINGTON, September 21, 2008 (AFP) – The United States is “aggressively” pushing other countries to forge bailouts for their financial institutions similar to the unprecedented 700-billion-dollar rescue it is planning for Wall Street, US Treasury Secretary Henry Paulson said Sunday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and […]
Sri Lanka offices looted, UN says
September 21, 2008 (AFP) – The United Nations said Sunday its offices in the rebel-controlled north of Sri Lanka had been looted after aid workers were evacuated last week. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 A statement from the UN said that it […]
Sri Lanka takes census to halt attacks
September 21, 2008 (AFP) – Sri Lankan police tackling a series of blasts in Colombo began on Sunday taking a census of ethnic minority Tamils who have fled the war-ravaged north and are now living in the city. The defence ministry ordered the census to prevent separatist Tamil Tiger rebels from infiltrating the capital. “Each […]
Sri Lanka needs low inflation, good institutions and governance to grow: economists
Sept 20, 2008 (LBO) – Sri Lanka needs good institutions, governance and economic tranquility that come with low inflation to grow, senior economists said, at a time when the island is suffering from the highest inflation in its history. The head of the Sri Lanka Economic Association (SLEA) A D V de S Indraratna said […]
Gold rockets and oil soars as reserve currency central banks print liquidity
LONDON, September 19, 2008 (AFP) – Oil and gold prices bounced higher this week as investors sought a safe haven while other commodities fell on fears that the financial crisis could sap global economic growth and dent demand. However, profit-taking was in evidence Friday as world stock markets soared, driven by hefty gains in the […]