Author: lbostgadmin
Oil riches propel Abu Dhabi onto world map
DUBAI, September 4, 2008 (AFP) – Oil-rich Abu Dhabi, which this week boasted of taking over English football club Manchester City, is pumping billions of petrodollars into investments ranging from fine art to films to Formula One.Riding on windfalls from record high oil prices, the wealthiest of the United Arab Emirates’ seven members is starting […]
‘s inflation slows for second successive week
NEW DELHI, September 4, 2008 (AFP) – India’s inflation slowed for a second week in a row but remained far above the central bank’s tolerance level, data on Thursday showed.Annual inflation slipped to 12.34 percent for the week ended August 23 from 12.40 percent a week earlier, according to the Wholesale Price Index, India’s most-watched […]
Sri Lanka demographic changes excites insurer
Sept 04, 2008 (LBO) – Demographic changes in emerging Asian nations like Sri Lanka and rising prosperity is presenting new growth opportunities for insurers to grow and introduce increasingly sophisticated products, a top regional insurance official said. But India and China are the big growth areas of the region. In the first half of 2008, […]
Sri Lankan troops move on Tiger capital
September 4, 2008 (AFP) – Government forces and Tamil separatists were locked in heavy combat in northern Sri Lanka with at least 26 rebels killed in fresh fighting, the defence ministry said Thursday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Six soldiers were wounded and another […]
Migrant Workers
KUWAIT CITY, September 04, 2008 (AFP) – Kuwait’s parliament is to hold an emergency session on September 10 to debate violent protests by foreign workers over pay and living conditions, speaker Jassem al-Khorafi said.Khorafi said he received a request signed by 35 MPs in the 50-member parliament to recall the house from its summer recess […]
Supply Breakdown
Sept 04, 2008 (LBO) – Bunker oil stocks at Colombo are running low with a pending hand-over of a tank farm by the largest supplier to the port, and fresh stocks only due in mid-September, shipping officials said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]
Sri Lanka shares end firmer, heavy trading in Dankotuwa
Sept 04, 2008 (LBO) – Sri Lankan shares indices ended slightly firmer largely owing to gains in Dialog Telekom but turnover was low although there was heavy trading in Dankotuwa Porcelain, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index went […]
Sri Lanka looks for drug resistant bugs
Sept 04, 2008 (LBO) – Sri Lanka is starting a survey to find bugs that are resistant to antibiotics, and also standardize testing, a pharmaceuticals giant that is funding the project, said.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “Epidemiological information on resistance patterns is scarce in […]
Tactical Release
SINGAPORE, September 3, 2008 (AFP) – Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. New York’s main contract, light sweet crude for October delivery, dropped 34 cents to 109.37 dollars a barrel, while Brent North […]
‘s Tata says seeks new sites for cheap car plant
NEW DELHI, September 3, 2008 (AFP) – India’s giant Tata Motors sought new sites Wednesday to make the world’s cheapest car after suspending work on its plant in eastern India in the face of huge farmer and political protests. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Malaysia sends troops to protect ships in Gulf of Aden: report
KUALA LUMPUR, September 3, 2008 (AFP) – Malaysia has sent crack troops and navy ships to the Gulf of Aden after two of its vessels were seized by pirates last month, according to reports Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The comments by deputy […]
‘s prime minister escapes assassination attempt: official
ISLAMABAD, September 3, 2008 (AFP) – Pakistani Prime Minister Yousuf Raza Gilani escaped an assassination attempt after shots were fired at his vehicle Wednesday, his spokesman said. “By the grace of Allah the prime minister is safe,” Bashir said. “There was firing near the motorcade of the prime minister. Two bullets hit the window glass […]