Author: lbostgadmin
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 […]
LBR-LBO CIO forum
Sept 03, 2008 (LBO) – Retaining skilled information technology professionals is critical for Sri Lanka’s corporate sector when planning business continuity and disaster recovery, according to experts in the IT field. “IT is the backbone of retail systems.Hardware, technology or environmental issues would be a huge risk and would affect the continuity of the business,” […]
Strong Region
Sept 03, 2008 (LBO) – Asia continued to do well amidst global financial turmoil and Sri Lanka and the Maldives are set to perform well, despite an expected slowdown, a top HSBC official said. In Sri Lanka the bank has also been providing aggressively and has also become more cautious in its credit card business, […]
Finance Rating
Sept 03, 2008 (LBO) – Sri Lanka’s RAM Ratings says it has confirmed the ‘BBB’ national long term rating of Alliance Finance with a ‘stable’ outlook and also confirmed its ‘P2’ short term rating. “The ratings are supported by the company’s adequate asset quality and the resultant augmentation in its capital adequacy,” RAM Ratings said […]
Bunker Business
Sept 03, 2008 (LBO) – The Sri Lanka Ports Authority plans to take over the bunker fuel storage tank facility that belonged to John Keells Holdings (JKH) subsidiary Lanka Marine Services by September 10. Wickramasuriya said the port will run the tank farm and make it available for use by all licensed bunker suppliers. To […]
Tax Dispute
Sept 03, 2008 (LBO) – Sri Lankan ship owners say a recent Supreme Court decision has resolved a long-standing dispute they have had with customs over import tax on ships. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 According to the recent ruling, ships cannot be considered […]
Sri Lanka shares weaken, Indian Oil unit gains as oil prices fall
Sept 03, 2008 (LBO) – Sri Lankan shares fell again Wednesday with the local unit of Indian Oil Corp (IOC) gaining as its earnings outlook improves on falling oil prices, brokers said. The indices were dragged down mainly by the fall in Dialog Telekom, which ended down 25 cents at 10.75 rupees with 314,100 shares […]
Sri Lanka Treasury bill yields fall
Sept 03, 2008 (LBO) – Sri Lanka’s Treasury bill yields fell at Wednesday’s auction with 6-month bills falling 26 basis points to 17.75 percent, and 12-month yields fell 10 basis points to 18.50 percent, the government’s debt office said. Three month bills were not offered. The debt office, which is a unit of the central […]
Kuwait gives illegal expats six-week amnesty
KUWAIT CITY, Sept 02, 2008 (AFP) – Kuwait has granted illegal foreign residents a six-week amnesty to legalise their status or leave the oil-rich emirate without paying a fine. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 In a decree cited by the official KUNA […]
Brazil starts to tap deepwater oil field
RIO DE JANEIRO, September 1, 2008 (AFP) – Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to pump reserves in vast new fields located even farther out to sea. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
Oil prices at 105 dollars, as commodity and credit bubble deflates
LONDON, September 2, 2008 (AFP) – Oil prices dived under 105 dollars on Tuesday, reaching four-month lows, after Hurricane Gustav spared key energy facilities in the Gulf of Mexico and the US currency strengthened, analysts said. “Hurricane Gustav weakened once it reached the US Gulf Coast, putting pressure on the energy market,” said Andrey Kryuchenkov, […]