Author: lbostgadmin
Cairn Energy reports falling net profits
LONDON, August 27, 2008 (AFP) – British oil firm Cairn Energy said that net profits slumped in the first half of 2008, compared with the same period last year when it was boosted by the part sale of its Indian division. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
Oil prices near 117 dollars on Hurricane Gustav
SINGAPORE, August 27, 2008 (AFP) – World oil prices rose in Asian trade Wednesday, underpinned by concerns Hurricane Gustav may head for the Gulf of Mexico where key US energy installations are located, dealers said.Anglo-Dutch energy giant Royal Dutch Shell said it was planning to evacuate some staff from its Gulf facilities because of Gustav. […]
Sri Lanka says regional deal will help combat terrorist financing
Aug 27, 2008 (LBO) – A legal co-operation deal signed by south Asian leaders at a summit in Sri Lanka earlier this month will help combat terrorist financing and cross-border crime, the foreign affairs ministry said Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
Sri Lanka cloves exports seen hitting new high
Aug 27, 2008 (LBO) – Exports of cloves from Sri Lanka are seen hitting a record 5,000 tonnes this year with earnings exceeding three billion rupees, a trade body said. Chatoor said a close watch was being kept on cloves exports by the authorities to prevent cloves from other countries being sent to India under […]
Capital Gains
Aug 27, 2008 (LBO) – Sri Lanka’s DFFC Bank net profit for the June quarter rose 30 percent to 515 million rupees from 395 million rupees a year ago, helped by capital gains from the sale of shares, the bank’s interim results show. Profit for the June quarter included a one-off gain of 108 million […]
Hub Race
Aug 27, 2008 (LBO) – Tenders for the long-delayed first container terminal in the planned new Colombo south port will be called in the next 2-3 weeks, a senior Sri Lanka Ports Authority engineer said. “There is a very high demand for the south container terminal,” Kurukulasuriya said. He said the project was needed to […]
Sri Lanka stocks firmer, heavy trading in AMW, JKH
Aug 27, 2008 (LBO) – Sri Lankan stocks ended a shade firmer and turnover increased to almost half-a-billion rupees with strategic buying seen in Associated Motorways (AMW) and heavy trading in John Keells Holdings (JKH), brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]
Sri Lanka T-bill yeilds edge down
Aug 27, 2008 (LBO) – Sri Lanka’s Treasury bills yields fell at Wednesday’s auction with 6-month bills falling 29 basis points to 18.01 percent and one year yields falling 5 basis points to 18.60 percent. The central bank said it had accepted only 6.4 billion rupees of bids from the market for 7.5 billion rupees […]
Sri Lank foreign direct investments dominated by telecoms
Aug 26, 2008 (LBO) – Sri Lanka’s foreign direct investment (FDI) flows in the first six months of the year reached 425 million US dollars with telecoms bringing in most of the money, the investment promotion office said.Sri Lanka’s telecom firms have been pouring billions into network expansion in the last few years, but the […]
‘s treatment of journalist
August 26, 2008 (AFP) – Rights groups on Tuesday denounced Sri Lanka’s use of tough prevention of terrorism laws against a veteran journalist reporting on the island’s decades-old ethnic conflict. The condemnation came a day after authorities formally charged J.S. Tissanayagam with inciting racial hatred and bringing disrepute to the government. The journalist, who has […]
Vietnam inflation at 28.3 pct, after sterilized intervention blunder
HANOI, August 25, 2008 (AFP) – Vietnam’s August inflation rate hit 28.3 percent year-on-year, while the country’s trade deficit widened to 16 billion dollars, official figures showed Monday. Inflation was 1.56 percent up from July and had reached 21.7 percent since the start of 2008, the General Statistics Office (GSO) estimated in a preliminary report. […]
Recognition pacts for ASEAN accountants, dentists, doctors
SINGAPORE, August 26, 2008 (AFP) – Southeast Asian economic ministers have signed agreements allowing their nations’ accountants, dentists and doctors to work in each other’s countries, officials said Tuesday. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Association of Southeast Asian Nations (ASEAN) ministers signed […]