Author: lbostgadmin
Sri Lanka apparel exporters urged to get closer to markets
Aug 11, 2008 (LBO) – A European expert has advised Sri Lanka’s apparel industry to get closer to their markets and focus on a limited number of customers to survive the threats posed by growing competition and rising costs. Scheffer, who is a professor of fashion and textile management at the University of Netherlands, said […]
‘s Union Assurance June quarter net up by more than half
Aug 11, 2008 (LBO) – Sri Lanka’s Union Assurance said its group June quarter net profit rose 63 percent to 49 million rupees from a year ago. Revenue for the quarter rose 21 percent to almost 1.4 billion rupees with income from other investments going up 44 percent to 288 million rupees, according to interim […]
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PARIS, August 10, 2008 (AFP) – The age-old fantasy of rendering objects invisible took a sharp step toward reality Sunday when scientists said they had created a material that can bend visible light in three dimensions.“An observer looking at the cloaked object would then see light from behind it, making it seem to disappear.” For […]
Sri Lankan shares weaken
Aug 11, 2008 (LBO) – Sri Lankan stocks closed weaker Monday with the indices dragged down by falls in John Keells Holdings and Distilleries, brokers said.The All Share Price Index closed down 0.08 percent (2.09 points) at 2,464.47 while the more liquid Milanka fell 0.16 percent (4.72 points) to 2,927.00. Turnover was just 143 million […]
Sri Lanka activist seeks removal of Central Bank member: report
Aug 10, 2008 (LBO) – An activist who went to court against a privatization deal has sought the removal of a member of the rate setting committee of Sri Lanka’s central bank who was faulted in a court ruling, a media report said.The Sunday Island newspaper said lawyers to left-leaning politician Vasudeva Nanayakkara had written […]
Sri Lanka poised for the kill in final India Test
August 10, 2008 (AFP) – Sri Lanka tightened the screw on injury-hit India with a superb all-round performance on the third day of the crucial third and final Test here on Sunday.India were without Ishant Sharma in the morning as the fast bowler was unfit to bowl after falling on his follow-through in Saturday’s last […]
‘s top court clears Posco, Vedanta projects in key rulings
NEW DELHI, August 10, 2008 (AFP) – India’s top court has cleared South Korean steel giant Posco’s plan for a 12-billion-dollar plant in a controversial case seen pitting farmers’ interests against growing industrial development.In another key case viewed as a test of tribal rights, the court approved British mining company Vedanta Resources’ proposal to mine […]
Italian contraction sets eurozone alarm bells ringing
MILAN, August 10, 2008 (AFP) – The Italian economy contracted in the second quarter, official data showed, adding to a deepening sense of gloom about the eurozone economy amid a flurry of bad news for the 15-nation bloc.Italy is the first eurozone country to reveal figures for the second quarter and a 0.3-percent quarter-on-quarter contraction […]
Western concern over oil and gas pipelines through Georgia
LONDON, August 10, 2008 (AFP) – Western concerns are growing over the impact of bloody clashes between Georgia and Russia on a key oil pipeline through the region from the Caspian Sea to the West, analysts say.While Georgia does not produce oil itself, US and European energy firms have counted on the pro-Western country — […]
Sri Lanka makes new push into Tiger territory: military
August 10, 2008 (AFP) – Sri Lankan troops launched a fresh advance into territory held by Tamil rebels Sunday, killing 15 guerrillas while another 27 combatants were killed in other clashes, the defence ministry said.The latest push was in the Jaffna peninsula, parts of which are held by the rebel Liberation Tigers of Tamil Eelam […]
‘s Harbhajan restricts Sri Lanka with double strike
August 9, 2008 (AFP) – India’s Harbhajan Singh grabbed two wickets in successive overs to peg back Sri Lanka on the second day of the third and final Test here on Saturday.The series is tied at 1-1, with Sri Lanka winning the opening Test by an innings and 239 runs and India clinching a 170-run […]
Sri Lanka gain lead with ton-up Sangakkara
August 9, 2008 (AFP) – Kumar Sangakkara cracked a solid unbeaten 107 to help Sri Lanka gain a slender advantage over injury-hit India in the crucial third and final Test here on Saturday.The left-hander was involved in two valuable partnerships as the hosts reached 251-6 in their first innings at stumps on the second day […]