Author: lbostgadmin
Murdoch plans six new Indian regional TV channels
MUMBAI, August 4, 2008 (AFP) – Media mogul Rupert Murdoch on Monday announced plans to launch six new regional television channels in India, where the media is expanding at a frenetic pace.Murdoch has a strong television presence in Asia’s third-largest economy through leading broadcaster Star, a wholly owned subsidiary of the tycoon’s News Corp. “The […]
” to be housed in Bangladesh: Sri Lanka official
Aug 04, 2008 (LBO) – A South Asian ‘food bank’ to counter rising prices and perceived ‘shortages’ would be housed in Bangladesh, a Sri Lankan official said at the conclusion of a meeting of an eight nation regional grouping in Colombo.The food bank will have contributions from each country according to the size of its […]
Online Books
Aug 04, 2008 (LBO) – A Sri Lankan firm has started selling books by local authors on the internet with soft copies available for download, the company, Z-World said in a statement. The company said copies of books were available in pdf, a popular document compression format developed by the software firm Adobe. Buyers could […]
Money Management
August 4, 2008 (LBO) – Sri Lankan savers, faced with the prospect of the value of their savings being eroded by record inflation, are being advised to save early in life and diversify to spread the risks. Top money management professionals say the public must adapt to financial planning while saving a part of the […]
Bank Trends
Aug 04, 2008 (LBO) – Fitch Ratings has confirmed the ‘AAA(lka)’ national long-term rating of HSBC Sri Lanka with a stable outlook. The ratings agency said in a statement that the bad loans of the bank, the island’s largest foreign bank, had increased but that its asset quality was high by Sri Lankan standards. Fitch […]
Risky Waters
Aug 04, 2008 (LBO) – Heavy swells caused by monsoon weather are creating delays at Colombo port, officials at shipping lines calling at the Sri Lankan harbour said. The bad weather sometimes forces vessels to delay entering the port as well as leave after discharging and loading cargo, they said. “At the moment productivity has […]
Sri Lanka stocks end firmer
Aug 04, 2008 (LBO) – Sri Lankan stocks closed marginally higher Monday extending gains made last week but turnover was low. The All Share Price Index closed up 0.29 percent (7.15 points) at 2,480.60 while the Milanka rose 0.54 percent (15.93 points) to 2,969.46. Turnover was 194 million rupees. Lanka Cement rose 3.85 percent or […]
Sri Lanka rattled by Indian pacemen
GALLE, August 3, 2008 (AFP) – Indian pacemen Ishant Sharma and Zaheer Khan shared three early wickets to boost India’s chances of winning the second Test against Sri Lanka here on Sunday. India earlier failed to cope with Sri Lankan spinners Muttiah Muralitharan and Ajantha Mendis as they were bowled out for 269 after resuming […]
Veteran Olympians still at the top
PARIS, Aug 03, 2008 (AFP) – Time and tide wait for no man, or do they? Beijing-bound athletes Jeannie Longo, Haile Satayin, Hiroshi Hoketsu, Dara Torres, James Tomkins and Susan Nattrass have shown getting older does not rule out Olympic participation at the highest level. French cyclist Longo, Ethiopian-born Israeli Satayin, who runs in the […]
Sri Lanka lose to India
GALLE, August 3, 2008 (AFP) – Skipper Anil Kumble on Sunday lauded opener Virender Sehwag and teenage paceman Ishant Sharma for playing key roles in India’s series-levelling victory against Sri Lanka here.India, who lost the opening match of the three-Test series by an innings and 239 runs in Colombo, came back strongly to win the […]
Thousands of workers strike in inflation-battered Vietnam
HANOI, August 3, 2008 (AFP) – Thousands of workers have gone on strike in Vietnam, demanding higher wages to match the rising cost of living after inflation surged 27 percent year-on-year in July, media reported Saturday. Nearly 5,000 labourers downed tools from Friday at the Kingmaker footwear plant in the Vietnam-Singapore industrial zone in southern […]
Japan Inc suffers 15 percent profit fall in April-June: report
TOKYO, August 3, 2008 (AFP) – The pre-tax profit of major Japanese companies fell 15 percent year on year in the April-June quarter, weighed down by the US economic slowdown and price hikes, a survey showed on Sunday.The survey was conducted by the Nikkei business daily, covering 685 companies that had reported their quarterly earnings […]