Author: lbostgadmin
Iran expects OPEC to control quotas: minister
TEHRAN, August 3, 2008 (AFP) – Iran, the number two oil producer in OPEC, expects the cartel to discuss ways of controlling the quotas of member countries at its next meeting in September, the official news agency IRNA said.“In case of the continuation of a downward trend in oil price, one of the serious discussions […]
‘s Proton develops new hybrid car: reports
KUALA LUMPUR, August 3, 2008 (AFP) – Malaysia’s state-owned carmaker Proton is developing a new, fuel-efficient hybrid car to beat rising costs and address environmental concerns, reports said Sunday.Prime Minister Abdullah Ahmad Badawi told the state Bernama news agency he had already test-driven the car and urged the company to continue researching energy-saving technologies. “The […]
‘s SAARC nations
August 3, 2008 (LBO) – Bhutan and Bangladesh, tried to fan the flame of free trade in South Asia as dismantling trade barriers went off the agenda, when leaders of seven nations that make up a South Asian regional grouping met in Colombo.The agenda of the South Asian Association of Regional Co-operation (SAARC) was dominated […]
South Asian SAARC summit to conclude amid regional rivalry
August 3, 2008 (AFP) – South Asian leaders will push for anti-terror measures and greater food security as they wrap up a summit Sunday, but efforts to boost cooperation remain hampered by tensions between India and Pakistan. The prime ministers of the two countries met on the sidelines of the eight-nation regional summit, grabbing headlines […]
Bhutan offers to host South Asian SAARC fund at Sri Lanka summit
August 3, 2008 (LBO) – The landlocked kingdom of Bhutan offered tax concessions to host a planned South Asia Association of Regional Co-operation (SAARC) development fund, at a meeting of the seven nation grouping’s leaders in Colombo.The SAARC development fund is to have a 300 million dollar initial capital which will be used to fund […]
Bhutan wins bid to host South Asian SAARC fund at Sri Lanka meet
Aug 03, 2008 (LBO) – Bhutan will host the secretariat of a South Asian regional fund that has already collected 307 million dollars in commitments at a summit meeting of regional leaders, Sri Lanka’s foreign minister Rohitha Bogollagama said. But 300 million dollars of seed capital is tiny compared to the capital needs of the […]
Sri Lanka minister says South Asian telecom watchdogs should swiftly cut tariffs
Aug 03, 2008 (LBO) – South Asian telecommunications regulators should quickly move to bring down overseas telephone tariffs, Sri Lanka’s foreign minister Rohitha Bogollagama said at the conclusion of a regional leaders’ meeting.Sri Lanka’s president Mahinda Rajapaksa raised the issue of cheaper call charges during his opening speech at the summit meeting of the South […]
Erotic Fee
Aug 03, 2008 (LBO) – Sri Lanka has ordered internet firms to filter pornographic content, but adults could buy unrestricted access for special fee with password protection, a media report said.The Sunday Island newspaper quoting a Telecommunications Regulatory Commission of Sri Lanka (TRCSL) statement said President Mahinda Rajapaksa has ordered filtering sexually explicit content to […]
Sri Lanka Test evenly poised
GALLE, August 2, 2008 (AFP) – Harbhajan Singh bagged six wickets to help India gain a 37-run lead on the third day of the evenly poised second Test against Sri Lanka here on Saturday.The off-spinner finished with 6-102 as the hosts were all out for 292 in their first innings on the stroke of lunch […]
Sri Lanka bounce back in India Test with late strikes
GALLE, August 2, 2008 (AFP) – Sri Lanka grabbed three big wickets in the closing session to throw the second Test against India wide open on the third day here on Saturday. India were strongly placed at 144-1 before slipping to 200-4 in their second innings at stumps, with Muttiah Muralitharan, Ajantha Mendis and Chaminda […]
GM posts 15.5 bln dlr loss as US sales skid
WASHINGTON, August 1, 2008 (AFP) – General Motors posted Friday a whopping 15.5-billion-dollar net loss in the second quarter as the US auto giant took hefty restructuring charges and US sales skidded.The bleak earnings reported by the largest US automaker coincided with news of a seventh straight month of US nonfarm job losses that stoked […]
Sri Lanka Tigers offer stiff resistance against army
August 2, 2008 (AFP) – Heavy fighting broke out in northern Sri Lanka on the eve of a South Asian summit in the capital, leaving at least 11 government soldiers and seven rebels killed, a military official said Saturday. The fighting is taking place 250 kilometres (160 miles) north of here, but there has recently […]