Author: lbostgadmin
” trade concession extension doubtful: EU parliamentarian
July 25, 2008 (LBO) – The extension of trade concessions from the European Union to Sri Lanka is doubtful unless the country takes action to protect human and political rights and improve press freedom, a visiting European parliamentary delegation said. “It is doubtful at the moment,” European parliamentarian Robert Evans who led the delegation told […]
”s agony
July 25, 2008 (AFP) – Tillakaratne Dilshan completed a century as Sri Lanka posted a massive 552-6 in their first innings at lunch on the third day of the opening Test against India here on Friday. The middle-order batsman (102 not out) reached his fifth Test hundred in the last over before the break when […]
Bunker mentality as Beijing readies for Games
BEIJING, July 25, 2008 (AFP) – Its ancient city walls were demolished decades ago, but with the Olympic Games fast approaching Beijing is raising a new defence that is echoing those long-gone fortifications.The capital has gone into fortress mode for next month’s Games, with police checkpoints choking road traffic into Beijing, tightened security across the […]
”s collapse
July 25, 2008 (AFP) – Muttiah Muralitharan triggered India’s collapse with four quick wickets to boost Sri Lanka’s hopes of enforcing a follow-on in the third Test here on Friday. The wily off-spinner grabbed 4-38 as India struggled to reach 159-6 in their first innings at stumps on the third day in reply to Sri […]
Critical DNS vulnerability found on internet: experts
SAN FRANCISCO, July 24, 2008 (AFP) – Internet security researchers on Thursday warned that hackers have caught on to a “critical” flaw that lets them control traffic on the Internet.An elite squad of computer industry engineers that labored in secret to solve the problem released a software “patch” two weeks ago and sought to keep […]
Eurozone money supply slows, points to weaker economy: analysts
FRANKFURT, July 25, 2008 (AFP) – Growth of eurozone money supply and credit eased sharply last month, the European Central Bank said on Friday, providing more evidence of a possibly major economic slowdown, analysts said.The ECB said its M3 indicator of money supply showed growth of 9.5 percent in June, down from a revised May […]
Sri Lanka fighting kills scores of rebels: military
July 25, 2008 (AFP) – Heavy ground battles across Sri Lanka’s north claimed the lives of 59 Tamil Tiger rebels and two soldiers, the defence ministry said Friday.Fresh fighting broke out on Thursday and Friday in the northeastern district of Mullaittivu as troops moved deeper into rebel-held areas, the ministry said. There was no immediate […]
One dead as serial bomb blasts hit Indian IT city: police
BANGALORE, July 25, 2008 (AFP) – India’s high-technology capital Bangalore was hit by a string of seven coordinated bomb blasts Friday with at least one person killed and several wounded, police said.Police said the southern city had been put on high alert, with bomb disposal teams and forensic experts rushed into action. “One woman died […]
‘s June quarter profits hit by floods
July 25, 2008 (LBO) – Hayleys MGT Knitting Mills, which supplies knitted fabric to Sri Lanka’s apparel industry, said June quarter net profit fell 19 percent to 705,228 US dollars (76 million rupees) after floods disrupted production.The company, a unit of the Hayleys group, said in a statement turnover grew 14 percent to 14.9 million […]
Pakistan should stop money printing to halt rupee slide: IMF
July 25, 2008 (LBO) – Pakistan should stop printing money to bridge budget gaps to avoid further currency depreciation and loss of foreign reserves, the International Monetary Fund has said.The new money increases demand for goods, and usually cause imports to go up, which in turn increases demand for foreign exchange. If the monetary authority […]
Transworks Project
July 25, 2008 (LBO) – Sri Lanka will look for private investors to develop prime state property in the heart of the capital Colombo, who would be expected to build a two-tower high rise which could cost around 200 million US dollars, a senior minister said. The land is the so-called Transworks Square, a four […]
Retirement Plan
July 25, 2008 (LBO) – Sri Lankans must start making specific plans to save and invest money early enough to help at the time of retirement or in an emergency, financial sector professionals say. Having a structured savings scheme automatically reduces the reliance on debt, Premaratne says. Most young people have not planned their future […]