Author: lbostgadmin
Sri Lanka tea output grows by over 18 pct
July 23, 2008 (AFP) – Sri Lanka’s tea production rose by 18.2 percent to 171.3 million kilograms (376.9 million pounds) during the first half of this year, the Sri Lankan Tea Board said Wednesday. Production in June was 27.3 million kilograms, up 16.2 percent from the 23.5 million kilos during the same month last year. […]
Rail Loan
July 23, 2008 (LBO) – Sri Lanka has inked a deal with India’s Export-Import Bank of India to borrow 100 million US dollars to upgrade a coastal rail track and buy rolling stock, the island’s finance ministry said. A credit agreement for 100 million US dollars was signed between finance ministry secretary P B Jayasundera […]
Sri Lanka stocks recover slightly
July 23, 2008 (LBO) – Sri Lankan stocks closed up Wednesday, ending several days of losses, on thin turnover with brokers saying sentiment remained weak over worries high inflation and interest rates would hit corporate earnings. The All Share Price Index closed up 0.77 percent (17.90 points) at 2,356.53 while the more liquid Milanka gained […]
Sri Lanka economy, tourism targeted by Tamil Tigers: official
July 22, 2008 (LBO) – Sri Lanka’s hoteliers say the industry is heading for the worst crisis in its history amid an ongoing internal conflict, while a senior government official said the economy and tourism was targeted by Tamil Tiger guerillas.Foreign visitors to the island fell 9.3 percent in May, hard hit by travel warnings, […]
‘s Dravid
July 21, 2008 (AFP) – Former captain Rahul Dravid says India need to be at their best to beat Sri Lanka in home conditions in a three-Test series starting here on Wednesday.“They have got the right balance in these conditions.They are always a big threat at home. Muttiah Muralitharan is a big impact and Chaminda […]
Mama Mia – Torres takes on fifth Olympics at 41
LOS ANGELES, July 22, 2008 (AFP) – In a sport littered with precocious prodigies, 41-year-old swimming mum Dara Torres shatters the mould. Torres was a talented teen herself when she won her first Olympic swimming gold in Los Angeles in 1984. Now she’ll tackle her fifth Games campaign in Beijing alongside teammates and rivals young […]
Sri Lanka banking on pride in India series, says captain
July 22, 2008 (AFP) – Skipper Mahela Jayawardene says Sri Lanka are keen to maintain their impressive home record when they take on India in a three-Test series, which starts here on Wednesday.The hosts have won home series against South Africa, England and the West Indies in the past four years and in the same […]
Vaccine kick-starts immune response to cancer
July 21, 2008 (AFP) – Researchers have developed a plant-based cancer vaccine capable of kick-starting the body’s immune response and being tailored to a patient’s specific tumor type, according to a study released Monday.While they have not yet determined whether the immune response is sufficient to destroy the cancer, the researchers are hopeful that the […]
European shares get boost from Bank of America earnings
LONDON, July 21, 2008 (AFP) – European stock exchanges forged ahead Monday, powered by news of second-quarter profit at Bank of America that reassured investors about the health of the US financial sector.In London the FTSE 100 index gained 0.52 percent to close at 5,404.30 points, while in Paris the CAC 40 rose 0.65 percent […]
‘s carbon sink: study
CHICAGO, July 21, 2008 (AFP) – Nutrients carried by the Amazon River help create a carbon sink deep in the Atlantic Ocean, a study released Monday has found.The key ingredients transported by the river are iron and phosphorus. These elements are all that an organism called a diazotroph needs to capture nitrogen and carbon from […]
Indian opposition demand PM resign over bribe allegations
NEW DELHI, July 22, 2008 (AFP) – India’s main opposition party on Tuesday demanded the resignation of Prime Minister Manmohan Singh over allegations the government was bribing lawmakers to survive a vote of confidence in parliament. The demand came as a crucial debate descended into chaos when opposition MPs started waving around large bundles of […]
Emerging markets want industrialised nations to make first move
GENEVA, July 22, 2008 (AFP) – Emerging economies challenged rich countries to prove their goodwill on Tuesday at crucial World Trade Organization talks, which were hamstrung by the absence of the Indian trade minister.Ministers from about 35 key nations are meeting in Geneva this week to break seven-year deadlock over a new global trade deal. […]