Author: lbostgadmin
Sri Lanka to get Chinese support in tea cultivation
July 09, 2008 (LBO) – Sri Lanka’s tea industry expects to get support from China to improve plant breeding and cultivation, Sri Lanka Tea Board chairman Lalith Hettiarachchi said. “We hope to do that in the very near future at a government-to-government level,” Hettiarachchi said. He said scientists from both countries, both big tea producers, […]
Sri Lanka share slide ends on telecom gains
July 09, 2008 (LBO) – A slight recovery in the price of heavyweight Sri Lanka Telecom ended a lengthy slide in the Colombo stock market indices Wednesday but turnover was thin. Brokers said the negative sentiment was likely to continue with record inflation and high interest rates hurting consumers and companies alike. The All Share […]
Sri Lanka rejects bids for 12-month treasuries
July 09, 2008 (LBO) – Sri Lanka has rejected bids for 12-month treasuries at an auction Wednesday and sold 3.6 billion rupees out of 8 billion rupees of maturing bills, the government’s debt office said. Last Wednesday 6-month bills edged up 08 basis points, and 12-month bills 7 basis points. Yields of 3-month bills were […]
Tired Dhoni opts out of Sri Lanka Tests
MUMBAI, July 8, 2008 (AFP) – India’s Mahendra Singh Dhoni took the rare step of pulling out of a Test tour because of fatigue on Tuesday, saying he wanted to miss the upcoming series against Sri Lanka. The wicketkeeper-batsman told officials he was not available for the three Tests starting in Colombo on July 23, […]
Mystic Mendis is latest Sri Lankan mould-breaker
NEW DELHI, July 8, 2008 (AFP) – As if Muttiah Muralitharan was not enough, Sri Lanka now have another formidable spinner in Ajantha Mendis, whose unique style is also breaking new ground.Muralitharan, with a record 735 Test wickets, has long flummoxed batsmen with his “doosra” delivery that spins away from right-handers instead of coming in […]
Sri Lanka replace Zimbabwe with 2009 tour of England
LONDON, July 8, 2008 (AFP) – Sri Lanka will play two Tests and three one-day internationals in England next April and May, stepping into the fixture gap created by England’s decision to break off cricket relations with Zimbabwe.Dates for the tour were announced on Tuesday by the England and Wales Cricket Board (ECB). David Collier, […]
‘s Gorkhas campaign for new state
DARJEELING, July 8, 2008 (AFP) – Leaders of the ethnic Nepali-speaking minority in India’s mountainous and tea-rich northeast have started month-long prayers to press for their own federal state.Ethnic Gorkhas — who number more than a million in the eastern state of West Bengal — have been demanding a separate state within India for decades, […]
South Korea props up won with dollar sales
EOUL, July 8, 2008 (AFP) – The South Korean won hit a two-week high Tuesday after foreign exchange authorities sold up to two billion dollars to prop it up, traders said.The currency was quoted at 1,031.60 per dollar as of 0500 GMT, compared to Monday’s close of 1,042.90. Earlier Tuesday it rallied as high as […]
” of recession: survey
LONDON, July 8, 2008 (AFP) – Britain’s economy, buckling under the credit crunch and a slowing property market, faces a “serious risk” of recession as firms face soaring costs and falling orders, according to a survey published Tuesday.The British Chambers of Commerce, which represents the country’s business interests around the world, made the claim in […]
Matsushita Electric Works says it has developed eco-friendly lamp
TOKYO, July 8, 2008 (AFP) – Japan’s Matsushita Electric Works Ltd.said Tuesday it had developed a fluorescent lamp that does not use mercury or a gas-discharging process. The enviromentally friendly device, which uses processed silicon, could be 50 percent brighter than a conventional fluorescent lamp while consuming the same amount of electricity, the company said […]
Virtual Slaves
JAKARTA, July 8, 2008 (AFP) – Saudi Arabian families are abusing female migrant workers to the point of slavery and Riyadh needs to respond with sweeping labour and justice reforms, a major rights group said Tuesday.US-based Human Rights Watch (HRW) said in a new report released in Indonesia, the home country of thousands of female […]
Peace Building
July 07, 2008 (LBO) – Sri Lanka’s government should start English medium schools in the East of the island, because educators in the areas are clamouring them, a top official in charge of peace building efforts said.The Secretariat for Coordinating the Peace Process (SCOPP) is encouraging communities in the Eastern Province to formulate their own […]