Author: lbostgadmin
Samsung unveils touch-screen smart phone
SINGAPORE, June 16, 2008 (AFP) – South Korea’s Samsung on Monday unveiled its latest smart phone, a touch-screen model to be commercially launched in Southeast Asia this week.The Omnia, which means “everything” in Latin, comes with a five megapixel built-in camera, 3.2-inch (eight-centimetre) screen as well as video functions, the company said. With its touch-sensitive […]
Britain warns of high attack risk in UAE
DUBAI, June 16, 2008 (AFP) – Britain has warned of a high risk of a terror attack in the United Arab Emirates, the booming oil-rich Gulf state and regional economic and tourst hub that is home to several million foreigners.“There is a high threat from terrorism.We believe terrorists may be planning to carry out attacks […]
Sri Lanka exports up on commodity boom
June 16, 2008 (LBO) – Sri Lanka’s exports grew 14.7 percent helped by strong prices for tea, while apparel exports grew by a slow 5.3 percent and the trade deficit expanded 92 percent on higher oil and capital goods imports, official data showed. The Central Bank said April export earnings increased 14.7 percent to 610 […]
Sri Lanka suicide bombing kills five: police
June 16, 2008 (AFP) – A suspected Tamil Tiger rebel detonated explosives carried on his motorcycle in northern Sri Lanka Monday, killing at least five people and wounded many more, police said.Vavuniya borders Tamil rebel-held territory further north of the island.The suicide bomber staged the attack directly in front of a police administration office in […]
Sri Lanka suicide bombing kills nine: police
June 16, 2008 (AFP) – At least nine people were killed and 40 wounded Monday in a suicide bombing at a police office in northern Sri Lanka, officials said.Police said the area was sealed off as victims were being rushed to hospital. Vavuniya borders Tamil rebel-held territory further north of the island.The suicide bomber detonated […]
Motorcycle suicide bomber kills 12 police in Sri Lanka: officials
COLOMBO, June 16, 2008 (AFP) – A suspected Tamil Tiger rebel detonated explosives on his motorcycle outside a police station in northern Sri Lanka Monday, killing at least 12 officers and wounding 40 others, officials said. The blast occurred during morning rush hour directly in front of the police building in Vavuniya town, 258 kilometres […]
Sri Lanka professionals call for policy reform in agriculture
June 16, 2008 (LBO) – Sri Lanka must have a clear cut agriculture policy, especially for paddy, without resorting to short term solutions, if the country is to tackle the approaching food security issues, agriculture professionals said. “We have been having ad hoc approaches to food security and food policy,” said Nimal Ranaweera, a former […]
Good Behaviour
June 16, 2008 (LBO) – Sri Lanka’s Central Bank said it has prepared a draft code of corporate governance for registered finance companies, based on the directions issued to licensed banks, that will come into effect from January 2009. It said in a statement that the draft took into consideration the views expressed by the […]
Harbour View
June 16, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) is getting ready to make commercial use of its vast landholdings around the harbours in the island, some of which are now considered prime property. “We’ve structured a framework agreement by which we can use the land for public-private partnership projects,” SLPA chairman Saliya […]
Sri Lanka stocks end weaker on inflation concerns
June 16, 2008 (LBO) – Sri Lanka stocks closed marginally lower on thin trading with high inflation and interest rates driving investors away from the market, brokers said. The All Share Price Index fell 0.43 percent (10.46 points) to end at 2,444.91 while the more liquid Milanka was down 0.62 percent (18.35 points) to end […]
Cash strapped Sri Lanka Cricket sinks deeper into debt: report
June 15, 2008 (LBO) – Sri Lanka Cricket, the island’s richest sporting body, is currently surviving on a 7.5 million dollar overdraft, a media report said. The triangular series had been due to take place in August 2006 between the hosts, South Africa and India. India stayed to play Sri Lanka, but rain disrupted the […]
G8 finance chiefs send message to oil speculators: analysts
OSAKA, June 15, 2008 (AFP) – Group of Eight finance chiefs sent a warning signal to oil speculators this weekend, highlighting the inflation threat to the global economy in an attempt to cool red-hot energy prices, analysts said.Although the finance ministers said it was unclear how much influence speculators wield over energy markets, their remarks […]