Author: lbostgadmin
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June 05, 2008 (LBO) – Sri Lankan and international media right groups Thursday said they were outraged by recent military criticism of journalists covering the war and urged the government to stop what they called its ‘hate campaign’. The Free Media Movement (FMM) and the International Federation of Journalists (IFJ) to which it is affiliated […]
Health Strategy
June 05, 2008 (LBO) – The Lanka Hospitals Corporation, which own’s Colombo’s Apollo Hospital, said it is targeting medical tourism in a big way, along with cosmetic surgery, and hopes to turn profitable in the next financial year. The hospital, whose ownership changed in October 2006 with tycoon Harry Jayewardena buying a controlling stake, said […]
Helping Move
June 05, 2008 (LBO) – Only two percent of the public buildings in Sri Lanka have easy access to the disabled, CEAT Tyres which is backing an organization that is campaigning to improving access to public buildings by the disabled, has said. “For numerous reasons, disability in both visible and invisible forms is on the […]
Sri Lanka tea prices seen recovering
June 05, 2008 (2008) Sri Lankan tea prices appear to have bottomed out with widespread demand returning to the Colombo auctions which have been enjoying a strong market this year, brokers said. “There was improved wide spread demand,” Forbes and Walker Tea Brokers said in a report on this week’s auction. “For the second consecutive […]
Sri Lanka in push for German visitors
June 05, 2008 (LBO) – Sri Lanka is hosting a workshop and familiarization tour for more than 100 German travel agents in a bid to lure more visitors, the island’s tourist promotion office said. The program will increase awareness about the Sri Lanka among German travel agents and motivate them to sell and promote the […]
Debit Deals
June 05, 2008 (LBO) – Commercial Bank of Ceylon has started giving discounts previously limited to credit card customers to the bank’s debit card holders, which has seen increased use following a credit card transaction tax, the bank said. Chief manager of Commercial Bank’s card centre, Lakshaman Perera said in a statement that a one […]
Prime Property
June 05, 2008 (LBO) – Sri Lanka’s Sampath Bank has called for proposals to develop a prime property it owns in the heart of the capital Colombo in a joint venture. The property market has been showing signs of cooling in recent months but prime locations such as Colombo 7 would always be pricey, analysts […]
Sri Lankan shares regain some ground, sentiment seen weak
June 05, 2008 (LBO) – Sri Lankan shares Thursday recovered some ground it lost the day before but on thin volumes with brokers saying the market is likely to remain weak given high inflation and interest rates. The All Share Price Index gained one percent (24.81 points) to end at 2,516.49 while the more liquid […]
Sri Lanka needs better transport, credit access to benefit from trade: study
June 04, 2008 (LBO) – Sri Lanka needs to improve access to markets through better transport infrastructure and access to credit to take advantage of opportunities presented by trade, a new study on the trade-poverty nexus in the island says. A major feature of the trade-poverty nexus in the island has been the uneven growth […]
Bernanke worried about dollar, toughens inflation message
WASHINGTON, June 4, 2008 (AFP) – Federal Reserve chairman Ben Bernanke signaled Tuesday that the US central bank is worried about the dollar, saying the sagging currency has led to “unwelcome” inflation pressures.“We may see somewhat better economic conditions during the second half of 2008, reflecting the effects of monetary and fiscal stimulus, reduced drag […]
” education
OAKLAND, June 4, 2008 (AFP) – A private San Francisco area university dedicated to the study of the cannabis industry is giving a whole new meaning to higher education. At Oaksterdam University — so called after the nickname locals have given to Oakland — students learn how to grow, harvest and cook marijuana, as well […]
Malaysian petrol price to jump 40 percent: PM
KUALA LUMPUR, June 4, 2008 (AFP) – Malaysia said petrol prices will jump 40 percent from Thursday, as it moves to cut the spiralling cost of subsidies despite the prospect of public outrage. Prime Minister Abdullah Ahmad Badawi said the price hike could suppress economic growth and drive up inflation as high as 5.0 percent […]