Author: lbostgadmin
‘s highest apartment rents: survey
SINGAPORE, April 16, 2008 (AFP) – Hong Kong has the world’s priciest apartment rents, with the lease for a three-bedroom unit costing more than 9,700 US dollars on average a month, a survey released Wednesday said.Singapore, which positions itself as a Southeast Asian business hub, saw Asia’s biggest year-on-year rental increase of more than 30 […]
Sri Lanka war planes hit Tiger communication centre: military
April 15, 2008 (AFP) – Sri Lankan war planes bombed a communications centre inside rebel-held territory Tuesday after heavy ground battles left seven Tamil Tigers dead, the defence ministry said. The target was taken on Tuesday afternoon as ground troops battled the rebel Liberation Tigers of Tamil Eelam (LTTE) along the de facto border of […]
Sri Lanka steps up air strikes, ground battles: military
April 16, 2008 (AFP) – Sri Lanka stepped up air attacks against Tamil Tiger rebels Wednesday, deploying jets and helicopter gunships as 12 guerrillas were killed in ground battles, defence officials said. Fighter jets bombed a suspected Tamil Tiger base in the northern town of Oddusudan overnight while Mi-24 helicopter gunships were deployed to attack […]
Sri Lanka Telecom share price edges up as large stake changes hands
April 16, 2008 (LBO) – Nearly 32 million Sri Lanka Telecom shares changed hands on the Colombo bourse at 49 rupees a share, up 25 cents Wednesday.Brokers said the seller was believed to have been a Sri Lanka-born investor who had bought the stake before the UT bid and was making a sizeable profit within […]
Sri Lanka Telecom share transfer boosts turnover
April 16, 2008 (LBO) – Nearly 32 million Sri Lanka Telecom shares were traded on the Colombo bourse at 49 rupees a share, boosting turnover on an otherwise slack Wednesday, dealers said.The transaction was a foreign-to-foreign transfer to an investment fund, said Danushka Samarasinghe, research manager at Asia Securities, the broking house which did the […]
Offshore Riches
April 15, 2008 (LBO) – Sri Lanka’s Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, to handle oil exploration. A well-structured institutional arrangement should exist for policy formulation, management, regulation, and supervision of oil exploration, development and production, it said in its newly released 2007 […]
Hedging Profits
April 15, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing losses from retailing petroleum below-cost in that month. . “In March we lost 3,769 million rupees retailing fuel, but a hedging contract with Citibank earned us about 580 million rupees,” […]
Singleton
April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil companies gave bids, petroleum minister A H M Fowzie said. . “We are only evaluating the block for which we received three bids,” Fowzie told reporters Tuesday. […]
Sri Lanka told to clean up human rights record
April 15, 2008 (AFP) – A team of top legal luminaries told Sri Lanka’s government on Tuesday to clean up its human rights record, saying an escalating war against Tamil Tiger rebels had brought with it grave abuses. Updated The International Independent Group of Eminent Persons (IIGEP), comprising experts from several countries, the European Union […]
White House releases US$200mn in food aid after printing money to create commodity bubble
WASHINGTON, April 14, 2008 (AFP) – The White House on Monday authorized the release of 200 million dollars in emergency food aid to help alleviate a growing global food crisis, a spokeswoman said. “With this action, an estimated 200 million in emergency food aid will be made available through the US Agency for International Development,” […]
Pakistan to reduce money printing amid high inflation: finance minister
April 15, (LBO) – Pakistan will reduce its borrowings from the Central Bank in the coming months to cut inflation, newly appointed finance minister Ishaq Dar has said. “Government borrowings have been quite excessive from the central bank in the last nine months,” Dar was quoted as saying in Bloomberg at the IMF meetings in […]
Daughter of assassinated Indian PM says met conspirator in prison
NEW DELHI, April 15, 2008 (AFP) – The daughter of assassinated Indian premier Rajiv Gandhi on Tuesday confirmed she had met one of the people behind her father’s murder. Priyanka Gandhi Vadra said meeting Nalini Sriharan at her prison helped her come to terms with the killing of her father by a suicide bomber in […]