Author: lbostgadmin
‘s economy speeds up in Q1: government
SINGAPORE, April 10, 2008 (AFP) – Singapore’s economy grew an annual 7.2 percent in the first quarter, faster than the 5.4 percent expansion recorded in the previous three months, the government said Thursday. But economists said the growth is likely to taper off in coming months amid a widely-expected US-led global slowdown. Last quarter’s performance […]
Prawn sandwich destroys Philippines fish nurseries: expert
MANILA, April 10, 2008 (AFP) – She helped turn many of the world’s prawn farmers into millionaires, but Jurgenne Primavera now worries that her life’s work might have indirectly accelerated the destruction of fish nurseries.The Filipina zoologist, whose research on breeding the black tiger prawn became a manual that revolutionised the aquaculture industry, pointed at […]
E-trade
April 10, 2008 (LBO) – Sri Lanka’s long-delayed effort to automate cargo clearance is making some progress with import manifests being filed electronically along with tea export documentation, trade officials said. A trial run involving Sri Lanka customs and the Sri Lanka Ports Authority (SLPA) has been completed with shipping lines now filing import manifests […]
Gainful Studies
April 10, 2008 (LBO) – The open and distance education model adopted by Sri Lanka’s IT services company, Virtusa, will help students gain employable skills while conducting higher studies, company officials say. The Virtusa Placement Engineer Scholarship program supports students’ work-study approach to obtain a degree in Information Technology. The program provides eligible students with […]
Boardroom Behaviour
April 10, 2008 (LBO) – Sri Lanka’s top state legal advisor has told company directors not to be mere ‘rubber stamps’ but to act independently and in the best interests of their companies and stakeholders. Attorney-general C R de Silva said company directors today are expected to meet an increasing range of obligations amidst commercial […]
Trinco Trade
April 10, 2008 (LBO) – Economic activity in Sri Lanka’s eastern port city of Trincomalee is set to revive after a public market was re-built by the United States and Greek aid, the US Embassy in Colombo said. The refurbished Anuradhapura junction public market in Trincomalee was opened this month. The rebuilding of the public […]
Top Marks
April 10, 2008 (LBO) – Hongkong and Shanghai Banking Corporation (HSBC) has jumped two places to top the latest Forbes 2000 list of the world’s top public companies, the bank said Thursday. This is the first time a non-US company has led the rankings since its launch in 2004, it said in a statement. The […]
Sri Lankan shares end firmer
April 10, 2008 (LBO) – Sri Lankan stocks closed slightly firmer Thursday but ended the shortened trading week on a weaker note despite a big deal that sent turnover soaring, brokers said.The All Share Price Index ended up 7.66 points at 2,614.63 while the more liquid Milanka was up 5.84 points at 3,275.74, Thursday. Turnover […]
‘s Central Bank says IMF inflation study is wrong
April 09, 2008 (LBO) – Sri Lanka’s central bank has strongly disputed findings in an International Monetary Fund study, which went against official claims that the island’s record high inflation was mostly caused by foreign factors. The research study came amid calls for fundamental monetary reform in the island. In March inflation hit 23.8 percent […]
Sri Lanka says 93 troops killed in March
April 9, 2008 (AFP) – At least 93 Sri Lankan soldiers were killed and another 686 injured during clashes with Tamil Tiger rebels last month, the prime minister told parliament Wednesday. Premier Ratnasiri Wickremanayake, in a statement to the 225-member national legislature, said 38 civilians were killed and another 21 wounded in March. “The number […]
Sri Lanka blood youngsters in ODI series against Windies
PORT OF SPAIN, Trinidad, April 9, 2008 (AFP) – Sri Lanka will use the three-match one-day international series against West Indies which opens here on Thursday to kick-start their preparations for the 2011 World Cup.Sri Lanka have made sweeping changes to the squad which drew the preceding two-Test series 1-1 with their hosts, and seven […]
US mortgage crisis may cost 945 bln dlrs worldwide: IMF
WASHINGTON, April 8, 2008 (AFP) – The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 billion dollars as the impact spreads in the global economy. The IMF, in a particularly stark report, said that falling US housing prices and rising delinquencies on the residential mortgage […]