Author: lbostgadmin
Euro sags ahead of ECB rate decision
TOKYO, Feb 7, 2008 (AFP) – The euro was slightly weaker against its major rivals in Asian trade on Thursday amid nervousness ahead of an interest rate decision by the European Central Bank, dealers said.They said traders were also cautious about a weekend meeting of world finance chiefs in Tokyo where recent financial market turmoil […]
Desert Move
Feb 07, 2008 (LBO) — Sri Lanka’s Aitken Spence, a top leisure group that also runs resorts in the Maldives and India, said it had inked a deal to operate four hotels of Oman Hotels and Tourism Company (OHTC). . Al Falaj and Ruwi Hotels in Muscat, Al Wadi in Sohar and Sur Plaza in […]
Sri Lanka says tea exports earned record billion dollars
Feb 7, 2008 (AFP) – Sri Lanka earned a record one billion dollars from tea exports last year despite a drop in volumes, the island’s tea board said Thursday.Sri Lanka’s high quality aromatic teas are made with tender leafs and buds of the plant botanically known as Camellia Sinenis. Sri Lanka, the world’s largest exporter […]
Electronic Cash
Feb 07, 2008 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has tied up with financial giant JP Morgan Chase, to offer a foreign exchange card that can replace travellers cheques for people traveling abroad, the bank said. Foreign travellers could store the equivalent of between 500 to 10,000 dollars and use it as to […]
Sri Lankan shares end up, more interest in Dockyard
Feb 07, 2008 (LBO) – Sri Lankan stocks edged up on thin trading Thursday with a big parcel of Distilleries propping up turnover but investors remained worried about the profitability of companies given high interest rates and inflation. The All Share Price Index went up 17.44 points to 2,454.89 while the liquid Milanka index closed […]
Sri Lanka says 37 Tamil Tigers killed, carries out air strikes
Feb 6, 2008 (AFP) – Sri Lankan war planes Wednesday bombed targets inside Tamil Tiger-held territory in the north as ground forces clashed with the rebels, leaving 37 guerrillas and five soldiers dead, the defence ministry said.War planes hit a location near Iranamadu on Wednesday morning after government forces destroyed some 30 bunkers of the […]
Rohit Sharma fined for dissent in Sri Lanka match
BRISBANE, Australia, Feb 5, 2008 (AFP) – Indian batsman Rohit Sharma was fined for dissent after India’s one-day international cricket wash-out against Sri Lanka at the Gabba here Tuesday. Sharma was fined 10 percent of his match fee for standing his ground after being given out by South African umpire Rudi Koertzen, caught behind off […]
‘s Coke unit in cricket talent search
Feb 6, 2008 (LBO) – Sri Lanka’s Coca Cola unit has teamed up with former cricket star Aravinda de Silva to launch ˜Cricket pathway’, a project to search for cricketing talent in rural areas in the country. “Coca Cola wants to see youngsters blossoming from school champions to world champions with guidance and support from […]
French minister calls for more US consultation with G7
PARIS, Feb 5, 2008 (AFP) – Europe will press the United States to show “more cooperation” in dealing with the global financial crisis at a weekend meeting of top finance officials, France’s European minister said Tuesday. “It would have been better if there was a more cooperative attitude — exchanges between treasuries, central banks, fewer […]
Wall Street hammered as survey points to US recession
NEW YORK, Feb 5, 2008 (AFP) – US stocks went into a tailspin Tuesday as a shockingly weak reading on service sector activity bolstered the notion that a recession is at hand in the world’s biggest economy. The Dow Jones Industrial Average sank 370.03 points (2.93 percent) to end at 12,265.13 after sharp losses on […]
Maldivians clear path for a woman on top, but will there be footprints?
Feb 06, 2008 (LBO) – Maldives have cleared the bar to elect a woman president, but the glass ceiling is unlikely to shatter soon as the incumbent strongman wants to rule on into a fourth decade, analysts said. Though the 50-member majlis, a representative body, has cleared the way Maumoon Abdul Gayoom, 70, has already […]
Super Brand
Feb 06, 2008 (LBO) – Sri Lanka’s Chartered Institute of Management Accountants (CIMA) has been awarded Superbrand status which will serve as a benchmark for other business-to-business services to reach for, branding officials said. “It is an indication that the brand has achieved a unique status in the country,” said Sharmila Cassim director marketing of […]