Author: lbostgadmin
‘t add up
Nov 1, 2007 (AFP) – Judging by Sri Lankan government accounts of Tamil Tiger dead after decades of fighting, there should hardly be any rebels left. Yet the guerrillas keep on fighting, and apparently dying in large numbers — pointing either to an unlimited pool of combatants or a government wish to boost morale by […]
Dollar dives to new low against euro after Fed rate cut
NEW YORK, Oct 31, 2007 (AFP) – The dollar slid to new lows against the euro and the pound Wednesday after the US Federal Reserve cut a quarter-point from interest rates. The single European currency topped the 1.45 dollar level for the first time, reaching 1.4504 dollars after the Fed’s widely anticipated short-term rate cut […]
Gold passes 800 dollars an ounce as Fed prints more money
NEW YORK, Oct 31, 2007 (AFP) – The price of gold passed 800 dollars an ounce on Wednesday for the first time since 1980 after the US Federal Reserve lowered its key short-term interest rate, the New York Mercantile Exchange said. Gold futures for December touched 800.80 dollars on the exchange (NYMEX) after the Fed […]
Oil hits new high after Fed rate cut
SINGAPORE, Nov 1, 2007 (AFP) – Oil prices scaled record highs of more than 95 dollars a barrel in Asian trade Thursday after the Federal Reserve lowered interest rates and following news of a surprise decline in US crude stocks. New York’s main futures contract, light sweet crude for delivery in December, was trading at […]
Broad Highway
Nov 01, 2007 (LBO) – Dialog Broadband Networks, a unit of Dialog Telekom launched broadband services offering high download speeds at competitive prices which can potentially take-over the corporate leased line market for internet, officials said. The firm uses Worldwide Interoperability for Microwave Access (WiMax) to offer download speeds of up to 4Megabits per second […]
Blank Cheque
Nov 01, 2007 (LBO) – Tariff preferences available under European Union market access concessions are a ‘blank cheque’ for Sri Lankan exporters to penetrate sophisticated markets, trade officials said. Director of Commerce Kulatunga Perera said the EU’s Generalised System of Preferences Plus scheme will be reviewed in 2008 and that he was confident Sri Lanka […]
Sri Lanka small tea grower factory profits surge
Nov 01, 2007 (LBO) – Rising low grown tea prices have helped boost Sri Lanka’s Tea Smallholder Factories’ second quarter profit net profit 151 percent to 33.5 million rupees compared with the same period a year ago. Revenue for the quarter ended September 30, 2007 shot up 62 percent to 578 million rupees, according to […]
Sri Lanka inflation jumps in October to 19.6 %
Oct 31, 2007 (LBO) – Sri Lanka’s inflation rocketed 3.8 percent in October driving consumer prices in the capital Colombo during the past 12-months to 19.6 percent, the government’s statistics office said. At the beginning of the year, the central bank promised to limit inflation to only 10 percent a year, but later admitted it […]
” in Sri Lanka: UN expert
GENEVA, Oct 30, 2007 (AFP) – The UN’s top torture expert, Manfred Nowak, said on Tuesday that torture — including beatings, asphyxiation and burning — was becoming “routine” during counter-terrorism operations in Sri Lanka.Violence has surged on the island since a Norwegian-arranged truce began unravelling in December 2005. Nowak said in statement on his mission […]
Sri Lanka online journalist shot in capital
Oct 31, 2007 (LBO) – A media rights body has called for an open inquiry in to the shooting of an online journalist in Colombo, days after government withdrew the license of a radio station and politicians verbally attacked news websites.Although the Free Media Movement (FMM) does not have any evidence to blame any party […]
Sri Lanka issues gazette on war reporting censorship
Oct 31, 2007 (AFP) – Sri Lanka imposed censorship on war reporting a week after Tamil Tiger rebels carried out a devastating attack on the country’s air force, a government notice showed Wednesday.President Mahinda Rajapakse used tough emergency laws to ban the publication of any information on military operations as well as procurements, a gazette […]
Sri Lanka to withdraw censorship?
Oct 31, 2007 (AFP) – Sri Lanka has imposed blanket censorship on war reporting, officials said Wednesday, a week after a devastating attack on its air force, but is reconsidering the move following media protests.The government then came under fire from media rights groups after saying it would like to hire hackers to stop the […]