Author: lbostgadmin
Dodgy Doctors
Oct 23, 2007 (LBO) – Some Sri Lankan doctors who work long hours attending to other people’s health, hide their wealth so well that they pay income tax on less than half their earnings, it was revealed at a recent investor forum. A health care professional working for a pharmaceuticals company told the forum organized […]
‘s Talawakelle Tea Estates profits nose dive
Oct 23, 2007 (LBO) –Hayleys subsidiary Talawakelle Tea Estates has reported a sharp fall in profits up to September this year as it struggles to recover from the effects of a strike which crippled production late last year and bad weather. Production fell even after the strike as estates were forced to prune and discard […]
Sri Lanka tourism arrivals down 21 percent
Oct 23, 2007 (AFP) – Sri Lanka on Tuesday reported a sharp 21 percent drop in holidaymakers visiting the island, a day after Tamil Tigers launched a major suicide attack against a key military base. Tourist arrivals during the month of September slipped 3.6 percent to 37,104 compared to the same period in 2006. The […]
Sri Lanka Tigers damage two helicopter gunships in assault
Oct 22, 2007 (LBO) – Sri Lankan Tamil Tiger rebels launched an air and ground assault under cover of darkness on an air force base in the north central Anurahapura region, damaging two helicopter gunships and wounding at least eight troops in the early hours of Monday. The Tigers destroyed or damaged 26 commercial and […]
Sri Lankan exports slow down in August
Oct 22, 2007 (LBO) – Sri Lanka’s exports slowed down in August 2007 but cumulative higher export growth over imports helped narrow the trade deficit for the first eight months of the year, the Central Bank said Monday. It said in a statement on the island’s external trade performance that higher growth of exports over […]
Sri Lanka airforce says two helicopter gunships damaged in Tiger air, ground assault
Oct 22, 2007 (LBO) – Tamil Tiger rebels launched a pre-dawn air and ground assault on a Sri Lankan air force base on Monday, damaging at least two helicopter gunships, military officials and news agency reports said.An air force spokesman said two Mi-24 helicopter gunships were damaged in the Tiger attack. At least eight air […]
Sri Lanka Tiger air, land attack kills five
Oct 22, 2007 (AFP) – Five Sri Lankan airmen were killed as Tamil Tiger rebels launched an unprecedented air and land attack on a northern military base, officials and a pro-rebel website said on Monday.A 2002 truce brokered by Norway began to unravel in December 2005 and since then, thousands of people have killed and […]
Sri Lanka rebels say suicide unit used in attack
Oct 22, 2007 (AFP) – Sri Lanka’s Tamil Tiger rebels said Monday they had used members of an elite suicide squad to stage their first-ever coordinated ground and air assault against a key military base.Military sources said the bigger loss for the security forces apart from the fatalities was the destruction of a Beechcraft aircraft […]
Sri Lankan Tiger attack casualties mount
Oct 22, 2007 (LBO) – Up to nine Sri Lankan servicemen and 20 Tamil Tiger rebels were killed during the Tiger air and ground attack on the Anuradhapura Sri Lanka Air Force airbase in the early hours of Monday, military officials said Two Mi-24 air force attack helicopters were badly damaged in the Tiger attack […]
Dollar hits record low against euro after G7 meeting
TOKYO, Oct 22, 2007 (AFP) – The dollar suffered fresh losses in Asian trade Monday, hitting a record low against the euro after US share prices slumped and world finance chiefs refrained from voicing increased concern about currencies. Finance ministers and central bankers from the Group of Seven industrialised nations on Friday only reiterated that […]
US subprime crisis “an accident waiting to happen”: Greenspan
WASHINGTON , Oct 21, 2007 (AFP) – The financial turmoil that erupted earlier this year in the US subprime housing market was “an accident waiting to happen” and could have taken place in any other sector, former Federal Reserve chairman Alan Greenspan said here Sunday.“Credit spreads across all global asset classes had become compressed to […]
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WASHINGTON, Oct 22, 2007 (AFP) – The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an “abrupt fall” in the dollar, linked to a loss of confidence in dollar assets.“There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss […]