Author: lbostgadmin
Tokyo bourse buys stake in Singapore exchange
June 15, 2007 (AFP) – The Tokyo Stock Exchange said Friday that it had acquired a stake of almost five percent in the Singapore stock exchange operator as part of its efforts to forge links with overseas bourses.The Singapore group welcomed the move and said it was ready to explore prospects for further collaboration with […]
‘s oldest monastery
BEIJING, June 15, 2007 (AFP) – Chinese authorities have removed a giant Buddhist statue from Tibet’s oldest monastery, in a move US-based rights group said Friday reflected an ongoing crackdown in the Tibetan region.The 30-foot (nine metre) gold and copper-plated statue of Guru Rinpoche, the founder of Buddhism, was torn down by Chinese police in […]
Smoke Sales
June 15, 2007 (LBO) – Sri Lanka plans to set up a carbon fund to promote carbon trading and provide financial as well as technical support for potential project developers, a government minister said Thursday. The concept imitates an ecosystem that produces food and manages the land. Trees and vegetables useful to mankind will be […]
Telemedicine
June 15, 2007 (LBO) – Sri Lanka has equipped a rural hospital with computer facilities and a broadband link to offer patients remote consultation, diagnosis, and treatment through telemedicine, the government information technology agency ICTA said Friday. The project in Kurunegala, in the island’s north-central region, was launched under the Information and Communication Technology Agency™s […]
Sri Lanka downturn cushioned by Maldives profits of top leisure firms
June 15, 2007 (LBO) – Two of Sri Lanka’s leisure sector players have managed to cushion a downturn in tourism on the island, with profits from resorts they own in the Maldives. . John Keells Holdings, one of the biggest capitalised firms in the Colombo bourse, and Aitken Spence, have been expanding in to the […]
Sri Lanka interest rates up on heavy government borrowing
June 13, 2007 (LBO) – Sri Lanka’s 3-month risk free yields gained 15 basis points at the latest treasuries auction, while a ministerial decision to fix electricity and fuel prices announced this week threatens to send rates higher. . The average bids accepted for the 3-month bill rose to 17.09 percent, while 6-month bills edged […]
Sri Lanka trade deficit expands in April but BOP steady
June 14, 2007 (LBO) – Sri Lanka’s exports grew 11.5 percent and imports by 7.4 percent in the first four months of 2007, keeping the trade deficit at last year’s level, but the gap in the month of April itself widened, the Central Bank said.In April exports grew 6.8 percent to 535 million dollars, slower […]
Sri Lanka slums to get facelift with UN, private sector help
June 14, 2007 (LBO) – The United Nations Habitat section has teamed up with Sri Lanka’s urban development ministry to improve living conditions of low income families living in the capital city’s slums. The program was launched by the UN Human Settlement Program with the help of Ministry of Urban Development and Emerging Markets Group […]
Filipino aid worker for US charity in Sri Lanka shot
June 14, 2007 (AFP) – A Filipino aid worker has been shot and wounded in northeastern Sri Lanka, a hospital spokeswoman said Thursday. Antonio Villeomour, of the US charity Mercy Corps, was being treated at Colombo’s National Hospital, spokeswoman Pushpa Soysa said. “He is conscious and not in a critical condition,” she told AFP. Villeomour […]
Australians in running for Sri Lanka coaching job
June 14, 2007 (AFP) – Sri Lanka has short-listed a handful of Australian coaches to take over the national team, officials said Thursday.Former Sri Lankan fast bowler Rumesh Ratnayake will assist Penney until the formal appointment of a new coach.“Terry Oliver and Trevor Bayliss are under consideration,” a Sri Lanka Cricket (SLC) source told AFP. […]
Sri Lanka names Bayliss as coach
June 14, 2007 (AFP) – World Cup finalists Sri Lanka on Thursday named ambitious Australian Trevor Bayliss as their new coach on a two-year deal.Bayliss, 44, who currently coaches New South Wales, replaces another Australian Tom Moody, who quit last month to work with Western Australia. “Bayliss has been appointed for a two-year period starting […]
” lawmakers seek action
WASHINGTON, June 13, 2007 (AFP) – The US Treasury stopped short of branding China a “currency manipulator” Wednesday even as new efforts were launched in Congress to punish Beijing for maintaining an undervalued yuan. The Treasury, in a much-anticipated semiannual report, said China’s tightly controlled exchange rates have led to a variety of economic problems […]