Author: lbostgadmin
China makes equity investments from forex reserves
BEIJING, May 21, 2007 (AFP) – A new Chinese investment company charged with handling the nation’s bulging reserves has agreed to invest three billion dollars in US private equity company Blackstone, the American company said.Analysts have suggested that the new agency would start slowly while it refines its daily operations and so as not to […]
Oil-rich Iran to ration petrol to get out of subsidy fiasco
TEHRAN, May 21, 2007 (AFP) – Oil-rich Iran is to delay a plan, scheduled to be implemented on Wednesday, to ration petrol and raise pump prices that is expected to have a profound impact on its economy, officials said.Iran has been unable to distribute sufficient rationing cards in time to consumers to execute the plan, […]
At Last
May 21, 2007 (LBO) – Copies of Sri Lanka’s new Companies Act can now be downloaded from the Web and are available at the government publications bureau. A spokesman for the Registrar of Companies Department said the Companies Act No 7 of 2007, which came into affect on May 03, can be downloaded from their […]
Tourist arrivals to Sri Lanka continue to slide fighting escalates
May 21, 2007 (AFP) – The number of holidaymakers visiting Sri Lanka fell by nearly 20 percent in the first four months of this year as fighting between troops and Tamil rebels escalated, the tourism authority said Monday.Visitor numbers to Sri Lanka dropped to 167,674, down 19.9 percent over the corresponding period of last year. […]
New Port
May 21, 2007 (LBO) – Four investor groups have sent in bids to build the infrastructure and do the dredging for the Colombo Port Expansion Project, a new deep-water harbour next to Colombo. The new port will be designed to handle ships with a draft of 16 metres and as long as 400 metres. Sri […]
‘s Tamil Tigers abducted us, say Indian fishermen
CHENNAI, India, May 20, 2007 (AFP) – Eleven southern Indian fishermen who went missing in March returned at the weekend alleging that they had been abducted at sea and kept captive by Sri Lanka’s Tamil Tiger rebels. The Tamil Tiger rebels rely on small ships and boats to smuggle black market weapons to the northern […]
Six killed in Sri Lanka fighting
May 20, 2007 (AFP) – Six people were killed and 10 others were wounded as government troops traded fire with Tamil Tiger rebels in Sri Lanka’s war-torn north, the defence ministry said Sunday.Security forces beat back an attempt by the Liberation Tigers of Tamil Eelam (LTTE) to break through the frontline at Muhamalai in Jaffna […]
Sri Lanka rebels say no peace talks until fighting stops
May 20, 2007 (AFP) – Sri Lanka’s separatist Tamil rebels on Sunday vowed never to return to peace negotiations unless the government halts a military campaign against them. . The leader of the political wing of the Liberation Tigers of Tamil Eelam (LTTE), S. P. Thamilselvan, said attacks by government forces would not force them […]
G11 admits two great sins; promise “fiscal prudence and sound monetary policies” in future
SHUNEH, Jordan, May 19, 2007 (AFP) – G11 developing countries agreed at a summit Saturday on a framework to push for cooperation with G8 industrialised nations to ease their debts and build prosperous economies.“Our two organisations have a vital shared goal, to strengthen prosperity and peace in the 21st century,” Jordan’s King Abdullah II told […]
Sri Lanka – Jordan govts and trade chambers sign new deals ahead of G11 summit
SHUNEH, Jordan, May 19, 2007 (AFP) – Heads of state and representatives of 11 developing countries meet in Jordan on Saturday to draw up a platform of cooperation with the G8 industrialised nations and bolster multilateral trade.The G11 summit grouping Croatia, Ecuador, El Salvador, Georgia, Honduras, Indonesia, Jordan, Morocco, Pakistan, Paraguay and Sri Lanka meets […]
Five family members massacred in Sri Lanka
COLOMBO, May 19, 2007 (AFP) – Five family members, including two boys aged four and eight, were hacked to death on Saturday in a town just outside the Sri Lankan capital in what police said may have been a family feud. Unidentified attackers killed K. W. Tillakaratne, 36, his wife, their two children and the […]
Pakistan beat Sri Lanka by 5 wickets in 1st ODI
ABU DHABI, May 18, 2007 (AFP) – Pakistan beat Sri Lanka by five wickets in the 1st ODI here on Friday after a superb 73 off just 34 balls from Shahid Afridi.He even managed to hit 32 off just one over for the second highest number of runs scored in an over, to convert what […]