Author: lbostgadmin
EU urges end to fighting in Sri Lanka
HELSINKI, Oct 14, 2006 (AFP) – The European Union on Saturday urged Sri Lanka’s leaders and the Tamil Tiger rebels to end fierce fighting which threatens peace talks due this month, after a week of raging violence there.“The presidency urges the government of Sri Lanka and the LTTE to ensure that humanitarian aid deliveries be […]
Champagne now the tipple of choice for hip-hop royalty
LOS ANGELES, Oct 14, 2006 (AFP) – For centuries regarded as a sparkling symbol of decadence sipped by kings and queens, Champagne has today become the tipple of choice for hip-hop royalty.But while rap stars have kept the bubbly flowing from magnums, Methuselahs and jereboams in fashionable nightclubs from New York to Los Angeles, not […]
Microcredit gives hope to Bangladesh rural poor
DHAKA, Oct 14, 2006 (AFP) – A tiny Grameen bank loan to buy a cow was a lifeline for 32-year-old Margina who now runs a successful rice business but was once so poor she could not afford to eat.Like millions of others, Margina saw her life transformed through a 3,000 taka (42 dollar) loan from […]
‘s Budget 2007 to focus on infrastructure, generate more savings; Treasury
October 14, 2006 (LBO) – Sri Lanka’s President Mahinda Rajapakse is due to present the 2007 budget on Nov. 14, which will focus on infrastructure and measures to generate more savings, the finance ministry said Saturday. “The importance of tax payer contributions towards country’s development efforts, suggestions to improve the tax system and taxpayer concerns […]
New front opens in Sri Lanka after big military losses
VAVUNIYA, Sri Lanka, Oct 13, 2006 (AFP) – Sri Lanka’s military and the Tamil rebels opened a new front in the east after a fierce battle in the north killed 130 soldiers, casting a shadow over peace talks later this month. More than 60,000 people have been killed in the three-decades-old conflict. Troops and the […]
‘s Muhammad Yunus and Grameen Bank
OSLO, Oct 13, 2006 (AFP) – The Nobel Peace Prize was awarded on Friday to Muhammad Yunus of Bangladesh and the Grameen Bank which offers loans to poor people without any financial security. “Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such […]
‘s biggest no-frills carrier raises 100 million dollars
BANGALORE, India, Oct 13, 2006 (AFP) – India’s biggest low-cost airline, Air Deccan, said Friday it has raised 4.5 billion rupees (100 million dollars) from two foreign banks to tide it over a financial crisis.G.R. Gopinath, Managing Director of Air Deccan, said the deal with British-based Banks Investec Bank and Germany’s Billon and HSH Nord […]
Microcredit offers millions way out of poverty in Bangladesh
DHAKA, Oct 13, 2006 (AFP) – Nearly three decades after Nobel prize winner Muhammad Yunus launched the pioneering Grameen Bank, giving small loans to the poor, microcredit is hailed for helping more than five million Bangladeshis. Grameen began life in 1976 as a pilot project run by Yunus, a professor of rural economics at Chittagong […]
Multi-media age finally dawns, media bosses say
CANNES, France, Oct 13, 2006 (AFP) – After years of eager anticipation and a lot of talk, the multi-media age has finally dawned and a string of breakthrough deals at this week’s largest ever MIPCOM audiovisual trade show will send it on its way around the world.That was the message from the entire line-up of […]
Microcredit: a tool for peace
PARIS, Oct 13, 2006 (AFP) – Microcredit has become an increasingly powerful tool to liberate the world’s poorest people, particularly women, from the prison of poverty and the power of loan sharks. It provides access to small loans to the world’s 1.2 billion poor people so they can rebuild their homes, pay school fees or […]
Braille Bills
Oct 13, 2006 (LBO) – Sri Lanka’s Telecom watchdog ordered local telco operators on Friday to provide consumer bills in Braille for the visually handicapped. Sri Lanka has four mobile phone operators Dialog, Celltell, Mobitel and Hutchison and three fixed line operators Sri Lanka Telecom (SLT), Suntel and Lanka Bell. For the six months to […]
Sri Lanka greets fewer visitors in Sept; hopes peace, discount airfares will reverse fortunes
Oct 13, 2006 (LBO) – Sri Lanka’s visitor arrivals in September fell 12 percent, but the Tourism Board is hoping discount airfares and peace talks between the government and Tamil Tiger rebels would stem the slide. Holidaymakers to this tear shaped island fell 11.6 percent to 38,485 visitors in September over the corresponding period 2005, […]