Author: lbostgadmin
US economist Edmund S. Phelps wins Nobel Economics Prize
STOCKHOLM, Oct 9, 2006 (AFP) – US economist Edmund S.Phelps won the 2006 Nobel Economics Prize on Monday for work on trade-offs in macroeconomic policy, the Nobel jury said, noting that his work had improved understanding of how policy affected welfare for present and future generations. List of Nobel Economics Prize laureates 2006: Edmund S. […]
Scientists pore over data from NKorea blast
PARIS, Oct 9, 2006 (AFP) – Scientists took a dour wait-and-see attitude after North Korea claimed to have successfully conducted a nuclear test on Monday.Only careful analysis of data returned by seismic or atmospheric sensors will say whether the blast was a success or a damp squib, they said. Nor could they rule out the […]
Always On
DHAKA, Oct 9, 2006 (AFP) – AlwaysOn Network, Inc.of the United States will invest 60 million dollars to provide Internet services to most of Bangladesh within 10 years, a government spokesman said Monday. The company signed an agreement with the information and communication technology ministry on Sunday to establish Internet services in each of the […]
Catchy Numbers
TEHRAN, Oct 9, 2006 (AFP) – Ever wanted the mobile number 123456789?In Iran it can be yours, if you have tens of thousands of dollars to spare. The Islamic republic’s telecommunication officials have decided to auction off hundreds of catchy number sequences and use the profits to shore up the cumbersome Iranian mobile phone network, […]
Clean Drink
October 9, 2006 (LBO) – Sri Lanka Monday signed up for 20.5 million euros or a 2.67 billion rupee loan from the Dutch government to improve the drinking water facilities in six rural towns. Disbursed through Denmark™s Nordea Bank, the interest free loan falls under the Danish mixed credit programme where repayments are spread over […]
Toy Story
Oct 09 2006 (LBO) – Sri Lanka has brought in restrictions on imports of remote controlled toys fearing the remote control unit and the frequency band can be used to set off explosive devises, officials said Monday. The regulations limit the frequency radius of ground and water toys to ten metres while aircrafts or any […]
Better Perks
October 9, 2006 (LBO) – Unions affiliated to Sri Lankan state banks are pressing for a second pension for staff who joined after 1996, though existing pension funds are short by billions of rupees. Prior to 1996, all state bank employees were given a pension, besides the statutory Employees Provident Fund (EPF) and Employees Trust […]
Flying Free
Oct 09, 2006 (LBO) – Sri Lanka and India opened talks on Monday to free up air services between the countries, ahead of Colombo designating new carriers to fly international routes. Sri Lanka has about 59 bilateral agreements with different countries, though its uses just about 19 of them. “We are basically asking for more […]
‘s first LKR2,000 note to debut on Oct. 17
October 9, 2006 (LBO) – Sri Lanka plans to issue its maiden 2,000 rupee note on October 17, to keep pace with island’s galloping inflation, the central bank said Monday. The new note was in the making for nearly six-years with the bank taking stock of the currency last November. “This ‘Heritage series’ currency note […]
Sri Lankan troops preparing major offensive, Tigers say
Oct 8, 2006 (AFP) – Tamil Tiger rebels Sunday accused Sri Lankan government troops of bracing for a fresh offensive around the northern peninsula of Jaffna after both sides suffered losses in a battle elsewhere.The rebel Liberation Tigers of Tamil Eelam (LTTE) also called on Norwegian peace monitors to step and check the frontlines, the […]
Sri Lankan soldiers missing after heavy fighting
Oct 8, 2006 (AFP) – Twelve Sri Lankan government soldiers were missing Sunday following fierce fighting with Tamil rebels in the east of the island that left at least seven combatants dead, the defence ministry said. There were conflicting statements on casualties from the government and the rebel Liberation Tigers of Tamil Eelam (LTTE) after […]
Ongoing bloodshed paralyses Sri Lanka peace bid
Oct 8, 2006 (AFP) – Foreign aid donors have demanded peace talks in Sri Lanka to avert full-scale war, but the daily bloodshed has reduced broker Norway’s ability to coax rebels and the government to the table, diplomats say.During a visit here last week, Norwegian envoy Jon Hanssen-Bauer failed to secure agreement on a venue […]