Author: lbostgadmin
Two policemen killed in Sri Lanka blast
July 12, 2006 (AFP) – Two policemen were killed Wednesday in a landmine attack by suspected Tamil Tiger guerrillas in Sri Lanka’s northern Jaffna peninsula, defence officials here said.The constables were travelling in a pick-up truck when it hit a Claymore mine at Nallur in the Jaffna peninsula, the officials said. The attack came a […]
”s hard life
NEW DELHI, July 12, 2006 (AFP) – For many affluent Indians, the ideal servant is one who is seen and not heard, rises early to get the kids off to school and uncomplainingly serves the family their last cup of tea at night. They don’t want to hear any heart-wrenching or even mundane details of […]
Singapore to export government expertise
SINGAPORE, July 12, 2006 (AFP) – Singapore said Wednesday it will share the city-state’s expertise with interested foreign governments in areas such as airport management, education systems and homeland security through a newly formed company. The not-for-profit Singapore Cooperation Enterprise (SCE) will be the main vehicle for the city-state’s public sector to share its experiences […]
Asia in middle of shopping mall revolution, China and India leads
SINGAPORE, July 12, 2006 (AFP) – China and India are leading a revolution in the shopping centre industry in Asia but investors must have the business acumen, stamina and money to navigate regional markets, industry players said Wednesday. Driven by strong economic growth and rising disposable incomes, hundreds of shopping malls have sprouted across the […]
Illegal Stay
LONDON, July 12, 2006 (AFP) – The British government announced Wednesday it had ruled out the possibility of an anmesty for immigrants who are in the kingdom illegally, in a review of immigration procedures. “In the end a system that denies full rights to all migrants in the UK is both socially unjust and is […]
Trade Block
July 11 (LBO) – A tariff cut of up to 70 percent on goods like cement imported under the Indo-Lanka free trade deal, has been pushed back to September due to procedural delays. This will come into effect by September this year, that is our expectation and we are trying to speed it up, N […]
James Finlays ups capacity at its tea bagging plant
July 11 (LBO) – James Finlays has upped capacity at its tea factory, turning out bio-degradable tea bags to break into new markets in the United States and Europe. Finlays is about the sixth largest tea bag exporter in the country and the largest exporter to Japan, producing 1.5 million tea bags a day. With three […]
Lost & Found
COLOMBO, July 12, 2006 (AFP) – Sri Lanka announced Wednesday it would seize an estimated 30 million dollars in dormant bank accounts as part of a drive to clean up commercial bank books. Monetary authorities will use a provision under the Banking Act relating to “abandoned property” to access the dormant funds, Upali de Silva, […]
In Control
KUALA LUMPUR, July 12, 2006 (AFP) – Tony Fernandes, head of budget carrier AirAsia, will ensure the airline remains Malaysian owned and not sell shares to Singapore state investment arm Temasek Holdings, a report said Wednesday. Fernandes, who has a majority stake in Tune Air which in turn owns 40 percent in Asia’s pioneering low […]
Fuelling Wars
July 11 (LBO) – Sri Lanka’s energy minister wants nine billion rupees from the Treasury to settle Ceylon Petroleum Corp’s subsidy bill, as the Treasury tries to free up pricing. We will not raise prices, but we have asked the Treasury for nine billion rupees from January to date to settle CPC’s subsidy bill, or […]
Blast near Tiger cemetery kills Sri Lanka soldier
July 11, 2006 (AFP) – A government soldier was killed Tuesday in a powerful bomb explosion near a Tamil Tiger war cemetery in Sri Lanka’s northern peninsula of Jaffna, officials said.The soldier, on a routine patrol, was killed as the blast ripped through the area at Kodikamam, a military official in the area said when […]
Sri Lanka offers cash, devolution to end ethnic bloodshed
COLOMBO, July 11, 2006 (AFP) – Sri Lanka’s president Tuesday offered 1.25 billion dollars to rebuild embattled regions and asked his advisors to come up with a power-sharing plan to end decades of ethnic bloodshed. President Mahinda Rajapakse told a 15-member multi-ethnic panel appointed by him last week to come up with a formula that […]