Category:
Sceptical green urges smart billions to fight warming
COPENHAGEN, September 5, 2010 (AFP) – Bjoern Lomborg, the bad boy of the climate debate who has rejected for years “alarmist” prophecies from environmentalists, stresses in a new book the need to invest billions to fight global warming. In “Smart Solutions to Climate Change,” Lomborg lashes out at current policies to curb greenhouse gas emissions […]
‘s parliament again fails to elect new PM
KATHMANDU, September 5, 2010 (AFP) – Nepal’s parliament failed for the sixth time to elect a prime minister on Sunday, as the house speaker warned of a “serious crisis” if a new government is not in place soon. The country has been without a government since June 30, when former prime minister Madhav Kumar Nepal […]
India tests supersonic cruise missile
BHUBANESWAR, September 5, 2010 (AFP) – India on Sunday successfully tested a surface-to-surface version of the BrahMos supersonic cruise missile which it has developed jointly with Russia, officials said. The missile was fired from a mobile launcher 200 kilometres (125 miles) northeast of Bhubaneswar, the capital of the eastern state of Orissa. “The test of […]
Sri Lanka breakdown of remaining democracy slammed by newspapers
Sept 05, 2010 (LBO) – Sri Lanka’s main English weeklies have slammed a proposed change to the country’s constitution as the latest in a long list of moves by rulers to destroy individual liberties and break remaining democratic institutions. The constitutional change will see the term limits for the President currently set at two being […]
Sri Lanka lake front to be park, entertainment complex: report
Sept 04, 2010 (LBO) – Land around a lake in Sri Lanka’s capital Colombo has been earmarked for hotels, a park, a shopping and an entertainment area and will be offered to private investors by the island’s city development authority, a media report said. State land would be offered investors as 55 or 99 year […]
Capacity Crunch
Sept 04, 2010 (LBO) – Sri Lanka Colombo port is nearing its maximum capacity ahead of forecasts owing to a rapid growth in cargo volumes, the head of the state-run Sri Lanka Ports Authority said. Container volumes through Colombo are growing at almost 24 percent now compared with 2009, Wickrama said. The number of containers […]
Asia leads world tourism recovery in 2010: UN
MADRID, September 3, 2010 (AFP) – World tourism rebounded strongly this year from the global financial crisis, led by Asia and the Middle East, the United Nations World Tourism Organisation (UNWTO) said Friday. But the Madrid-based body also urged caution, noting that some major developed nations have not yet fully emerged from the economic doldrums. […]
‘s Tata Steel may seek 5.4-billion dollar loan: report
NEW DELHI, September 4, 2010 (AFP) – The world’s seventh-largest steelmaker, Tata Steel, is in talks with banks for a 5. 4-billion-dollar loan for its British unit Corus, a report said Saturday. The Economic Times newspaper said BNP Paribas, HSBC Holdings and Royal Bank of Scotland may be among the banks contributing funds for the […]
Sri Lanka stocks close up 1.65-pct
Sept 03, 2010 (LBO) – Sri Lankan shares continued their bull run Friday with gains seen in several sectors on the back of the previous day’s sharp rise, brokers said. The All Share Price Index closed at 5,880.49, up 1.65 percent (95.32 points) while the more liquid Milanka index rose 1.77 percent (105.29 points) to […]
Box Move
Sept 03, 2010 (LBO) – The Sri Lanka Ports Authority (SLPA) is building a new yard for storing containers next to its main transhipment facility in Colombo port to ease congestion caused by increasing cargo flows, an official said. SLPA chairman Priyath Wickrama said the yard, next to the Jaya Container Terminal, will also have […]
‘s farmers
NAITALE, September 3, 2010 (AFP) – Sanjay Sathe stood by his vines in a sweeping agricultural belt outside the city of Nashik in western India and punched a number into his mobile phone. “Hello, it’s Sanjay Sathe,” the 36-year-old grape and tomato farmer announced in the local language, Marathi, as if talking to a friend. […]
SriLankan Airlines to resume floatplane service, expand fleet
Sept 03, 2010 (LBO) – SriLankan Airlines, Sri Lanka’s state-run national said it will acquire two floatplanes to re-start domestic air services later this year and also buy five short haul Airbus A320 aircraft next year as it looked to fly new routes. SriLankan said it will acquire two De Havilland Canada Twin Otter floatplanes […]