Category:
Buy One
June 22, 2008 (LBO) – A Sri Lankan car dealer is taking a buy-one-get-one-free strategy to sell off luxury vehicles, borrowing a strategy used by fast moving consumer goods makers to sell soap, cosmetics and cereal. In Sri Lanka inflation is at the highest level in its history touching 30 percent and interest rates are […]
Roadside blast kills two police commandos in Sri Lanka: military
June 22, 2008 (AFP) – Tamil Tiger rebels on Sunday set off a roadside mine killing two police commandos in eastern Sri Lanka, the defence ministry said. The fragmentation mine was placed on a parked bicycle in the district of Batticaloa and targeted the Special Task Force police commandos, the ministry said. Fighting meanwhile continued […]
Sri Lanka in drive to arrest thousands of army deserters
June 22, 2008 (AFP) – Sri Lanka’s military has launched a campaign to track down and arrest up to 12,000 army deserters who failed to take advantage of a government amnesty, a spokesman said Sunday. “About 5,000 responded to the general amnesty we had from May 2 to the 30th,” Brigadier Udaya Nanayakkara said. “We […]
‘s Switzerland for millionaires
SINGAPORE, June 22, 2008 (AFP) – Got at least five million US dollars? A private banker is at your service in Singapore, which is fast gaining a reputation as the Switzerland of Asia for the world’s growing ranks of multi-millionaires.The tiny, tropical island-state, Southeast Asia’s most advanced economy, has emerged as a centre for the […]
” at oil price summit
JEDDAH, June 22, 2008 (AFP) – Saudi Arabia’s King Abdullah launched an offensive against oil “speculators” on Sunday as he opened a summit on the soaring price of crude which exposed OPEC divisions over whether to increase production.The king announced that Saudi production had now risen to 9.7 million barrels a day, the highest figure […]
Bill Gates surrendering Microsoft helm
SAN FRANCISCO, June 22, 2008 (AFP) – A Harvard University dropout who ushered in the home computer age and made billions of dollars along the way will have his last official day of work at Microsoft on June 27.Three people will essentially fill the void left behind when Bill Gates retires from the company he […]
India says no military solution to Sri Lanka conflict
June 22, 2008 (AFP) – India has signalled to Sri Lanka that it wants to see an end to the island’s military campaign to help solve the decades-old Tamil separatist conflict, diplomats and officials said Sunday.In closed-door talks over the weekend with Sri Lankan President Mahinda Rajapakse and top officials, India’s National Security Advisor M.K. […]
Sri Lanka government urged to respect media rights
June 22, 2008 (LBO) – Twenty nine media organisations around the world have urged the United Nations to put pressure on the Sri Lankan government to protect journalists in the island. The organisations affiliated to the International Federation of Journalists (IFJ) said in a letter to UN Secretary-General Ban Ki-moon that journalists in Sri Lanka […]
Sri Lanka tea trade divided, losing benefits: official
June 21, 2008 (LBO) – Sri Lanka’s billion-dollar tea industry remains too divided, squabbling over trivial matters, and is losing out on benefits it can otherwise win as other industries have done, a senior trade official said. But, Akbarally warned, the gains from high tea prices could be eroded by soaring costs. Production costs shot […]
Sri Lanka gunships strike Tamil Tiger targets: military
June 21, 2008 (AFP) – Sri Lanka launched air attacks in rebel-held territory in the island’s north on Saturday as ground troops killed at least four guerrillas, the defence ministry said. The air force deployed helicopter gunships to bomb suspected positions of the Liberation Tigers of Tamil Eelam (LTTE) in Mannar district, the ministry said. […]
Sri Lanka Hayleys in wind energy; boosts hydro power capacity
June 21, 2008 (LBO) – Sri Lanka Hayleys group is building a 10MegaWatt wind power plant in the island’s Western coast and is planning to boost it hydro power capacity to 15Mega Watts, the company said. In the year to March 2008 the power and energy sector has shown a 53 percent return on 709 […]
Gulf to earn 1.3 trillion dlrs from oil in two years: report
KUWAIT CITY, June 21, 2008 (AFP) – The oil-rich Gulf Cooperation Council (GCC) states are projected to earn close to 1.3 trillion dollars in oil revenue in 2008 and 2009, a Kuwaiti economic report said on Saturday. The six-nation alliance — Bahrain, Kuwait, Oman, Qatar, United Arab Emirates and Saudi Arabia — earned 364 billion […]