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Connecting
June 08, 2008 (LBO) – Sri Lanka’s Leo Burnett Solutions has launched an initiative called ‘humankind’ for the advertising agency’s Asia-Pacific region network aimed at building brand preference and changing consumer behavior, a top official said. In the absence of brand preference, price reduction is the only option, Chairman of Leo Burnett South Asia, Arvind […]
Sri Lanka clashes kill 28 rebels: military
COLOMBO, June 8, 2008 (AFP) – Sri Lanka’s defence ministry said Sunday its forces had killed at least 28 Tamil Tiger rebels in the latest clashes across the north of the island.The fighting on Saturday in the Mannar, Vavuniya, Weli Oya and Jaffna areas saw one soldier killed, the ministry said. It also said 25 […]
Sri Lankans live on the edge as Tamil Tigers pounce on civilians
June 8, 2008 (AFP) – Each time Indika Jayawickrema uses public transport, his wife Chamindri anxiously waits for a telephone call to let her know he has safely reached his destination.His journey is one that has become more risky recently as a wave of bomb attacks targeting civilians sweeps through Sri Lanka, which is in […]
Iran sees oil at 150 dollars a barrel this summer
TEHRAN, June 8, 2008 (AFP) – The price of crude oil is set to rise even further to 150 dollars a barrel by the end of summer, Iran’s representative to the OPEC oil cartel warned on Sunday.“I foresee the price of oil reaching around 150 dollars a barrel by the end of the summer,” the […]
Vietnam economic boom hits high-speed wobbles
HANOI, June 8, 2008 (AFP) – Vietnam’s economy, until recently a darling of foreign investors, has overheated and may be sliding into a boom-and-bust cycle that could require IMF-style assistance, analysts say. The economy widely hailed last year as Asia’s next tiger has been battered by double-digit inflation, a ballooning trade gap, a tanked stock […]
As energy bills soar, Japanese test fuel of future
TOKYO, June 8, 2008 (AFP) – As world oil prices skyrocket, thousands of households in energy-poor Japan are taking part in an ambitious experiment to use fuel cells to light and heat their homes.Since the prime minister’s official residence became the first house in the world to be equipped with a domestic fuel cell in […]
Sri Lanka detains over 50 a day after twin bus bombs: military
June 7, 2008 (AFP) – Sri Lankan police detained more than 50 people for questioning following twin bomb attacks blamed on Tamil Tiger rebels that killed 23 civilians, the defence ministry said on Saturday. The suspects were rounded up near the town of Moratuwa, south of Colombo, where a crowded passenger bus hit a roadside […]
Dollar tumbles; Oil hits new record of US$138 a barrel
NEW YORK, June 6, 2008 (AFP) – The dollar tumbled Friday after a US government survey revealed a much higher-than-expected jump in the nation’s unemployment rate during May to 5.5 percent. Analysts said the report underlined lingering economic woes but noted the Federal Reserve’s precarious position because further interest rate cuts could spur inflationary pressures […]
” cannot be taken in isolation: economists
June 7, 2008 (LBO) – Sri Lanka should have a holistic approach to avert the threat of the household food security of the vulnerable groups due to the prevailing food crisis, officials and economists have said. A global commodity bubble – fired by money printing in reserve currency countries in particular – has brought higher […]
Sri Lankan stocks weaken further due to lacklustre buying
June 06, 2008 (LBO) – Sri Lanka stocks weakened by 0.68 percent during Friday’s trading adding to the week-long losing streak at the Colombo Stock Exchange.Dialog Telekom lost 25 cents to close at 13.50 rupees while John Keells Holdings closed 50 cents lower at 114.50. The All Share Price Index dropped 0.68 percent (16.88 points) […]
Second Sri Lanka bus bombing kills 2, injures 20
June 6, 2008 (LBO) – A bomb exploded in a bus off the central Sri Lankan city of Kandy, killing 2 people and injuring 20 within hours of a blast that killed 21 civilians near the capital Colombo, police said. Police spokesman Ranjith Gunesekera said the bomb exploded in a bus traveling from Matale to […]
Sri Lanka bus bombings kill 22, scores injured
June 6, 2008 (LBO) – Two bus bombings in the capital Colombo and off the central Sri Lankan city of Kandy by suspected Tamil Tigers has left at least 22 dead and more than 80 injured Friday, authorities said. Tigers and the military have been trading charges over civilian deaths in the conflict, which has […]