Category:
Sri Lanka hammered by Chanderpaul, Samuels and rain
PORT-OF-SPAIN, Trinidad, April 13, 2008 (AFP) – Sri Lanka ran into the rampant pair of Shivnarine Chanderpaul and Marlon Samuels, and lost the rain-marred second one-day International against West Indies by seven wickets under the Duckworth-Lewis Method on Saturday.Chanderpaul smote three fours and two sixes in an unbeaten 52 from 42 balls, and Samuels struck […]
Ron Paul slams Federal Reserve as US money printing de-stabilize world
April 13, 2008 (LBO) – Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the salaries of workers and savings of older people. Paper money from pure fiat central banking, backed by nothing other than government debt – a process that was born after the gold […]
Bad Justice
April 12, 2008 (AFP) – A Sri Lankan court has released a man who was held in custody for 55 years without charge, a report said on Saturday. Thantriye Emis Singho, 83, was arrested by police in 1953 for carrying a sword in a Colombo suburb. A court sent him to a state-run mental hospital […]
Price Competition
April 12, 2008 (LBO) – Sri Lanka’s Electroteks which is to operate the island’s sixth mobile telephony firm with India’s Reliance says it will be offering stiff price competition to existing players. Updated Electroteks is to tie up with India’s Reliance Communications (RCom) to start mobile services. Electroteks chief B A C Abeywardene says the […]
”: Paulson
WASHINGTON, April 12, 2008 (AFP) – The global economy faces “considerable challenges” in the shape of a slowing US economy, financial market turmoil and higher inflation, US Treasury Secretary Henry Paulson said Saturday. Paulson, addressing the spring meeting of the International Monetary and Financial Committee, said global growth had been favorable in past years but […]
Rising inflation in Europe prompts strike threats
PARIS, April 12, 2008 (AFP) – Inflation in Europe, far from being throttled as suggested in some quarters only 18 months ago, is alive and kicking hard at the middle classes as well as ordinary workers.Price rises, and consequent constraints on living standards, are pushing trade unions into confrontation with management in many countries. A […]
‘s two-wheeler boom
SINGAPORE, April 12, 2008 (AFP) – Record high oil prices, environmental concerns, affluent lifestyles as well as the need to dodge city traffic are driving a boom in Asia’s motorcycle and bicycle market, industry figures say.The rediscovery of cycling as a way to keep fit is also helping to boost demand for two-wheelers, those at […]
Sri Lankan president urges unity as 10 more deaths reported
April 12, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse called for national unity Saturday in his traditional New Year message as 10 more deaths were reported in the conflict-racked nation.“It is my conviction that we would be strengthened by engaging in New Year traditions and customs as one nation,” Rajapakse said in a message […]
Cooling inflation in Sri Lanka and Vietnam a priority rather than growth: IMF
April 12, 2008 (LBO) – Though some Asian nations are worried about slower growth in the wake of financial turmoil in the US, countries like Sri Lanka and Vietnam should focus on inflation, a top IMF official said. “I would say Vietnam is a case, inflation is running close to 20 percent. They need to […]
Sri Lanka lifts tax surcharge from personal incomes
April 12, 2008 (LBO) – Sri Lanka has lifted a surcharge on personal income tax from February 2008, but it would remain in place for companies, the government said Saturday. The government said by public advertisement that a ‘social responsibility levy’ charged from personal income taxes would be withdrawn. Sri Lanka charged a one percent […]
Private Education
April 11, 2008 (LBO) – Sri Lanka’s Central Bank has called for legislative and regulatory changes to create a favourable environment for private investment in university education. There is an urgent need for introducing a market oriented, efficient mechanism to the existing university education system, the bank said in its 2007 annual report. The education […]
Inside Deals
April 11, 2008 (LBO) – A Sri Lankan supreme court judge has proposed amending regulations on stock market offences to cover markets regulators as well as all company shareholders. Supreme court judge Saleem Marsoof said a serious deficiency in the Securities and Exchange Commission (SEC) Act is that it does not provide against the use […]