Category:
Tough Chats
Feb 29, 2008 (LBO) – Higher inflation which reduced the spending power of subscribers and declining security was hurting Sri Lanka’s telecom firms, Fitch Ratings said in an Asia Pacific regional report. . Though the Sri Lankan telecom sector was expected to show “reasonable growth” in 2008, fixed wireless expansion was expected slow with increasing […]
Mobile Eye
Feb 29, 2008 (LBO) – Sri Lanka’s Kay Jay Security has tied with Dialog Telekom to provide a closed circuit television (CCTV) monitoring through third generation mobile technology, the company said. “Under the new joint-venture, customers in Sri Lanka will be able to subscribe to a package that includes the installation of CCTV at their […]
Oil prices near records in Asia amid dollar weakness
SINGAPORE, Feb 29, 2008 (AFP) – World oil prices continued higher Friday, trading around fresh record levels as speculators piled into the market on the back of a sharp decline in the US dollar after a weak report on US economic growth, dealers said.In morning trade, New York’s main contract, light sweet crude for delivery […]
Dollar sinks to fresh low versus euro after Bernanke comments
NEW YORK, Feb 28, 2008 (AFP) – The dollar plunged to a fresh record low against the euro Thursday amid more glum US economic news and downbeat comments on the outlook from Federal Reserve chairman Ben Bernanke.In late New York trade, the dollar stood at 105.30 yen from 106.45 Wednesday and 1.0512 Swiss francs after […]
Famed geneticist creating life forms that turns CO2 to petroleum
MONTEREY, California, Feb 28, 2008 (AFP) – A scientist who mapped his genome and the genetic diversity of the oceans said Thursday he is creating a life form that feeds on climate-ruining carbon dioxide to produce fuel.“We are a ways away from designing people. Our goal is just to make sure they survive long enough […]
Sri Lanka upset Australia
MELBOURNE, Feb 29, 2008 (AFP) – Australia’s Adam Gilchrist smashed a blistering 83 in his farewell appearance at the MCG but his teammates collapsed to hand Sri Lanka an unlikely 13-run win here on Friday. The tourists, in their final match of the tri-series, made 221, and Australia looked well set when Gilchrist launched an […]
Sri Lanka troops find three suicide jackets following blast
Feb 29, 2008 (AFP) – A Tamil Tiger suicide bomber blew himself up on Friday injuring seven people as police moved in to search his house in the Sri Lankan capital, police and military officials said. Casualty figures provided by both sides differ vastly and cannot be independently verified. The government bars journalists and human […]
Sri Lanka blast a suicide bombing: military
Feb 29, 2008 (LBO) – A Tamil Tiger suicide bomber triggered a bomb during a search operation in Colombo’s Kotahena area and a pistol and ammunition had been recovered in subsequent search operations, the military said. There has been intense fighting in the Mannar area on the northwest of the island in recent weeks. Updated […]
Sri Lanka bomb blast injures seven
Feb 28, 2008 (LBO) – A bomb exploded during a search operation in the Kotahena area of Sri Lanka’s capital Colombo Friday morning, injuring four police officers and three civilians, police said. There has been intense fighting in the Mannar area on the northwest of the island in recent weeks. The capital is under tight […]
Blast rocks Sri Lanka capital: police
Feb 29, 2008 (AFP) – A powerful explosion ripped through a house in Sri Lanka’s capital Colombo early Friday, police said, adding that at least seven people were wounded.“At least seven people were taken to hospital after the blast,” a police official at the scene said. The blast came as the authorities had stepped up […]
Sri Lanka inflation increases to 21.6 percent in February
Feb 29, 2008 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 21.6 percent in the 12-months to February from 20.8 percent, with the index gaining 2.8 percent in the past month, while an older index showed a 0.7 percent increase. In the first half of 2007 the monetary authority was successful in combating […]
South Asia gets more FDI despite problems; political risk in Pakistan, Sri Lanka, Afghanistan
MANILA, Feb 29, 2008 (AFP) – Robust near-term economic growth should drive strong foreign direct investment flows into South Asia despite corruption, poor infrastructure, rigid labour laws and civil unrest, the Asian Development Bank said Friday.FDI flows into the Indian sub-continent had risen rapidly since 2004, growing by 132.9 percent in 2006 to 24.3 billion […]