Category:
Greener Pastures
Oct 30, 2007 (LBO) – Sri Lanka should encourage more workers to seek employment abroad as worker remittances will immensely help economic development while reducing the government’s burden of creating job opportunities, UN officials say. Despite two decades war Sri Lanka has been able to sustain better growth and development as a result of increasing […]
Dialog Downturn
Oct 30, 2007 (LBO) – Consolidated net profits of Sri Lanka’s top celco Dialog Telekom fell 6.9 percent to 2.43 billion rupees, while revenues rose 29 percent to 8.55 billion in the September quarter, the firm’s latest results showed. Losses at its new pay TV division dragged down profits, while at company level profits from […]
Birth defects soar in polluted China
BEIJING, Oct 30, 2007 (AFP) – Birth defects in heavily polluted China have increased by nearly 40 percent since 2001, with a deformed baby born every 30 seconds, state media reported on Tuesday.The rate of defects appeared to increase near the country’s countless coal mines, which produce the bulk of China’s energy but are also […]
Oil prices fall from historic highs
SINGAPORE, Oct 30, 2007 (AFP) – Oil retreated in Asian trade Tuesday after spiking to a historic high of over 93 dollars on geopolitical concerns in the Middle East, dealers said.At 10:30 am (0230 GMT) New York’s main contract, light sweet crude for December delivery, was 84 cents lower at 92.69 dollars a barrel from […]
Indian shares gain 3.82 percent to new record close
MUMBAI, Oct 29, 2007 (AFP) – India’s benchmark share index surged 3.82 percent to a new record close on Monday and crossed 20,000 points for the first time, a gain of nearly 4,000 points in the past six weeks, dealers said. They said hopes that the Reserve Bank of India (RBI) may cut key interest […]
Moonlighting army moves garbage in tourist paradise
MALE, Oct 29, 2007 (AFP) – The Maldives is known as an upmarket holiday destination with squeaky clean beaches, but it’s an army of moonlighting Bangladeshis who keep the capital from sinking under a mountain of rubbish. The less than one square mile (two square kilometre) Male is one of the world’s most densely populated […]
Murali likely to miss Test warm-up
BRISBANE, Australia, Oct 30, 2007 (AFP) – Star bowler Muttiah Muralitharan is expected to be rested for Sri Lanka’s final warm-up match ahead of next week’s first cricket Test against Australia at the Gabba here.Captain Mahela Jayawardene indicated the spin wizard would sit out the three-day game with Queensland starting on Friday after his marathon […]
Sri Lanka military says 13 rebels killed
Oct 30, 2007 (AFP) – Sri Lankan security forces killed 13 more Tamil Tiger rebels in fresh clashes across the north of the island, the defence ministry said Tuesday. Troops killed 10 rebels during an overnight attack along the military defence lines in the Jaffna peninsula, the ministry said in a statement. It said one […]
Mini Hydro
Oct 30, 2007 (LBO) – Sri Lankan mini hydro power company Vidullanka Tuesday said net profit for the first half ending September 30, 2007 was up nine percent year-on-year to 24.6 million rupees. Group revenue rose 13.5 percent to 83.5 million rupees over the same period, according to interim results sent to the Colombo bourse. […]
Game Chat
October 29, 2007 (LBO) – Sri Lanka will play host to a crucial meeting of the Commonwealth Games Federation general assembly next week to select a venue to host the 2014 games, organisers said Monday. More than 400 delegates from 71 Commonwealth nations who will gather in the Sri Lankan capital of Colombo from November […]
Middleware Hire
Oct 30, 2007 (LBO) – WSO2, the open source middleware company, has hired software engineer Glen Daniels as director of Java platforms, a company statement said. Daniels, recently named a vice president of the Apache Software Foundation (ASF), will be responsible for the general technical direction and architectural consistency of all WSO2 Java products. œWSO2 […]
Dollar plunges to record low against euro
LONDON, Oct 29, 2007 (AFP) – The dollar plummeted to a record low against the euro Monday, as the European single currency rose to 1.4438 dollars on speculation US interest rates will be lowered again this week, analysts said. The euro was later trading here at 1.4426 dollars against 1.4391 in New York late on […]