Category: Other
Bollywood marketing goes mobile
MUMBAI, May 18, 2011 (AFP) – Times have changed in Bollywood from the days when all that was required to promote a film was a giant, hand-painted poster, a television or cinema trailer and the pulling power of a star actor. Now, the popular Hindi-language film industry is harnessing the latest technology, hoping that the […]
‘s rich flaunt wealth
NEW DELHI, May 17, 2011 (AFP) – In booming India, being rich is not enough. For the moneyed classes, it’s increasingly about flaunting their wealth in ways typical of the nouveaux riches in Russia, China or the Middle East. India’s well-heeled used to be more shy about displaying their wealth in the decades after independence […]
Sri Lanka Kelani Valley March net up 120-pct on high rubber prices
May 16, 2011 (LBO) – High rubber prices have helped Sri Lanka’s Kelani Valley Plantations increase March 2011 quarter net profit by 120 percent to 246 million rupees from a year ago. Earnings per share for the March 2011 quarter were 7. 24 rupees compared with 3.29 rupees the previous year. Sales of the firm, […]
‘s high and mighty
NEW DELHI, May 16, 2011 (AFP) – India’s notorious Tihar Jail in New Delhi is currently home to a clutch of VIP inmates suspected of corruption as police win rare permission to go after the “big fish” in recent cases. The forbidding complex, home to militants and murderers, offers little in terms of comfort for […]
India hikes petrol price to offset crude costs
NEW DELHI, May 14, 2011 (AFP) – India’s state-owned fuel firms on Saturday hiked petrol prices by nearly nine percent to help stem revenue losses from a rise crude prices, a record rise that will fuel stubbornly high inflation. The increase marked the eighth rise in petrol prices since India’s government last June deregulated petrol […]
Australia to send newest asylum seekers offshore
SYDNEY, May 14, 2011 (AFP) – The latest boatload of suspected asylum seekers to arrive in Australia will be sent to another country for processing, the government said Saturday as it implements its controversial new policy. Immigration Minister Chris Bowen would not say where the 32 newest arrivals who landed in Australian waters late Friday […]
Sri Lanka badly in need of more cinnamon peelers
May 13, 2011 (LBO) – Sri Lanka, the world’s biggest exporters of cinnamon, needs 10,000 more peelers to overcome an acute shortage of labour, members of the trade have told the ministry of industry and commerce. Of the 30,000 hectares of cinnamon grown in Sri Lanka, only one-fifth are peeled twice a year with 70 […]
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MUMBAI, May 13, 2011 (AFP) – India is opposed to extending a piracy “risk zone” to the edge of its territorial waters, the country’s maritime regulator said Friday, as pirates seek new targets beyond the Horn of Africa. The extension, brokered by the International Transport Workers Federation with ship owners and managers, came into effect […]
Sri Lanka tea prices fall again
May 13, 2011 (LBO) – Sri Lankan tea prices fell at the Colombo auctions this week mostly because of lower quality and larger volumes in some categories and while trouble in the Middle East also had some effect, brokers said. “Until such time normalcy returns to the Middle East, it is unlikely that Low Grown […]
Australia and India launch free trade talks
SYDNEY, May 12, 2011 (AFP) – Australia and India launched talks Thursday on establishing a Free Trade Agreement (FTA) aimed at greater economic integration between the two countries. Negotiations took place between Australian Trade Minister Craig Emerson and his Indian counterpart Anand Sharma with the focus on broadening the base of merchandise trade and removing […]
India to hire 10,000 teachers from Taiwan
TAIPEI, May 10, 2011 (AFP) – India plans to recruit up to 10,000 teachers from Taiwan to meet growing demand for Chinese language classes, Taiwan’s education ministry said Tuesday. Kapil Sibal, India’s minister of human resources, made the proposal during a meeting with Taiwan’s education minister Wu Ching-ji in India last week, an education official […]
Sri Lanka Three Acre March net up despite price cuts
May 11, 2011 (LBO) – Sri Lanka’s Three Acre Farms said March 2011 quarter group net profit was 41 million rupees compared with just half-a-million rupees the year before although excess stocks forced it to cut prices. But there have been excess stocks in recent months after the government allowed chicken imports in the run […]