Category: Other
South Asian inflation risk from money printing: economist
WASHINGTON, November 11, 2009 (AFP) – Rising inflation is posing a threat to South Asia, with the situation most worrying in the Maldives where a foreign currency black market has emerged, a senior World Bank economist has warned.Noting that the median inflation rate in South Asia was more than twice that of Latin America and […]
Kiwi View
WELLINGTON, November 11, 2009 (AFP) – New Zealand does not want to offer a new home to a group of Sri Lankan asylum seekers involved in a stand-off with Australian authorities, the government said. Coleman confirmed there had been informal talks with Australia over the fate of the Sri Lankans but said there was an […]
No link between global warming and melting glaciers: India
NEW DELHI, November 10, 2009 (AFP) – India’s environment minister said there was no scientific proof to support the idea that the melting of Himalayan glaciers was being caused by global warming, reports said Tuesday.“There is no conclusive scientific evidence to link global warming and Himalayan glaciers,” business daily Live Mint quoted Environment Minister Jairam […]
Sri Lanka agri-business call for easier land access
Nov 10, 2009 (LBO) – A top Sri Lankan farming firm has called for easier access to land for commercial agriculture in the quest to transform subsistence farmers into viable agri-businesses. Samantha Ranatunga, chief executive of the listed Chemical Industries (Colombo), said improvements in the legal, regulatory and policy environment were needed to promote private […]
Sri Lanka agri-firm eyes north-east investments
Nov 10, 2009 (LBO) – Coco Lanka, a Sri Lankan agri-business firm, said it is eyeing investment opportunities in the former northern and eastern war zones. The company said in a stock exchange filing that group net profit in the September 2009 quarter rose six percent to 66.5 million rupees from a year ago while […]
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MARKAPAR, November 9, 2009 (AFP) – In a rural Maoist stronghold in central India, off limits to the police and government officials, people are queuing for photos they hope might save their lives.Indian security forces are set to launch a major offensive against Maoist rebels whose insurgency has escalated across the country, posing a challenge […]
‘s fast-growing telecom sector dials up trouble
NEW DELHI, November 8, 2009 (AFP) – India is still adding a staggering 15 million new mobile phone connections a month but the world’s fastest-growing cellular market has hit rough waters.A cut-throat price war is hammering down call charges, putting pressure on telecom companies’ earnings and share prices, and threatening a bruising shakeout in a […]
Wider Net
NEW YORK, November 6, 2009 (AFP) – Law enforcement officials in New York announced Thursday charges against 14 people in a widening probe into the largest ever alleged hedge-fund insider trading scheme on Wall Street.US Attorney Preet Bharara and New York’s assistant FBI director Joseph Demarest said the accused took part in insider trading schemes […]
Sri Lanka Tata unit shrugs off wage hike cost
Nov 06, 2009 (LBO) – Sri Lanka’s Watawala Plantations said September quarter group net profit fell 78 percent to 9.4 million rupees from a year ago but commodity prices were seen strong with a global economic recovery.The firm, a unit of India’s Tata group, said in a stock exchange filing that sales during the September […]
Sri Lanka seeks to turn subsistence farming into agri-business
Nov 06, 2009 (LBO) – Sri Lanka needs to develop and maintain consistent policies and provide appropriate support infrastructure to change subsistence farmers into commercially successful agri-businesses, an expert said.“The most important thing the government can do is to ensure consistent policies on agriculture, land, trade and investment,” said Anoma Ariyawardana of the Faculty of […]
Protection Deal
Nov 05, 2009 (LBO) – Sri Lanka and Kuwait has signed an Investment Promotion & Protection Agreement (IPPA) Thursday between the island’s envoy to the country and a senior finance ministry official of the Gulf state, the foreign ministry said. Sri Lanka’s foreign ministry quoted the undersecretary to the Kuwaiti ministry of finance Khalifa M […]
Ship Link
VANCOUVER, November 3, 2009 (AFP) – Several of a group of 76 Sri Lankan asylum seekers picked up off the Canadian coast last month have ties to the Tamil Tiger rebels and could pose a security risk, officials said Tuesday.The Canadian government told an immigration hearing that the “Ocean Lady” freighter used to transport the […]