Category: Other
Over tea, US admiral cultivates Pakistani army chief
WASHINGTON, April 6, 2009 (AFP) – For the United States, much may be riding on an unlikely relationship between America’s highest ranking military officer and Pakistan’s powerful army chief.Over cups of tea and the occasional cigar, the avuncular American admiral and the reserved general talk about terrorist threats and sensitive military operations in a region […]
India blames IMF for not checking developed countries
LONDON, April 2, 2009 (AFP) – Indian Prime Minister Manmohan Singh said Thursday the International Monetary Fund was partly to blame for the global financial crisis, highlighting a lack of regulation of developed economies. India did not need to ask the IMF for financial assistance, he said.“We have no intention of going to the IMF… […]
Sri Lanka to get US emergency food aid
April 02, 2009 (LBO) – The US Agency for International Development (USAID) said it has donated 15 million dollars (1.7 billion rupees) worth of food aid for Sri Lanka to the United Nations World Food Program (WFP). USAID said its donation supports the WFP Protracted Relief and Recovery Operation (PRRO) titled Food for Peacebuilding and […]
Sri Lanka tea exports tumble in February
April 2, 2009 (AFP) – Sri Lanka’s tea exports slid nearly 30 percent in February due to an output slump blamed on a “severe drought,” officials said Thursday.Sri Lanka is one of the world’s biggest tea exporters and the commodity is its largest foreign exchange-earner. Tea exports fell 29.2 percent to 131.3 million dollars in […]
‘s most wanted claims Lahore attack, threatens US
LAHORE, March 31, 2009 (AFP) – Pakistan’s most wanted militant Tuesday claimed responsibility for a deadly police academy assault and threatened to attack the US capital in retaliation for a series of air strikes. Pakistani Taliban chief Baitullah Mehsud, for whom the United States has posted a five-million-dollar reward, said there would be more attacks […]
GK Case
Mar 31, 2009 (LBO) – Sri Lanka’s Supreme Court has asked Golden Key Credit Card Company, a collapsed financial firm, and its directors to declare assets and for the island’s banking regulator to probe the firm, lawyers said.Depositors also asked the passports of directors to be impounded, saying one director has already left the country […]
Sri Lanka agro firm helps combat mealy bug menace
Mar 30, 2009 (LBO) – A Sri Lankan agro firm has set up a help desk to combat the spread of ‘mealy bug’ which is sweeping through home gardens in the island’s capital Colombo, and is threatening several agro areas. Hayleys Agro says its pesticide ‘Admire SL 20’ has been found to be effective in […]
Number Crunching
Mar 29, 2009 (LBO)- Consciously or unconsciously, we use statistics in everything we do in our day to day life.When we say that it rained yesterday, we simply pronounce a fact we have observed as having happened.When we say that it is raining now, we again mention something that we have observed as happening. When […]
Sri Lankan tea prices fall further
March 28, 2009 (LBO) – Sri Lankan tea prices fell again at this week’s auction as quality dropped with the end of the season and rains in planting districts indicated bigger crops in future, brokers said.“In the Large Leaf catalogues OP1s and OPs were the most affected and marked down by 20 to 30 rupees […]
Golden Key
Mar 26, 2009 (LBO) – Sri Lanka’s Ceylinco group chief Lalith Kotelawala has offered to provide assets into a trust to repay 14.5 billion rupees to customers of the collapsed Golden Key Credit Card Company, state lawyers told court.Deputy solicitor general Sarath Jayamanne said Thursday depositors were offered a rate lower than the high rates […]
Quick Access
Mar 26, 2009 (LBO) – The International Monetary Fund has announced changes to itslending framework lowering emphasis on structural adjustments for countries in trouble, offering precautionary lending for country’s who want to be prepared for a crisis. Major structural changes are usually part of Poverty Reduction and Growth Facilities (PRGF) that are designed to push […]
Sri Lanka tea crop recovers, prices head down
March 25, 2009 (LBO) – Sri Lankan tea prices have weakened with the end of the Western quality season, although the better quality offerings still fetched higher prices at the last auction.Brokers said rains have been reported from most tea planting districts and crop intakes have shown a slight increase in certain areas. Supply will […]