Category: Other
Second Malaysian tanker hijacked in Gulf of Aden: company
KUALA LUMPUR, August 30, 2008 (AFP) – A second Malaysian tanker carrying petrochemicals has been hijacked by pirates in the Gulf of Aden, the vessel’s owner said in a statement Saturday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The MT Bunga Melati 5 with 41 crew […]
Sri Lanka seeks to boost exports of specialty teas
Aug 30, 2008 (LBO) – Sri Lanka’s tea trade plans to hold a charity auction of specialty teas as part of efforts to penetrate the fast growing market in the United States, industry officials said. The Tea Board got 410 entries for the competition representing seven agro-climatic regions in which different types of teas are […]
‘s wildlife jewel
MAASAI MARA, August 29, 2008 (AFP) – Investors and conservationists have dreamt up an innovative business plan to save Kenya’s iconic Maasai Mara, a wildlife haven threatened by over-grazing, farming and mass tourism. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Around August each year, swarms of […]
Indian economic growth slows to 7.9 pct: official data
NEW DELHI, August 29, 2008 (AFP) – India’s high-flying economy expanded by a slower-than-expected 7.9 percent in the first quarter as stiff anti-inflation measures hit demand, official data showed Friday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The figure for the three months to June was […]
Exter Oration
Aug 29, 2008 (LBO) – John Exter, the founding Governor of the Central Bank of Ceylon (as the Bank was called at that time) was indeed a unique history maker on many counts . John Exter had an illustrious academic as well as a professional career. He graduated from Wooster College and entered both Fletcher […]
Dubai port operator profits more than double in H1
DUBAI, August 28, 2008 (AFP) – Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The world’s […]
Sri Lanka business leader says trade barriers still hamper regional integration
Aug 28, 2008 (LBO) – South Asian nations should lower trade barriers to make a regional economic co-operation work and deliver the promised benefits to the region’s people, a Sri Lankan business leader said Thursday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Regional integration is the […]
‘s Reliance chief says anti-Nano protests may hurt business
MUMBAI, August 28, 2008 (AFP) – India’s most powerful businessman Mukesh Ambani has condemned protests against a plant building the world’s cheapest car, saying they hurt the country’s ability to attract needed investment. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Ambani, chairman of giant Reliance Industries […]
ASEAN concludes free trade deal with India: ministers
SINGAPORE, August 28, 2008 (AFP) – Southeast Asian nations have concluded a deal for free trade in goods with India, ministers said Thursday, in a development hailed as a key regional milestone after hard negotiations. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The agreement between the […]
Sri Lanka cloves exports seen hitting new high
Aug 27, 2008 (LBO) – Exports of cloves from Sri Lanka are seen hitting a record 5,000 tonnes this year with earnings exceeding three billion rupees, a trade body said. Chatoor said a close watch was being kept on cloves exports by the authorities to prevent cloves from other countries being sent to India under […]
Cairn Energy reports falling net profits
LONDON, August 27, 2008 (AFP) – British oil firm Cairn Energy said that net profits slumped in the first half of 2008, compared with the same period last year when it was boosted by the part sale of its Indian division. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ […]
Oil prices near 117 dollars on Hurricane Gustav
SINGAPORE, August 27, 2008 (AFP) – World oil prices rose in Asian trade Wednesday, underpinned by concerns Hurricane Gustav may head for the Gulf of Mexico where key US energy installations are located, dealers said.Anglo-Dutch energy giant Royal Dutch Shell said it was planning to evacuate some staff from its Gulf facilities because of Gustav. […]