Category: Other
Toyota hikes car prices for first time in 30 years
TOKYO, August 25, 2008 (AFP) – Toyota Motor Corp.said Monday that it will raise the prices of some passenger cars in Japan for the first time in three decades in response to skyrocketing steel costs. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The move […]
”: Bank of England official
LONDON, August 25, 2008 (AFP) – The Bank of England’s new deputy governor warned on Monday that the global financial slowdown could “drag on for some considerable time”. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Charles Bean said that every time the markets began […]
Informed Public
Aug 25, 2008 (LBO) – A top Sri Lankan judge has called for laws such as a freedom of information act to enable people greater access to information to create an ‘informed public’ that is essential for a democratic society. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and […]
Malaysia to have two-weekly price-formula; cuts fuel prices
KUALA LUMPUR, August 24, 2008 (AFP) – Malaysian premier Abdullah Ahmad Badawi said a recent move to cut petrol prices by 5.6 percent to 2.55 ringgit (0.76 dollars) a litre was not politically motivated, according to a report Sunday. The government’s announcement on Friday comes ahead of a crucial by-election this Tuesday contested by opposition […]
Biofuels, food crops straining world water reserves: experts
STOCKHOLM, August 24, 2008 (AFP) – Burgeoning demand for food to feed the world’s swelling population, coupled with increased use of biomass as fuel is putting a serious strain on global water reserves, experts said To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 “If we […]
Offshore Firms
Aug 22, 2008 (LBO) – Sri Lanka is developing a new policy and rules for setting up offices of foreign companies in the island, with plans to increase a minimum deposit requirement, an official said.A higher deposit requirement – which is still to be decided – will only apply to new companies, the official said. […]
Oil prices plunge to US$114 after dollar firms
NEW YORK, August 22, 2008 (AFP) – Oil prices shed more than six dollars a barrel Friday after the dollar firmed and as the world’s second-largest pipeline appeared set to reopen. New York’s main contract, light sweet crude for October, fell 6.59 to close at 114.59 dollars a barrel. The benchmark futures contract was 82 […]
British economic data shows slow growth as inflation spikes
LONDON, August 22, 2008 (AFP) – Britain’s economy stopped growing in the second quarter of 2008, recording the weakest quarterly growth rate for 16 years and leaving the country on the brink of recession, analysts said Friday. To recieve instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
Low cost Internet phone revolution beckons for India
NEW DELHI, August 23, 2008 (AFP) – Battle lines are being drawn after India’s telecoms regulator called for full-blown telephone services via the Internet, paving the way for another fall in the nation’s already cheap call rates. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 […]
‘s Kingfisher Airlines goes international with London route
NEW DELHI, August 23, 2008 (AFP) – India’s Kingfisher Airlines has announced it will launch its first international flight from the high-tech southern city of Bangalore to London next month. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The daily non-stop Airbus A330-220 service to […]
Sri Lanka tea crop hits new high
Aug 22, 2008 (LBO) – Sri Lanka’s tea production is continuing to increase with the July crop hitting a new high, with low grown teas much in demand in the Middle East and Russia, rising sharply, brokers said.The output for the seven month period was also a new high with the previous record being 190.7 […]
Oil prices spikes to US$120 amid geopolitical tension
NEW YORK, August 21, 2008 (AFP) – Oil prices rocketed higher Thursday as traders tracked geopolitical tensions between the United States and Russia, a weak dollar and a large drop in US motor fuel reserves. New York’s main oil futures contract, light sweet crude for delivery in October, soared more than six dollars to 122.04 […]