Category: Other
‘s pay rise: report
HONG KONG, April 12, 2007 (AFP) – World Bank president Paul Wolfowitz personally ordered the hefty pay rise given to his girlfriend at the bank, the Financial Times website reported on Thursday. It cited two people who had seen a memo from Wolfowitz to the head of human resources spelling out the terms of the […]
India test fires ballistic missile capable of reaching China
BHUBANESWAR, India, April 12, 2007 (AFP) – India on Thursday test-fired a nuclear-capable medium-range ballistic missile which can reach the Chinese cities of Beijing and Shanghai, defence sources said. The launch of the Agni-III missile took place from Wheeler Island, 180 kilometres (110 miles) northeast of Bhubaneswar, the capital of eastern Orissa state. It was […]
‘s girlfriend deepens; no resignation yet
WASHINGTON, April 12, 2007 (AFP) – World Bank president Paul Wolfowitz Thursday apologized for making a “mistake” over hefty pay rises given to his girlfriend at the development lender, but refused to say if he might quit. “I made a mistake, for which I am sorry,” Wolfowitz told a press conference as an uproar intensified […]
Dope Deals
April 10, 2007 (LBO) – Heightened security in the country has allowed authorities to nab more drug dealers and abusers last year with arrests climbing 69 percent, Sri Lanka’s anti drug authority said. “Each ‘flavour’ gives a different feeling and hallucinations.” In 2006 the drug related arrests had increased to 47,000 and 34,000 related to […]
””
VATICAN CITY, April 8, 2007 (AFP) – Pope Benedict XVI on Sunday decried the “suffering in the world” in his traditional “Urbi et Orbi” (to the city and the world) on Easter Sunday. “How many wounds, how much suffering there is in the world! Natural calamities and human tragedies that cause innumerable victims and enormous […]
History Maker
April 07, 2007 (LBO) – John Exter can be regarded as one of the history makers in modern Sri Lanka.He lent his wisdom, intellect and experience, without any reservation, for the establishment of the Central Bank of Ceylon, the name of the Bank at that time. For those interested in monetary policy/negative effects of Keynesianism […]
Pirates free ship with Sri Lankan sailors off Somalia
NAIROBI, April 7, 2007 (AFP) – Pirates have released a UN-chartered cargo ship and an Indian vessel they captured in the unpatrolled waters off the coast of Somalia, a maritime official said Saturday.Andrew Mwangura of the Seafarers’ Assistance Programme said the hijackers freed the MV Rozen on Friday, more than a month after it was […]
Herd Instinct
April 06, 2007 (LBO) – Sri Lanka’s accounting watchdog has gained membership of a global accounting regulatory forum, the regulator said in a statement. IFIAR with 22 members, focuses on improving audit quality in the institutions and the sustainability of good auditing strategies, the watchdog said. The Sri Lanka Accounting and Auditing Standards Monitoring Board […]
Colombo Round
April 03, 2007 (LBO) – Sri Lanka needs to master trade law to take the best advantage of international trade, Chief Justice Sarath Silva said Tuesday at the announcing of an international trade law conference to be held in Sri Lanka. But Third World countries maintain they need to protect crucial sectors of their economies […]
China sees “historic opportunities” in South Asia
NEW DELHI, April 3, 2007 (AFP) – China declared Tuesday that South Asia was on the brink of “historic opportunities” and sought stepped up cooperation with the region. Chinese Foreign Minister Li Zhaoxing made the statement as he welcomed Beijing’s new observer status at the South Asian Association for Regional Cooperation (SAARC). “We all belong […]
” in huge Solomons quake, tsunami
HONIARA, April 2, 2007 (AFP) – A powerful undersea earthquake unleashed a tsunami that pounded the Solomon Islands early Monday, flattening villages and killing at least six people and sparking scenes of panic, officials said.Witnesses said the wall of water triggered by the 8.0-magnitude quake was up to five metres (16.5 feet) high and swamped […]
Time for South Asia nations to deliver: ministers
NEW DELHI, April 2, 2007 (AFP) – South Asia’s expanding but underperforming SAARC grouping needs to work harder and overcome internal rivalries to boost regional cooperation, officials said Monday on the eve of a summit.“We are at a defining moment in SAARC history,” Indian Foreign Minister Pranab Mukherjee said ahead of the South Asian Association […]