Category:
Low Tones
Aug 13, 2008 (LBO) – Profits at Sri Lanka’s Dialog Telekom group, a unit of Telekom Malaysia, fell 78 percent in the June 2008 quarter to 537 million rupees, according to interim accounts filed with Colombo Stock Exchange. The unit had lost 196.4 million for the six months, down from 349 million rupees for the […]
Britain facing increased risk of recession: BoE governor
LONDON, August 13, 2008 (AFP) – The head of the Bank of England forecast on Wednesday that Britain faced increased risk of recession with economic growth set to slow further and inflation expected to spike.“It is bound to be the case there will be a quarter or two of negative growth,” BoE governor Mervyn King […]
Rat snacks can solve world food price crisis: Indian official
PATNA, August 13, 2008 (AFP) – Eating rats is the best way for rich and poor people to solve the global crisis of rising food prices, an Indian official said Wednesday as he unveiled his plan to put rodents on menus.Regular rat snacks would translate into fewer rodents eating precious grain stocks — 50 percent […]
” to restart WTO talks
NEW DELHI, August 13, 2008 (AFP) – India urged developed nations to return to the negotiating table to hammer out a new global trade deal — but only if they are willing to give and not just look for what they can get.The latest round of World Trade Organisation (WTO) talks, which saw emerging powers […]
‘s Reliance in tie-up with famed toy store Hamleys
MUMBAI, August 13, 2008 (AFP) – Indian corporate giant Reliance announced a tie-up with famed British toy retailer Hamleys, promising to bring India’s children “world-class toy stores.” Reliance Retail, part of the Reliance Group conglomerate, plans to open two Hamleys stores in Mumbai and New Delhi in 2009 with a total of 20 set to […]
Euro ticks higher against dollar, oil down
NEW YORK, August 12, 2008 (AFP) – The euro ticked slightly higher against the dollar Tuesday in a market awaiting a fresh batch of indicators on the fragile economic health of the eurozone. “On Thursday, weak GDP (gross domestic product) data from Germany and the eurozone will highlight the problems of the European economies, putting […]
Sri Lanka shares sag again
Aug 12, 2008 (LBO) – Sri Lankan stocks lost more ground Tuesday on thin volumes as the market returned to its becalmed state with investors staying away. The All Share Price Index closed down 0.70 percent (17.29 points) at 2,447.18 while the more liquid Milanka fell 1.12 percent (32.73 points) to 2,894.27. Turnover was just […]
Disputed Charge
Aug 12, 2008 (LBO) – Sri Lankan shippers have rejected the report of a mediation committee that probed a dispute over cargo handling charges in Colombo port, saying the matter remains unresolved. The council, an apex body representing the island’s exporters and importers, has waged a long campaign against the terminal handling charge imposed by […]
On Board
Aug 12, 2008 (LBO) – The rapid growth of the world’s shipping fleet is opening up employment opportunities for Sri Lankan seafarers but training is constrained by a shortage of berths for cadets to get seagoing experience, officials said.The worldwide shortage of officer grade seafarers is growing and with more ships being built at a […]
Fishing Support
August 12, 2008 (LBO) – The United States has finished re-building the third fishery harbour in southern Sri Lanka which was hit by the 2004 Asian tsunami, the US embassy in Colombo said.USAID has also helped renovate the Hikkaduwa and Mirissa fishery harbours as part of a 5 million US dollar project, helping a total […]
Twin Growth
Aug 12, 2008 (LBO) – It’s easy to miss the business strategy behind a glitzy re-launch of Sri Lanka Telecom’s wire-line services, as the island’s only copper wire networked telco kicked off a new campaign, cutting connection charges. Broadband, or fast internet access, is a high growth area for SLT together with mobile services. Mobitel, […]
Humpbacks doing better but porpoises face extinction
GENEVA, August 12, 2008 (AFP) – Two whale species, the humpback and the southern right, are less under threat from becoming extinct, a new study released on Tuesday showed.However, smaller cetaceans, including a species of porpoise, were facing a greater risk of extinction, said the study, which was carried out by the International Union for […]