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Sri Lanka gets EU delegation to discuss trade concessions
June 6, 2006 (LBO) – A European Union delegation is due to visit Sri Lanka next week to discuss the renewal of trade concessions for exports, especially apparel, into the EU, a government minister said. The GSP Plus facility keeps over 350,000 people in direct employment in garment factories in Sri Lanka, Ambassador to the […]
Malaysia to halve foreigners in manufacturing, plantations by 2010
KUALA LUMPUR, June 6, 2008 (AFP) – Malaysia plans to almost halve the number of foreigners working in the plantation and manufacturing sectors by 2010 by reducing its yearly foreign intake by 400,000, a report said Friday.Human Resources Minister S. Subramaniam said the government wanted to reduce the imported labour force in the country from […]
Drug cheats with bans over six months to miss Games, says IOC
ATHENS, June 5, 2008 (AFP) – Drug cheats will be banned from future Olympics after Beijing 2008 if they are caught and sanctioned for over six months, the International Olympic Committee said on Thursday.“An athlete would not be deemed eligible to compete at an edition of the Olympic Games if he or she were caught […]
Court agrees flight attendants are too fat to fly: report
NEW DELHI, June 6, 2008 (AFP) – An Indian court has upheld the right of state-owned Air India to ground overweight flight attendants, a report said.Lawyers for the airline told the court the attendants were moved from flight duty to ground duty when they failed to meet minimum physical fitness standards, the Hindu newspaper reported. […]
” to tackle global warming
TOKYO, June 6, 2008 (AFP) – The world must spend one percent of its annual economic output to halve greenhouse gas emissions by 2050, the IEA said Friday, calling for an “energy technology revolution” to curb global warming. Unless governments take action now, carbon dioxide emissions will rise by 130 percent by the middle of […]
Hormone serotonin, impulsivity linked in British study
WASHINGTON, June 5, 2008 (AFP) – Serotonin plays a key role in regulating emotions such as aggression and impulsivity during decision making, according to British research appearing Thursday in the United States. Neurologists and psychiatrists have long linked serotonin, a hormone that transmits chemical messages between nerve cells, and social behavior, but its precise role […]
Legends of the Olympic Games
PARIS, June 5, 2008 (AFP) – With the 2008 Olympics getting under way in Beijing on August 8, AFP Sport presents a selection of the legends who have lit up the event down the years: Abebe Bikila (ETH) – Running barefoot, Bikila of Ethiopia won the marathon at the 1960 Rome Olympics. Despite undergoing an […]
Sliding Up
June 06, 2008 (LBO) – Chevron Lubricants Lanka has raised prices of its products following sharp increases in the prices of crude and base oil, a senior company official said Friday. “With rising petrol and diesel prices, people are finding it difficult to maintain their vehicles and so tend to postpone service decisions.” The two […]
Sri Lanka gets World Bank loan to rebuild in conflict areas
June 06, 2008 (LBO) – The World Bank plans to give Sri Lanka a loan of 75.6 million dollars mainly to rebuild the homes of people in the war-ravaged north and east, the lending agency said in statement. Technical assistance will also be provided under the program to help meet the long term housing needs […]
Sri Lankan shares regain some ground, sentiment seen weak
June 05, 2008 (LBO) – Sri Lankan shares Thursday recovered some ground it lost the day before but on thin volumes with brokers saying the market is likely to remain weak given high inflation and interest rates. The All Share Price Index gained one percent (24.81 points) to end at 2,516.49 while the more liquid […]
Prime Property
June 05, 2008 (LBO) – Sri Lanka’s Sampath Bank has called for proposals to develop a prime property it owns in the heart of the capital Colombo in a joint venture. The property market has been showing signs of cooling in recent months but prime locations such as Colombo 7 would always be pricey, analysts […]
Debit Deals
June 05, 2008 (LBO) – Commercial Bank of Ceylon has started giving discounts previously limited to credit card customers to the bank’s debit card holders, which has seen increased use following a credit card transaction tax, the bank said. Chief manager of Commercial Bank’s card centre, Lakshaman Perera said in a statement that a one […]