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Sri Lanka leader says arable land sown with terrorist mines
June 04, 2008 (FAO) Food production in Sri Lanka has been affected not only by high oil prices, bad weather and storage and distribution problem but by terrorism as well, the island’s president Mahinda Rajapaksa has said.Addressing the Food and Agriculture Organisation (FAO) conference on food security in Rome, Rajapaksa called on the UN organisation […]
Sri Lanka police seek help to track train bomb suspect
June 04, 2008 (LBO) – Sri Lankan police Wednesday said they were hunting for a 29-year-old man suspected to be involved in a bomb attack on an early morning commuter train on the coastal track near to the capital Colombo that wounded 18 people. Nine people were killed and 84 wounded by a bomb blast […]
Sri Lanka police hunts rail bomber
June 04, 2008 (LBO) – A bomb exploded on a rail track as a train bound for the island’s capital Colombo was passing through a southern suburb of the city, injuring more than a dozen people Wednesday, authorities and eyewitnesses said. Police spokesman Ranjith Gunesekera said a hunt was on for the suspect. An explosion […]
Sri Lanka rail blast injures 17
June 4, 2008 (LBO) – A blast ripped through a suburban rail track in Sri Lanka’s capital Colombo in the early morning rush hour Wednesday, injuring at least 17, authorities and eyewitnesses said. Military spokesman Udaya Nanayakkara said the explosion had gone off on a rail track near Wasala Road in Dehiwela, south of Colombo. […]
Sri Lanka blast in capital
June 4, 2008 (LBO) – A blast ripped through a suburb of Sri Lanka’s capital Colombo in the early morning rush hour, the military said. Military spokesman Udaya Nanayakkara said the explosion blast had gone off by a rail track. Early reports said the explosion occurred in an area bordering Dehiwela and Wellawatte. Residents heard […]
‘s airlines face huge losses due to fuel prices: govt
NEW DELHI, June 4, 2008 (AFP) – India’s airlines suffered a combined loss of nearly a billion dollars in the past financial year and the figure could double this year if fuel prices keep rising, a government official said on Wednesday.The firms suffered a total loss of around 40 billion rupees (937.6 billion dollars) in […]
Oil bubble weakens as Fed signal pause in money printing
LONDON, June 4, 2008 (AFP) – Oil prices fell on Wednesday, extending recent heavy losses made on the back of the stronger dollar, as investors awaited the latest weekly report on energy inventories in the United States.New York’s main oil futures contract, light sweet crude for July delivery, shed 59 cents to 123.72 dollars a […]
Malaysian petrol price to jump 40 percent: PM
KUALA LUMPUR, June 4, 2008 (AFP) – Malaysia said petrol prices will jump 40 percent from Thursday, as it moves to cut the spiralling cost of subsidies despite the prospect of public outrage. Prime Minister Abdullah Ahmad Badawi said the price hike could suppress economic growth and drive up inflation as high as 5.0 percent […]
” education
OAKLAND, June 4, 2008 (AFP) – A private San Francisco area university dedicated to the study of the cannabis industry is giving a whole new meaning to higher education. At Oaksterdam University — so called after the nickname locals have given to Oakland — students learn how to grow, harvest and cook marijuana, as well […]
Bernanke worried about dollar, toughens inflation message
WASHINGTON, June 4, 2008 (AFP) – Federal Reserve chairman Ben Bernanke signaled Tuesday that the US central bank is worried about the dollar, saying the sagging currency has led to “unwelcome” inflation pressures.“We may see somewhat better economic conditions during the second half of 2008, reflecting the effects of monetary and fiscal stimulus, reduced drag […]
Sri Lanka needs better transport, credit access to benefit from trade: study
June 04, 2008 (LBO) – Sri Lanka needs to improve access to markets through better transport infrastructure and access to credit to take advantage of opportunities presented by trade, a new study on the trade-poverty nexus in the island says. A major feature of the trade-poverty nexus in the island has been the uneven growth […]
Sri Lanka shares close weaker
June 3, 2008 (LBO) – Sri Lanka stocks closed 0.2 percent lower Tuesday amidst muted retail activity, traders said. The All Share Price Index (ASPI) closed 0.28 percent (6.98 points) lower at 2,520.43 points while the Milanka Index shed 0.20 percent (6.20 points) to close at 3,044.37. Total turnover was 187.9 million rupees and trading […]