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Latest Sri Lanka journalist killing outrageous: rights body
May 30, 2008 (LBO) – An international media rights body said it was outraged by the hacking to death of a Sri Lankan television journalist in the northern Jaffna peninsular along with a friend. “Caught in the crossfire between two armed forces, journalists in the Jaffna peninsula are constantly the targets of threats, kidnappings and […]
Burst Bubble?
May 30, 2008 (LBO) – World oil prices held steady in Asian trade on Friday after sharp falls on concerns over falling demand in the United States and other developed countries, analysts said.New York’s main oil futures contract, light sweet crude for July delivery, was 17 cents lower at 126.45 dollars a barrel after losing […]
‘s inflation hit new high; another index suppressed
May 30, 2008 (LBO) – Inflation in Sri Lanka’s capital hit a new high of 26.2 percent in May up from 25.0 percent on a new index, while an index showing higher inflation was scrapped, the government’s statistics office said. Increases were seen in the food, clothing and footwear, housing and fuels, house maintenance, health […]
Sri Lanka seeks food crisis loan: World Bank
The World Bank is considering giving Sri Lanka a crisis loan to tackle galloping food prices, the global financial institution’s vice president said on Friday.“The fund is targeting some 800 million dollars for countries such as Sri Lanka that have been hit by the food crisis,” Patel said. The solution for Sri Lanka, he said, […]
Sri Lanka warns Western sanctions could worsen internal conflict
WASHINGTON (AFP) – Sri Lanka called on Western powers Thursday to be wary of imposing sanctions for its alleged human rights violations, warning that the action could worsen the island’s long-running ethnic conflict.The United States and the European Union have withheld various aid programs and are debating whether to withdraw special trade benefits from Sri […]
‘s stocks slip further, SLT and JKH dominate trade
May 29, 2008 (LBO) – Sri Lankan stocks slid further a 0.56 percent Thursday but turnover increased to over half a billion rupees following deals on index heavy counters, brokers said.The All Share Index shed 0.56 percent (14.13 points) to close at 2,506.64 points while the Milanka Index closed 0.25 percent (7.39 points) lower at […]
Full Ahead
May 29, 2008 (LBO) – Colombo Dockyard, Sri Lanka’s sole listed ship builder, said Thursday its March quarter net profit went up 22.5 percent to 245 million rupees from 200 million rupees a year ago. Revenue rose 49.6 percent to 2,968 million rupees from 1,984 million rupees in the same period a year ago, according […]
Value Billing
May 29, 2008 (LBO) – Sri Lanka mobile operator TIGO, a unit of Millicom International Cellular says it’s per second billing and lifetime bonus schemes have helped win consumer loyalty for the brand. In Sri Lanka it shares the market with Dialog Telekom, Mobitel and Hutch. “We will never cheat on our consumers, so that’s […]
Sri Lanka business chamber launches e-commerce portal
May 29, 2008 (LBO) – The Ceylon Chamber of Commerce said Thursday it had activated an electronic commerce web portal this week that would help Sri Lankan business to trade internationally. Website visitors have free search facilities to find reliable companies that meet procurement needs and service requirements, and are able to browse through detailed […]
‘s king packing belongings: newspaper editor
Nepal’s ousted king Gyanendra is packing his belongings and planning to leave his palace in Kathmandu on Friday in line with a two-week deadline, a prominent newspaper editor told AFP Thursday. “According to our sources, the King is packing up his personal belongings to move out of the palace,” Kishore Shrestha, editor of the Nepali-language […]
Slowdown looms for Indian economy: analysts
May 29, 2008 (AFP) – A slowdown looms for India’s economy amid global financial turmoil even though it may post better-than-expected growth for last year in official data due on Friday, economists say. Just as positive global factors supported India’s expansion earlier, “negative global factors,” such as surging commodity prices and growing investor risk aversion, […]
‘s Tata Motors slip
May 29, 2008 (AFP – India’s top vehicle maker Tata Motors reported a slight fall in annual profit on Wednesday as it announced a capital raising plan to fund its purchase of British luxury icons Jaguar and Land Rover. The company, part of the steel-to-tea Tata Group conglomerate, reported net profit fell to 21.67 billion […]