Category:
Ocean Link
November 6, 2006 (LBO) – An undersea optical fibre cable between Sri Lanka and the Maldive Islands could be the first leg of a trans-Indian Ocean cable system that would link Africa with the Far East, officials said. The cable laying ship is expected to reach Maldives on the 12th and the cable terminated in […]
Zimbabwe economy mars Africa resurgence: IMF
PRETORIA, Nov 6, 2006 (AFP) – Senior International Monetary Fund (IMF) officials Monday said inflation-ravaged Zimbabwe was a dark spot in sub-Saharan Africa, which is otherwise set for higher economic growth next year.“The situation is very bad in Zimbabwe.Inflation is higher than 1,000 percent,” Abdoulaye Bio-Tchane, the director of IMF’s Africa department, said in Pretoria. […]
Tokyo Stock Exchange boosts capacity again
TOKYO, Nov 6, 2006 (AFP) – The Tokyo Stock Exchange said Monday it had raised its order handling capacity to 14 million per day from 12 million as part of an upgrade following a series of technical problems.Asia’s largest bourse came under heavy criticism after it closed early for the first time ever in January […]
‘s 150th member
HANOI, Nov 6, 2006 (AFP) – Vietnam is set to become the 150th member of the World Trade Organisation (WTO) Tuesday after 20 years of market reforms that have made the communist ruled country one of Asia’s fastest growing economies.Hanoi hopes admission to the Geneva based club will further boost trade and investment for the […]
‘s captain for World Cup
Nov 6, 2006 (AFP) – Mahela Jayawardene will lead Sri Lanka at the World Cup in the Caribbean next March, chairman of selectors Asantha de Mel told AFP on Monday.“Mahela has done a decent job since taking over from Marvan Atapattu and he will continue till the World Cup,” De Mel said. “We’ve been working […]
Troops, Tigers trade artillery charge as Sri Lanka braces for battle
Nov 6, 2006 (AFP) – Sri Lanka’s military and Tamil Tiger rebels Monday accused each other of initiating artillery attacks in the island’s restive east as both sides braced for a major offensive in the region.“Ground and intelligence sources have confirmed that the Tigers are preparing to launch a major offensive south of Maavilaru, Kadjuwatte […]
Main opposition in Sri Lanka blows hot and cold over upcoming budget
November 05, 2006 (LBO) – Sri Lanka’s opposition United National Party which has pledged to support the ruling party in the budget vote says, it will criticize harmful features of the budget, because economic policy is not included in a recent co-operation deal signed between the two parties. “We were not consulted on the upcoming […]
Chatterboxes
DHAKA, Nov 5, 2006 (AFP) – The number of subscribers to Bangladesh’s top mobile phone company exceeded 10 million Sunday as low call rates and cheaper phones led to a surge in customers, GrameenPhone said Sunday.GrameenPhone, a unit of Norwegian telecom company Telenor, said it added 4.5 million subscribers since January, making it the fastest-growing […]
Beating Odds
NEW DELHI, Nov 5, 2006 (AFP) – Seven Indian cities have emerged as the most favored outsourcing destinations globally, beating out rivals such as Manila, Shanghai and Moscow, according to a report by a US-based consultancy.And India looks set to remain the outsourcing leader in the long term, according to the consultancy neoIT, which advises […]
Former Sri Lanka skipper Ranatunga hails Hair exit
COLOMBO, Nov 5 (AFP) – Sri Lankan cricket legend Arjuna Ranatunga Sunday welcomed the International Cricket Council’s decision to remove Australian umpire Darrell Hair from its elite panel.“This should have happened long ago, but I am happy with the way the ICC handled the Pakistani complaint,” said Ranatunga, who led his team to an epic […]
Upsurge in violence expected after Sri Lanka talks fail
COLOMBO, Nov 5 (AFP) – Sri Lanka’s military and Tamil Tiger rebels are again accusing each other of gearing up for war after peace talks collapsed in Switzerland, with analysts saying an upsurge in violence is inevitable.The government and the rebel Liberation Tigers of Tamil Eelam (LTTE) failed a week ago to buy time for […]
”
MUMBAI, India, Nov 4 (AFP) – The International Cricket Council confirmed on Saturday it had removed controversial Australian umpire Darrell Hair from the elite world panel following a ball-tampering row with Pakistan.Hair, a veteran of 76 Tests, first stood in first-class cricket in 1988-1989, having previously been a fast bowler for North Sydney and Mosman […]