Tag: lankabusinessonline
Fuel Costs
Nov 06, 2008 (LBO) – Sri Lankan president Mahinda Rajapaksa said Wednesday the government had slashed retail fuel prices with immediate effect in an effort to bring down transport costs and inflation. “From today, the price of a litre of diesel will be reduced by 30 rupees,” Rajapaksa told parliament when he presented the government’s […]
US presidential election results (Update II)
WASHINGTON, November 5, 2008 (AFP) – Here is a tally of preliminary results in the US presidential election, based on projections by US networks. At 0214 GMT, with results given in 27 states, Obama had 175 and McCain had 81 of the 270 Electoral College votes needed to win the White House, out of a […]
”
CHICAGO, November 5, 2008 (AFP) – US President-elect Barack Obama said Tuesday that a new dawn of American leadership was at hand and stressed the shared destiny of the United States and the rest of the world. “It’s been a long time coming. But tonight, because of what we did on this day, in this […]
‘s first black president
WASHINGTON, November 5, 2008 (AFP) – Americans elected Democrat Barack Obama as their first black president Tuesday, in a transformational election which will reshape US politics and reposition the United States on the world stage.With a stunning grassroots political movement, powered by massive multi-million dollar fundraising, Obama first beat Hillary Clinton, and the Democratic Party’s […]
Rights groups slam media controls in Sri Lanka
COLOMBO, October 31, 2008 (AFP) – Sri Lanka has the lowest press freedom rating of any democracy and has been the first to use anti-terror laws to prosecute journalists, international rights groups said Friday. Five organisations, including the Paris-based Reporters Without Borders (RSF), said journalists and media institutions seeking to report independently on the island’s […]
Nut Cracker
Oct 31, 2008 (LBO) – Profits of Lanka IOC, a unit of India’s IOC fell 83 percent in the September quarter to 109 million rupees amidst high taxes and hedging costs, while six months profits were flat at 1.1 billion rupees, an official said. Lanka IOC managing director R Ramakrishnan said his firm was losing […]
Sri Lanka business chambers urge unity among politicians
Oct 29, 2008 (LBO) – Sri Lanka’s top business chambers have called for political unity to back government efforts to devolve power to minority Tamils and defeat Tiger rebels. The call came in a statement which also urged the government to do more to help civilians displaced by fighting between government forces and Tamil Tigers. […]
Air Raid
Oct 28, 2008 (LBO) – A fire broke out in a key power station in Sri Lanka’s capital Colombo soon after lights were doused on warnings of a Tamil Tiger guerrilla air raid, officials and the military said. A lubrication oil cooler connected to the gas turbine plant GT7 in Kelanitissa was burning, officials of […]
Sri Lanka reassures India over Tamils
NEW DELHI, October 26, 2008 (AFP) – A senior Sri Lankan minister on Sunday held talks with the Indian foreign minister over the safety of the island nation’s minority Tamils as its conflict with Tamil Tiger rebels escalates. Sri Lanka’s Tamils share close cultural and religious links with the 55 million Tamils in the southern […]
Sri Lanka media group condemns threats against human rights defenders
Oct 23, 2008 (LBO) – A Sri Lanka media rights group has condemned more deaths threats against human rights activists and lawyers and demanded a police investigation. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Free Media Movement (FMM) said in a statement the government should […]
Lubricant Lease
Oct 23, 2008 (LBO) – Chevron Lubricants Lanka said Thursday it was seeking to extend the lease on the land on which it has its lubricant plant which runs out in July next year. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Sri Lankan unit of […]
Time Travel
EW YORK, October 22, 2008 (AFP) – Crude oil prices careened lower Wednesday after surging US energy reserves highlighted falling demand in a cooling global economy, and ahead of an OPEC financial crisis meeting. New York’s main contract, light sweet crude for December, skidded 5.43 dollars to close at 66.75 dollars a barrel. It earlier […]