Category: Other
Sri Lanka tea prices firm despite weaker currencies of importing countries
Jan 28, 2009 (LBO) – Sri Lankan tea prices at the Colombo auctions this week maintained their upward trend with demand strong despite the weakening of the currencies of key buyer countries like Russia, brokers said. Supply was tight because of dry weather in key origins while demand remained strong because of winter in the […]
Obama to let states set higher emissions standards: report
WASHINGTON, January 26, 2009 (AFP) – President Barack Obama on Monday is expected to issue new regulations allowing several US states to set tougher car emissions and fuel efficiency standards, the New York Times reported, citing administration officials.He also will direct the Department of Transportation to immediately begin drafting automobile fuel-economy regulations to comply with […]
Indian PM undergoes heart bypass surgery
NEW DELHI, January 24, 2009 (AFP) – India’s 76-year-old Prime Minister Manmohan Singh underwent heart bypass surgery Saturday, raising questions about his political future with general elections looming.Doctors decided to perform the surgery, which was due to take up to eight hours, after Singh complained of chest pains earlier in the week. The procedure began […]
Lubanga trial will open eyes to child soldiers: ICC prosecutor – Interview
THE HAGUE, January 23, 2009 (AFP) – Prosecutor Luis Moreno-Ocampo hopes to alert the world to the plight of child soldiers when he finally faces Congolese militiaman Thomas Lubanga next week at the International Criminal Court’s first-ever trial.“This case is about how serious it is to enlist hundreds of children and transform them into killers,” […]
Legal Meet
Jan 23, 2009 (LBO) – Sri Lanka’s lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of information technology (ICT), its organizers said. Intellectual Property and Information Technology (IT), Legal issues arising out of outsourcing software development contracts, Telecommunication and legal implication on Mobile […]
Sri Lanka tea prices on the upswing
Jan 23, 2009 (LBO) – Prices of tea, Sri Lanka’s main export commodity, rose again at this week’s Colombo auction on strong demand from traditional markets like Russia and the Middle East. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Brokers said there was good demand for […]
Malaysian police on alert for Tamil Tiger leader: report
KUALA LUMPUR, January 22, 2009 (AFP) – Malaysia is on alert for Sri Lankan Tamil Tiger chief Velupillai Prabhakaran, saying he may have fled here after troops surrounded his last remaining stronghold, according to reports Thursday.Police chief Musa Hassan told the New Straits Times daily he had ordered a nationwide alert following reports that Prabhakaran, […]
Capacity Problem
Jan 22, 2009 (LBO) – Sri Lanka’s top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do its job effectively.Channa de Silva, director general, of the Securities and Exchange Commission, said the lack of staff at the watchdog body was one reason it could not […]
Cairn India gets nod for new Indian field
Jan 19, 2009 (LBO) – Cairn India, which has won a license to explore for oil off Sri Lanka’s west coast, said it got Indian government approval to go ahead with the development of an oil field in north-west India. The company said it holds material exploration and production positions in west India and east […]
Indian inflation falls for tenth straight week
NEW DELHI, January 15, 2009 (AFP) – India’s inflation fell for a tenth straight week, according to official data Thursday, creating more room to boost the nation’s slowing economy, economists said.Annual inflation stood at 5.24 percent for the week to January 3, down from 5.91 percent a week earlier, according to the Wholesale Price Index, […]
Sri Lanka tea prices maintain upward trend
Jan 14, 2009 (LBO) – Sri Lankan tea prices rose again at this week’s Colombo auction on strong demand with brokers saying the trend augurs well for producers who saw the market crash towards the end of last year. “The market continued strong for Low Grown varieties,” Asia Siyaka Commodities said in a report on […]
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