Category: Other
Arrest Quest
Apr. 27 (LBO) – Seven persons who were caught promoting the GoldQuest network marketing scheme have been arrested in southern Sri Lanka, police said. Central Bank has now established a special investigation unit to look into pyramid scams, referral frauds, as well as other violations of laws administered by the regulator. The seven who were […]
Chinese car lust drives battery boom, bust in Kenya
ATHI RIVER, Kenya, April 27, 2006 (AFP) – China’s rapid expansion into Africa in search of fuel to feed its booming development needs is leaving a profound mark on the continent’s economies, often in little noticed sectors. And as Kenya hosts Chinese President Hu Jintao on his last stop in a three-nation African tour, the […]
‘s secret service trawls for new talent
LONDON, April 27, 2006 (AFP) – Britain’s secret service, famed for lurking in the shadows, launched its first overt recruitment operation on Thursday, calling on men and women who are looking for a challenge.For the first time in its 97-year history, MI6, the country’s foreign spy agency, published an open advertisement in a newspaper. “From […]
Mission possible — Britain’s secret service trawls for new talent
LONDON, April 27, 2006 (AFP) – Britain’s secret service, famed for lurking in the shadows, launched its first overt recruitment operation on Thursday, calling on men and women who are looking for a challenge.For the first time in its 97-year history, MI6, the country’s foreign spy agency, published an open advertisement in a newspaper. “From […]
Sri Lanka Q1 2006 tea exports up 6% on 2005
Apr. 26 (LBO) – Sri Lanka shipped 75.0 million kilos of tea in March, over 70.3 million kilos in 2005, a commodity brokering house said Wednesday.Revenues from tea exports for March topped 19.2 million rupees, over 21.2 million rupees, reported in 2005, Asia Siyaka Commodity Brokers said. Majority of the export earnings came from bulk tea, […]
Air ticket prices rising on back of oil price spike
PARIS, April 27, 2006 (AFP) – Air France-KLM, Singapore Airlines and a string of other carriers are increasing the fuel surcharge element in their long-haul ticket prices, again passing on to passengers the rising cost of aviation fuel.The airlines justify the price hikes by the recent surge in crude prices, sparked by fears that the […]
Eagle Eyes
Apr.04 (AFP) – Counter terrorism and anti-money laundering experts from South Asian nations began training with US experts in Colombo on Tuesday, the US embassy said.Some 40 South Asian regulators and lawmen from Pakistan, Bangladesh, Maldives and Sri Lanka were attending the study sessions organised by the US department of justice and the Federal Bureau […]
Kenyan tea sector recovering from searing drought
NAIROBI, Apr.25 (AFP) – Kenya’s tea sector is rebounding from a searing drought, with production of the country’s largest export shooting up 72 percent between February and March, officials said Tuesday. However, export earnings continue to suffer and the Tea Board of Kenya (TBK) said the huge boost was unlikely to make up for a […]
Copper forges record 7,000 dollars per tonne
LONDON, Apr.25 (AFP) – The price of copper leapt to the highest-ever level here on Tuesday, spurred by massive investment and speculative demand.Three-month copper prices on the London Metal Exchange touched 7,040.00 dollars per tonne — the highest point since copper was first listed in its current format in 1870.The price of copper, used for […]
”: experts
KUALA LUMPUR, Apr. 24 (AFP) – Rising demand that has pushed prices for natural rubber to record highs is raising fears world supplies will run short, experts said Monday at an international summit in the Malaysian capital. Growing demand has seen prices rise steadily for over a year, hitting 2.0 dollars per kilogram (2.2 pounds) […]
Close Inspection
Apr. 24 (AFP) – Sri Lankan police arrested five Maldivian nationals sparking unconfirmed rumours that the suspects were linked to Al-Qaeda, police and media reports said Monday.The five — two women, two children and a man — were taken into custody at the request of the Maldives government and handed over to the Maldivian high […]
Red Light
Apr.24 (LBO) – The District Court Monday turned down a request by Malaysian based investor A P Jagaiah to postpone the NDB Bank’s annual general meeting. -LBO Newsdesk Jagaiah sought legal recourse after NDB Bank refused to register 9.36 percent or 5.2 million shares owned by him, the bank said in a statement. In a […]