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Criminal Trial
THE HAGUE (AFP) – Dutch prosecutors Tuesday asked for jail sentences between 10 to 16 years against five suspected Tamil Tigers for aiding the Sri Lankan rebel movement from the Netherlands, including collecting funds. Prosecutors said by extension, the men were responsible for the LTTE’s actions like the recruitment of child soldiers and murder. Arrested […]
Tele Hub
Sept 28, 2011 (LBO) – Sri Lankan mobile operator Dialog Axiata has struck a deal with Singapore’s StarHub mobile firm to offer customized international connectivity solutions to customers. “The partnership is focused on delivering the lowest cost connectivity solutions with strict service levels between Sri Lanka and Singapore using each other’s network,” a statement said […]
Europe threatens to break off India free-trade talks
BRUSSELS, September 27, 2011 (AFP) – European governments are threatening to break off negotiations with India on a free-trade deal the EU had hoped would be worth 175 billion euros a year, an EU report revealed on Tuesday. Four years after talks began with New Delhi, frustrated European Union trade ministers have taken the decision […]
Sri Lankan Airlines cuts losses
Sept 28, 2011 (LBO) – State-run SriLankan Airlines said it had lost 202 million rupees in the year to March 2011, down from 6.03 billion rupees a year earlier, helped by 3.6 billion rupees in one-off non-operating incomes. “SriLankan will focus on each of its diverse areas of business, with particular emphasis on transforming our […]
Germany hits out at US as Greece vows action on debt
BERLIN, September 27, 2011 (AFP) – Germany told the United States Tuesday to stop pointing the finger at Europe for its own economic ills while debt-hit Greece promised to do its utmost to avert a financial meltdown in the eurozone. Elsewhere in the German capital, Greek Prime Minister George Papandreou insisted that Athens was pulling […]
Sri Lanka stocks becalmed
Sept 27, 2011 (LBO) – Sri Lankan stocks were becalmed for the second day Tuesday with turnover also lower than usual amind continued trade in shares that had drawn speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.43 points) to 6,737.45, while the more liquid Milanka index rose 0.03 percent (1.77 […]
Sri Lanka travel show planned in Canada
Sept 27, 2011 (LBO) – A travel show to boost tourism to Sri Lanka wil be held in Toronto, Canada where the bulk of existing tourist traffic is now directed to India and the Maldives, its organizers said. “There is a lack of packages to Sri Lanka with travel agents in North America compared to […]
Sri Lanka to start e-visa for 78 countries
Sept 27, 2011 (LBO) – Sri Lanka will start electronic visa approval for 78 countries with a online portal being opened after September 30, but Singapore and Maldives nationals will continue to be given on arrival visas at entry points, the island’s border agency said. The online visas could be applied through www.eta.gov.lk, Sri Lanka’s […]
‘s output
Sept 27, 2011 (LBO) – Sri Lanka’s tea production is unlikely to match last year’s levels given a continuing decline in crops owing to bad weather, a broker said. “In the mid grown areas on the eastern side, Namunukula and Passara, and Linugalla, and on the western slopes Kandy, Matale, Kurunegala and Madulkelle have recorded […]
Insider Dealing
Sept 28, 2011 (LBO) – Sri Lanka’s Securities and Exchange Commission said five employees of SMB Leasing, will be charged for insider dealing on the firm’s stock. The SEC said the employees had bought shares ahead of a rights and warrant issue by the company. Information on the rights issue had been made public on […]