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‘s IMF director hits method for naming chief
WASHINGTON, May 19, 2011 (AFP) – India’s IMF director on Thursday said the institution needs to revamp how it chooses it managing director, after decades of as “consensus” that let Europeans monopolize the top position. Hours after the resignation of International Monetary Fund chief Dominique Strauss-Kahn of France to fight sexual assault charges in New […]
US security chief to visit India for talks
WASHINGTON, May 19, 2011 (AFP) – The US Homeland Security secretary, Janet Napolitano, will make a four-day visit to India beginning May 24, her office announced Thursday. Napolitano and Indian Home Minister Palaniappan Chidambaram, the country’s domestic security chief, will launch the US-India Homeland Security dialogue, which the Department says will increase communication about terrorism […]
Sri Lankan air cargo goes electronic
May 20, 2011 (LBO) – Sri Lanka’s national carrier SriLankan Airlines has introduced electronic cargo booking and scanning facilities at the main international airport in Katunayake. Its cargo arm, SriLankan Cargo, is modernising its cargo centre at the international airport north of Colombo to improve operational efficiency and strengthening Colombo’s position as an air cargo […]
SriLankan Airlines gets more fuel efficient aircraft
May 20, 2011 (LBO) – A brand new Airbus A320-200 aircraft delivered to SriLankan Airlines this week as part of its fleet expansion is more fuel efficient and would improve airline performance, the national carrier said. Chief executive Manoj Gunawardena said two more aircraft are expected to be delivered later in the year. “These aircraft […]
Ton-up Morgan, Patel pile on runs against Sri Lanka
LONDON, May 19, 2011 (AFP) – Eoin Morgan and Samit Patel both hit centuries in last-gasp bids to seal Test spots as England Lions piled up 394 for four on the first day of a four-day match against Sri Lanka on Thursday. Morgan made 156 not out with Patel weighing in with an unbeaten 101 […]
Sri Lanka shares up 1.75-pct
May 19, 2011 (LBO) – Sri Lankan shares rose strongly Thursday following a widely anticipated announcement by the markets regulator that the margin trading credit settlement period had been extended again, brokers said. The main All Share Price Index closed at 7,487.61, up 1.75 percent (128.92 points) while the more liquid Milanka index rose 1.19 […]
‘s Galadari Hotel to convert debt into equity
May 19, 2011 (LBO) – Sri Lanka’s heavily indebted Galadari Hotel plans to convert debt into equity in an effort to take advantage of the tourism boom after the end of the island’s ethnic war. A stock exchange filing said the hotel will convert into shares 5. 75 billion rupees (52 million US dollars) owed […]
Sri Lanka seen more expensive than rival tourist destinations
May 19, 2011 (LBO) – Sri Lanka appears to be priced at the top tier in hotel room rates compared to its regional rivals, a new report on the industry by Capital Alliance said. “However, there are a few key concerns that the industry should overcome to fully reap the benefits of the tourism boom. […]
Sri Lanka gets US aid for flood victims
May 19, 2011 (LBO) – The United States Agency for International Development (USAID) is giving a 1. 5 million grant under its Food for Peace (FFP) programme to help more than 22,000 flood victims in eastern Sri Lanka. Under the programme the US development agency will assist flood victims by paying them to repair small-scale […]
Secret Shoot
May 19, 2011 (AFP) – Under a cloak of secrecy, the first film adaptation of controversial author Salman Rushdie’s celebrated novel “Midnight’s Children” has finished shooting in Sri Lanka. Canadian director Deepa Mehta chose the South Asian island as a location instead of India or Pakistan, where the book is set, to avoid problems with […]