All Blogs
BPO Thrust
Jan 10, 2010 (LBO) – Sri Lanka Hayleys group said its outsourcing division had hired a top executive from WNS, a New York listed business processing outsourcing group to head the unit which offers accounting and finance services business. Arul Sivagananathan will take over as managing director of the Hayleys BPO unit from this month, […]
Sri Lanka floods kill seven, leave 750,000 homeless
January 9, 2011 (AFP) – At least seven people, including two children, were killed in mudslides in Sri Lanka where more than 750,000 people have been driven out of their homes by floods, officials said Sunday. The island’s two main monsoon seasons run from May to September and December to February. A six-year-old boy and […]
Unsung Aussie lands $900,000 IPL auction bid
BANGALORE, January 9, 2011 (AFP) – Little-known Australian Daniel Christian was the surprise highest earner at the final day of cricket’s Indian Premier League auction on Sunday, bought for $900,000 by the Deccan Chargers. The all-rounder, who had a reserve price of $50,000, has played just three Twenty20 internationals but performed well recently in domestic […]
Rule of Law
January 9, 2011 (AFP) – A media rights group on Sunday marked the second anniversary of the assassination in Sri Lanka of an anti-government editor by calling for a fresh search for his killers. Government soldiers defeated the Tigers in May 2009 after decades of fighting. Reporters Without Borders (RSF) accused the government of blocking […]
Sri Lanka floods kill two, 600,000 homeless
January 9, 2011 (AFP) – Two children were buried alive in mudslides on Sunday in Sri Lanka where more than 600,000 people have been driven out of their homes by floods, officials said. A six-year-old boy and a nine-year-old girl were killed in separate incidents in the district of Badulla. Heavy rains have caused flooding […]
Thousands rally over blasphemy law in Pakistan: police
KARACHI, January 9, 2011 (AFP) – More than 20,000 people rallied in Pakistan’s southern city of Karachi on Sunday, police said, against proposed amendment to blasphemy laws that were recently used to sentence a Christian woman to death. The protest follows Tuesday’s assassination of the governor of Punjab province, Salman Taseer, by one of his […]
Sri Lanka goes for variety and experience for World Cup
January 8, 2011 (AFP) – Sri Lanka’s cricket selectors opted for a blend of variety and experience when naming the final 15-man squad for the 2011 World Cup that runs from February to April, officials said Saturday. “We looked at the opposition teams and the games we will be playing and we went for variety […]
Sri Lanka CB net forex buyer in December: data
Jan 08, 2010 (LBO) – Sri Lanka’s Central Bank has been a net buyer in foreign exchange in December following three months of net sales amid unprecedented excess reserves in the banking system. Sri Lanka’s reserve money (without excess reserves) has started rose to 355 billion rupees on January 06 2011 from 338. 5 billion […]
Transport Links
Jan 08, 2011 (LBO) – Sri Lanka and India have signed an agreement to start ferry services between the two neighbours with a meeting of officials to be held in Colombo next week, an Indian High Commission statement said. An Indian company, IRCON, has already commenced survey work for this purpose to restore the damaged […]
Sri Lanka shares end up 1.21-pct
Jan 07, 2011(LBO) – Sri Lankan stocks closed higher Friday with Panasian Power, a mini hydro firm, débuting on the market and active retail trading, brokers said. The All Share Price Index closed at 6,891.96, up 1.21 percent (82.23 points) while the Milanka Price Index of more liquid stocks closed at 7,286.88, up 1.28 percent […]