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Sri Lanka hotel group exits loss-making Maldives resort
Aug 27, 2010 (LBO) – Sri Lanka’s John Keells Holdings (JKH) group said it had exited from an island further away from the capital of the Indian Ocean archipelago of Maldives, and extended its lease at a more profitable resort. But the Alidhoo island was making losses, and Dhonveli was more profitable the firm said. […]
Arabian Fright
August 27, 2010 (AFP) – A Sri Lankan housemaid who had 24 nails embedded in her body — allegedly by her Saudi employer — was recovering in hospital Friday after doctors removed 18 of them during a three-hour surgery. L.T. Ariyawathi, 49, said her employer in Saudi Arabia had inflicted the injuries on her as […]
Biomed Skills
Aug 27, 2010 (LBO) – Sri Lanka is laying the foundation to build a biomedical sector by offering courses in the subject based on British standards to train much needed human resources, educators said. “The development of the human capital base of the country is an important factor for that country to attain a sustainable […]
Nail Torture
Aug 27, 2010 (LBO) – Doctors in Sri Lanka have removed 15 metal objects including nails and pins from a woman domestic worker who had returned from Saudi Arabia a media report in the island said. Some also go the Maldives, which is the best managed economy in South Asia with the strongest exchange rate. […]
Cooling Ardour
Aug 27, 2010 (LBO) – PC House, a Sri Lankan information technology company which debuted on the stock exchange this week, closed below its issue price of 11 rupees Friday, the second day of trading, brokers said. The share opened the day’s trading at 10. 90 rupees, went down to 9.90 and closed at 10.00 […]
Mobile Money
Aug 27, 2010 (LBO) – Sri Lanka’s Central Bank has drafted guidelines for mobile phone payment systems and called for public comments, according to a notice on its website. Mobile payments will be allowed through accounts in licensed banks and registered finance companies as well as Custodian Account Based Systems operated by non-bank service providers. […]
India government warns on BlackBerry
NEW DELHI, August 26, 2010 (AFP) – India warned the makers of the BlackBerry Thursday its messaging services could be shut down if it failed to give security agencies access “in readable format” as a compliance deadline loomed. A shutdown would affect corporate users among BlackBerry’s 1.1 million customers, whose communications have a higher level […]
‘s consumer prices slide, unemployment falls
TOKYO, August 27, 2010 (AFP) – Japan’s consumer prices continued to slide while the unemployment rate fell for the first time in six months in July, the mixed data Friday illustrating the fragility of the country’s recovery. Japan’s core consumer price index fell 1.1 percent in July from a year earlier, government data showed, marking […]
Sri Lanka stocks close 0.20-pct up
Aug 26, 2010 (LBO) – Sri Lankan stocks closed slightly higher Thursday in somewhat choppy trading with some interest seen in financial sector shares and poultry firms, brokers said. Company earnings have improved in post-war Sri Lanka and leasing and motor firms are seen doing better as demand for vehicles increase while poultry firms are […]
Bank Numbers
Aug 26, 2010 (LBO) – Sri Lanka’s Union Bank said net profits rose 54 percent to 50 million rupees in the half year to June 2010 from a year ago as margins improved and that it plans to have more branches. Interest income fell 10 percent to 858 million rupees while interest expenses fell at […]