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‘s BlackBerry offensive widens to Google, Skype: report
NEW DELHI, August 13, 2010 (AFP) – India’s showdown with BlackBerry could reportedly widen to encompass Google and Skype after the government threatened to cut off core features of the popular smartphone on security grounds. Research In Motion, the BlackBerry’s Canadian maker, gave no immediate indication that it would accede to the latest pressure from […]
SriLankan Airlines to get more aircraft, increase flights
Aug 13, 2010 (LBO) – SriLankan Airlines is planning to support the country’s rapidly-growing tourism industry with a planned increase in worldwide flights and to acquire two more aircraft this year, a statement said. The national carrier plans additional capacity to Paris, Frankfurt, Milan, Rome, Bangkok, Singapore, Kuala Lumpur, Shanghai, Karachi and many cities in […]
‘s ex-army chief convicted by court martial
August 13, 2010 (AFP) – A court martial convicted Sri Lanka’s former army chief Sarath Fonseka Friday of dabbling in politics and stripped him of his rank and medals, a senior military source said. “The guilty verdict was read out to General Fonseka at the court martial a short while ago,” the military source told […]
Sri Lanka refugee ship boarded by Canadian navy
VANCOUVER, August 12, 2010 (AFP) – The Canadian navy on Thursday intercepted a cargo ship carrying up to 500 Sri Lankan asylum seekers and prepared to screen them, fearing some belonged to the defeated and banned Tamil Tiger rebels. After days of tracking by Canadian and US authorities, the navy boarded the MV Sun Sea […]
Sri Lanka private investment mooted to free public money for social spending
Aug 13, 2010 (LBO) – Sri Lanka should consider more private investment in education and health in prosperous areas, freeing public money for investment in upgrading in social services in lagging regions, an official said. Anura Ekanayake, chairman of the Ceylon Chamber of Commerce, said there was a huge gap in the investments needed to […]
Sri Lanka selects HSBC, Bank of America, RBS for sovereign bond
Aug 12, 2010 (LBO) – Sri Lanka’s central bank has chosen Hongkong and Shanghai Banking Corporation (HSBC), Bank of America Merrill Lynch and the Royal Bank of Scotland (RBS) to handle a planned billion dollar sovereign bond issue. It said in a statement the three were selected as joint lead managers and bookrunners for the […]
Sri Lanka Treasuries yields continue to fall
Aug 12, 2010 (LBO) – Sri Lanka’s Treasury bill yields fell further at Wednesday’s auction with one year yields falling the most, the government debt office said. The 3-month yield fell 14 basis points to 7. 64 percent, while the 6-month yield was down 18 basis points to 8.30 and the 12-month yield was down […]
Sri Lankan stocks close down 0.86-pct
Aug 12, 2010 (LBO) – Sri Lankan stocks continued to slide Thursday, as retail investors with weak holding strength sold, while selected securities from Environmental Resources Investments group and some midcap shares rose, brokers said. The All Share Price Index closed at 5,034.85, down 0.86 percent (43.79 points) Thursday, while the Milanka index of more […]
Commercial Move
HAMBANTOTA, August 12, 2010 (AFP) – Sri Lanka is preparing to open the first phase of a China-funded, 1. 5-billion-dollar port project that has fuelled Indian concerns over strategic Chinese investment in South Asia. Sitting along the ancient “Silk Road” trading route and one of the world’s busiest shipping lanes, the Hambantota port is intended […]
Bus Business
Aug 12, 2010 (LBO) – Sri Lanka’s People’s Leasing Company has ordered 1,000 buses from India’s Ashok Leyland as post-war growth increases demand for passenger travel, a statement said. Ashok Leyland said in a Bombay Stock Exchange the 1,000-bus order from People’s Leasing in Sri Lanka was worth 26 million US dollars and partly funded […]