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Long Voyage
Jan 23, 2009 (LBO) – Sri Lanka’s Galle port is sprucing itself up with a new yacht marina in a bid to attract the high-spending sailors who sail past the island’s south coast on their round-the-world voyages. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “The facilities […]
Liquidity
Jan 23, 2009 (LBO) – Sri Lankan registered finance company sector (RFC) which has been shaken by recent collapses of unregulated institutions should be able to overcome liquidity problems, a rating agency has said. RAM Ratings say that the collapse of Sakvithi and Golden Key, two unregulated firms had affected public confidence. “So much so […]
Sri Lanka tea prices on the upswing
Jan 23, 2009 (LBO) – Prices of tea, Sri Lanka’s main export commodity, rose again at this week’s Colombo auction on strong demand from traditional markets like Russia and the Middle East. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Brokers said there was good demand for […]
Legal Meet
Jan 23, 2009 (LBO) – Sri Lanka’s lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of information technology (ICT), its organizers said. Intellectual Property and Information Technology (IT), Legal issues arising out of outsourcing software development contracts, Telecommunication and legal implication on Mobile […]
Tech Battle
WASHINGTON, January 23, 2009 (AFP) – Barack Obama celebrated the first triumph of his presidency on Thursday, revealing he will get to keep his beloved BlackBerry.“I have won the fight but I don’t think it is up and running yet,” Obama said, during an impromptu visit to the White House briefing room. At a time […]
Sri Lankan army says Tamil Tigers close to losing firepower
January 23, 2009 (AFP) – Sri Lankan troops have advanced to a key area held by Tamil Tigers and are on the verge of destroying the rebels’ artillery, a military official said Friday.Soldiers were on the verge of taking the village of Visuamadu in the district of Mullaittivu, where Tamil Tiger rebels have been forced […]
Lubanga trial will open eyes to child soldiers: ICC prosecutor – Interview
THE HAGUE, January 23, 2009 (AFP) – Prosecutor Luis Moreno-Ocampo hopes to alert the world to the plight of child soldiers when he finally faces Congolese militiaman Thomas Lubanga next week at the International Criminal Court’s first-ever trial.“This case is about how serious it is to enlist hundreds of children and transform them into killers,” […]
Sri Lanka apparel exporters look East as Western markets slow down
Jan 23, 2009 (LBO) – Sri Lankan apparel exporters are looking for new markets like India, China and Japan as demand slows down in established markets where recession has begun to bite, an industry official said. Ajith Dias, chairman, Joint Apparel Association Forum, said they want to market high value garments in India with a […]
Sri Lanka newspaper editor assaulted
Jan 23, 2009 (LBO) – An editor of a Sri Lankan weekly newspaper and his wife had been have been assaulted, a staff member said, weeks after an editor of a newspaper critical of the government had been gunned down. Noyahr then left the country. The ownership of the newspaper firm then changed hands. The […]
Airing Deal
January 22, 2009 (LBO) — Nimbus Sports International on Wednesday said it bagged the worldwide rights to broadcast India’s upcoming cricket tour of Sri Lanka. Nimbus bags rights for Sri Lanka Cricket India last toured Sri Lanka in July-August last year, losing the Tests 2-1 before winning the one day series 3-2. Sri Lanka Cricket, […]