All Blogs
Tax Dispute
Sept 03, 2008 (LBO) – Sri Lankan ship owners say a recent Supreme Court decision has resolved a long-standing dispute they have had with customs over import tax on ships. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 According to the recent ruling, ships cannot be considered […]
Bunker Business
Sept 03, 2008 (LBO) – The Sri Lanka Ports Authority plans to take over the bunker fuel storage tank facility that belonged to John Keells Holdings (JKH) subsidiary Lanka Marine Services by September 10. Wickramasuriya said the port will run the tank farm and make it available for use by all licensed bunker suppliers. To […]
Finance Rating
Sept 03, 2008 (LBO) – Sri Lanka’s RAM Ratings says it has confirmed the ‘BBB’ national long term rating of Alliance Finance with a ‘stable’ outlook and also confirmed its ‘P2’ short term rating. “The ratings are supported by the company’s adequate asset quality and the resultant augmentation in its capital adequacy,” RAM Ratings said […]
Strong Region
Sept 03, 2008 (LBO) – Asia continued to do well amidst global financial turmoil and Sri Lanka and the Maldives are set to perform well, despite an expected slowdown, a top HSBC official said. In Sri Lanka the bank has also been providing aggressively and has also become more cautious in its credit card business, […]
LBR-LBO CIO forum
Sept 03, 2008 (LBO) – Retaining skilled information technology professionals is critical for Sri Lanka’s corporate sector when planning business continuity and disaster recovery, according to experts in the IT field. “IT is the backbone of retail systems.Hardware, technology or environmental issues would be a huge risk and would affect the continuity of the business,” […]
‘s prime minister escapes assassination attempt: official
ISLAMABAD, September 3, 2008 (AFP) – Pakistani Prime Minister Yousuf Raza Gilani escaped an assassination attempt after shots were fired at his vehicle Wednesday, his spokesman said. “By the grace of Allah the prime minister is safe,” Bashir said. “There was firing near the motorcade of the prime minister. Two bullets hit the window glass […]
Malaysia sends troops to protect ships in Gulf of Aden: report
KUALA LUMPUR, September 3, 2008 (AFP) – Malaysia has sent crack troops and navy ships to the Gulf of Aden after two of its vessels were seized by pirates last month, according to reports Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The comments by deputy […]
‘s Tata says seeks new sites for cheap car plant
NEW DELHI, September 3, 2008 (AFP) – India’s giant Tata Motors sought new sites Wednesday to make the world’s cheapest car after suspending work on its plant in eastern India in the face of huge farmer and political protests. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Tactical Release
SINGAPORE, September 3, 2008 (AFP) – Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. New York’s main contract, light sweet crude for October delivery, dropped 34 cents to 109.37 dollars a barrel, while Brent North […]
Sri Lanka looks for drug resistant bugs
Sept 04, 2008 (LBO) – Sri Lanka is starting a survey to find bugs that are resistant to antibiotics, and also standardize testing, a pharmaceuticals giant that is funding the project, said.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “Epidemiological information on resistance patterns is scarce in […]