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Kuwait gives illegal expats six-week amnesty
KUWAIT CITY, Sept 02, 2008 (AFP) – Kuwait has granted illegal foreign residents a six-week amnesty to legalise their status or leave the oil-rich emirate without paying a fine. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 In a decree cited by the official KUNA […]
Sri Lanka to sell US dollar bonds
Sept 01, 2008 (LBI) – Sri Lanka will sell 70 million dollars of 2-year bonds which pays interest every six months, on an auction basis for which subscriptions will open on September 08, the government’s debt office said. A 70 million US dollar ‘Sri Lanka Development Bond’ tranche is maturing on September 22, which will […]
Sri Lanka shares becalmed, investors chase Bogala Graphite
Sept 01, 2008 (LBO) – Sri Lankan shares ended hardly changed Monday with retail investors who had been playing with property stocks turning their attention to Bogala Graphite, diving its price up sharply, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Land Use
Sept 01, 2008 (LBO) – Colombo port could reclaim land in shallow waters near the Sri Lankan capital city for industry and move containers by rail to avoid congestion as it expands the harbour, an expert says.The government has started building or plans several new roads to connect Colombo to other big towns as well […]
Changing Guard
Sept 01, 2008 (LBO) – A former senior general manager of Commercial Bank of Ceylon, Harris Premaratne will head Sampath Bank, with the retirement of the current chief executive, the firm said in a stock exchange filing. Current chief executive Anil Amarasuriya will continue till December 2008 with Premaratne assuming duties as chief executive officer […]
Re-branded Sri Lanka Hemas tour unit eyes Maldives after Diethelm tie
Sept 01, 2008 (LBO) – Sri Lanka’s Hemas group says its tour operating unit will be more active in the Maldives after a tie-up with Zurich based Diethelm Travel Group (DTH). Hemtours says it has been in business for more than 30 years. DTH is a subsidiary of Diethelm Keller Holdings, headquartered in Zurich, a […]
Money Transfer
Sept 01, 2008 (LBO) – Sri Lanka’s Commercial Bank, in a bid to raise awareness on its MoneyGram fund transfer method, plans to give away air tickets to its customers, the bank said in a statement. Two return air tickets to Mumbai will be available for MoneyGram customers of the Commercial Bank of Ceylon with […]
Appeal
Sep 01, 2008 (LBO) – The man who acted as translator for a condemned Sri Lankan teenaged girl in a Saudi court was not a native Tamil speaker, her lawyer told court in an appeal hearing, a media report said. She had been 17 at the time she went to work as a house maid […]
Tele Conference
Sep 01, 2008 (LBO) – Sri Lanka would be hosting the Asia Pacific conference on digital mobile telecommunications from September 07, which celebrates 21 years of Global System for Mobile communications (GSM) standard, Dialog Telekom said. The 20th GSM Asia Pacific Conference of the GSM Association is titled ‘Beyond 21’ “The conference aims to draw […]
‘s EU GSP benefits could to be renewed: trade law expert
Sept 1, 2008 (LBO) – The European Union (EU) could renew Sri Lanka’s GSP+ trade concessions but then put pressure on the government to improve its human rights record, a US trade law expert said Monday. Access to European markets is also important at a time when exports to the US are slowing down. “I’d […]