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On Track
Aug 28, 2008 (LBO) – Sri Lanka’s long-neglected railway system is a useful complement to roads and could take bulk freight transport off the roads, reducing traffic jams, a senior official said. However, he said, to make the best use of rail, railway station stations should be set up in a manner that suits the […]
Costly Interest
Aug 28, 2008 (LBO) – Sri Lanka’s National Development Bank (NDB) group net profit for the June 2008 quarter fell 35 percent to 363.5 million rupees, interim accounts filed with the Colombo Stock Exchange showed. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Revenue grew 14 percent […]
Telecom Icon
Aug 28, 2008 (LBO) – Sri Lanka will build a state-sponsored 250 metre tall common broadcast tower for television, radio and telecom firms, information minister Anura Yapa said.All telecom operators would be allowed to use it for a fee. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Soft Connection
Aug 28, 2008 (LBO) – Microsoft is training Sri Lankan migrant workers in information technology skills to improve their employability and keep in touch with their families at low cost, the IT giant’s Sri Lanka office said.Microsoft says its five day IT training course is also expected to become a compulsory addition to a two-week […]
Sri Lanka business leader says trade barriers still hamper regional integration
Aug 28, 2008 (LBO) – South Asian nations should lower trade barriers to make a regional economic co-operation work and deliver the promised benefits to the region’s people, a Sri Lankan business leader said Thursday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Regional integration is the […]
Sri Lanka appeals to Tamils to flee to govt territory
August 28, 2008 (AFP) – Sri Lanka on Thursday appealed to minority ethnic Tamil civilians living in the line of fire in rebel-held towns to move to areas under government control, saying it would guarantee them safe passage. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Defence […]
Dubai port operator profits more than double in H1
DUBAI, August 28, 2008 (AFP) – Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The world’s […]
ASEAN concludes free trade deal with India: ministers
SINGAPORE, August 28, 2008 (AFP) – Southeast Asian nations have concluded a deal for free trade in goods with India, ministers said Thursday, in a development hailed as a key regional milestone after hard negotiations. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The agreement between the […]
‘s Reliance chief says anti-Nano protests may hurt business
MUMBAI, August 28, 2008 (AFP) – India’s most powerful businessman Mukesh Ambani has condemned protests against a plant building the world’s cheapest car, saying they hurt the country’s ability to attract needed investment. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Ambani, chairman of giant Reliance Industries […]
‘s India
August 27, 2008 (AFP) – India survived Sanath Jayasuriya’s explosive half-century to clinch the series against Sri Lanka with a 46-run victory in the fourth one-day international here on Wednesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 India restricted the hosts to 212 under lights after […]