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Piracy Battle
Aug 21, 2008 (LBO) – Business Software Alliance (BSA) has appointed an attorney-at-law to support action against piracy in the software market in Sri Lanka, where nine out of ten programmes are unlicensed. The world wide rate for piracy is lesser at 38 percent or 47 billion dollars, Chan said. “The BSA anti piracy campaign […]
Asian electronics sector holding up: analysts
SINGAPORE, August 21, 2008 (AFP) – Asia’s electronics manufacturing sector is holding up, despite a slowing global economy, because of sustained demand from Brazil, Russia, India and China, analysts said Thursday.The need for newer technology to put into cars, mobile phones and flat screen television panels should help drive demand for increasingly sophisticated electronics chips, […]
Overseas Bangladeshis to send nine bln dollars home this year
DHAKA, August 21, 2008 (AFP) – Bangladeshis abroad will pump close to nine billion dollars back into the nation’s economy this year, the foreign minister said Thursday, but warned migrant workers they were at risk of human trafficking.Itekhar Ahmed said that since January, migrant workers had sent 6.5 billion dollars back to Bangladesh, and the […]
Oil prices above US$114 traders mull lower gasoline stocks
NEW YORK, August 20, 2008 (AFP) – Oil prices rose on Wednesday after a sharp spike the previous day as traders nervously mulled a larger-than-expected decline in US gasoline stocks. Prices closed higher in edgy trade, wiping out declines experienced earlier in the day, as traders assessed a weekly US inventory report for clues on […]
‘s Qantas reports record profit
SYDNEY, August 21, 2008 (AFP) – Australia’s national airline Qantas Thursday reported a 44 percent increase in annual net profit to a record 969 million dollars (842.6 million US dollars). Revenue for the year ended June 30 rose 7.5 percent to 16.19 billion dollars after Qantas carried 38.6 million passengers, up 6.0 percent, the company […]
Sri Lanka CB governor says South Asian policy making improving
Aug 21, 2008 (LBO) – Economic policies in South Asia are improving and people are taking ownership for policymaking and are no longer driven by multilateral institutions, Sri Lanka’s central bank governor Nivard Cabraal said.“We are now taking ownership of our own destinies,” Cabraal said at the opening of a regional symposium of senior central […]
Casualty
Aug 20, 2008 (LBO) – A cargo vessel owned by Sri Lanka’s Vallibel group sank off the Bangladeshi port of Chittagong Wednesday after colliding with a tanker, shipping and company officials said. The Vallibel group of businessman Dhammika Perera owns a few merchant ships. The crew of Sri Lankan and Burmese was rescued, they said, […]
Free Tests
Aug 20, 2008 (LBO) – Brown & Company and its associate Klevenberg have launched a campaign to conduct free mobile emission tests on vehicles in parts of Sri Lanka, the company said in a statement. Klevenberg is the sole agent for Lucas batteries in Sri Lanka. It is also the sole agent for brands such […]
Tight Margins
Aug 20, 20078 (LBO) – Sri Lanka’s Seylan Bank’s net profits for the quarter ended June 2008 has fallen 32-pct to 309.6 million rupees on tighter margins, interim accounts filed with the Colombo Stock Exchange showed. Total deposits were up 3.85 percent to 117.6 billion rupees. Group assets grew 3.3 percent to 162.4 billion rupees […]
Slow Mobile
Aug 20, 2008 (LBO) – The Sri Lanka unit of Hong Kong-based Hutchison Telecom says its mobile subscribers in the island will drop after correcting an “overstatement” and tighter government registration rules in 2008. Revenue in the six months to June had risen 3.5 percent to 89 million Hong Kong dollars from 86 million dollars […]