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Good Behaviour
June 16, 2008 (LBO) – Sri Lanka’s Central Bank said it has prepared a draft code of corporate governance for registered finance companies, based on the directions issued to licensed banks, that will come into effect from January 2009. It said in a statement that the draft took into consideration the views expressed by the […]
Sri Lanka professionals call for policy reform in agriculture
June 16, 2008 (LBO) – Sri Lanka must have a clear cut agriculture policy, especially for paddy, without resorting to short term solutions, if the country is to tackle the approaching food security issues, agriculture professionals said. “We have been having ad hoc approaches to food security and food policy,” said Nimal Ranaweera, a former […]
Motorcycle suicide bomber kills 12 police in Sri Lanka: officials
COLOMBO, June 16, 2008 (AFP) – A suspected Tamil Tiger rebel detonated explosives on his motorcycle outside a police station in northern Sri Lanka Monday, killing at least 12 officers and wounding 40 others, officials said. The blast occurred during morning rush hour directly in front of the police building in Vavuniya town, 258 kilometres […]
Sri Lanka suicide bombing kills nine: police
June 16, 2008 (AFP) – At least nine people were killed and 40 wounded Monday in a suicide bombing at a police office in northern Sri Lanka, officials said.Police said the area was sealed off as victims were being rushed to hospital. Vavuniya borders Tamil rebel-held territory further north of the island.The suicide bomber detonated […]
Sri Lanka suicide bombing kills five: police
June 16, 2008 (AFP) – A suspected Tamil Tiger rebel detonated explosives carried on his motorcycle in northern Sri Lanka Monday, killing at least five people and wounded many more, police said.Vavuniya borders Tamil rebel-held territory further north of the island.The suicide bomber staged the attack directly in front of a police administration office in […]
Sri Lanka exports up on commodity boom
June 16, 2008 (LBO) – Sri Lanka’s exports grew 14.7 percent helped by strong prices for tea, while apparel exports grew by a slow 5.3 percent and the trade deficit expanded 92 percent on higher oil and capital goods imports, official data showed. The Central Bank said April export earnings increased 14.7 percent to 610 […]
Britain warns of high attack risk in UAE
DUBAI, June 16, 2008 (AFP) – Britain has warned of a high risk of a terror attack in the United Arab Emirates, the booming oil-rich Gulf state and regional economic and tourst hub that is home to several million foreigners.“There is a high threat from terrorism.We believe terrorists may be planning to carry out attacks […]
Samsung unveils touch-screen smart phone
SINGAPORE, June 16, 2008 (AFP) – South Korea’s Samsung on Monday unveiled its latest smart phone, a touch-screen model to be commercially launched in Southeast Asia this week.The Omnia, which means “everything” in Latin, comes with a five megapixel built-in camera, 3.2-inch (eight-centimetre) screen as well as video functions, the company said. With its touch-sensitive […]
‘ review system
NEW DELHI, June 16, 2008 (AFP) – An experimental rule allowing players to seek a second opinion on umpiring decisions will be put on trial during India’s upcoming series in Sri Lanka, officials said on Monday. The rule says a batsman or fielding captain may request the review of any decision taken by on-field umpires […]
Sri Lankan tea pluckers not reaping benefits: study
June 15, 2008 (LBO) – Sri Lanka’s tea estate community, which plucked the leaf that kept the economy afloat for more than a century, has not reaped the benefits of the trade, says a new study on the link between trade and poverty. “The estate sector in Sri Lanka is a prime example of trade […]