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Eureka First
April 09, 2008 (LBO) – Eureka Technology partners says it has become the first Sri Lankan firm to receive ISO 20000 certification.Eureka is an IT services firm providing information technology services to firms. The company says even India has only a handful of certified providers despite having a large number of IT service providers based […]
Sri Lanka police arrest four suspects with explosives
April 9, 2008 (AFP) – Sri Lanka’s police arrested four people and seized a large quantity of explosives that could have been used in a suicide bombing, officials said Wednesday.Investigators found about 50 kilogrammes (110 pounds) of plastic explosives and grenades in a location in central Kandy district on Tuesday, a police official said. “There […]
Elite Sri Lankan commandos kill three troops in mishap: police
April 8, 2008 (AFP) – Sri Lanka’s elite police commandos shot dead at least two soldiers and a civilian in a case of mistaken identity during a search in the restive east of the island, police said.The Special Task Force commandos opened fire at a group of men they believed were members of the Tamil […]
Sri Lanka exporters warned to cope, if GSP+ is lost
April 09, 2008 (LBO) – Sri Lanka is making every effort to extend European Union trade concessions but local producers should also find ways to increase exports without the tariff benefit known as GSP+, officials said. “To get tariff benefits we will do everything we can do, but we will not give away sovereignty,” Sri […]
‘ earnings
DUBAI, April 9, 2008 (AFP) – Foreign workers making up the bulk of the labour force in the robust Gulf economies are feeling the crunch of rocketing prices and weak currencies with some even asking why stay at all.“A segment of workers is considering leaving, particularly those from countries that are seeing strong economic growth,” […]
Pound falls to historic low against euro
LONDON, April 9, 2008 (AFP) – The pound fell to a historic low point against the euro in early trading on Wednesday as the Bank of England prepared to begin a meeting at which it was expected to cut interest rates.The pound dropped to an all-time low of 1.25 euros shortly after 0700 GMT. It […]
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WASHINGTON, April 8, 2008 (AFP) – Federal Reserve staff predict the US economy will contract in the first half of 2008 amid worsening housing market and credit woes, minutes from a central bank meeting revealed Tuesday.Such a downturn would be defined as a recession by most economists.Moreover, some policymakers at the central bank see the […]
US mortgage crisis may cost 945 bln dlrs worldwide: IMF
WASHINGTON, April 8, 2008 (AFP) – The International Monetary Fund said Tuesday the worldwide losses stemming from the US subprime mortgage crisis could hit 945 billion dollars as the impact spreads in the global economy. The IMF, in a particularly stark report, said that falling US housing prices and rising delinquencies on the residential mortgage […]
Sri Lanka blood youngsters in ODI series against Windies
PORT OF SPAIN, Trinidad, April 9, 2008 (AFP) – Sri Lanka will use the three-match one-day international series against West Indies which opens here on Thursday to kick-start their preparations for the 2011 World Cup.Sri Lanka have made sweeping changes to the squad which drew the preceding two-Test series 1-1 with their hosts, and seven […]
Sri Lanka says 93 troops killed in March
April 9, 2008 (AFP) – At least 93 Sri Lankan soldiers were killed and another 686 injured during clashes with Tamil Tiger rebels last month, the prime minister told parliament Wednesday. Premier Ratnasiri Wickremanayake, in a statement to the 225-member national legislature, said 38 civilians were killed and another 21 wounded in March. “The number […]