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Low Tones
Feb 18, 2008 (LBO) – Sri Lanka’s Dialog Telekom group December quarter profits fell 35 percent despite revenue climbing 26 percent as losses from its pay TV business and thinner margins on mobile operations took their toll. Group net profits fell to 1.6 billion rupees from 2.5 billion in the December quarter on revenues of […]
Tele Outlook
Feb 18, 2008 (LBO) – Standard & Poor’s said it had cut the outlook on Sri Lanka Telecom (SLT), the island’s largest fixed operator, to ‘negative’ from stable after the country’s sovereign outlook was lowered last week. “SLT continues to benefit from modest debt and positive free cash flow generation from its core businesses,” S&P […]
Sri Lanka glove exporter enters Indian market: report
Feb 18, 2008 (LBO) – Sri Lanka’s rubber gloves exporter Dipped Products Ltd. (DPL) has announced plans to enter the Indian market in partnership with Delhi-based import firm Optimum Marketing Metrics (OMM), news reports said Monday. The company, a unit of the Hayleys conglomerate, hopes to sell industrial and household gloves through big retail chains. […]
”, Australia backs Kosovo split
PARIS, Feb 18, 2008 (AFP) – Australia on Monday became the lastest nation to welcome Kosovo’s declaration of independence, joining the United States and several European powers, despite fierce objections from Serbia and Russia.Ethnic Albanians account for around 25 percent of Macedonia’s two-million population.In 2001, the government and ethnic Albanian rebels waged a brief fight […]
EU divided over Kosovo independence, Russia opposes
MOSCOW, Feb 17, 2008 (AFP) – Russia angrily condemned Kosovo’s declaration of independence on Sunday and while many major powers are expected to recognise the fledgling state, even the European Union is divided. The foreign ministry said it “could set an unmanageable precedent in the conduct of international relations, the established global order of sovereign […]
‘s electricity pricing: slab or low-user?
Feb 18, 2008 (LBO) – The rather unusual step taken by the CEB to actually follow the law and make available for comment its proposed tariff has stirred up significant interest. This short contribution will not address all the issues pertaining to the tariff revision, but simply seeks to shed some light on one key proposal: […]
Sri Lanka tv newsman stalked by mystery gang, says watchdog
Feb 18, 2008 (LBO) – Sri Lankan journalists who expose government corruption are being subject to harassment and intimidation, the Free Media Movement said. The latest incident was an attempt to intimidate Susil Kedelpitiya, the news director of the popular Sinhala TV channel Sirasa, it said in a statement. Kedelpitiya has complained to police that […]
Weekend battles kill 51 in Sri Lanka: defence ministry
Feb 18, 2008 (AFP) – Heavy fighting raged in northern Sri Lanka on Monday, the defence ministry said, reporting that 49 Tamil Tiger rebels and two soldiers were killed in weekend battles. Fresh clashes erupted along the frontlines in the north of the country on Monday, the ministry said, after a surge of violence on […]
Sri Lanka says Kosovo independence a threat to world peace
COLOMBO, Feb 17, 2008 (AFP) – Sri Lanka said Sunday that Kosovo’s declaration of independence from Serbia could set an “unmanageable precedent” and threaten world peace. The Sri Lankan government, which is battling separatist Tamil Tiger rebels, reacted swiftly against Kosovo’s independence, which it said was a violation of the United Nations charter. “This action […]
Germany reels over fat cat tax probe
BERLIN, Feb 17, 2008 (AFP) – Germany braced Sunday for more fallout from the worst tax evasion scandal in its history, exposed by a mysterious informant who reportedly took a five-million-euro award and now says he fears for his life.The German government said it paid the unnamed whistle-blower to hand over Liechtenstein bank details on […]