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Privacy Regime
Jan 28, 2008 (LBO) – Developing countries should first enlighten state officials and citizens on privacy to implement a privacy regime that helps develop e-commerce and international trade, experts say. A privacy regime is a mechanism that is in place to protect personal information which is stored or transferred into and out of a country. […]
Profit vs Growth
January 28, 2008 (LBO) – Investors in telecommunications stocks in emerging markets like Sri Lanka are more concerned with business growth and cash flows instead of reaping dividends, the head of the island’s top celco said. . “Investors in stock markets, in telco shares, in ICT stocks look at cash flows,” said Hans Wijayasuriya, chief […]
Sri Lankan Airlines aims for shorter transit times
Jan 28, 2008 (LBO) – Sri Lankan Airlines, the island’s national carrier, has steadily increased the number of passengers in transit to 46 percent from 28 percent in 2003/04 in an attempt to make Colombo a hub for air travel, a statement by the carrier said. According to Sri Lankan, it has recorded a steady […]
‘s northern military base; troops retaliate: military
Jan 28, 2008 (AFP) – Tamil Tiger rebels Monday shelled Sri Lanka’s main military base in the island’s north, defence officials said.There were no immediate reports of casualties. More than a dozen shells hit the Palaly military complex in the Jaffna peninsula on the northern edge of the Indian Ocean Island, officials said, adding that […]
Plane hits speeding calf
JAKARTA, Jan 28, 2008 (AFP) – An airliner with 141 passengers hit a calf while landing at an airport in Indonesia’s easternmost province of Papua, the state Antara news agency reported Monday.The Merpati Nusantara Airlines Boeing 737 was landing at Merauke airport in southwest Papua when the calf ran across the runway, the agency said. […]
SG says rogue trader had fictitious counterparties; lawyers protest innocence
PARIS, Jan 27, 2008 (AFP) – French investigators on Sunday extended the detention of accused rogue trader Jerome Kerviel over a seven-billion-dollar fraud as Societe Generale revealed he had been gambling with more than 73 billion dollars in deals when caught.“What happened at Societe Generale is certainly not a disaster that resulted from our strategy. […]
‘s future?
Jan 28, 2008 (LBO) – At a conference organized by the Sri Lanka Institute of Marketing, an interesting question came from the audience: what would be the most globally competitive sectors of the Sri Lanka economy in ten years? The top sector that most of the panellists agreed on was agriculture, though one panellist did raise […]
Sri Lanka risks credit downgrade from US fallout: S&P
Jan 28, 2008 (LBO) – Sri Lanka is at risk of a credit downgrade from a recession in the United States, especially if domestic policies become more expansionary, the ratings agency Standard and Poor’s (S&P) said. Sri Lanka has a B+ rating with a ‘stable’ outlook. “Sri Lanka would face the global slowdown from a […]
US presidential hopeful Ron Paul slams stimulus package, Fed rate cuts: report
Jan 27, 2008 (LBO) – Republican presidential hopeful Ron Paul has slammed a US economic stimulus package based on tax-refunds and called for fiscal prudence and less Federal Reserve money printing, which caused the current turmoil in the first place. . Related video: Ron Paul taking on Fed Chairman Ben Bernanke. Paul says the actual […]
Market turmoil fuels new gold rush as paper money inflation comes to fore
SYDNEY, Jan 27, 2008 (AFP) – Turbulence on world stock markets has fuelled a new gold rush, sending high-tech traders in search of the same “barbaric” treasure mankind has lusted after for millennia. It was British economist John Maynard Keynes who called gold a “barbaric relic” early last century, but modern investors are showing the […]