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British bank Northern Rock looking for suitors after defeating rebel shareholders
LONDON, Jan 15, 2008 (AFP) – Northern Rock, the British bank almost sunk by the global credit crunch, on Tuesday defeated most of the plans by rebel shareholders to limit management’s ability to sell the group without consulting investors. However, the Financial Times on Tuesday reported that Brown would not be forced into making a […]
Sri Lanka terror attacks on civilians condemned
Jan 16, 2008 (LBO) – Tamil Tiger attacks which killed at least 28 civilians in south-eastern Sri Lanka Wednesday were condemned by the government as well as the United States. Sri Lankan President Mahinda Rajapaksa, in a statement, condemned the attacks and called on the people to be vigilant “in the face of provocation by […]
Sri Lanka Tigers kill 26 civilians in bus attack
Jan 16, 2007 (LBO) – A roadside bomb killed 26 people traveling in a bus in southeastern Sri Lanka while three soldiers were injured from a second bomb targeting a military vehicle Wednesday as a truce with Tamil Tigers officially ended, police said Civilians wounded in the attack on the bus which was packed with […]
Sri Lanka bus bombing kills at least 20
Jan 16, 2008 (AFP) – Twenty people were killed and many others injured Wednesday in a suspected Tamil Tiger bomb attack on a crowded bus in southwest Sri Lanka, as a ceasefire with the Tigers officially drew to a close, officials said.“At least 20 people have been killed and several are injured.It was a state-run […]
Sri Lanka passenger bus caught in blast: military
Jan 16, 2007 (LBO) — A public passenger bus has been caught in a blast Wednesday morning in Sri Lanka’s Moneragala district, the defence ministry said as a ceasefire with the Tamil Tigers officially drew to a close.A ceasefire with the Tamil Tigers struck in 2002 officially ends today after the Sri Lanka gave notice […]
Hi Tech
Jan 16, 2008 (LBO) — Sri Lanka’s downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian Oil Corporation, officials said.The 350 million Sri Lanka rupee project will see Ceylon Petroleum Storage Terminals Ltd (CPSTL), a common user facility, running the software, with Ceylon Petroleum Corporation (CPC) […]
Sri Lanka trade gap up in November
Jan 16, 2007 (LBO) — Sri Lanka’s trade gap widened 66 percent in November 2007 to 418 million dollars as exports dipped, but the deficit for the first 11 months was flat, the Central Bank said. Exports in November fell 5.1 percent with industrial exports dipping 13.8 percent. “This decline in export earnings could be […]
At Sea
Jan 15, 2008 (LBO) – A week-long campaign by the International Transport Workers’ Federation (ITF) in Colombo and ports in the sub-continent has helped seafarers win better pay and working conditions, the organisation said. “Despite this nine vessels were inspected and when the team was denied access to the Queen Arrow 1, some 40 activists […]
Sri Lankan hotels in bid to raise earnings despite tourism downturn
Jan 15, 2008 (LBO) – Sri Lankan city hotels have announced plans to impose tough rules to raise standards and deliver a better service to tourists with the aim of earning more money after a recent rate hike. “The tourists go to a hotel with an expectation and it (hotel) is doomed if he sees […]
Way Open
SYDNEY, Jan 15, 2008 (AFP) – Nauru authorities have dropped sexual assault charges against six Sri Lankan asylum seekers, paving the way for their claims to be processed, Australian immigration officials said Tuesday. The six are among the last asylum seekers held in an Australian immigration detention centre on the Pacific island which Australian Prime […]