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Not Resident
Dec 20, 2007 (LBO) – Sri Lanka’s immigration authorities have informed Sri Lankan airlines Thursday, that its chief executive Peter Hill’s resident visa has been cancelled, an official said. Hill had started his carrier as a trainee at British Airways forerunner British Overseas Airline Corporation in 1961. Hill, a Briton, was appointed by Emirates airlines, […]
Sri Lankan Airlines okayed to train techies by EU
Dec 20, 2007 (LBO) – The aviation safety agency of the European Union has certified Sri Lankan Airlines to train maintenance technicians, the airline said Thursday. “SriLankan Airlines is now one of the few companies in Asia to receive the globally recognized EASA 147 certification from the European Aviation Safety Agency, to provide training in […]
‘s Deccan and Kingfisher airlines to merge
BANGALORE, India, Dec 20, 2007 (AFP) – India’s biggest discount carrier, Deccan, will merge with liquor baron Vijay Mallya’s upmarket Kingfisher Airlines to create the nation’s biggest domestic airline, officials said.The firm formed by the merger next year will keep the name Kingfisher, the flagship beer brand of Mallya’s UB Group, officials from the two […]
” but severely undervalued
WASHINGTON, Dec 20, 2007 (AFP) – The US government declined to name China a currency “manipulator” but said in a report Wednesday that the Chinese yuan remains severely undervalued against the dollar.The Treasury, in a semiannual report to Congress, maintained its position that China should quicken its pace of economic reforms that would help lift […]
Sri Lanka declare at 499-8 in final England Test
GALLE, Sri Lanka, Dec 20, 2007 (AFP) – Skipper Mahela Jayawardene hit an unbeaten 213 as Sri Lanka declared their first innings at 499-8 before lunch on the third day of the final cricket Test against England here on Thursday.Sri Lanka, who lead the three-match series 1-0, have eight sessions to force a 2-0 scoreline […]
Sri Lanka has chance for political settlement now: US Ambassador
Dec 20, 2007 (LBO) – One of the best ways to combat poverty and inequality in Sri Lanka is to complete the all party process and the government has been given that opportunity with the passing of the budget, the United States envoy in Colombo said. Completing All Party Representatives Committee (APRC) will also lay […]
Northern Hunt
Dec 20, 2007 (LBO) – Sri Lanka plans to invite oil companies to explore for petroleum deposits in new areas in the north of the island, a senior minister said, where Tamil Tiger rebels are active. The petroleum ministry has been given the government nod to kick off exploration in the Sri Lankan side of […]
Air Battle
Dec 19, 2007 (LBO) – Sri Lanka has decided to revoke the work permit of SriLankan Airlines chief executive Peter Hill, an official said.The Board of Investment chief Dhammika Perera said the action was taken was in the public interest after a request from the airline’s main shareholder was turned down. A government spokesman said […]
Sri Lanka urged to go for a deposit insurance scheme
Dec 19, 2007 (LBO) – Sri Lanka should introduce a compulsory deposit insurance scheme to strengthen the banking system and provide a public safety net, the International Monetary Fund has said. “The existing voluntary scheme is not used, and the fact that the one bank to have failed in the past few decades had been […]
Sri Lanka power utility looks for savings, amidst political bungling
Dec 19, 2007 (LBO) – Sri Lanka’s state power utility is launching a public campaign to conserve power as it is faced with rising generation costs and controlled tariffs that are driving it towards record losses, officials said. Years of political interference, which delayed the construction of coal plants, has meant that the Ceylon Electricity […]