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Sri Lanka Ceylon Glass new plant starts production
Dec 11, 2007 (LBO) – Ceylon Glass Company (CGC) has begun production at its new plant in Horana, south of the capital Colombo, which can meet Sri Lanka’s entire demand for glass containers and export as well. Ceylon Glass chief executive Sanjay Tiwari said the second production line would start next week and that they […]
ADB lends US$300mn to develop Indonesian capital markets
MANILA, Dec 11, 2007 (AFP) – Indonesia will borrow 300 million dollars from the Asian Development Bank to develop the country’s capital markets, the Philippines-based lender said Tuesday. The programme would promote transparency and information disclosure in capital markets, enabling market valuation of fixed-income instruments, an ADB statement said. Jakarta has undertaken financial sector reforms […]
” Briton charged with deception
LONDON, Dec 11, 2007 (AFP) – The wife of a man who resurfaced after being presumed dead for more than five years was set to appear in court on Tuesday charged with two counts of deception. Anne Darwin, a 55-year-old former doctor’s surgery receptionist, will appear in Hartlepool Magistrates Court, where her husband John, 57, […]
Jayawardene, Vandort frustrate England
COLOMBO, Dec 11, 2007 (AFP) – Sri Lankan captain Mahela Jayawardene and Michael Vandort put on 178 for the unbroken third wicket to keep England at bay in the second cricket Test here on Tuesday. Sri Lanka, replying to England’s first innings total of 351, emerged unscathed from the morning session on the third day […]
Maldives opposition push for interim govt. ahead of polls
COLOMBO December 11, 2007 (LBO) — Five Maldivian opposition parties Tuesday urged President Maumoon Abdul Gayoom to put in place an interim government ahead of the archipelago’s first multi-party polls next year, officials said. “We are urging the international community to support us, to support our cause for democratic reforms,” former Maldivian foreign minister Ahmed […]
Sri Lankan parliamentarians can be bought, says British envoy
Dec 11, 2007 (LBO) – Britain’s envoy in Sri Lanka has mocked the practice of a parliamentary committee to probe corruption dominated by government ministers, saying many lawmakers have been given positions to buy their loyalty. “It must be the only oversight committee in the world that consists mainly of ministers,” British High Commissioner Dominick […]
Britain puts Sri Lanka on notice over rights
Dec 10, 2007 (AFP) – Britain’s top envoy to Sri Lanka Monday asked the government to improve its human rights record and politically end the island’s drawn out Tamil separatist conflict or risk international sanctions. British High Commissioner (ambassador) Dominick Chilcott said the UK had a direct interest in ending the conflict in its former […]
Sri Lanka fills vacancy in rate-setting monetary board
Dec 11, 2007 (LBO) – Sri Lanka has appointed Manohari Ramanathan, an attorney-at-law to fill a vacancy in the governing body on the country’s monetary authority which also sets interest rates. .Updated The Central Bank of Sri Lanka said Ramanathan’s appointment will take effect from December 06, 2007. She had joined the Legal Draftsman’s Department […]
Sri Lanka rupee volatile against greenback Monday
Dec 10, 2007 (LBO) – The Sri Lanka rupee came down from early highs of 108.10/20 against the greenback to lows of 109.50 in spot trade Monday showing unusual intra-day volatility, dealers said. Sri Lanka’s forex markets are not used to high levels of volatility as the Central Bank plays a market maker role to […]
Singapore to invest almost 10 billion dollars in troubled UBS
SINGAPORE, Dec 10, 2007 (AFP) – The Singapore government’s investment arm announced Monday that it will inject almost 10 billion US dollars into Swiss bank UBS, its largest ever investment in a company.The Government of Singapore Investment Corporation (GIC) said it would inject 11 billion Swiss francs (9.74 billion US dollars) into UBS, which on […]