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Small Finance
Nov 28, 2007 (LBO) – Fitch Ratings Lanka has assigned a ‘B+(lka)’ National Long-term rating to Sri Lanka’s Vallibel Finance Ltd. (VFL) with a stable outlook. VFL, a small registered finance company with a single office in Colombo, has managed to improve growth and shift to more profitable businesses since it was acquired by Dhammika […]
Sri Lanka to raise milch cows on grazing land freed from Tigers
Nov 29, 2007 (LBO) – Sri Lanka is trying to make use of grazing lands freed from the grip of Tamil Tiger rebels in the island’s east to increase domestic fresh milk production. . The initiative would help meet domestic demand and reduce imports at a time when global milk prices have doubled owing to […]
Political Wages
Nov 29, 2007 (LBO) – Sri Lanka’s large tea plantations have slammed state interference in wages that saw unions effectively egged onto breaking a legal wage deal and plantations firms forced into a new agreement. The Planters Association (PA), an industry body representing tea farms said the companies “were literally forced to accept the government […]
Japan looks at everyday use of robots
TOKYO, Nov 29, 2007 (AFP) – Japan, which has taken the lead in developing a generation of high-tech if quirky robots, is now getting down to reality by looking at what humanoids can actually do for people.Some 200 companies and more than 50 organisations from Japan and abroad are taking part in the 2007 International […]
Sri Lanka Tests on despite blasts, England says
KANDY, Sri Lanka, Nov 29, 2007 (AFP) – England’s cricket test series in Sri Lanka will go ahead despite two deadly bomb attacks blamed on Tamil Tiger rebels that killed at least 19 people, officials said Thursday.The British High Commission (embassy) told team management, preparing for Saturday’s first Test in Kandy, the travel advisory warning […]
Sri Lanka terror blasts condemned by EU
Nov 29, 2007 (LBO) – The European Union Thursday said it condemns the terrorist attacks in the Sri Lankan capital Colombo in which at least 18 people were killed. . But an EU statement released by the British High Commission did not name the perpetrators of the attacks whom the island government has identified as […]
Security clampdown in Sri Lanka capital after deadly blasts: police
Nov 29, 2007 (AFP) – Sri Lankan forces threw a security blanket over the capital Colombo on Thursday and appealed for extra public vigilance a day after twin bomb attacks left 19 people dead and 45 injured, police said.“There is a general security alert across Colombo,” police spokesman Jayantha Wickremaratna said. Officials have blamed the […]
UN chief slams Sri Lanka attacks
UNITED NATIONS, Nov 28, 2007 (AFP) – UN chief Ban Ki-moon on Wednesday condemned the latest suicide bombing in Sri Lanka and called for an end to the violence, his press office said in a statement.Officials blamed both attacks on Tamil Tiger rebels, who have been fighting for an independent Tamil homeland for 35 years, […]
”: report
TOKYO, Nov 29, 2007 (AFP) – Sri Lankan President Mahinda Rajapakse has vowed to “wipe out terrorists” amid fears of a return to all-out war with the Tamil Tiger rebels, a newspaper said Thursday.“We put pressure on the group to give up its arms and enter the political mainstream. Terrorists must be wiped out from […]
Sri Lanka should print less money and budget better: IMF
Nov 29, 2007 (LBO) – The International Monetary Fund (IMF) has asked Sri Lanka to print less money and have better budgets to prevent balance of payments problems and high inflation, after its annual discussions with the island. IMF’s executive board assessing Sri Lanka in the annual Article IV consultations with the island said recent […]