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Digital Learning
Dec 04, 2007 (LBO) – A Sri Lankan e-learning initiative for rural students is seeking corporate sector support to expand and cover 400 computer centers around the island, its designers said. The Shilpa Sayura project initiated by eFusion, a local software company, is a learning tool for rural students who do not have the necessary […]
EU, IMF see darker outlook for eurozone growth in 2008
BRUSSELS, Dec 3, 2007 (AFP) – Growth in the 13 nations sharing the euro is expected to be weaker than expected only several months ago, according to the European Commission and the International Monetary Fund on Monday.The head of the IMF’s European department, Michael Deppler, painted a darker outlook for the eurozone in a presentation […]
Hire women to unlock services trade and prevent overstaying: World Bank
WASHINGTON, Dec 3, 2007 (AFP) – Rich nations should hire women from developing economies in a bid to break a WTO deadlock on cross-border movement of professional service providers, a World Bank study says.Industrialized nations are reluctant to accept migrants from developing economies such as nurses and IT workers as part of proposals under the […]
‘s ton frustrates England in first Test
KANDY, Sri Lanka, Dec 4, 2007 (AFP) – Kumar Sangakkara hit an unbeaten century as Sri Lanka tightened the screws on England in the first cricket Test here on Tuesday. Sri Lanka, resuming after lunch on the fourth day at 292-3, moved to 392-5 in their second innings by tea, an overall lead of 299 […]
Australian cricket chief hails Murali
SYDNEY, Dec 4, 2007 (AFP) – Australia’s cricket chief Tuesday brushed aside criticism of Sri Lanka’s record-breaking spinner Muttiah Muralitharan, saying he should be hailed for his “great feats”. Muralitharan, who broke Australian Shane Warne’s world record for most Test wickets by taking his 709th against England in Kandy on Monday, has faced criticism in […]
Activists denounce mass arrests of Tamils in Sri Lanka
COLOMBO, Dec 4, 2007 (AFP) – Sri Lankan rights groups Tuesday slammed the government arrest of nearly 2,200 minority ethnic Tamils after Tamil Tiger rebels were held responsible for two bomb attacks last week.The Free Media Movement, a press rights group, and the Centre for Policy Alternatives (CPA), a private think-tank, said they were considering […]
Sri Lanka new price index shows 19.3-pct inflation
Dec 04, 2007 (LBO) – A new index to measure inflation in Sri Lanka’s capital Colombo, showed that prices had risen by 19.3 percent in the past 12 months, a tad lower than the 19.6 percent measured by the existing index. The government’s statistics office which computes price indices says the Colombo Consumer Price Index […]
Sri Lanka urges private sector to spread benefits of export success
Dec 04, 2007 (LBO) – Sri Lanka’s government is trying to better spread the benefits of economic growth and reduce income disparities which have widened in recent years, a senior minister said. The government wants to help the private sector to improve its links with farmers in outlying rural communities, Minister of Export Development and […]
Sri Lanka economic shocks are home grown: IMF
Dec 04, 2007 (LBO) – Recent weaknesses in Sri Lanka’s economy have come from internal policies, and a plan to stop market pricing Diesel and Kerosene in 2008 may destabilize the economy further, the International Monetary Fund (IMF) has warned. “Fiscal consolidation, if delivered without delay, would provide scope for private sector-led growth, reduce debt […]
Leasing Numbers
Dec 03, 2007 (LBO) – Lanka Orix Leasing Company (LOLC) said September quarter net profit fell 48 percent to 86 million rupees from a year ago with a sharp increase in provisioning for bad loans. It also said the company acquired 2,600,000 shares (29.18 percent) of Touchwood Investments Limited and 4,982,953 shares (20 percent) of […]