All Blogs
Sri Lanka apparel makers design a way up the value chain
Nov 14, 2007 (LBO) – Sri Lanka’s apparel makers are making inroads into design, collaborating closely with international brands to becoming an integral link in the supply chain of a fashionably evolving global industry. Sri Lanka’s top apparel makers stepped into the design stage of garments about five years ago, but are now getting deeper […]
Emirates airline boosts Mideast market leader status
DUBAI, Nov 13, 2007 (AFP) – Dubai-owned Emirates airline, already the largest carrier in the Middle East, has reinforced its position as regional market leader with multi-billion-dollar orders at the Dubai air show. Emirates’ buying spree is in step with the ambitious plans of the city-state to establish itself as a regional hub for travel, […]
‘s globe sells for 100,000 dollars
SAN FRANCISCO, Nov 13, 2007 (AFP) – A globe kept by Adolf Hitler in his Eagle’s Nest compound and retrieved from the rubble after the end of World War II sold Tuesday for 100,000 dollars to an art collector and entrepreneur. The globe sat for 62 years in John Barsamian’s dusty attic in Oakland but […]
Sri Lankan lawmaker demands dismissal of ministers, top bureaucrats
Nov 14, 2007 (LBO) – A Sri Lankan government lawmaker who crossed over to the opposition benches Wednesday is demanding the dismissal of cabinet ministers and bureaucrats against whom a parliamentary committee headed by him made allegations of corruption. Parliamentarian Wijeyadasa Rajapaksa said that he has set seven conditions for the government to meet in […]
Sri Lanka ruling party lawmaker decamps
Nov 14, 2007 (LBO) – A Sri Lankan lawmaker who heads a parliamentary committee overseeing state enterprises that has been probing corruption allegations, crossed over to opposition benches Wednesday. Wijedasa Rajapaksa, while requesting the speaker for a seat in the opposition benches, also said he would remain a member of the Sri Lanka Freedom Party […]
Flying Tigers trigger Sri Lanka alert
Nov 14, 2007 (AFP) – Sri Lanka switched off electricity in the capital Colombo early Wednesday amid fears that Tamil Tiger rebels were flying their light aircraft for a possible attack, officials said.The power supply was cut off before dawn for nearly half an hour as the country’s air defence systems spotted two unidentified aircraft, […]
Sri Lanka trade deficit widens in September; 9-month deficit still down
Nov 14, 2007 (LBO) – Sri Lanka’s trade deficit widened in September to 281 million from 199 million a year ago, but the gap for the first nine months of the year was still 7.5 percent lower than last year. Exports grew 19.2 percent to 724.6 million in September with imports also rising 24.9 percent. […]
Sri Lankan coastal towns threatened by rising sea level
Nov 14, 2007 (LBO) – Sri Lanka’s coastal settlements are at risk of rising sea levels caused by global warming while those in the central hills face landslide threats, a top official said. “If the water level rises Sri Lanka’s entire coastal belt is facing possible destruction,” said Lakshman Jayasekara, director general, National Physical Planning […]
Sri Lanka says US$500 million bond has been used to repay debt
Nov 13, 2007 (LBO) – Sri Lanka’s finance ministry confirmed Wednesday that the proceeds of its biggest ever foreign bond issue had already been spent to repay short term debt.The government originally said a 500 million dollar sovereign bond issue raised in October would be used for infrastructure development projects. A Sri Lanka finance ministry […]
One Solution
Nov 13, 2007 (LBO) – Iran’s Mammut group has tied up with Sri Lanka’s Mod-Tec trading company to provide infrastructure services to the island’s wireless telecom operators, senior company officials said. Mammut provides a broad range of turnkey solutions, from land acquisition, architectural designs, construction, and electronic service implementation to training of individuals and maintenance. […]