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Bank Number
Nov 14, 2007 (LBO) – Sri Lanka’s National Development Bank (NDB) net profit for the September rose 45 percent to 298 million rupees, with a deferred taxation adjustment helping counter higher provisions for bad loans. Total group income for the quarter increased to 2.6 billion rupees from 1.7 billion rupees, according to interim results filed […]
Sri Lanka wildlife park no go zone for Britons
Nov 14, 2007 (LBO) – Britain has advised its citizens not to travel to the popular Yala wildlife park in southern Sri Lanka after a spate of killings and explosions suspected to have been carried out by Tamil Tiger guerrillas. “We advise against all travel to Yala National Park,” a travel advisory issued by Britain’s […]
Sad Situation
DUBAI, Nov 14, 2007 (AFP) – The governments of Gulf countries including Kuwait, the United Arab Emirates and Saudi Arabia, as well as Lebanon, are failing to curb abuses against Sri Lankan domestic workers, Human Rights Watch charged Wednesday. “While much remains to be accomplished, the UAE government — working with the private sector and […]
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. […]