All Blogs
Sri Lanka retaliates after Tiger suicide strike
COLOMBO, Oct 25, 2007 (AFP) – Sri Lankan war planes carried out attacks against Tamil Tiger rebels for a second straight day Thursday after the guerrillas attacked a military base, officials said.There was no immediate reaction from the Tiger rebels to the latest retaliatory air strikes.Air attacks were launched Thursday morning in the district of […]
‘s Tamil Tiger dodge financial regulators
Oct 25, 2007 (LBO) – Sri Lanka’s Tamil Tiger rebels have developed a sophisticated international system to transfer funds for their weapons procurement without being detected by financial regulators, a counter-terrorism expert told a recent conference in Colombo. The Liberation Tigers of Tamil Eelam (LTTE) operates a “hub and spoke” network for money transfer modalities, […]
Sri Lanka Treasury bill yields crash after debt issue
Oct 24, 2007 (LBO) – Sri Lankan government Treasury bill yields have fallen sharply after the government’s 500 million US dollar bond sale, dealers said. The bond issue was arranged by HSBC, Barclays, and JPMorgan and co-managed by the Bank of Ceylon. In the equity markets, the All Share index closed one point lower at […]
Free Visa
Oct 24, 2007 (LBO) – The United States government Wednesday urged Sri Lankans wishing to migrate to America to be vigilant of US Green Card resident visa scams. Some travel daily from Mexico to US while others settle down. The US government is unable to prosecute persons connected to bogus US Green Card web sites […]
Real Estate
Oct 24, 2007 (LBO) – Sri Lanka’s Property Development Ltd (PDL) has reported net profit for the third quarter ended September 30, 2007 rose 26 percent to 49 million rupees year-on-year. Revenue was static at 76.3 million rupees and the company benefited from a sharp rise in other operating income, mainly interest income, which rose […]
Cash Call
Oct 24, 2007 (LBO) – Sri Lanka’s biggest mobile phone operator, Dialog Telekom, announced Wednesday it had struck a deal with investors to raise five billion rupees through a privately placed preference share issue. The proceeds of the Preference Share Issue amounting up to Rs. 5.0 billion will partially finance the Dialog Group’s capital expenditure […]
Unlicensed
Oct 24, 2007 (LBO) – The United States has said it is concerned over the widespread piracy of software in Sri Lanka, which recent surveys show is as high as 90 percent. “We share the industry’s concern regarding extensive software piracy in Sri Lanka,” said James R. Moore, Chargé d’Affaires of the U.S. Embassy in […]
Nissan unveils new GT-R supercar
CHIBA, Japan, Oct 24, 2007 (AFP) – Nissan took the wraps off its all-new GT-R supercar Wednesday, betting that there’s still a market for muscle machines despite soaring petrol prices.The high-performance sports car — the successor to Nissan’s iconic Skyline GT-R — will eventually go on sale worldwide, beginning with Japan in December. Prices start […]
Business travel costs surging on high fuel costs, demand: survey
NEW YORK, Oct 23, 2007 (AFP) – Business travel costs around the world are expected to see a big surge in 2008 with air fares pushed up by rising fuel prices and hotels rates squeezed by growing demands, a survey showed Tuesday.The American Express Global Business Travel Forecast said hotel rates are especially pressured in […]
Oil prices fall for third straight day in Asia
SINGAPORE, Oct 24, 2007 (AFP) – World oil prices fell for the third straight day in Asia on Wednesday, pulling back further from record highs reached last week.Dealers said worries about slowing economic growth have pushed aside fears about tensions between Turkey and Kurdish rebels in northern Iraq, which helped push prices sky-high last week. […]