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Macau jackpot winner may lose multi-million dollar prize
HONG KONG, Sept 2, 2007 (AFP) – A Hong Kong woman who won 43 million dollars in a Macau casino may not get her money because the slot machine was not working properly, the territory’s gaming inspector said Sunday. The machine showed the woman had won the equivalent of 5.5 million US dollars after putting […]
Twenty20 cricket opens new international era
NEW DELHI, Sept 2, 2007 (AFP) – International cricket enters a new era of short, sharp entertainment from September 11 when the inaugural Twenty20 World Championship takes place in South Africa. Innovative strokeplay and a flurry of sixes and boundaries is the name of the 20-overs-a-side game designed for those looking for excitement, but don’t […]
Sri Lanka troops seize Tamil Tiger naval base
Sept 2, 2007 (AFP) – Sri Lanka said Sunday that troops captured a Tamil Tiger naval base during a weekend advance into rebel-held territory the guerrillas said nine civilians died.The two sides have been locked in combat since 1972, with the Tigers fighting for a separate state for minority Tamils. The 35-year-old ethnic conflict has […]
Sri Lanka takes northeast Tamil Tiger area
Sept 2, 2007 (AFP) – Sri Lanka said Sunday that troops have consolidated a hold on territory seized from Tamil rebels during intense weekend fighting that the guerrillas said killed nine civilians.Security forces seized territory that had been held by the Liberation Tigers of Tamil Eelam (LTTE) just south of Mannar in the northwest of […]
Sri Lanka rupee closes firmer against greenback
September 01, 2007 (LBO) – The Sri Lanka rupee closed firmer against the greenback at 113.00/113.05 Friday trading two days without central bank intervention, giving confidence to the market. The spot dollar closed at 113.12/18 Thursday which was almost flat from the previous day. The rupee had earlier been hit by heavy central bank market […]
Portable Money
Sept 1, 2007 (LBO) – Sri Lanka’s Sampath Bank’s has started an electronic cash transfer method lets account holders transfer cash to all mobile brands or CDMA phone, officials said. “This facility will let customers send money to any person with a mobile phone or a CDMA phone without changing SIM cards. All you need […]
Ploughing On
September 01, 2007 (LBO) – Fitch Ratings Lanka has confirmed the AAA (lka) rating of HSBC’s Sri Lanka branch with a ‘stable’ outlook, the rating agency said. HSBCSL is the largest foreign bank in Sri Lanka in term of assets and operates 14 branches in Sri Lanka, primarily in the Colombo district. HSBC Sri Lanka […]
Exposure Draft
September 01, 2007 (LBO) – Sri Lanka’s central bank, which regulates the country’s financial system, has sought the views of the banking community on new draft corporate governance rules for banks. “The need for a mandatory code of corporate governance arises due to the significance of the business of banks in the economy and current […]
Top Job
September 01, 2007 (LBO) – The newly set up Bharti Airtel Sri Lanka unit had hired a top Unilever official to head its operation in the island, Lanka Business Online learns. The rest is shared between Mobitel, a unit of fixed operator Sri Lanka Telecom; Tigo, a unit of Millicom International Cellular and Hutch, a […]
Electronic Trade
September 01, 2007 (LBO) – Millennium IT, one of Sri Lanka’s key software developers, has secured the contract to automate the centuries old tea auction system, an official said.Sri Lanka, which is better known for its high quality aromatic tea known by the country’s previous name Ceylon, is made with tender leafs and buds of […]