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Sri Lanka, India reach deal on mutual professional recognition
July 20 (LBO) – Sri Lanka and India has recognized each other’s professional standards, organizations senior official negotiating a wide-ranging trade and services agreement with India said. “We have almost finalized the text of the comprehensive economic partnership agreement (CEPA),” Manel de Silva, Director-General of Commerce of the Commerce Department, told LBO in an interview. […]
‘s expensive social safety net at crossroads
July 20, 2007 (LBO) – Tiny homesteads, tea gardens on hillocks nestled above rain fed paddyfields lining the roads, are typical of the rural village of Omantha, where its poor inhabitants depend on agriculture for a living. . The village, in the Kalutara district, is just 50 kilometers of Sri Lanka’s commercial capital Colombo and […]
Aborted Flights
July 19, 2007 (AFP) – Abu Dhabi’s Etihad Airways said Thursday that it was pulling out of Sri Lanka, citing a sharp drop in tourist traffic to the tropical island due to ongoing fighting between government and rebel forces. Sri Lanka’s 26-billion-dollar economy earned 130.8 million dollars from tourism between January and April, a 15 […]
Machine Time
July 19, 2007 (LBO) – Sri Lanka’s construction industry is looking for foreign partners to set up a machinery leasing company that would be especially useful for the large number of small and medium firms that dominate the sector. “The CCI is looking at having machinery and equipment to service the needs not only of […]
‘s Malinga to bowl apparel brand
July 19, 2007 (LBO) – One of Sri Lanka’s top clothing exporters, Brandix Lanka, has hired fashionable fast bowler Lasith Malinga as the group’s ‘brand ambassador’. Malinga, whose tinted curls and explosive round arm action made him a star attraction at the 2007 Cricket World Cup, will promote its corporate social responsibility and human resources […]
New revelations of gruesome India girl killings
NEW DELHI, July 19, 2007 (AFP) – India’s unwanted baby girls have been drowned in milk, burned alive in sealed mud pots or fed milk laced with poisonous seeds, but these days it is much easier to kill them in the womb.These are some of the chilling anecdotes in a new book on how a […]
Sri Lanka seeks to boost gem trade with consulate in Madagascar
July 19, 2007 (LBO) – Sri Lanka plans to establish a consulate in Madagascar mainly to encourage trade in gems and improve economic ties with the big island nation off the east coast of Africa. Out of the 52 countries in the African continent, Sri Lanka has resident missions in only Egypt, South Africa and […]
Sri Lanka president says Tigers must choose war or peace
July 19, 2007 (AFP) – The Tamil Tigers must decide between war and peace, Sri Lanka’s president said Thursday as the government marked the capture of the rebels’ final bastion. Mahinda Rajapakse said he was leaving the door open for resuming negotiations with the separatist Liberation Tigers of Tamil Eelam (LTTE) which collapsed in October […]
Sri Lanka promises eastern economic revival
July 19, 2007 (LBO) – Sri Lanka’s President Mahinda Rajapakse Thursday promised to wage an economic war to revive eastern areas of the country recently re-taken from the Tamil Tigers. “Economic freedom is as important as freeing territory,” the President said as the government held a televised ceremony to mark the fall of the last […]
Good Banking
July 18, 2007 (LBO) – The financial journal Euromoney has named Commercial Bank as Sri Lanka’s best bank in its 2007 survey, the bank said Wednesday. The magazine’s Asian regional awards recognise the best banks in 16 countries. It has listed Commercial Bank alongside other country winners such as ICICI Bank (India), China Merchant Bank […]