All Blogs
English Penalty
July 07, 2007 (LBO) – Sri Lanka’s television industry aimed at English speakers have sought relief after a penal tax brought by Sinhala teledrama artistes threatened to put them out of business, officials said. The government had collected 160 million rupees and the money has been put in treasury bills Yapa said while a decision […]
Indian baby girl rescued after being buried alive
HYDERABAD, India, July 7, 2007 (AFP) – A baby girl buried alive by her grandfather in southern India was in good condition on Saturday after being rescued, hospital officials said. The child’s grandfather and mother have been arrested for attempted murder following the baby’s rescue in Mahbubnagar district, 160 kilometres (100 miles) south of Hyderabad, […]
”: Boeing
SEATTLE, Washington, July 6, 2007 (AFP) – The revolutionary materials used to build Boeing’s ground-breaking Dreamliner 787 passenger jet look set to transform the civil aviation industry forever, officials said Friday. Speaking to journalists ahead of the 787’s formal roll-out on Sunday, Boeing officials declared that the composite plastics that make up around 50 percent […]
Sri Lanka names Twenty20 squad
July 7, 2007 (AFP) – Sri Lanka on Saturday named a 30-man preliminary squad for the inaugural Twenty20 world championships in South Africa in September. Sri Lankan squad: Mahela Jayawardene, Kumar Sangakkara, Dilruwan Perera, Upul Tharanga, Sanath Jayasuriya, Avishka Gunawardene, Mahela Udawatte, Tillakaratne Dilshan, Chamara Kapugedera, Michael Vandort, Jehan Mubarak, Thilina Kandamby, Chamara Silva, Farveez […]
Sri Lanka says 19 killed in attacks
July 7, 2007 (AFP) – Fifteen Tamil Tiger rebels were shot dead as they fled from troops on tractors, the Sri Lankan government said on Saturday, while four people were killed elsewhere in the embattled island.More than 60,000 people have been killed since the conflict erupted in 1972.The number of dead in violence on Friday […]
Sri Lanka says military kills three rebels
July 7, 2007 (AFP) – Sri Lankan troops have killed three suspected Tamil Tiger rebels in the island’s embattled north and east, the defence ministry said on Saturday.More than 60,000 people have been killed since the conflict erupted in 1972.Two Tamil Tiger rebels were killed in northern Vavuniya district on Friday during clashes with government […]
Sri Lanka had low inflation only with fiscal discipline: minister
July 07, 2007 (LBO) – The state was not in a position to control prices of imported goods and price levels can only be stabilized by stopping money printing and limiting government expenses, Sri Lanka’s consumer affairs minister said. Consumer affairs minister Bandula Gunewardene said tight monetary policy by the central bank had already brought […]
Smooth Payments
July 06, 2007 (LBO) – South Asian countries need to modernise their payments systems to cope with rapidly increasing cross border trade and investment flows trigged by faster economic growth, a senior central banker said Friday. “Trade and investment flows and demand for financial services will exceed the present levels over the next couple of […]
Hard Drive
July 06, 2007 (LBO) – Sri Lanka Insurance Corporation (SLIC) says is aggressively chasing the motor insurance sector, an official said. SLIC says its overall premium is showing a growth of about 30 percent with the last two quarters as a result of adopting aggressive marketing techniques. “New blood has given life to the products […]
Workers Money
July 06, 2007 (LBO) – The managers of Sri Lanka’s largest private sector retirement fund have responded to criticism that its money is being used to fund government expenses, saying funds are invested under professional advice. “The process engages all the hidden forces of economic law on the side of destruction, and does it in […]