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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 […]
Earthquake
July 18, 2007 (LBO) – An earthquake measuring 5.2 on the Richter scale had occurred in the Bay of Bengal 510 kilometres to the East of the Sri Lankan capital Colombo, the US Geological Survey said. The breach occurred 35 kilometer below the surface of the earth at 04:27:28 Universal Time, or 09.57 am local […]
Top Posts
July 18, 2007 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has appointed the head of its legal division as its new deputy director general, the regulator said Wednesday. Marina Fernando, who joined the SEC in 2003 was its Director, Legal and Enforcement. “As Deputy Director General, she will oversee matter pertaining to the […]
Money printing Zimbabwe tightens price controls worsening food shortages
HARARE, July 17, 2007 (AFP) – Zimbabwe’s government was set to intensify its pricing crackdown, despite being condemned by the White House on Tuesday as a reckless move that would further fuel inflation and exacerbate food shortages.Nathan Shamuyarira, ZANU-PF’s secretary for information and publicity, said a meeting of the party’s politburo on Monday, chaired by […]
Maldives wants new airports for resort islands
July 18, 2007 (AFP) – Maldives is seeking international investors to help build ten regional airports as part of a plan to develop nearly three dozen resort islands, a minister said on Wednesday. “We plan to build 10 domestic airports packaged with tourist resorts, to make it economically feasible to investors.The tenders will go out […]
China private airline gets first nod for international routes
SHANGHAI, July 18, 2007 (AFP) – China’s East Star Airline said Wednesday it had won approval to fly overseas, the first private carrier to do so, as part of efforts to loosen the nation’s strictly controlled civil aviation sector.The airline based in central China said in a statement that it gained approval from aviation regulators […]
‘s tooth buried in forehead
SYDNEY, July 17, 2007 (AFP) – An Australian rugby player who went to his doctor with severe headaches was amazed to find he’d been living with an opponent’s tooth embedded in his forehead for months, it was reported Tuesday.Ben Czislowski clashed heads with an opponent during a game in the Queensland Cup competition in early […]