All Blogs
Sri Lanka to choose lead managers to US$400mn bond by end July
July 13, 2007 (LBO) – Sri Lanka would appoint lead managers to a 400 million dollar sovereign bond issue by the end of this month, the government’s debt office said. International investment banks have been asked to submit proposals by July 16, and the joint lead managers to the issue would be appointed by the […]
Sri Lanka low grown teas fetch record prices
July 13, 2007 (LBO) – Sri Lanka’s low grown tea prices have surged owing to strong demand from key buying countries and a shortfall in the crop, brokers said. Prices of low grown teas, grown mainly in the low country districts and by smallholders, have been climbing steadily for the past one year. But the […]
Positive Trend
July 13, 2007 (LBO) – Sri Lanka’s exports in May has surged 25.8 percent driven by a 45.5 percent jump in apparel shipments largely to the United States and the European Union, the Central Bank said Friday. Exports grew to 641 million US dollars in May 2007 against 509 million dollars in May 2006. “Persistently […]
Private Deals
July 13, 2007 (LBO) – Sri Lanka’s construction industry is urging the government to accept draft guidelines on treating unsolicited bids in an effort to ensure transparency and fair competition in infrastructure contracts. The move comes at a time when the phenomenon of unsolicited bids in a range of infrastructure projects is becoming common, causing […]
IT Literacy
July 13, 2007 (LBO) – India has pledged 13 million rupees to set up 20 computer education outlets called ‘Nenasalas’ in villages in Sri Lanka. Nenasalas, a localized model of telecentres being set up by the Information and Communication Technology Agency of Sri Lanka (ICTA), act as resource centres to spread knowledge and information through […]
Middleware Spot
July 13, 2007 (LBO) – The open source middleware technology company WSO2 says its products generated wide interest at the SOA World software conference in the United States. The SOA World Conference and Expo held in New York City, USA is the largest independent Service Oriented Architecture and Web Services event in the world, WSO2 […]
‘s tallest man weds in China
BEIJING, July 12, 2007 (AFP) – A decades-long search by the world’s tallest man for a bride finally came to an end on Thursday when the Chinese herdsman married a woman who barely stands up to his elbow.Bao Xishun, who stands 2.36 metres (seven feet nine inches), wed sales clerk Xia Shujun in a traditional […]
Murdoch aims to conquer world of business news
NEW YORK, July 13, 2007 (AFP) – News magnate Rupert Murdoch will expand his media empire with a business news channel to challenge industry leader CNBC, as he presses on with a bid to add The Wall Street Journal to his portfolio. The global media mogul has set October 15 as the launch date of […]
Sri Lanka to continue the big lead trend in third test
KANDY, Sri Lanka, July 13, 2007 (AFP) – Sri Lankan batsmen took advantage of a rain-free period to set themselves for a big total in the third and final cricket Test against Bangladesh here on Friday.The hosts, who bowled out Bangladesh for 131 in the first innings, replied with 161-2 by lunch on the third […]
Lions leader offers to play role in Sri Lanka peace process
July 13 (LBO) – A Sri Lankan businessman who has just been elected president of the International Lions Organization says he hopes to help take forward the Sri Lankan peace process as an internal facilitator. Sri Lankan ‘Lion’ Mahendra Amarasuriya was recently elected as the president of the International Lions organization in Chicago. He says […]