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Big Bucks
July 03, 2007 (LBO) – HSBC Bank in Sri Lanka is looking to finance two large transport sector projects with private sector involvement which will spawn new opportunities for local and international banks, a top official said. Three of Sri Lanka’s largest conglomerates, John Keells, Hayleys and Aitken Spence have put in bids to build […]
Skills Export
July 03, 2007 (LBO) – Aitken Spence, one of Sri Lanka’s conglomerates with interests in several areas of the shipping industry, wants to develop a new business in managing ports abroad. The company already has a deal with South Africa’s Durban Port under which is sent 125 skilled Sri Lankans to provide training and port […]
Cell News
July 3, 2007 (LBO) – Dialog Telecom is offering free breaking news for its customers days after competitor Mobitel launched trials for a text news alert. “We are launching this service with a view to providing information and creating a sense of security for customers,” Nushad Perera, head of sales at Dialog Telekom said in […]
‘s botched execution
WASHINGTON, July 3, 2007 (AFP) – The mother of a US man whose 2006 execution took 86 minutes and involved sticking needles into him 19 times has sued the prison team which oversaw the execution for civil rights violations.On Monday Irma Clark filed suit in the Cincinnati, Ohio, district court, alleging her son Joseph Clark […]
Bangladesh hit new low after Malinga-Murali burst
COLOMBO, July 3, 2007 (AFP) – Sri Lanka’s Lasith Malinga and Muttiah Muralitharan combined to humiliate Bangladesh for their lowest score of 62 on the opening day of the second cricket Test here on Tuesday. The trio replaced Khaled Mashud, Shakib-Al Hasan and Abdur Razzak. Fast bowler Malinga and off-spinner Muralitharan grabbed four wickets each […]
Bangladesh out for 62 domintaed by Sri Lankan attack
July 3, 2007 (AFP) – Bangladesh were shot out for their lowest Test score of 62 by Sri Lanka on the opening day of the second cricket Test at the P.Sara stadium here on Tuesday. Lasith Malinga and Muttiah Muralitharan claimed four wickets each as Bangladesh fell below their previous low of 86, also against […]
Seven people killed in Sri Lanka clashes
July 3, 2007 (AFP) – Four suspected Tamil Tiger rebels and three soldiers were killed in fresh violence in Sri Lanka’s embattled north, military officials said Tuesday. There was no immediate comment from the Liberation Tigers of Tamil Eelam, who have been locked in combat with the government since 1972 in a conflict that has […]
Sri Lanka on alert for Tiger attack anniversary
July 3, 2007 (AFP) – Sri Lankan security forces are on high alert as Tamil Tiger rebels this week mark the 20th anniversary of their first-ever suicide attack with the threat of unleashing more deadly strikes.“We are also seeking public cooperation for information regarding suspicious activity in their neighbourhoods.” The island’s prime minister has underlined […]
Sri Lanka achieves reserve money target for June
July 3, 2007 (LBO) – Sri Lanka’s central bank says its reserve money target for June has been achieved comfortably, even as emerging fiscal signals continued to unsettle market participants. Short term rates have also become volatile this week, reaching towards 40 percent again. The interbank market has become after several weeks of excess liquidity […]
India software exports head for 60-billion-dollar mark
BANGALORE, India, July 2, 2007 (AFP) – India’s exports of software and related services are expected to almost double in three years to 60 billion dollars, maintaining the country’s lead over rivals such as China, the industry said Monday.But the rupee’s strength and a shortage of talent are major concerns for an industry that posted […]