All Blogs
Putin calls for revolution in world economic relations
SAINT PETERSBURG, June 10, 2007 (AFP) – Russian President Vladimir Putin on Sunday called for a revolution in world economic relations, saying institutions created by the West were “archaic, undemocratic and inflexible.” Speaking to an audience of world leaders and top chief executives at a showcase business forum, Putin said the emergence of developing economies […]
Personal Identity
June 09, 2007 (LBO) – Sri Lanka would soon be sounding out operators on making mobile telephone numbers portable, telecom minister Rauf Hakeem said. “In Andra Pradesh, base stations for which approvals are not given in a fixed time, or not objected to, are considered given,” Hakeem said. “We need to be pro-active in reform, […]
Sri Lanka cricket chief bailed over share scam
June 9, 2007 (AFP) – Sri Lanka’s cricket chief Jayantha Dharmadasa was granted 100,000 rupees (910 dollars) bail by the commercial court of Colombo over his alleged role in manipulating share prices.Dharmadasa, who heads Sri Lanka Cricket, the governing body of the sport, his son and seven others are charged with illegally boosting the share […]
Sri Lanka Cricket in new attempt to dump chief selector
June 8, 2007 (AFP) – Sri Lanka’s cricket administration Friday made a fresh attempt to dump chief selector Asantha de Mel in a row over the controversial Abu Dhabi one-day series. “I have time till end July to make the final decision,” Lokuge said. “I shall see what I should do then.” Sports Minister Gamini […]
Sri Lanka troops kill 30 Tigers in east
June 9, 2007 (AFP) – At least 30 Tamil Tiger rebels and one soldier were killed when Sri Lankan troops overran four guerrilla jungle bases, the defence ministry said Saturday.Soldiers captured the bases of the Liberation Tigers of Tamil Eelam (LTTE) during an offensive late Friday and early Saturday in the eastern Batticaloa district, the […]
Japan will not halt aid to Sri Lanka; hoping for peace
June 9, 2007 (AFP) – Japan’s special envoy to Sri Lanka ended a four-day visit Saturday saying he was still hopeful that the island’s tattered peace process could be salvaged.The LTTE has been fighting for a separate homeland for minority Tamils in a 35-year old ethnic conflict that has claimed over 60,000 lives. Yasushi Akashi, […]
Sri Lanka president orders police probe on Tamil evictions
COLOMBO, June 8, 2007 (AFP) – Sri Lanka’s president Friday promised an investigation into police action that forced hundreds of ethnic Tamils from the capital at gunpoint in early morning raids condemned around the World. President Mahinda Rajapakse invited evicted people back to Colombo and ordered a disciplinary probe against the police chief responsible. Officers […]
Cell Cash
June 8, 2007 (LBO) – The cellular operator Mobitel has raised five billion rupees through a syndicated loan to fund its expansion into rural Sri Lanka, officials said. The 8-year loan was syndicated by HSBC Sri Lanka. Bank of Ceylon, Peoples’ Bank, Hatton National Bank and HSBC itself brought in a billion rupees each while […]
Health South
June 08, 2007 (LBO) – Hemas group a listed diversified group that is in consumer goods, energy, leisure and healthcare said it had acquired a hospital in the southern Sri Lankan city of Galle. Hemas said the privately-owned Southern Hospital will soon be upgraded with new medical technologies. “Hemas Southern Hospitals will, over the next […]
Clear Rules
June 08, 2007 (LBO) – A top World Bank official Thursday warned of the dangers of governments accepting unsolicited proposals in public-private partnership projects, saying it could lead to controversy and corruption allegations. Governments accepting unsolicited proposals in public-private partnership (PPP) projects should introduce some form of competitive bidding, World Bank Country Director Naoko Ishii […]