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Making Sense
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking network with a good credit culture as an independent entity, officials said. Officials say Lankaputhra can take-over SME Bank under the provisions of company law, but […]
Debenture Quality
June 21, 2007 (LBO) – A 5-year, two billion rupee debenture issue of DFCC Bank has been assigned a rating of AA (lka) while the bank’s long-term rating of the same level has been confirmed, Fitch Ratings said. The rating agency also confirmed the AA- (lka) tag of DFCC’s subordinated debt was also confirmed. The […]
Virtuous Way
June 21, 2007 (LBO) – Sri Lanka’s open source software community is promoting free programs that can be used on operating systems like Microsoft Windows, without breaking anyone’s copyright. . Related Link: Foss Community Website . . The Free and Open Source Software (FOSS) advocacy community says, individuals or small companies that cannot afford proprietary […]
Western firms unaware of BRICS economies: survey
BANGALORE, India, June 21, 2007 (AFP) – Western companies exhibit a worrying lack of awareness about emerging markets like India that are reshaping global business, according to a British Telecom survey released here Thursday.“The increasing trend towards globalisation has a wider effect on such firms who must look to developing economies to enhance sales, diversify […]
‘s service to the Sri Lanka helps him out
June 21, 2007 (AFP) – Former Sri Lanka captain Marvan Atapattu will not be subjected to a disciplinary inquiry despite his self-imposed absence from the home series against Bangladesh, officials said here Thursday.It was initially expected that Sri Lanka Cricket (SLC) would ask the 37-year-old right-hander to show cause for his decision to stay out […]
Sri Lanka rebel lawmakers claim wider support
June 21, 2007 (LBO) – Rebel lawmakers of the ruling party are claiming wider support to become a moderate “third force” in Sri Lanka’s politics, and said they would initiate talks with other opposition parties soon. Samaraweera is closely associated with Kumaratunga. Mangala Samaraweera, who was sacked by President Mahinda Rajapakse earlier, said the rebels […]
Sri Lanka UK relations strong as Queen celebrates birthday
June 21, 2007 (LBO) – Relations between Sri Lanka and Britain remained strong with a shared history, cricket and economic ties binding the two nations, the British High Commission said on the birthday of Queen Elizabeth II. “The more we see others in this way, the more we can understand them and their points of […]
Media rights bodies condemn Sri Lanka net censorship
June 21, 2007 (LBO) – Sri Lanka’s top media rights body has condemned a statement by a minister who made remarks about hacking a Tamil news website which was blocked by at least two of the country’s top telecom firms, reportedly on government orders. The full statement is reproduced below: The Free Media Movement (FMM) […]
Sri Lanka under fire over Internet censorship
June 21, 2007 (AFP) – Media rights groups attacked Sri Lanka’s government Thursday for blocking domestic access to a website favouring the Tamil Tiger rebels and for saying it would like hackers to disable the site.Reporters Without Borders (RSF) said Colombo should immediately unblock the Tamilnet.com website. “Sri Lanka’s Internet service providers have been blocking […]
Tiger aircraft in Sri Lanka a concern: Indian FM
SINGAPORE, June 20, 2007 (AFP) – India’s improved bilateral relations with the United States are not intended to try and contain the growing might of China, the Indian foreign minister said Wednesday in Singapore. Mukherjee arrived in Singapore on Monday for a three-day visit.On Wednesday, he met with Prime Minister Lee Hsien Loong and delivered […]