All Blogs
Five family members massacred in Sri Lanka
COLOMBO, May 19, 2007 (AFP) – Five family members, including two boys aged four and eight, were hacked to death on Saturday in a town just outside the Sri Lankan capital in what police said may have been a family feud. Unidentified attackers killed K. W. Tillakaratne, 36, his wife, their two children and the […]
Sri Lanka – Jordan govts and trade chambers sign new deals ahead of G11 summit
SHUNEH, Jordan, May 19, 2007 (AFP) – Heads of state and representatives of 11 developing countries meet in Jordan on Saturday to draw up a platform of cooperation with the G8 industrialised nations and bolster multilateral trade.The G11 summit grouping Croatia, Ecuador, El Salvador, Georgia, Honduras, Indonesia, Jordan, Morocco, Pakistan, Paraguay and Sri Lanka meets […]
Sri Lanka tea industry slams plan to hike export cess
May 18, 2007 (LBO) – The Colombo Tea Traders’ Association (CTTA) said Friday the industry was strongly opposed to government plans to increase the tea export cess.Funds could also be used for promoting Sri Lankan owned brands, stimulating value-added exports, facilitating food hygiene initiatives and supplementing research programmes.It also accused the government of violating the basic […]
Copy Not
May 18, 2007 (LBO) – Sri Lankans are still not aware of the gravity of copyright violations, according to Viinod Nair, representative of top photo agency Getty Images, which has just entered the local market. Nair is president of sales marketing and strategy for Visage Media Services, based in Hyderabad, India which has tied up […]
Bonus Status
May 18, 2007 (LBO) – Colombo Stock Exchange has withdrawn the approval for bonus issues of some companies, and asked twelve firms to submit fresh applications after checking compliance with a new company law, in a circular issued to brokers and listed firms. The new company law came into effect on May 03. CSE said […]
New Deal
May 18, 2007 (LBO) – A new deal between the buyer of Japan’s NTT stake in Sri Lanka Telecom and the government is being hammered out in a way that will protect the interests of the 49 percent state holding, a top government official said. Treasury Secretary P B Jayasundera told reporters there was no […]
Extra Time
May 18, 2007 (LBO) — Sri Lanka’s telecom watchdog has given the island’s first Internet service provider, Lanka Internet Services Ltd., extra time to restore services to thousands of customers currently stranded offline, after the company halted services, a top official said. Lanka Internet hit financial difficulty in March with the senior management disappearing without […]
Wolfowitz to resign as World Bank chief end-June
WASHINGTON, May 17, 2007 (AFP) – World Bank president Paul Wolfowitz bowed to weeks of pressure Thursday and agreed to step down June 30 to end a favoritism scandal that had rocked the poverty-fighting institution. Wolfowitz, 63, said he was resigning in the “best interests” of the bank, thus ending a scandal over a generous […]
Sri Lanka fighting kills 20 Tamil rebels
May 17, 2007 (AFP) – Security forces shot dead at least 20 Tamil Tiger rebels in northern Sri Lanka in a fresh outbreak of fighting, the defence ministry said Thursday.More than 4,800 people have been killed in the latest upsurge of fighting that began in December 2005.Troops on Thursday recovered bodies of six of the […]
Money printing Zimbabwe central bank push inflation to 3,714% in April
HARARE,, May 17, 2007 (AFP) – Zimbabwe’s annual inflation surged to 3,714 percent in April, ahead of a new pricing and incomes law approved by President Robert Mugabe in a fresh bid to rein in the inflation spiral. “The… annual inflation rate at the end of April rose to 3,713.9 percent,” the state-run Herald newspaper […]