All Blogs
No Risk
May 17, 2007 (AFP) – Insurance rates for airlines operating to Sri Lanka are expected to remain unchanged after the government’s decision to shut the airport here for night flights following rebel air raids, officials said Thursday.Sri Lanka’s only international airport halted night flights last Thursday in line with new security measures following several night-time […]
Musical Chairs
May 17, 2007 (LBO) – Sri Lanka’s Bank of Ceylon, Peoples’ Bank and Ceylon Electricity Board is to get new chairmen, a senior presidential aide told LBO. Gamini Wickremesinghe, the current Chairman of the Securities and Exchange Commission would head the Bank of Ceylon, replacing Udayasri Kariyawasam who would be appointed as chairman of the […]
Multilevel Media
May 17, 2007 (LBO) – Goldquest kingpin Vijayeswaran Vijayaratnam has financed the operation of at least two Tamil language television stations, the latest in a series of reports since the arrest of top operatives of the cult-like group said. . The Asian Tribune website said Vijayeswaran owned shares in Deepam TV of UK and another […]
Direct Contact
May 17, 2007 (LBO) – Sri Lankan unit trusts, which collectively have an investment fund of over five billion rupees, are seeking to popularise their instruments among less sophisticated investors. The island’s regulator, Securities and Exchange Commission, Wednesday pledged 13 million rupees to the Unit Trust Association to initiate public awareness campaigns on investing in […]
‘s black gold
May 17, 2007 (LBO) – The United States supports Sri Lanka in its effort to develop off shore oil exploration, the country’s ambassadore in Colombo said.“I invited all the countries to explore Sri Lanka’s off shore oil opportunities in the recent Offshore Technology Conference in Houston,” said the US ambassador for Sri Lanka Robert Blake. Offshore […]
Tele Record
May 17, 2007 (LBO) – Telekom Malaysia sold a small part of its 87 percent stake in Dialog Telekom Thursday, driving turnover on the Colombo bourse to an all-time high of over 6.6 billion rupees. More than 233.6 million Dialog shares, part of the seven percent placement, done by CT Smith Stockbrokers, went through at […]
Wolfowitz support wanes as World Bank mulls his fate
WASHINGTON, May 16, 2007 (AFP) – World Bank directors were to continue talks Thursday on the fate of Paul Wolfowitz, amid reports the embattled president is negotiating an exit deal in which the bank would take some blame for the controversial pay raise he negotiated for his girlfriend. Pressure to end the controversy increased as […]
Telecenters or mobiles: Connecting families at the bottom of the pyramid
May 17, 2007 (LBO) – The theme of the 2007 World Telecom and Information Society Day (May 17th) is connecting the young. It is difficult to connect the young without also connecting the old. The young usually connect within the context of economic and other decisions made by family units. This column examines what is required […]
Suspected Sri Lanka arms smuggling trawler sunk in Maldives
COLOMBO, May 17, 2007 (AFP) – A trawler suspected of smuggling weapons, possibly for Sri Lanka’s Tamil Tiger rebels, has been sunk by the coastguard of the Maldives, the latter’s foreign minister said Thursday.“Five people in the trawler jumped overboard when it was attacked and we are going to question them,” Maldivian Foreign Minister Ahamed […]
”’ guerilla air force will face losses within months: analyst
May 17, 2007 (LBO) – The Tamil Tiger guerilla air wing will bear losses before the year-end as the military gains technology and experience to counter the little intruders, a former Sri Lanka air force commander said. Related Third Dimension: Sri Lanka’s battle for air supremacy and the Tamil Tiger ‘Bedcheck Charlie’ strategy . The […]