All Blogs
Better Experience
LAS VEGAS, Nevada, Jan 8, 2007 (AFP) – Skype unveiled on Monday its own models of desktop telephones that can make free Internet calls using the firm’s pioneering online service.The pricing for calls will be the same on the new Skype telephones, Lagier said. The IPEVO Solo One and the TOPCOM Webt@lker 5000 were among […]
World Economic Forum joins web fantasy in bid for openness
GENEVA, Jan 9, 2007 (AFP) – The annual meeting of the World Economic Forum in the Swiss resort of Davos this month will enter the virtual reality of web-based Second Life in a bid to open up the elite meeting of political and business leaders, the organisers said Tuesday. After being televised, webcast and podcast […]
US urges quick end to Sri Lanka violence, rules out military solution
Jan 9, 2007 (AFP) – The United States Tuesday urged a speedy political solution to Sri Lanka’s separatist conflict as the island slipped into more violence, and warned that a military solution was not possible.“According to government estimates, 15,000 people are isolated without access to food or basic supplies, as stocks are decimated.” The US […]
Indian FM in Sri Lanka amid unrest
Jan 9, 2007 (AFP) – Indian Foreign Minister Pranab Mukherjee arrived in Sri Lanka Tuesday to invite President Mahinda Rajapakse to attend a South Asian summit in New Delhi in April, officials said. Mukherjee opened talks with his Sri Lankan counterpart Mangala Samaraweera here ahead of talks with Rajapakse and Prime Minister Ratnasiri Wickremanayake before […]
Sri Lanka president mulls cabinet reshuffle; discounts election
Jan 9, 2007 (AFP) – Sri Lanka’s president Tuesday said a cabinet reshuffle was being considered but discounted local media reports that he would call a snap parliamentary election. President Mahinda Rajapakse said he saw no reason for a general election “at this stage,” according to a statement released by his office. “There were no […]
Civilians killed in Sri Lanka hospital shelling: Tiger rebels
Jan 9, 2007 (AFP) – At least four civilians were killed and 16 hurt by Sri Lankan army shelling inside rebel-held territory, the Tamil Tigers said Tuesday, as sporadic violence was reported in the island’s troubled northeast. The rebel Liberation Tigers of Tamil Eelam (LTTE) said on its website that one more civilian was killed […]
‘s Official
January 9, 2007 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corp. has laid the foundation stone on its upcoming lubricant blending plant over weekend, after the Sri Lankan government settle settled 5.16 billion rupees in unpaid subsidy bills last Friday, officials said. Lanka IOC is 75 percent-owned by Indian Oil Corp., […]
State-run Bank of Ceylon to raise US$ 100 mn syndicated loan
January 8, 2007 (LBO) – Sri Lanka’s state-run Bank of Ceylon plans to tap the international capital markets early this year to raise 100 million dollars via a three-year syndication loan, a senior official said. The deal, arranged with sole bookrunner HSBC, was earlier scheduled for late last year.Bank of Ceylon was forced to pull […]
Few Tweaks
January 8, 2007 (LBO) – Sri Lanka’s Central Bank plans to revise the way commercial banks’ compute the single borrower limit, as part of its drive to strengthen the banking system. “We are looking at revising the Single Borrower Limit in line with improved risk management by banks,” Governor Nivard Cabraal said. Presently, a single […]
United Action
Jan 08, 2007 (LBO) – Sri Lanka Telecom trade unions including non executive technical staff are threatening to go on strike next week, if the telecom giant fails to sort out salary anomalies, promotions and restrict short-term contracts. The union official says the company had not yet granted 17.5 percent, 20.0 percent or 25.0 percent […]