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Human rights group demand probe of abuses in Sri Lanka
GENEVA, Sept 22 (AFP) – International and Sri Lankan human rights campaigners on Friday called for a United Nations inquiry into abuses against civilians by Tamil Tiger rebels and government forces on the strife-torn island.They urged the UN Human Rights Council, the world body’s top watchdog forum, to launch a probe as soon as possible […]
Self Service
Sept 22 (LBO) – Some Sri Lankan banks that are shifting traffic off its counters and to self service channels like teller machines and home banking, are doing better than other South Asian countries. Sri Lanka became the eleventh country in the world to accept bulk cash deposits in large denominations, which are instantly credited […]
Lucky Strike
Sept 22 (LBO) –Savers in Sri Lanka, who are losing money because of negative real interest rates in the country, stand to recoup their losses if they get lucky in a lottery that has now become a standard feature of bank deposits. The country’s largest private bank, Hatton National Bank is offering a Mercedes Benz […]
In-Shoring
Sept 22 (LBO) – A Sri Lankan telecom firm shifted its call centre out of the capital to a lower-cost central region of the island, in a trendsetting move that other firms could follow to their advantage. Suntel, unit of Sweden’s Telia which runs a wireless fixed network in the island, shifted its customer service […]
Asia must boost infrastructure investment: ADB boss
JAKARTA, Sept 22, 2006 (AFP) – Asia must dramatically boost investment in infrastructure in the next decade or risk losing its global competitive edge, the president of the Asian Development Bank warned Friday. According to a copy of a draft speech, Haruhiko Kuroda told an emerging markets forum in Jakarta that Asia would need to […]
‘s wealth
BANGKOK, Sept 22 (AFP) – Thailand may seize the assets of ousted billionaire prime minister Thaksin Shinawatra, the new military junta said on Friday. “It’s under consideration on how we will proceed” with Thaksin’s vast assets, said Air Chief Marshall Chalit Pukbhasuk, the head of the air force and one of the military commanders who […]
China busts product based, e-commerce pyramid
BEIJING, Sept 21 (AFP) – Chinese police have busted a “cult-like” pyramid sales scam involving up to 500,000 people that amassed two billion yuan (250 million dollars), state press reported Thursday.The scheme, which began by selling women’s make-up, was masterminded by a 30-year-old post-doctoral student who ran operations largely through the Internet, the People’s Daily […]
British travellers warned after new Sri Lanka violence
LONDON, Sept 22, 2006 (AFP) – Britain’s foreign ministry tightened up its advice Friday to travellers in north and east Sri Lanka after at least six people were killed in the troubled area. In a review of its travel advice, the Foreign Office warned Britons not to travel to any part of the north or […]
Six civillian killed Northeast Sri Lanka
COLOMBO, Sept 22(AFP) – At least six civilians were killed in separate incidents across Sri lanka’s embattled northeast, the defence ministry here said Friday.Security forces found the bullet-riddled bodies of three men in the Jaffna peninsula where another man had been similarly shot dead by unidentified attackers on Thursday, the ministry said. It said a […]
Trade Fiasco
Sept 21 (LBO) – Another round of Indo-Lanka trade talks ended this week, with no firm agreement on resuming controversial duty free exports of vanaspati oil from Sri Lanka to India. The Vanaspati Association of Sri Lanka says however that they have been kept in the dark about talks. Vanaspati is a hydrogenated vegetable oil […]