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Say Yes!
October 11, 2006 (LBO) – Sri Lanka’s Sampath Bank Ltd is seeking shareholder approval to raise it’s authorise share capital and lift the maximum shareholder limits to be on par with Central Bank guidelines. The bank’s authorised share capital stands at 1.5 billion rupees and the board is seeking shareholders’ consent through an extraordinary meeting […]
Media Gagged
Oct 11, 2006 (AFP) – Escalating violence in Sri Lanka has led to unofficial censorship enforced by intimidation and death threats against journalists, an international group said Wednesday. A “fact finding mission” by a dozen media organisations as well as a UN body reported that security forces were interfering in the editorial work of media […]
Small Screen
CANNES, France, Oct 11, 2006 (AFP) – TV on tiny mobile phone screens may have started out small but it is growing up fast as more and more cellphone users around the world tune into television on their mini screens.Today, fans can catch up with the latest episodes of smash hit TV shows, from “Desperate […]
Korean Chips
October 11, 2006 (LBO) – Korea’s Samsung Networks Inc has picked up a 15 million dollar contract to digitally link up key Sri Lankan government agencies. Samsung will equip and digitally manage the Lanka Government Network or LGN project, connecting line ministries and divisional secretaries to ensure a smooth flow of information. The South Korean […]
Chattiest Year
October 11, 2006 (LBO) – Sri Lanka’s mobile phone penetration is due to peak at 38 percent in 2008, amidst regulatory bottlenecks to iron out crucial issues like interconnection and the management of frequency spectrum, an equity research report said Wednesday. However, operators have found loopholes within the law which allows them to offer ‘seasonal’ […]
Singapore to offer free wireless service from 2007
SINGAPORE, Oct 11, 2006 (AFP) – Tech-savvy Singapore will offer free wireless broadband service in public areas from next year, the government said.The programme will increase the number of wireless hotspots from 900 currently to 5,000 over two years, allowing Singaporeans wireless connectivity beyond homes, offices and schools where the service is currently available, the […]
Bangladesh to probe Tesco child labour allegations
DHAKA, Oct 11, 2006 (AFP) – Bangladeshi textile manufacturers pledged Wednesday to investigate child labour allegations after a British television network showed children making clothes for supermarket giant Tesco.Channel 4 News had secretly filmed children as young as 12 it said were working at four factories that supply the British supermarket giant. S.M. Fazlul Hoque, […]
Global tension, Chinese demand to keep oil markets on edge: IEA
PARIS, Oct 11, 2006 (AFP) – Oil prices have fallen because of stockbuilding and slowing demand but a possible OPEC output cut, global instability and growth in China and the Middle East are likely to keep the market under tension, the IEA said Wednesday.The International Energy Agency forecast an increase of 1.2 percent in global […]
At least 85 killed, hundreds injured in Sri Lanka battle
Oct 11, 2006 (AFP) – At least 75 Sri Lankan troops and 10 Tamil Tiger rebels were killed Wednesday and more than 400 soldiers wounded in a major battle in the island’s north, according to the warring parties.The military maintained that they were “compelled” to launch the offensive as a “defensive measure” to neutralise a […]
At least 85 killed, over 400 wounded in major Sri Lanka battle
Oct 11, 2006 (AFP) – At least 85 people were killed and more than 400 wounded when a new military offensive Wednesday met with ferocious resistance from Tamil Tiger rebels in northern Sri Lanka, both sides said. Intense fighting halted the government’s onslaught into rebel territory, which was backed by Israeli-built Kfir jets and naval […]