All Blogs
Just in Case
July 25 (LBO) – Sri Lanka is collecting all details of returnees from war torn Lebanon, to build up a stronger case in the event all affected people are given compensation. We cannot say from whom we are getting compensation, but from our side, we are getting ready for when the need and opportunity arises, […]
Early Lead
July 25, 2006 (LBO) – Chinese telecommunications firm Huawei Technologies is expecting around 30 percent gain in sales of third generation handsets within one-year of its release in Sri Lanka, officials said Tuesday. Huawei’s Product Manager P Sanjeev declines to say how many CDMA data cards have been sold so far. “Its hundreds and hundreds. […]
” facility, one of last in Asia
SINGAPORE, July 25, 2006 (AFP) – There will be no more shouting or waving of hands in obscure signals from September when one of Asia’s last traditional “open outcry” exchange trading facilities is closed in Singapore.The Singapore Exchange said Tuesday its open outcry facility will shut at the close of business on Friday September 29 […]
‘s “noodle bowl” effect
TOKYO, July 25, 2006 (AFP) – The breakdown of the WTO talks is likely to encourage the further proliferation of bilateral free trade pacts in Asia that have raised concerns about a “noodle bowl” of overlapping rules, analysts said. East Asian nations have already been rushing to negotiate individual agreements to remove barriers to trade, […]
Choices: Work with the Disaster Act or fix its flaws?
July 25, 2006 (LBO) – The 2004 tsunami was a shock. One out of 500 Sri Lankans died in the short space of three and a half hours when walls of water hit them without even one minute of official warning. We all agreed then that things could not go on the way they had. […]
Breakthrough
July 25, 2006 (LBO) – The Sri Lankan government bought two weeks grace period from petroleum sector trade unions late Tuesday, with fuel stocks expected to hit Colombo city by midnight. Unions struck work demanding Asantha de Mel, the head of a key petroleum facility is removed, as they feared his appointment was the first […]
Sri Lanka urges nationals in Lebanon to stay put
July 25, 2006 (AFP) – Sri Lanka, which has the largest contingent of expatriate workers in Lebanon, wants those trapped in the conflict to stay put and those who have fled the bombings to return, a minister said Tuesday. “We are not encouraging them to come back. In fact, we want them to go back […]
Sri Lanka seeks help for tens of thousands in Lebanon
Commercial Bank Chairman Mr Sharhan Muhseen, Deputy Chairman Mr Raja Senanayake, Managing Director/CEO Mr Sanath Manatunge, and Chief Operating Officer Mr S. Prabagar with CSE Chairman Mr Dimuthu Abeyesekera and representatives of the CSE at the ringing of the opening bell July 24, 2006 (AFP) – Sri Lanka is seeking urgent help to evacuate workers trapped […]
Macau to lead the way in Asia’s gaming boom: industry
SINGAPORE, July 24, 2006 (AFP) – Casino gaming is increasingly accepted as a revenue stream for Asian governments and the sector is set to continue growing phenomenally with Macau leading the way, industry players said Monday. From Australia to Singapore and other Asian countries, the region’s governments now recognise that integrated gaming “resorts”, offering casino […]
Sri Lanka Central Bank ups rates; more hikes likely
July 24, 2006 (Dow Jones)–The Central Bank of Sri Lanka raised the repurchase rate and the reverse repo rate by 12.5 points each over the weekend, the second consecutive hike this year, pushing both rates up to a three-year high in a bid to fight inflationary pressures and support the rupee. But analysts say the […]