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Lost & Found
COLOMBO, July 12, 2006 (AFP) – Sri Lanka announced Wednesday it would seize an estimated 30 million dollars in dormant bank accounts as part of a drive to clean up commercial bank books. Monetary authorities will use a provision under the Banking Act relating to “abandoned property” to access the dormant funds, Upali de Silva, […]
James Finlays ups capacity at its tea bagging plant
July 11 (LBO) – James Finlays has upped capacity at its tea factory, turning out bio-degradable tea bags to break into new markets in the United States and Europe. Finlays is about the sixth largest tea bag exporter in the country and the largest exporter to Japan, producing 1.5 million tea bags a day. With three […]
Trade Block
July 11 (LBO) – A tariff cut of up to 70 percent on goods like cement imported under the Indo-Lanka free trade deal, has been pushed back to September due to procedural delays. This will come into effect by September this year, that is our expectation and we are trying to speed it up, N […]
Illegal Stay
LONDON, July 12, 2006 (AFP) – The British government announced Wednesday it had ruled out the possibility of an anmesty for immigrants who are in the kingdom illegally, in a review of immigration procedures. “In the end a system that denies full rights to all migrants in the UK is both socially unjust and is […]
Asia in middle of shopping mall revolution, China and India leads
SINGAPORE, July 12, 2006 (AFP) – China and India are leading a revolution in the shopping centre industry in Asia but investors must have the business acumen, stamina and money to navigate regional markets, industry players said Wednesday. Driven by strong economic growth and rising disposable incomes, hundreds of shopping malls have sprouted across the […]
Singapore to export government expertise
SINGAPORE, July 12, 2006 (AFP) – Singapore said Wednesday it will share the city-state’s expertise with interested foreign governments in areas such as airport management, education systems and homeland security through a newly formed company. The not-for-profit Singapore Cooperation Enterprise (SCE) will be the main vehicle for the city-state’s public sector to share its experiences […]
”s hard life
NEW DELHI, July 12, 2006 (AFP) – For many affluent Indians, the ideal servant is one who is seen and not heard, rises early to get the kids off to school and uncomplainingly serves the family their last cup of tea at night. They don’t want to hear any heart-wrenching or even mundane details of […]
Two policemen killed in Sri Lanka blast
July 12, 2006 (AFP) – Two policemen were killed Wednesday in a landmine attack by suspected Tamil Tiger guerrillas in Sri Lanka’s northern Jaffna peninsula, defence officials here said.The constables were travelling in a pick-up truck when it hit a Claymore mine at Nallur in the Jaffna peninsula, the officials said. The attack came a […]
Emergency heart surgery for Sri Lanka rebel spokesman
July 12, 2006 (AFP) – A Tamil Tiger rebel spokesman suffered a heart attack and was being rushed to a hospital in the Sri Lankan capital Wednesday for urgent treatment, a government minister told AFP.Velayudam Dayanidi, better known as Daya Master, was being brought to Colombo from the northern rebel-held town of Kilinochchi to undergo […]
Sri Lanka seeks unity to fight terrorism after Mumbai attacks
COLOMBO, July 12, 2006 (AFP) – Sri Lankan President Mahinda Rajapakse urged the international community Wednesday to unite and fight terrorism following a series of bomb blasts in neighbouring India that killed more than 180 people. “Yesterday’s bomb attacks in India draw attention to the need for cooperation among all countries on the need to […]