All Blogs
Three killed as Tigers clash with Sri Lankan troops laying mines
June 14, 2006 (AFP) – Tamil Tigers clashed with Sri Lankan soldiers who were laying mines deep within rebel territory, killing at least one trooper but losing two of their own, a pro-rebel website said Wednesday. A unit of the Liberation Tigers of Tamil Eelam (LTTE) Tuesday confronted the military personnel who had infiltrated guerrilla-held […]
PwC sets up new firm in Japan following its partner’s scandal
TOKYO, June 13, 2006 (AFP) – International accounting giant PricewaterhouseCoopers set up a new firm in Japan on Tuesday after its Japanese partner came under fire over financial fraud.PricewaterhouseCoopers Arata will begin operations from July 1 to service both domestic and international companies in Japan, the US-based company said in a statement. The establishment came […]
Wage Bank
June 13, 2006 (LBO) – State bank employees will get a salary hike of up to 20 percent under a new agreement with trade unions. Bank of Ceylon, People’s Bank, National Savings Bank and State Mortgage and Investment Bank is due to sign the deal next week, sources said. The wage rise has also been […]
Small Umbrella
June 13, 2006 (LBO) – Hatton National Bank, Sri Lanka’s second largest privately owned lender by assets, has stepped up its micro credit programme by offering subsidized insurance policies to customers, officials said Tuesday. By passing on the credit risk to an insurance, HNB also gets a chance to reduce the statutory capital set aside […]
Healthy Spat
June 13 (LBO) – Sri Lankan employers are to work with trade unions to build dialogue in key areas like health, education and power, under a European Union funded project. The 12 month project will work with three government sector departments and four private sector agencies on tools for negotiation, social dialogue and governance, a […]
Rat in the generator blacks out Cambodian capital
PHNOM PENH, June 13, 2006 (AFP) – A rat which bumbled into one of Cambodia’s largest power plants was blamed for blacking out the entire capital Phnom Penh and much of surrounding Kandal province over the weekend, a power official said Tuesday.Millions were cast into darkness Sunday night and sat through hours of sweltering heat […]
‘s scandal
TOKYO, June 13, 2006 (AFP) – International accounting giant PricewaterhouseCoopers set up a new firm in Japan on Tuesday after its Japanese partner came under fire over financial fraud.PricewaterhouseCoopers Arata will begin operations from July 1 to service both domestic and international companies in Japan, the US-based company said in a statement. The establishment came […]
Strike against higher fuel prices halts transport across India
NEW DELHI, June 13, 2006 (AFP) – Trucks, buses and some train services were halted Tuesday as part of a nationwide one-day strike against the government’s hike last week in fuel prices, reports said.In the capital New Delhi, hundreds of protesters waved placards and shouted slogans near the parliament while others burnt an effigy of […]
Bomb hoax halts traffic in Colombo
June 13, 2006 (AFP) – Traffic was held up along a highway in Sri Lanka’s main city of Colombo Tuesday following a bomb hoax, police said. An anonymous caller had warned of a bomb at a state bank building in the city but a search turned up nothing, a police official here said. Last month, […]
Sri Lanka’s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) — Sri Lanka’s central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a wait-and-see policy over the economy amid deteriorating security situation and a gradual rise in inflation. “There is at the present time no room for a Norwegian initiative in […]