Author: lbostgadmin
Chip Growth
Jan 21, 2011 (LBO) – Sri Lanka’s computer chip consumption will grow more than 25 percent in 2011 driven by growing information technology use and government measures to push IT literacy, an industry official said. In 2010 Sri Lanka is estimated to have used 260,000 chips, according to data by IDC, a market intelligence consultancy, […]
Naval Rescue
SEOUL, January 21, 2011 (AFP) – South Korean navy commandos Friday stormed a ship hijacked by Somali pirates in the Indian Ocean, rescuing all the 21 crew and killing eight pirates, military officials said. The SEAL special forces boarded the South Korean ship before dawn, freeing all the hostages and killing the pirates in cabin-to-cabin […]
Sri Lanka stocks close up 0.8-pct
Jan 21, 2011(LBO) – Sri Lankan stocks closed up 0.85 percent Friday with active retail trading in the manufacturing sector, brokers said. The All Share Price Index closed at 7,254.01, up 0.85 percent (60.91 points) while the Milanka Price Index of more liquid stocks closed at 7,292.95, down 0.11 percent (7.73 points) according to stock […]
Sri Lanka Jaffna hospital upgraded by Japan
Jan 20, 2011 (LBO) – Sri Lanka’s Jaffna hospital, the main state health facility in the former war torn northern peninsular is being upgraded with a 2. 9 billion rupee grant in a three year project which began Thursday, the Japan International Co-operation Agency said. A central facility to house surgeries, intensive care, diagnostic imaging, […]
”: watchdog
PARIS, January 20, 2011 (AFP) – Leading media freedom group Reporters Without Borders on Thursday accused Nobel-winning author Orhan Pamuk and other writers of legitimising repression in Sri Lanka by attending a literary festival there. Paris-based Reporters Without Borders (RSF) said it was “disturbing” that Sri Lanka should celebrate literature while suppressing freedom of expression […]
‘s IndiGo to start overseas flights
NEW DELHI, January 20, 2011 (AFP) – India’s ambitious budget airline IndiGo will start international operations in August, the company said in a statement, a week after it placed a huge order for 180 new aircraft. The aviation ministry has approved IndiGo’s proposal to launch services to Singapore, Bangkok, Dubai and Muscat. “IndiGo is delighted […]
Anti Smuggling
OTTAWA, January 19, 2011 (AFP) – Canadian Public Safety Minister Vic Toews renewed calls Wednesday for tougher measures to curb human smuggling, amid reports the defeated Tamil rebels are regrouping in his country. Toews said “new information” suggests that “syndicated criminal networks are organizing migrant smuggling ventures potentially destined for Canada. ” Without elaborating, he […]
Sri Lanka to open rice flour factory with state backing
Jan 20, 2011 (LBO) – Sri Lanka is opening a rice flour factory with a loan from a state bank re-financed by the central bank, the monetary authority said. The central bank said the monetary “in association with several key stakeholders and two state banks, is currently promoting rice based industries in the country with […]
Sri Lanka cable firm to build hotels
Jan 20, 2010 (LBO) – Sierra Cables, a listed power cable maker said it will build hotels in a joint venture with another group as strong tourist arrivals increased drew investment capital into the sector. Colombo is to see at least two 500 million dollar hotel and apartment development complexes on state land and existing […]
Text Reminders
Jan 20, 2010 (LBO) – Sri Lanka’s credit information office is planning a text message alert service by mobile phone for borrowers who forget to make credit card payments, an official said. The service is likely to be available by April. Sri Lanka has about four million borrowers. Gamini Karunaratne, general manager of the Sri […]
Sri Lanka stocks close at all time high, up 1.9-pct
Jan 20, 2011(LBO) – Sri Lankan stocks closed up 1.91 percent Thursday at an all time high, brokers said. The All Share Price Index closed at 7,193.10, up 1.91 percent (134.77 points) while the Milanka Price Index of more liquid stocks closed at 7,300.68, up 0.72 percent (52.48 points) according to stock exchange provisional figures. […]
UN seeks $51 million for Sri Lanka flood victims
January 19, 2011 (AFP) – The United Nations on Wednesday sought 51 million dollars to meet the urgent needs of more than one million people affected by recent monsoon floods in Sri Lanka. Bragg will end her visit on Friday after meeting with senior Sri Lankan government officials. The UN issued the appeal as its […]