Author: lbostgadmin
Fuel Switch
Dec 09, 2010 (LBO) – Sri Lanka is looking closely at using liquefied natural gas (LNG) for power generation and transport, according to a note by the island’s petroleum and power ministries. LNG is cheaper than diesel and LPG and also cleaner, producing less harmful emissions, and its high purity results in higher thermal efficiency […]
Sri Lanka CPC gets refuelling facility at new airport
Dec 09, 2010 (LBO) – Sri Lanka’s state-owned oil refiner has been given the go-ahead to fund the construction of an aircraft refuelling facility at a new international airport being built in the south, a statement said. It currently operates a refuelling facility at the island’s sole international airport at Katunayake, north of Colombo. The […]
Riot police in streets after Bangladesh stocks dive
DHAKA, December 8, 2010 (AFP) – Riot police took to the streets of the Bangladeshi capital on Wednesday to control thousands of angry investors protesting over a dramatic fall in shares on the national stock exchange. Protesters burnt office furniture in front of the Dhaka Stock Exchange building and brought traffic in the centre of […]
‘s 35-dollar computer
NEW DELHI, December 9, 2010 (AFP) – The Indian government won headlines around the world when it unveiled a prototype 35-dollar tablet computer in July, but questions are now growing over whether the project is just a pipe dream. “The One Laptop per Child Association in the US was difficult to comprehend and there was […]
Call Competition
Dec 09, 2010 (LBO) – The removal of a tariff floor by Sri Lanka’s telecommunications regulator could see the resumption of a price war that led to loss among mobile phone operators, Fitch Ratings has warned in a report. “Dialog also benefited from reduced tariff pressure within the mobile industry and its strong market share […]
Convenient Card
Dec 09, 2010 (LBO) – Sri Lanka’s Commercial Bank has begun issuing chip-integrated credit and shopping debit cards under the Visa brand, a statement said. The service of Oberthur Technologies was obtained for the provision of chip cards and chip card personalisation software while equipment provided by Datacard was used for card personalisation. The chip […]
Risky Voyage
NAIROBI, December 9, 2010 (AFP) – Somali pirates have released a Saudi oil tanker along with its 14-member crew which they seized nine months ago after a ransom was paid, a maritime watchdog said on Thursday. One act of piracy out of every two worldwide is carried out off the coasts of Somalia or in […]
Rain Effect
Dec 09, 2010 (LBO) – The scheduled opening of an expressway linking Sri Lanka’s capital Colombo with the south next year will be delayed as heavy rain has impeded construction work on low-lying sections, an official said. The expressway is expected to result in greater economic development of the long-neglected southern region. The first phase […]
Sri Lanka stocks close down 0.1-pct
Dec 09, 2010 (LBO) – Sri Lankan stocks ended down 0. 13 percent Thursday, with only limited retail participation in the market, brokers said. The All Share Price Index closed at 6,445. 77, down 0.13 percent (8.54 points) while the Milanka index of liquid stocks dipped 0. 04 percent (3.05 points) to close at 6,915.89, […]
Opening Shot
Dec 08, 2010 (LBO) – Shares of Sri Lankan liquid petroleum gas supplier Laugfs Gas, sold at 23 rupees in a public offer, opened higher but came under selling pressure, brokers said. The firm offered 75 million ordinary shares at 23 rupees to raise 1,725 million rupees, and 52 million non-voting shares at 15 rupees […]
Nineteen countries decline Nobel ceremony invite: organisers
OSLO, December 7, 2010 (AFP) – Nineteen countries will shun Friday’s Nobel Peace Prize ceremony in Oslo for jailed Chinese dissident Liu Xiaobo, the Nobel Institute said, following Chinese pressure for a global boycott. “You only have to look at the figures. The vast majority of countries invited will be represented,” Nobel Institute director Geir […]
Sri Lankan migrants held in Thailand
BANGKOK, December 8, 2010 (AFP) – Thai authorities said Wednesday they had arrested 45 migrants from Sri Lanka in the latest of a series of crackdowns in recent months. Sri Lanka’s crackdown on the Tamil Tigers, which ended a lengthy civil war last year, has resulted in a flood of people seeking asylum in other […]