Author: lbostgadmin
Sri Lanka beaten by China in Asian outsourcing race: IBM report
Dec 07, 2010 (LBO) – Sri Lanka and China are emerging as key destinations for services investments, while Phillipines has overtaken India as the top ranked outsourcing centre, a report by IBM, a global information technology firm has said. In IBM’s Global Location Trends report for 2010 Philippines claimed top place displacing India for the […]
Sri Lanka got N Korea arms despite US protests: leaked cables
WASHINGTON, December 6, 2010 (AFP) – US diplomats play a major role in trying to prevent arms from reaching world hotspots, but cables released to The New York Times show an uphill battle against the likes of Iran, Syria and North Korea. In one cable given to the paper by WikiLeaks, Syrian President Bashar al-Assad […]
‘s rural rupee inspires tech innovations
NEW DELHI, December 7, 2010 (AFP) – India’s hunger for new technology is as sharp in its countless small villages as in its shiny office towers or shopping malls — and businesses are waking up to an area of massive potential growth. Specific designs being aimed at Indian villagers include a mobile phone cash-transfer system, […]
Sri Lankans offered Indian medical tourism packages
Dec 07, 2010 (LBO) – A range of medical treatment presently unavailable in the island will be made available to Sri Lankans in neighboring India at an affordable cost, a newly launched health tourism company said. “Our aim is to offer high quality health care at an affordable cost to middle income families,” Manilal Fernando, […]
Cargo Trends
Dec 07, 2010 (LBO) – Container volumes handled by the Sri Lanka Ports Authority (SLPA) hit a record two million in the 11 months to November 2010, up 26. 5 percent from a year ago, a statement said. Total containers handled by the port of Colombo would reach four million TEUs (Twenty-foot container Equivalent Units) […]
Terminal Tales
Dec 07, 2010 (LBO) – Container volumes at Sri Lanka’s South Asia Gateway Terminals (SAGT), a private transhipment facility in Colombo port, fell to a yearly low in November, latest statistics show. The private terminal has become a key source of profits for JKH in recent years, along with a bunker fuel unit in Colombo […]
Sri Lanka stocks close down 0.5-pct
Dec 07, 2010 (LBO) – Sri Lankan stocks extended loses Tuesday closing 0. 57 percent lower with index heavy stocks weakening though turnover rose of several large deals, brokers said. Seylan Bank shares were heavily traded with over 6. 15 million shares changing hands and the stock closing at 100.20, up 1.10 rupees. Contribution to […]
Sri Lanka targets low inflation, low poverty, high employment: CB Governor
Dec 06, 2010 (LBO) – Sri Lanka is hoping to bring down unemployment lower than the current 5. 2 percent and keep inflation and interest rates low to bring down poverty with higher growth, Central Bank Governor Nivard Cabraal said. “Poverty to has been brought down to 7.6 percent which would have taken many poeple […]
Sri Lanka economic growth projected at 8.0-pct in 2010
Dec 06, 2010 (LBO) – Sri Lanka’s full-year economic growth for 2010 is estimated at 8. 0 percent is based on the latest data, Central Bank Governor Nivard Cabraal said, firming an earlier forecast of 7.5 to 8.0 percent. “It is estimated by our statistics team that Sri Lanka will record a growth of 8. […]
Sammy hails Bravo as Sri Lanka series drawn
PALLEKELE, December 5, 2010 (AFP) – West Indies captain Darren Sammy said Darren Bravo’s highly impressive performances were chief among a number of plus points his team could take from the drawn Test series against Sri Lanka. The three-match series ended 0-0 on Sunday following rain-hit Tests in Galle, Colombo and Pallekele and they now […]
Bangladesh says pirates steering ship towards Somalia
DHAKA, December 6, 2010 (AFP) – A Bangladeshi-flagged vessel hijacked by pirates in the Arabian Sea off the coast of India was heading towards the Somali coast on Monday, the head of Bangladesh’s shipping department said. Officials said Bangladesh’s shipping department had also contacted a British anti-piracy office in Dubai and a regional anti-piracy office […]
Taking Action
Dec 06, 2010 (LBO) – Sri Lankan police found pirated software worth 7.5 million rupees in raids on an ‘international group of companies’ as part of a crackdown on software piracy, a statement said. Shalini Ratwatte, consultant, Business Software Alliance, said intellectual property protection “is vital for building investor confidence and supporting the growth of […]