Author: lbostgadmin
Cuba to axe one million state jobs
HAVANA, September 14, 2010 (AFP) – Cuba has announced plans to slash one million state jobs and encourage the growth of its emerging small business sector in a gamble it hopes can keep its communist system and floundering economy afloat. Workers laid off from government jobs will no longer be sent home with partial pay, […]
” by S&P
Sept 14, 2010 (LBO) – Standard & Poor’s has raised its long-term foreign currency sovereign credit rating on Sri Lanka to ‘B+’ from ‘B’ and the long-term local currency rating to ‘BB-‘ from ‘B+’ with a stable outlook, a statement said. At the same time, Standard & Poor’s confirmed the ‘B’ short-term rating on the […]
Info on Tamil refugees stolen in Canada break-in
MONTREAL, September 13, 2010 (AFP) – Information about the 492 Tamils refugees who arrived in Canada last month aboard a cargo ship has been stolen from a Tamil organization in Toronto, the group said Monday. The Canadian Tamil Congress (CTC), which serves as the voice of Tamil Canadians, said that someone broke into its headquarters […]
Health Message
Sept 14, 2010 (LBO) – Sri Lanka has successfully done a trial project that helps early detection of killer communicable diseases using mobile phones to send data that also reduces costs, officials said. The ‘real-time bio-surveillance programme’ enables the rapid detection and notification of potential health outbreaks through mobile phones, software applications and a Web […]
Sri Lankan stocks close up 0.72-pct
Sept 14, 2010 (LBO) – Sri Lankan stocks continued their rally to close at a new high Tuesday, on price gains on selected midcap stocks on low volume trading, while Distilleries Company, Richard Pieris and Aitken Spence boosted turnover, brokers said. Distilleries Company of Sri Lanka, another index heavy share closed at 184.00 rupees, up […]
Sri Lanka begins road show to market $1bn bond
Sept 14, 2010 (LBO) – Sri Lanka has kicked off a road show to sell a billion dollar sovereign bond later this month, a media report said. Officials and investment banks promoting the issue will meet fund managers till September 24, a Bloomberg newswires report said. Investor meetings will be held in Singapore, Hong Kong, […]
Sri Lanka 83rd in Forbes best countries for business list
Sept 13, 2010 (LBO) – Sri Lanka has been ranked 83rd in the latest Forbes Best Countries for Business list, behind India which was placed 77th but ahead of Pakistan at 92 and Bangladesh at 109. Denmark tops the list, followed by Hong Kong in second place, New Zealand in third, Canada in fourth and […]
Klinger gatecrashes South African party to tame Lions
CENTURION, September 12, 2010 (AFP) – Michael Klinger gatecrashed a South African party at the Champions League Twenty20 tournament on Sunday and led South Australia Redbacks to a 11-run victory over Highveld Lions. Skipper Klinger and Callum Ferguson added 97 runs for the third wicket as the slow-starting Redbacks finished with a run flourish to […]
India shares breach 19,000 points level
MUMBAI, September 13, 2010 (AFP) – India’s main stock market on Monday crossed the key 19,000 points marks to its highest level for more than two years, boosted by optimism about growth in Asia’s third largest economy, dealers said. The 30-share Sensex hit a day’s high of 19,095. 74 in morning trade, before retracing marginally […]
Hospital Expansion
Sept 13, 2010 (LBO) – Sri Lanka’s Asiri Hospitals group has acquired a firm with land in the central hill country capital of Kandy with approval to build a hospital, a stock exchange filing said. In April Asiri Hospital said it had bought a 40-bed hospital in the island’s southern Matara area for 160 million […]
Sri Lanka tourist arrivals up 35-pct in August
Setp 13, 2010 (LBO) – Tourist arrivals to Sri Lanka was up 35.7 percent to 55,898 in August led by Indians and Britons, with visitors during the first eight months up 46.7 percent from a year earlier, tourism office data showed. In the first eight months Western Europe generated 162,500 visitors up 50.4 percent, South […]
Basle III
ZURICH, September 12, 2010 (AFP) – Banks will be required to lift their reserves substantially under “landmark” new rules drawn up Sunday by central bankers and regulators seeking to prevent a repeat of the recent financial crisis. The new regulations, called Basel III, would force banks to more than triple their current reserves and would […]