Author: lbostgadmin
Multilingual
SAN FRANCISCO, May 7, 2010 (AFP) – Internet addresses written in Arabic are making history as the first online domains in non-Latin characters, with Chinese and Thai expected to follow close behind. “For the first time in the history of the Internet, non-Latin characters are being used for top-level domains,” the Internet Corporation for Assigned […]
Mobile Move
May 07, 2010 (LBO) – Plans by Sri Lanka’s telecommunications regulator to introduce mobile phone number portability, allowing subscribers to switch networks while using the same number, could threaten industry profitability, Fitch Ratings said. Implementation of Mobile Number Portability (MNP) could increase subscriber acquisition and retention costs within the industry, it said in a statement. […]
Sri Lanka tea export earnings hit new high
May 07, 2010 (LBO) – Sri Lankan tea export earnings in the three months to March 2010 hit a new high in rupee terms although lower volumes were shipped compared with recent years, brokers said. Forbes & Walker Tea Brokers said Sri Lanka’s tea exports in March 2010 fell by about five million kilos to […]
Sri Lanka shares becalmed, Nawaloka in demand
May 07, 2010 (LBO) – Sri Lankan stocks closed almost flat Friday with Nawaloka Hospitals heavy traded after it sold a stake in a debt-ridden hotel, and better March quarter earnings boosting investor sentiment, brokers said. The All Share Price Index closed at 4,223.13, up 0.08 percent (3.53 points) while the more liquid Milanka index […]
Sri Lanka allows forex accounts for overseas service providers, employees
May 07, 2010 (LBO) – Sri Lankan companies providing a range of international services and their employees earning foreign exchange income can open foreign currency accounts at commercial banks from Friday, the central bank said. Companies and individuals providing the following categories of international services and their employees can open foreign currency accounts: Accountancy, tax […]
Sri Lanka Seylan Bank profits up in March quarter
May 06, 2010 (LBO) – Sri Lanka’s Seylan Bank group has reported profits of 195.5 million rupees in the March 2010 quarter from break-even levels a year earlier with wider interest margins boosting the bottom line. Group interest income fell 34.6 percent to 4,052 million rupees, but interest expenses fell at a faster 54. 6 […]
Sri Lanka ex-army chief vows to expose war crimes
May 6, 2010 (AFP) – Sri Lanka’s ex-army chief Thursday vowed to “expose” any war crimes committed during the end of the country’s civil war last year and said he would go “out of his way” to assist with a probe. General Sarath Fonseka, who fell out with President Mahinda Rajapakse and quit after successfully […]
Sri Lanka to send team for talks on GSP trade deal
May 06, 2010 (LBO) – Sri Lanka is to dispatch a team of officials to Brussels later this month to try to extend a key European Union trade deal that is to be withdrawn on human rights concerns, an official said. Foreign Minister Gamini Peiris told parliament the team for talks on May 20-21 will […]
Sri Lanka coastal lagoons threatened by mangrove planting: researcher
May 06, 2010 (LBO) – Sri Lanka’s coastal lagoons could be threatened by rapid sedimentation as a side-effect of fresh mangroves planted by humans for protection against a possible future tsunami, a researcher has warned. “However this activity ranked highest among investments made both by government and non-governmental organizations,” Samarakoon told a forum organized by […]
Future Challenge
May 06, 2010 (LBO) – Students of the science faculty of Sri Lanka’s Colombo University and the Rotaract Club have teamed up to bring students closer to the island’s corporate sector. The organizers say cubicles with lighting and fans and refreshment will be provided for company representative to interview undergraduates. Waiting rooms will have projectors […]
Selling Down
May 06, 2010 (LBO) – Sri Lanka’s listed Sampath Bank has sold down more of its stake in a Bangladesh finance firm, the bank said in a series of disclosures in the Dhaka stock exchange. On April 19 Sampath Bank as a corporate sponsor of the LankaBangla Finance said it had sold a total of […]
Wider Margins
May 06, 2010 (LBO) – Sri Lanka’s Seylan Bank group has reported profits of 195.5 million rupees in the March 2010 quarter from break-even levels a year earlier with wider interest margins boosting the bottom line. Group interest income fell 34.6 percent to 4,052 million rupees, but interest expenses fell at a faster 54.6 percent […]