Author: lbostgadmin
Sri Lanka president says victory is vote for him
April 9, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse said Friday his party’s resounding parliamentary victory was a vote of confidence in his socialist economic policies. The president, who was not a candidate at Thursday’s vote, said the landslide for his United People’s Freedom Alliance was a vote for his economic and social vision […]
India kicks off billion-dollar 3G auction
NEW DELHI, April 9, 2010 (AFP) – India’s mobile phone firms began bidding Friday to provide superfast third-generation (3G) services in the booming cellular market — a sale expected to reap the government billions of dollars. The auction of 3G spectrum will propel India firmly into the Internet era where rolling out landline broadband networks […]
Blocked
SYDNEY, April 9, 2010 (AFP) – Australia on Friday stopped accepting new Afghan and Sri Lankan asylum seekers as it cracks down on people smuggling to thwart an influx of boatpeople, Immigration Minister Chris Evans said. “Today I want to announce that the government is implementing an immediate suspension on the processing of all new […]
Sri Lanka expects leisure to loom larger in FDI
Apr 08, 2010 (LBO) – Telecom and power sectors which accounted for 65 percent of foreign direct investment to Sri Lanka in recent years will play a less dominant role as cash pours into leisure with an upturn in tourism, an official said. In the first quarter of this year around 250 million US dollars […]
‘s hold
April 8, 2010 (AFP) – Sri Lankans were voting Thursday in a parliamentary poll that is widely expected to see President Mahinda Rajapakse’s ruling party march to a comfortable win over the fractured opposition. For many Sri Lankans, it is the first parliamentary election in which they can vote without fear of Tamil Tiger violence […]
Sri Lanka vote marred by violence, intimidation: monitors
April 8, 2010 (AFP) – A shooting incident and reports of intimidation — mostly by ruling party supporters — marred Thursday’s parliamentary elections in Sri Lanka, independent election monitors said. The Centre for Monitoring Election Violence (CMEV) reported 160 incidents of poll-related violence during the first four hours of balloting across the country. A shoot-out […]
Sri Lanka exports down in January as apparel shipments fall
Apr 08, 2010 (LBO) – Sri Lanka’s exports fell in January 2010 owing to a sharp fall in apparel shipments, the island’s main industrial export, despite higher agricultural export earnings, interrupting a recovery in the export sector, the Central Bank said. The bank said in a statement that exports fell 3. 9 percent to 472 […]
Indian space programme advances with satellite plan
BANGALORE, April 8, 2010 (AFP) – India plans to put a satellite into orbit using its indigenously built cryogenic rocket engine, marking another step in the nation’s ambitious space programme, officials said. Cryogenic rocket motors, which use supercooled liquid fuel, have been built by only six countries or regions in the world, with India joining […]
India corporate fraud rising: KPMG report
NEW DELHI, April 7, 2010 (AFP) – Corporate fraud, particularly involving financial statements, is on the rise in India as executives struggle to meet earnings targets, global consultancy KPMG said Wednesday. Forty-five percent of the 1,000 managing directors, chief financial officers and other top executives of leading Indian businesses declared fraud had increased within their […]
Sri Lanka March tourist arrivals up 53.7-pct
Apr 08, 2010 (LBO) – Sri Lanka’s March 2010 tourist arrivals rose 53.7 percent to 52,352 from a year earlier with more visitors from Western Europe, Middle East and South Asia, tourist promotions office data showed. Arrivals from Western Europe was up 52.3 percent to 69,877, Middle East 106 percent to 7,352, South Asia 53.4 […]
Sri Lanka stocks close 0.77-pct up
Apr 08, 2010 (LBO) – Sri Lankan stocks continued to rally and closed at a new high Thursday, as investors bought hotels and selected high value shares despite a shorter trading day owing to general elections, brokers said. Colombo’s All Share Price Index closed at 3,939.62, up 30.01 points, while the Milanka index of more […]
Sri Lankans wireline phones drop with mobile growth
Apr 17, 2010 (LBO) – Use of wireline phones, supplied only by the listed Sri Lanka Telecom, a former state monopoly, is on the decline, with subscribers shifting to mobile phones, the latest official data showed. The number of mobile connections increased by 25.9 percent to 13.9 million in 2009 from the year before, while […]