Author: lbostgadmin
” to senior citizens as rates fall
Dec 28, 2009 (LBO) – Sri Lanka will give ’20 percent bonus’ interest for senior citizens as interest rates fell steeply over the past year on a scheme announced by the country’s president, a media report said.The Sunday Island newspaper said the Central Bank is preparing operating instructions for banks, which may be limit payments […]
Sri Lanka takes more time to study war crimes charges
December 28, 2009 (AFP) – Sri Lanka’s president has given legal experts four more months to study a US State Department report cataloging alleged war crimes on the island, the presidency said in a statement Monday.President Mahinda Rajapakse extended the December 31 deadline of the panel he appointed in November to formulate a response to […]
’s Sangakkara signs for Lancashire
LONDON, December 28, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara will be Lancashire’s overseas player next season, the English county announced Monday.The 32-year-old Sangakkara, one of the world’s leading batsmen, will arrive at Old Trafford once he has completed his international commitments at the World Twenty20 in the Caribbean and at the proposed Asia […]
Indian minister pans new visa rules on Twitter
NEW DELHI, December 28, 2009 (AFP) – India’s Twitter-loving junior foreign minister has used the microblogging site to criticise his government’s move to tighten rules for long-term tourist visas, his account showed Monday.Shashi Tharoor questioned the logic behind the tougher rules, saying the Islamist militants behind last year’s Mumbai attacks hijacked a boat and entered […]
Sri Lanka readies Ceylon tea intellectual property claim
Dec 28, 2009 (LBO) – Sri Lanka is readying a claim for intellectual property protection for different types of Ceylon tea under global ”Geographical Indicators’ rules that would help market the product, a senior official said.Sri Lanka Tea Board chairman Lalith Hettiarachchi said they are seeking recognition for GI indicators for seven tea growing districts […]
Transport Links
Dec 28, 2009 (LBO) – Aramex, a global transportation and logistics services company, has set up a joint venture with Delmege Forsyth Group, one of Sri Lanka’s oldest business houses, the two firms said in a statement.The joint venture company, Aramex Delmege Logistics, will provide a range of supply chain services, including warehousing and distribution, […]
Liner Moves
Dec 28, 2009 (LBO) – The Sri Lanka Ports Authority said it has managed to win back the custom of Mediterranean Shipping Company (MSC), a global container shipping line.SLPA chairman Priyath Wickrama said improved efficiency and productivity demonstrated by the JCT staff helped win back the MSC service.MSC’s ‘Golden Gate Pendulum Service’ began weekly calls […]
Sri Lanka stocks re-rated upwards, up 122-pct
Dec 28, 2009 (LBO) – Sri Lankan retail stock buyers are focusing on mid capitalised firms while high net worth investors are chasing blue chips up in a fresh re-rating of the market, which is up 122-pct so far this year, analysts said. “The traders will be slowly shifting towards midcap stocks expecting prices to […]
‘s decade reoriented the world: analysts
HONG KONG, December 27, 2009 (AFP) – Explosive growth in economic and political power ensured that the past 10 years set the foundations for what many analysts predict will be the Asian Century as the world tilts firmly eastwards.Many dangers lie ahead, but observers say the world’s two most populous countries — China and India […]
Sri Lankan migrant dies in Indonesia: official
JAKARTA, December 27, 2009 (AFP) – The body of an asylum seeker who died of a suspected stomach infection in Indonesia will be returned to Sri Lanka this week, a foreign ministry official said Sunday. The man, identified by Indonesian authorities as Jacob Samuel Christian, 29, died last Wednesday in hospital. His body will be […]
Sri Lanka-India one-dayer abandoned over poor pitch
NEW DELHI, December 27, 2009 (AFP) – Unfit pitch conditions at the Ferozeshah Kotla stadium forced the fifth and final one-day international between India and Sri Lanka to be abandoned on Sunday. Sri Lanka, sent in to bat, were 83-5 in the 24th over when the umpires stopped play after a ball from debutante seamer […]
Sri Lanka opposition presidential candidate defends economic prowess
Dec 26, 2009 (LBO) – Sri Lanka’s opposition presidential candidate, a former military general, defended his ability to manage the economy in a future administration saying he had the backing of the main opposition United National Party.The suffering of the people under a 1970s administration, where money printing led to price controls and shortages, largely […]