Author: lbostgadmin
UN urges Sri Lanka to free its staff, respect human rights
UNITED NATIONS, September 11, 2009 (AFP) – The United Nations on Thursday called on Sri Lanka to respect the human rights of two UN employees who have been held without charge since June on suspicion of collaborating with Tamil separatists. One of them, Charles Raveendran Navaratnam, was working for the UN refugee agency UNHCR in […]
Sri Lankan court frees Tiger officials on bail
September 11, 2009 (AFP) – A Sri Lankan court on Friday released on bail two members of the Tamil Tiger rebel group who gave themselves up a month before the military leadership of their movement was wiped out, officials said.Court officials said former Tiger spokesman Velayudam Dayanidi, better known as Daya Master, and a top […]
Indian ministers revolt over economy air travel: reports
NEW DELHI, September 11, 2009 (AFP) – Indian Prime Minister Manmohan Singh has backed down after his cabinet revolted against an austerity drive that would have forced ministers to fly in economy class, reports said Friday.Singh faced a barrage of complaints when he chaired his weekly meeting on Thursday over a series of cost-cutting steps […]
”’s Jet Airways enters fourth day
MUMBAI, September 11, 2009 (AFP) – India’s second-largest private airline, Jet Airways, on Friday cancelled 171 flights, including 16 on international routes, as a stand-off between pilots and management entered a fourth day.But the further grounding of planes came amid hopes of an end to the dispute, as pilots prepared to meet bosses and India’s […]
Indonesia detains 56 Afghan migrants: navy official
MATARAM, September 11, 2009 (AFP) – Indonesia has detained 56 Afghan migrants off the eastern island of Lombok who were attempting to travel by wooden boat to Australia, a navy official said Friday. The migrants’ boat was intercepted in the waters near Papakan island east of Lombok last night, local navy official Colonel Nanang Eko […]
Sri Lanka tea estate wage talks deadlocked
Sept 11, 2009 (LBO) – Sri Lankan plantations companies and labour unions failed to agree on a wage hike at talks Thursday and are set to resume negotiations Friday morning, officials said.S Ramanathan of the Joint Plantations Trade Union Centre, one of the three main unions negotiating with employers, said both sides remained far apart […]
Sri Lanka needs massive increase in hotel rooms
Sept 11, 2009 (LBO) – Sri Lanka needs a massive increase in hotel accommodation to cope with the anticipated influx of tourists with the end of the 30-year ethnic war, a senior travel trade official said.“The eradication of terrorism and the country returning to normal have created a window of opportunity and conducive business environment […]
Sri Lankan shares up 8.0-pct during week
Sep 11, 2009 (LBO) – Sri Lankan shares closed up Friday as retailers remained bullish and bet on stocks almost across the board, while high-net-worth investors eyed the banking and hotel sectors and conglomerate John Keells Holding (JKH), brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 1.75 percent (48.89 points) to […]
Sri Lanka to bond deal draw top investment banks
Sept 11, 2009 (LBO) – Sri Lanka is getting closer to choosing managers for a 500 million US dollar bond with top names in the international investment banking circuit making presentations to the island’s authorities. Sri Lanka has been attracting the attention of big international names of late, more than a billion US dollars pouring […]
Sri Lanka power plants shut down over fuel snag
Sept 10, 2009 (LBO) – Several power plants supplying Sri Lanka’s national power grid has shut down following problem with furnace oil supplied by state-run Ceylon Petroleum Corporation, power sector officials said. Around 270 MegaWatts of capacity held by independent power producers had been taken off line following a problem that is believed to be […]
Menswear comes of age with first India fashion week
NEW DELHI, September 10, 2009 (AFP) – India is set to host its inaugural men’s fashion week from Friday, which observers say is a long overdue nod to a growing and lucrative market often overshadowed by women’s clothes.The event in the capital New Delhi hopes to capture the interest of India’s millions of young males, […]
Turnaround Strategy
Sept 10, 2009 (LBO) – A write-off of old equipment will help Sri Lanka’s Dialog Telekom, a unit of Malaysia’s Axiata, lower costs, support higher call volumes in a turnaround strategy after positing a record quarterly loss, an official said. A six billion rupee network equipment write-off drove up losses to a record 7.6 billion […]