Author: lbostgadmin
Legal Meet
Jan 23, 2009 (LBO) – Sri Lanka’s lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of information technology (ICT), its organizers said. Intellectual Property and Information Technology (IT), Legal issues arising out of outsourcing software development contracts, Telecommunication and legal implication on Mobile […]
Sri Lanka tea prices on the upswing
Jan 23, 2009 (LBO) – Prices of tea, Sri Lanka’s main export commodity, rose again at this week’s Colombo auction on strong demand from traditional markets like Russia and the Middle East. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Brokers said there was good demand for […]
Liquidity
Jan 23, 2009 (LBO) – Sri Lankan registered finance company sector (RFC) which has been shaken by recent collapses of unregulated institutions should be able to overcome liquidity problems, a rating agency has said. RAM Ratings say that the collapse of Sakvithi and Golden Key, two unregulated firms had affected public confidence. “So much so […]
Long Voyage
Jan 23, 2009 (LBO) – Sri Lanka’s Galle port is sprucing itself up with a new yacht marina in a bid to attract the high-spending sailors who sail past the island’s south coast on their round-the-world voyages. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “The facilities […]
Dollar Account
Jan 23, 2009 (LBO) – The Sri Lanka Ports Authority (SLPA) is awaiting government approval to operate a ‘dollar account’ to cut mounting foreign exchange losses due to a strong rupee and an appreciating yen, a senior official said. “We are planning to get a dollar account. If we can get permission from central bank […]
Sri Lanka urged to act on human rights abuses
Jan 22, 2009 (LBO) – Britain has urged the Sri Lankan government to take strong action to prevent human rights abuses and called on both sides to the ethnic conflict to ensure the safety of civilians. “Creating an environment in which people from all communities in Sri Lanka live without fear is essential to creating […]
Sri Lanka revise India tour schedule
January 22, 2009 (AFP) – The central town of Dambulla will host just one match instead of two during India’s upcoming tour of Sri Lanka, the two cricket boards said in a statement on Thursday.Dambulla, which was due to hold the first two matches of the five-match one-day series, will now host only the opening […]
Malaysian police on alert for Tamil Tiger leader: report
KUALA LUMPUR, January 22, 2009 (AFP) – Malaysia is on alert for Sri Lankan Tamil Tiger chief Velupillai Prabhakaran, saying he may have fled here after troops surrounded his last remaining stronghold, according to reports Thursday.Police chief Musa Hassan told the New Straits Times daily he had ordered a nationwide alert following reports that Prabhakaran, […]
Sri Lanka says troops seize Tiger command centre
January 22, 2009 (AFP) – Sri Lankan troops have seized a Tamil Tiger command centre in the island’s north as ground troops advance further into the rebels’ remaining territory, a military official said on Thursday.Security forces found briefing rooms containing detailed maps at the facility in the district of Mullaittivu, where the Liberation Tigers of […]
Sri Lankan Tigers block UN staff from leaving
January 22, 2009 (AFP) – The United Nations Thursday accused Sri Lanka’s Tamil Tigers of preventing its staff from leaving rebel-controlled areas in the north of the island.The UN said several of its local staff and their families were prevented from leaving Thursday with a convoy that had earlier taken food and emergency supplies to […]
Profitable Calls
NEW DELHI, January 22, 2009 (AFP) – Top Indian mobile phone firm Bharti Airtel reported a third-quarter net profit rise of 25 percent Thursday after signing a record number of users in the world’s fastest-growing cellular market. Net profit in the three months to December-end jumped to 21.59 billion rupees (434 million US dollars) from […]
Capacity Problem
Jan 22, 2009 (LBO) – Sri Lanka’s top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do its job effectively.Channa de Silva, director general, of the Securities and Exchange Commission, said the lack of staff at the watchdog body was one reason it could not […]