Author: lbostgadmin
Sri Lanka power supply fails country-wide
April 13, 2008 (LBO) – Sri Lanka’s national power grid operated by state-run Ceylon Electricity Board (CEB) failed late morning Sunday as the island was preparing to celebrate a local New Year festival. By 11.30 am the power utility had started restoring supply to part of the capital Colombo. Officials said a generator in the […]
Clashes leave dozens dead in Sri Lanka: ministry
April 13, 2008 (AFP) – Sri Lanka marked its traditional new year Sunday with government forces and Tamil separatists locked in fierce combat resulting in losses on both sides, defence officials said.Security forces pounded Tamil Tiger positions in the rebel-held northern Wanni region and troops smashed bunkers belonging to rebels in the Jaffna peninsula, further […]
Sri Lanka poultry breeder shifts to modern facility
April 13, 2008 (LBO) – Poultry breeder Three Acre Farms Limited (TAFL) plans to relocate some of its operations to a facility which is being fitted with modern farming equipment and infrastructure, the company said. “Over the next two years, the commercial broiler operation at Bulathsinghala will be relocated and the existing facility will be […]
Sri Lanka lifts tax surcharge from personal incomes
April 12, 2008 (LBO) – Sri Lanka has lifted a surcharge on personal income tax from February 2008, but it would remain in place for companies, the government said Saturday. The government said by public advertisement that a ‘social responsibility levy’ charged from personal income taxes would be withdrawn. Sri Lanka charged a one percent […]
Cooling inflation in Sri Lanka and Vietnam a priority rather than growth: IMF
April 12, 2008 (LBO) – Though some Asian nations are worried about slower growth in the wake of financial turmoil in the US, countries like Sri Lanka and Vietnam should focus on inflation, a top IMF official said. “I would say Vietnam is a case, inflation is running close to 20 percent. They need to […]
Sri Lankan president urges unity as 10 more deaths reported
April 12, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse called for national unity Saturday in his traditional New Year message as 10 more deaths were reported in the conflict-racked nation.“It is my conviction that we would be strengthened by engaging in New Year traditions and customs as one nation,” Rajapakse said in a message […]
‘s two-wheeler boom
SINGAPORE, April 12, 2008 (AFP) – Record high oil prices, environmental concerns, affluent lifestyles as well as the need to dodge city traffic are driving a boom in Asia’s motorcycle and bicycle market, industry figures say.The rediscovery of cycling as a way to keep fit is also helping to boost demand for two-wheelers, those at […]
Rising inflation in Europe prompts strike threats
PARIS, April 12, 2008 (AFP) – Inflation in Europe, far from being throttled as suggested in some quarters only 18 months ago, is alive and kicking hard at the middle classes as well as ordinary workers.Price rises, and consequent constraints on living standards, are pushing trade unions into confrontation with management in many countries. A […]
”: Paulson
WASHINGTON, April 12, 2008 (AFP) – The global economy faces “considerable challenges” in the shape of a slowing US economy, financial market turmoil and higher inflation, US Treasury Secretary Henry Paulson said Saturday. Paulson, addressing the spring meeting of the International Monetary and Financial Committee, said global growth had been favorable in past years but […]
Price Competition
April 12, 2008 (LBO) – Sri Lanka’s Electroteks which is to operate the island’s sixth mobile telephony firm with India’s Reliance says it will be offering stiff price competition to existing players. Updated Electroteks is to tie up with India’s Reliance Communications (RCom) to start mobile services. Electroteks chief B A C Abeywardene says the […]
Bad Justice
April 12, 2008 (AFP) – A Sri Lankan court has released a man who was held in custody for 55 years without charge, a report said on Saturday. Thantriye Emis Singho, 83, was arrested by police in 1953 for carrying a sword in a Colombo suburb. A court sent him to a state-run mental hospital […]
Sri Lanka JVP lawmaker arrested in latest twist in split drama
April 11, 2008 (LBO) – A lawmaker of Sri Lanka’s Janatha Vimukthi Peramuna (JVP) party was arrested Friday for stealing tax-free vehicles bought by rebel members of the party in the latest twist in an unfolding political drama following a major split in the party. Parliamentarian Jayantha Weerasekera was remanded till April 17 after he […]