Author: lbostgadmin
Sri Lanka state tv news chief replaced
Jan 29, 2008 (LBO) – The news chief of Sri Lanka’s state television station, who was assaulted by a government minister who stormed the newsroom in the company of thugs last month, has been replaced. “There have been repeated threats and after the incident it was difficult for me to carry out my duties,” former […]
Sri Lanka court orders burial for mass grave victims
Jan 28, 2008 (AFP) – A Sri Lankan judge Monday ordered the state to carry out dignified burials for 16 people who had been killed execution-style and dumped in shallow graves within a government-controlled part of the island. A magistrate in the area where the bodies were found asked the top district administrator and the […]
Sri Lanka to get hi-tech naval radar from Canada: report
Jan 29, 2008 (LBO) – Sri Lanka is installing a hi-tech radar capable of detecting small boats of the type used by the Sea Tiger rebels as well as small aircraft, a media report said. The high-frequency (HF) surface wave radar, developed at a cost of 39 million Canadian dollars by Ottawa defence scientists and […]
Sri Lanka troops advance, 69 dead: military
Jan 29, 2008 (AFP) – Sri Lanka’s government said Tuesday its soldiers had advanced into territory held by the Tamil Tigers in the north of the island, with the death toll from two days of fighting at 69.Troops smashed 16 guerrilla bunkers in the district of Mannar on Tuesday after killing at least 22 rebels, […]
‘s Harbhajan cleared of racial abuse charge
ADELAIDE, Australia, Jan 29, 2008 (AFP) – Indian off-spinner Harbhajan Singh was cleared Tuesday of racially abusing Australia’s Andrew Symonds, the International Cricket Council said. Harbhajan pleaded guilty to a lesser charge of using abusive language and was fined 50 percent of his match fee by appeals commissioner John Hansen, ICC spokesman Sami-ul-Hasan told reporters […]
Subprime crisis sends chill through Arctic Circle
OSLO, Jan 29, 2008 (AFP) – Perhaps the most unlikely victims of the US subprime crisis are eight small Norwegian towns currently licking their wounds after seeing tens of millions of dollars in risky investments go up in smoke.A soaring number of defaults on US subprime mortgages, or loans made to people with poor credit […]
French rogue trader freed after escaping fraud charges
PARIS, Jan 28, 2008 (AFP) – French judges placed rogue trader Jerome Kerviel under formal investigation on Monday but stopped short of charging him with fraud and decided he could walk free from police custody.Shares in Societe Generale, where Kerviel is alleged to have lost more than seven billion dollars, took a battering as allegations […]
Dollar drops against yen with all eyes on Fed
TOKYO, Jan 29, 2008 (AFP) – The dollar slipped against the yen in Asian trade on Tuesday as traders bet on another US interest rate cut this week to try to ward off a US recession, dealers said.The dollar slipped to 106.71 yen in Tokyo midday trade from 106.87 in New York late Monday. But […]
Sri Lanka Brandix in organic apparels
Jan 29, 2007 (LBO) — Sri Lanka’s top apparel maker Brandix has penetrated the ‘organic’ garment market with a number of top international labels placing orders, the company said. It supplies Gap, Marks & Spencer, Victoria’s Secret, NEXT, Lands End, Ann Taylor, Abercrombie & Fitch and Tommy Hilfiger. Brandix has already supplied more than 10,000 […]
Death Row
Jan 29, 2008 (LBO) — Two more Sri Lankan have been sentenced to death in Saudi Arabia, media reports said, while Amnesty International said they were convicted without legal representation on ‘confessions’ obtained under duress.Haleema Cadre from Kalmunai, a mother with an 8-year old son, her husband who is an Indian national and K M […]
Education Venture
Jan 29, 2008 (LBO) – A top apparel group in Sri Lanka has started an education institute to boost soft skills in English, information technology and apparel manufacture to the bridge gap in the island’s education system. “My vision is to see Sri Lanka recognized as a destination for knowledge and innovation within the next […]
Rate Hike
Jan 29, 2008 (LBO) – A grouping of shipping lines calling at Colombo port have given notice of a sharp increase in freight rates to Europe, citing rising fuel prices and port delays in the region. But exporters have raised doubts whether the 19 container shipping firms, known as the India, Pakistan, Bangladesh, Ceylon (IPBCC) […]