Author: lbostgadmin
Sri Lanka to hold local polls in east after 14 years
Jan 25, 2008 (LBO) –Sri Lanka’s elections department announced Friday plans to hold local council polls in the island’s eastern region on March 10, the first time in 14 years that voters in the troubled area will be able to vote. Submission of nominations for municipal and urban council polls in the eastern province was […]
”: lawyer
PARIS, Jan 24, 2008 (AFP) – The trader blamed for the near five-billion-euro fraud at French banking giant Societe Generale is “not on the run”, his lawyer said Thursday.The Paris prosecutor’s office opened a preliminary investigation into the scandal while scores of shareholders lodged suit against the bank for fraud and misconduct. “I can confirm […]
Davos adopts the caring face of capitalism
DAVOS, Switzerland, Jan 25, 2008 (AFP) – Corporate responsibility rather than profit was set to take centre stage in Davos on Friday, as the annual get-together of business chiefs turns its attention to issues of health, aid and development.“If every company here, if every country represented here would decide to divest from Iran, that can […]
Bank of Japan governor dismisses call for rate cut
TOKYO, Jan 25, 2008 (AFP) – Japan’s central bank chief on Friday dismissed a call for an interest rate cut in coordination with the US Federal Reserve, saying that current policies were enough to keep the economy firm.Central banks’ job is to “select appropriate policies by analysing outlooks of each country’s economy and prices even […]
LawAsiaICT2008
Jan 25, 2008 (LBO) — Sri Lankan regulators should look for all options to bring down the cost of mobile phone ownership as the industry has emerged as a key driver of economic growth, the head of the island’s top celco has said.Better connectivity has enabled people become more productive, he added. Business drivers in […]
Down Under
Jan 25, 2008 (LBO) — Australia is looking to supply coal to Sri Lanka’s power stations and also provide clean coal and natural gas technology that can improve the efficiency of thermal generation, its envoy to Colombo has said. “The government of course has plans to develop coal fired power generation in Sri Lanka and […]
‘s tea output dips in 2007, prices up
Jan 25, 2008 (LBO) – Sri Lanka’s tea production for 2007 fell by six million kilograms to 304 million kilograms as bad weather and the lagged effects of a strike hit production in the early part of the year, brokers said. Tea prices at the Colombo auctions have remained high in recent weeks and there […]
Net Security
Jan 25, 2008 (LBO) – Bank of Ceylon (BOC) has deployed international authentication services provider VeriSign’s hacking and identity theft countering security features in its online banking transactions in Sri Lanka. VeriSign’s Identity Protection Services (VIP) for BOC’s online banking customers will provide an extra layer of security through VeriSign’s multiple authentication scheme. The scheme […]
Travel Costs
Jan 25, 2008 (LBO) – The national transportation commission of Sri Lanka has authorised a hike in bus fares due to recent fuel price increase, but private bus owners say it is insufficient. The fare increases approved by the commission will be effective from February 1 and are meant to minimise the effects of recent […]
Sri Lankan share prices slump, trading dries up
Jan 25, 2008 (LBO) – Sri Lankan stocks weakened further Friday with trading drying up to just a trickle as investors stayed away from the market owing to political and economic uncertainty. The All Share Index fell 3.21 points to 2,433.50 while the liquid Milanka index closed hardly unchanged at 3,125.25. Turnover slumped to 66 […]
Sri Lanka panel urges power-sharing to end bloodshed
Jan 24, 2008 (AFP) – A peace panel including ruling party politicians told Sri Lanka’s president to devolve more power to minority Tamils as a first step to resolving the island’s long-running ethnic war, officials said Thursday.The panel, made up of President Mahinda Rajapakse’s Sri Lanka Freedom Party lawmakers and their allies, has been mulling […]
Sri Lanka police say mass grave found
Jan 24, 2008 (AFP) – The bodies of at least 16 people have been found in a mass grave in a government-controlled area of north-central Sri Lanka, police said Thursday.The decomposed bodies were found by local residents in the district of Anuradhapura, 206 kilometres (130 miles) north of Colombo, police said. “Investigations have now begun […]