Author: lbostgadmin
Sri Lanka plays host to anti-terrorism meet
Oct 17, 2007 (LBO) –Experts on combatting terrorism are due to meet in Sri Lanka to share their experience on how democratically elected governments can face future challenges, a senior minister said Wednesday. The three-day meeting, which opens on Thursday, will also discuss how governments could counter international terror networks, foreign minister Rohitha Bogollagama said. […]
Oil eases in Asia above 87 dollars
SINGAPORE, Oct 17, 2007 (AFP) – Oil prices eased slightly in Asia on Wednesday but remained above 87 dollars a barrel in a market worried over a potential Turkish incursion into northern Iraq. New York’s main oil futures contract, light sweet crude for delivery in November, was 18 cents lower in early morning trade at […]
Study highlights financial links between doctors, industry
WASHINGTON, Oct 16, 2007 (AFP) – Nearly two-thirds of US medical school department chairs maintain some form of personal or financial links to the private sector, according to a study published Tuesday.The study, published in the October 17 issue of the Journal of the American Medical Association, also urges greater transparency and “underscore the need […]
Indian shares plunge 9.15 percent on offshore buying restrictions
MUMBAI, Oct 17, 2007 (AFP) – Indian share prices plunged more than nine percent Wednesday, forcing a trading halt, after the market watchdog proposed restrictions on purchases by overseas investors, dealers said.They said the plunge followed a notice by the Securities and Exchange Board of India saying it would consider curbs on the use of […]
Zimbabwe inflation surges to 7,892 percent
HARARE, Oct 17, 2007 (AFP) – Zimbabwe’s inflation rate, already the highest in the world, rose to a new peak of nearly 8,000 percent last month, figures released by the central statistics bureau showed on Wednesday.“The year-on-year inflation rate in September 2007 was 7,892.1 percent, gaining 1,389.3 percentage points on the August rate of 6,592.8 […]
‘s dollar millionaires are getting richer: report
HONG KONG, Oct 17, 2007 (AFP) – The number of dollar millionaires in Asia has swelled by 8.6 percent, with Japan home to more than 1.47 million, a report published Wednesday found. Japan has 43.7 percent of the region’s High Net Worth Individuals (HNWI) — those with assets of more than one million dollars excluding […]
New Products
Oct 17, 2007 (LBO) – Software and IT educational institute OpenArc released products for business and management sectors of companies in Sri Lanka, following its 15 year anniversary celebrations. ‘Open Arc SkyBank’, is an enhanced web-based solution to enhance efficiency of merchant banks and finance companies which use online real time Integrated General Ledgers, OpenArc […]
High Stakes II
Oct 17, 2007 (LBO) – Sri Lanka’s Aitken Spence conglomerate Wednesday defended its claim to have made the highest bid for Colombo port’s new container terminal in partnership with PSA Corp. An Aitken Spence spokesman said a statement by rival bidder Hutchison Port Holdings (HPH) was misleading and an attempt to change the rules for […]
Poor Health
Oct 17, 2007 (LBO) – Lanka Hospitals Corporation said its net loss for the first quarter of the 2008 financial year ended June 30 shot up 148 percent to 35.5 million rupees from 14.3 million in the same period last year. The Harry Jayawardene controlled company, which owns the Apollo Hospital, said in results reported […]
Sri Lanka tourism slumps throws thousands out of work
Oct 17, 2007 (LBO) – Five thousand experienced hotel workers are out of work due to the tourism downturn, according to the managers of Sri Lanka’s top hotel school who are now training people to find work abroad. Hotels are unable to hire new staff as tourist arrivals have fallen 22 percent in the first […]
Port Bids
Oct 17, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) Wednesday dismissed conflicting claims by rival bidders for a new terminal contract, saying they were inaccurate as bids were still being evaluated. “No one can claim to be the highest bidder,” said Nalin Aponso, deputy chief manager for communication and PR at the SLPA. […]
Sri Lankan Tigers kill six soldiers inside wildlife park
Oct 16, 2007 (AFP) – At least six government troops were killed when Tamil Tiger rebels attacked a military position inside Sri Lanka’s main wildlife sanctuary, military officials said Tuesday.The bodies of the six men were found at first light Tuesday following an overnight attack on an army detachment inside the Yala National Park in […]