Author: lbostgadmin
Higher Stake
Oct 15, 2007 (LBO) – People’s Merchant Bank (PMB) shares shot up 15.50 rupees to 55 rupees in Monday morning trading on the Colombo bourse as the firm said that Lanka Orix Leasing Company had increased its stake in the company. PMB said in a statement to the Colombo Stock Exchange that its share price […]
Bouncing Cheques
Oct 15, 2007 (LBO) – Sri Lanka’s Central Bank said Monday that cheque returns were too high and warned customers that issuing cheques without funds was an offence. The total value of returned cheques in a day is “substantial”, amounting to over half a billion rupees, a bank statement said. Out of the total number […]
Unclaimed Prizes
Oct 15, 2007 (LBO) – Though 25,000 state workers are eligible to buy duty-slashed vehicles, less than half of those entitled have so far applied for a car, officials said.Long waiting lists at agents for popular brands as well as the high cost of new cars is said to be deterring public servants from cashing […]
High Stakes
Oct 15, 2007 (LBO) – Hutchison Port Holdings (HPH) Monday dismissed claims by a rival bidder to have made the highest bid to build and operate Colombo’s planned new container terminal. HPH, one of the world’s biggest port operators, said it rejected as “somewhat presumptuous and inaccurate,” claims by Sri Lanka’s Aitken Spence conglomerate that […]
Injury-plagued Flintoff to miss Sri Lanka series
LONDON, Oct 13, 2007 (AFP) – England all-rounder Andrew Flintoff will miss the Test series with Sri Lanka in December after undergoing keyhole surgery on his left ankle, the ECB said in a statement on Saturday.The injury-plagued Flintoff also looks likely to miss the tour of New Zealand in February and March next year as […]
‘s Fernando fires team to consolation win
COLOMBO, Oct 13, 2007 (AFP) – Paceman Dilhara Fernando bagged a career-best haul of 6-27 to help Sri Lanka post a consolation 107-run win over England in the fifth and final one-day international here on Saturday.Man-of-the-match Fernando’s maiden bag of five or more wickets in an innings came in eight sharp overs as England crashed […]
New IMF, World Bank heads face reform challenge
WASHINGTON, Oct 14, 2007 (AFP) – The new heads at the World Bank and the International Monetary Fund face the tough task of restoring credibility to the powerful financial bodies which hold an annual summit this month, analysts say.“Both (Robert) Zoellick and Dominique Strauss-Kahn are certainly competent people.But I don’t think it is so easy […]
Zimbabwe consumer authority raises milk and other prices after shortages
HARARE, Oct 12, 2007 (AFP) – The Zimbabwean government authorised Friday new increases in the prices of basis foodstuffs in a bid to ease widespread shortages that followed an order for retailers to halve their tariffs. The National Incomes and Pricing Commission announced it had approved rises of between 50 percent and 200 percent for […]
Jumbo Link
Oct 14, 2007 (LBO) – Sri Lanka will give a baby elephant to the Armenia zoo in exchange for veterinary training to an animal “suitable” for local conditions, a government minister said Sunday. Asokamala, the nine-year old female from the island’s elephant orphanage at the central village of Pinnawela will be sent to Armenia along […]
BPO Training
Oct 14, 2007 (LBO) – The national training authority in Sri Lanka and a private business process outsourcing (BPO) firm plans to increase training of medical ‘transcriptionists’ to help tap higher value BPO work. BPO Services has tied up with the National Apprentice and Industrial Training Authority (NAITA) to provide free medical transcription (MT) training […]
Shangri La win bid to build luxury hotel in Male
COLOMBO October 14, 2007 (LBO) — Leisure operator, Shangri-La has been seltected to build a five-star city hotel in the Maldivian capital of Male, a senior minister said Sunday.. Shangri-La Maldives, which is currently building a 400-bed resort in the northern atoll of Villingili, is expected to complete the 200-bed city hotel by 2010, Tourism […]
” solution to conflict
NEW DELHI, Oct 13, 2007 (AFP) – Sri Lanka’s President Mahinda Rajapakse on Saturday said Colombo remained open to a “negotiated and sustainable” solution to the island’s escalating ethnic conflict.Tens of thousands of people have been killed since the eruption of the decades-old Tamil separatist insurgency which has grown deadlier since the collapse of a […]