Author: lbostgadmin
Green Buildings
Sept 04, 2007 (LBO) – Cement manufacturer Holcim™s Sri Lanka unit Monday announced that it had begun receiving entries for the company’s second sustainable construction awards competition in which the top prize is 100,000 US dollars. Entries in the competition, designed to promote environmentally friendly construction, can be submitted until February 2008, Edward Schwarz, general […]
Submarine Map
Sept 04, 2007 (LBO) – A Norwegian firm said it has been sub-contracted for two-dimensional seismic surveys of the seabed off Sri Lanka, as the island forges ahead to claim an extended continental shelf under international law. It is listed on the Oslo Stock Exchange. SCAN Geophysical Monday announced that the company has been awarded […]
Cash Cycle
Sept 04, 2007 (LBO) – Sri Lankan companies have invested millions of dollars to develop modern warehousing for tea sold at the Colombo auction, the world’s biggest, slashing lead times to hours or even minutes, an industry official said. They provide real time cataloguing and computerised systems that enable quick transfer of goods from producer […]
Sri Lanka joins hands with Maldives to promote tourism
Sept 4, 2007 (AFP) – Sri Lanka has teamed up with the neighbouring island paradise of the Maldives to woo tourists from China, Russia and the Middle East, officials said Tuesday. Sri Lanka’s 26-billion-dollar economy earned nearly 400 million dollars from tourism last year, the fourth largest foreign currency earner behind tea, clothing and remittances […]
Standard &’s chief quits amid rating criticism
September 04, (LBO) – Standard & Poor’s (S&P) had replaced its president amid mounting criticism by investors and calls by US lawmakers and EU officials to explain lax rating decisions. Standard and Poor’s had named Deven Sharma to replace Kathleen Corbet as president. McGraw-Hill, the parent company of S&P said Corbet was stepping down “to […]
Sri Lanka rupee comes off highs but spreads narrow
Sept 04, 2007 (LBO) – Sri Lanka rupee came off highs of 113.02 against the greenback Tuesday to close sharply lower in a day that saw strong buying from a state name, dealers said. The rupee opened around 112.97/113.02 to the dollar but closed at a new low of 113.15/18 rupees in spot trade. “The […]
Sri Lanka floats the rupee; two way quotes return
Sept 03, 2007 (LBO) – Sri Lanka’s central bank has successfully floated the rupee after printing billions of rupees on an ill-fated intervention and sterilization adventure that nearly brought the national currency to its knees, analysts said. On August 23, the central bank stopped threatening dealers who were earlier labeled as being anti-national and heavy […]
Sri Lanka blocks Tamil Tiger supply route
Sept 3, 2007 (AFP) – Troops in Sri Lanka have blocked a key supply route used by the Tamil Tigers in possible preparation for a delayed major assault on the rebels’ northern heartland, military experts said Monday. The military has been trying to break into the stronghold, the Wanni, for weeks but took some nearby […]
” in Sri Lanka
Sept 3, 2007 (AFP) – At least 34 people have “disappeared” in Sri Lanka over the past three weeks, the Red Cross said Monday ahead of a United Nations meeting to discuss the island’s human rights record.More than 5,400 people have been killed in clashes since December 2005 in an ethnic conflict that has claimed […]
Sri Lanka lodges protest over vandalised Paris embassy
PARIS, Sept 3, 2007 (AFP) – The Sri Lankan embassy in Paris claimed Monday that Tamil Tiger rebels vandalised its flag ahead of a visit by Foreign Minister Rohitha Bogollagama later this week.In a statement denouncing “intimidatory tactics” by the Liberation Tigers of Tamil Eelam, the embassy said “LTTE agents” destroyed its flag pole and […]
Agriculture minister quits
TOKYO, Sept 3, 2007 (AFP) – Japan’s farm minister resigned Monday over a money scandal, a week after Prime Minister Shinzo Abe re-shuffled his cabinet in a bid to clean up the government’s image.Endo is the fifth person to leave Abe’s cabinet, besides those removed in the reshuffle, since Abe took the premier’s seat nearly […]
Chinese airline to launch inflight cell phone, Internet service
HONG KONG, Sept 3, 2007 (AFP) – Shenzhen Airlines said Monday passengers will soon be able to use their mobile phones and connect to the Internet during flights. Airlines have previously provided onboard air-to-ground fixed telephones on some seats at a premium charge. But until now they have banned the use of mobiles.Swiss-based technology firm […]