Author: lbostgadmin
” trafficking ring
HANOI, July 27, 2007 (AFP) – A Taiwanese man and five Vietnamese have been jailed for between five and 12 years for trafficking more than 120 Vietnamese women to Malaysia, a court official said Friday in the communist country.Vietnam’s Prime Minister Nguyen Tan Dung last month urged local authorities to raise awareness and make every […]
Sri Lanka apparel group in Spanish tie to boost swimwear fabric flow
July 27, 2007 (LBO) – A new joint venture with a Spain-based firm will fill a gap in synthetic fabric printing capacity, especially in swimwear, Sri Lanka’s MAS apparel group said Friday. The group through its unit, MAS Capital (Pvt) Ltd had inked a deal on July 19 with Textprint S.A of Spain to start […]
Saudi Sword
July 26 (LBO) – The Asian Human Rights Commission (AHRC) has urged the Sri Lankan government to ratify part of an international treaty to help save the life of a young girl facing a death sentence in Saudi Arabia. The called came as it emerged that more Sri Lankans were facing executions in Saudi Arabia. […]
Flying Gold
July 27, 2007 (LBO) – A SriLankan Airlines advertising campaign developed by Grant McCann Erickson hit the lime light winning the first gold at the Pacific Asia Travel Association (PATA) Gold Awards.The campaign which focused on the theme ˜home away form home™ bagged the award for the best marketing campaign for an airline. The whole […]
Design Prize
July 27, 2007 (LBO) – A Sri Lankan trust named after renowned architect Geoffrey Bawa has launched a national award with a million-rupee prize to recognize and reward good examples of contemporary island architecture. . Sri Lanka has a lot of young talent in architecture which should be recognized and encouraged, the Geoffrey Bawa trust […]
Merchant Assets
July 27, 2007 (LBO) – Fitch Ratings Lanka which affirmed People’s Merchant Bank’s (PMB) long-term BBB (lka) rating Friday said its assets grew 44 percent in the last financial year. The outlook on the rating is stable. “PMB’s rating takes into account its modest profitability and satisfactory asset quality,” Fitch said. It also considered the […]
Sri Lanka to appoint joint mangers for sovereign bond
July 26, 2007 (LBO) – Sri Lanka would choose more than one lead manager to the upcoming sovereign bond issue, with evaluations of bids to begin soon after a beauty parade ends this Friday, Central Bank Governor Nivard Cabraal said. “We want to increase Sri Lanka’s reach to a broader spread of investors,” Cabraal told […]
Sri Lanka court allows appeal against eviction of Tamils
July 26, 2007 (AFP) – Sri Lanka’s Supreme Court said on Thursday it would hear an appeal challenging the eviction of nearly 400 minority ethnic Tamils from Colombo by authorities in an anti-rebel drive.The court fixed a formal hearing for November. The three-judge bench granted “leave to proceed” in a case filed against the police […]
Sri Lanka opposition groups in protest rally
July 26, 2007 (AFP) – Thousands of opposition activists and ruling party dissidents took to the streets of the Sri Lankan capital Thursday in protest against human rights violations and high living costs.Supporters of the main opposition United National Party and a group of ruling party dissidents led by former foreign minister Mangala Samaraweera marched […]
Sri Lanka to host Asian Rugby tournament
COLOMBO, July 26, 2007 (AFP) – Sri Lanka has been confirmed as host of the Asian Rugby championship in November after the world governing body was assured of the players’ safety, a top official said on Thursday.Dilroy Fernando, the chief executive officer of the Sri Lanka Rugby Football Union, said the International Rugby Board (IRB) […]
New Zealand central bank lifts interest rates
WELLINGTON, July 26, 2007 (AFP) – New Zealand’s central bank raised interest rates Thursday for the fourth successive time this year due to sustained inflationary pressures.“But easing is going to be a considerable time away unless the economy softens very rapidly.” Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate (OCR) […]
May to July in Britain wettest since 1776
LONDON, July 26, 2007 (AFP) – The three-month period from May to July has already become the wettest in history here, even before the end of the month, Britain’s Met Office said Thursday.Figures released by the weather forecasting agency showed that 387.6 millimetres (15.3 inches) of rain has fallen across England and Wales, the most […]