Author: lbostgadmin
Machine Time
July 19, 2007 (LBO) – Sri Lanka’s construction industry is looking for foreign partners to set up a machinery leasing company that would be especially useful for the large number of small and medium firms that dominate the sector. “The CCI is looking at having machinery and equipment to service the needs not only of […]
Aborted Flights
July 19, 2007 (AFP) – Abu Dhabi’s Etihad Airways said Thursday that it was pulling out of Sri Lanka, citing a sharp drop in tourist traffic to the tropical island due to ongoing fighting between government and rebel forces. Sri Lanka’s 26-billion-dollar economy earned 130.8 million dollars from tourism between January and April, a 15 […]
‘s tooth buried in forehead
SYDNEY, July 17, 2007 (AFP) – An Australian rugby player who went to his doctor with severe headaches was amazed to find he’d been living with an opponent’s tooth embedded in his forehead for months, it was reported Tuesday.Ben Czislowski clashed heads with an opponent during a game in the Queensland Cup competition in early […]
China private airline gets first nod for international routes
SHANGHAI, July 18, 2007 (AFP) – China’s East Star Airline said Wednesday it had won approval to fly overseas, the first private carrier to do so, as part of efforts to loosen the nation’s strictly controlled civil aviation sector.The airline based in central China said in a statement that it gained approval from aviation regulators […]
Maldives wants new airports for resort islands
July 18, 2007 (AFP) – Maldives is seeking international investors to help build ten regional airports as part of a plan to develop nearly three dozen resort islands, a minister said on Wednesday. “We plan to build 10 domestic airports packaged with tourist resorts, to make it economically feasible to investors.The tenders will go out […]
Money printing Zimbabwe tightens price controls worsening food shortages
HARARE, July 17, 2007 (AFP) – Zimbabwe’s government was set to intensify its pricing crackdown, despite being condemned by the White House on Tuesday as a reckless move that would further fuel inflation and exacerbate food shortages.Nathan Shamuyarira, ZANU-PF’s secretary for information and publicity, said a meeting of the party’s politburo on Monday, chaired by […]
Top Posts
July 18, 2007 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has appointed the head of its legal division as its new deputy director general, the regulator said Wednesday. Marina Fernando, who joined the SEC in 2003 was its Director, Legal and Enforcement. “As Deputy Director General, she will oversee matter pertaining to the […]
Earthquake
July 18, 2007 (LBO) – An earthquake measuring 5.2 on the Richter scale had occurred in the Bay of Bengal 510 kilometres to the East of the Sri Lankan capital Colombo, the US Geological Survey said. The breach occurred 35 kilometer below the surface of the earth at 04:27:28 Universal Time, or 09.57 am local […]
Good Banking
July 18, 2007 (LBO) – The financial journal Euromoney has named Commercial Bank as Sri Lanka’s best bank in its 2007 survey, the bank said Wednesday. The magazine’s Asian regional awards recognise the best banks in 16 countries. It has listed Commercial Bank alongside other country winners such as ICICI Bank (India), China Merchant Bank […]
Top civil servant shot dead in Sri Lanka
July 17, 2007 (AFP) – Unidentified gunmen shot dead a top civil servant in north-eastern Sri Lanka Monday as the government moved to celebrate the dismantling of a key Tamil rebel base in the region, officials said. Gunmen killed Harry Abeyweera, the top civil administrator in the district of Trincomalee, as he worked at his […]
‘ bail may be appealed by Australia
MELBOURNE, July 17, 2007 (AFP) – Australia indicated on Tuesday that it may appeal a court ruling which granted bail to two men charged with supplying funds to Sri Lanka’s Tamil Tiger rebels. It follows the government’s decision on Monday to revoke the visa of an Indian doctor charged in connection with the British car […]
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SAN FRANCISCO, July 16, 2007 (AFP) – Google announced Monday that it is shortening the lives of software “cookies” used to track users’ online preferences. In coming months Google will begin issuing cookies that automatically expire two years after a person visits the website provided they don’t return, according to the US firm’s global privacy […]