Author: lbostgadmin
Zimbabwe arrests business people as money printing drives prices up
HARARE, July 13, 2007 (AFP) – Authorities in Zimbabwe announced the arrest of hundreds more retailers and executives as part of an ongoing price crackdown Friday as it emerged the head of the central bank had warned against the blitz. Mugabe has warned that his government will seize and nationalise companies that refuse to toe […]
Air Chase
July 14, 2007 (LBO) – SriLankan Engineering, the technical arm of SriLankan Airlines, is actively marketing aircraft maintenance services armed with a new certification from the European Aviation Safety Agency (EASA), the airline said. The EASA 154 certification will “significantly strengthen” its profile among prospective customers who include airlines throughout Asia and Europe, SriLankan said. […]
Sri Lanka unemployment rate falls
June 12, 2007 (LBO) – Sri Lanka’s unemployment rate in the first quarter of 2007 fell to 6.2 percent, its lowest ever rate, from 6.8 percent in the same 2006 quarter, continuing the steady declining trend seen in recent years, the Central Bank said. The total number unemployed was estimated as 462,000 for the first […]
Sri Lanka to re-build areas taken from Tamil Tigers
July 13, 2007 (AFP) – Sri Lanka announced Friday it would mark the fall of the last Tamil rebel bastion in the east of the island with the launch of an ambitious reconstruction plan. Sri Lanka’s 35-year-old conflict has claimed more than 60,000 lives, and over 5,200 people have been killed in fighting in the […]
Lions leader offers to play role in Sri Lanka peace process
July 13 (LBO) – A Sri Lankan businessman who has just been elected president of the International Lions Organization says he hopes to help take forward the Sri Lankan peace process as an internal facilitator. Sri Lankan ‘Lion’ Mahendra Amarasuriya was recently elected as the president of the International Lions organization in Chicago. He says […]
Sri Lanka to continue the big lead trend in third test
KANDY, Sri Lanka, July 13, 2007 (AFP) – Sri Lankan batsmen took advantage of a rain-free period to set themselves for a big total in the third and final cricket Test against Bangladesh here on Friday.The hosts, who bowled out Bangladesh for 131 in the first innings, replied with 161-2 by lunch on the third […]
Murdoch aims to conquer world of business news
NEW YORK, July 13, 2007 (AFP) – News magnate Rupert Murdoch will expand his media empire with a business news channel to challenge industry leader CNBC, as he presses on with a bid to add The Wall Street Journal to his portfolio. The global media mogul has set October 15 as the launch date of […]
‘s tallest man weds in China
BEIJING, July 12, 2007 (AFP) – A decades-long search by the world’s tallest man for a bride finally came to an end on Thursday when the Chinese herdsman married a woman who barely stands up to his elbow.Bao Xishun, who stands 2.36 metres (seven feet nine inches), wed sales clerk Xia Shujun in a traditional […]
Middleware Spot
July 13, 2007 (LBO) – The open source middleware technology company WSO2 says its products generated wide interest at the SOA World software conference in the United States. The SOA World Conference and Expo held in New York City, USA is the largest independent Service Oriented Architecture and Web Services event in the world, WSO2 […]
IT Literacy
July 13, 2007 (LBO) – India has pledged 13 million rupees to set up 20 computer education outlets called ‘Nenasalas’ in villages in Sri Lanka. Nenasalas, a localized model of telecentres being set up by the Information and Communication Technology Agency of Sri Lanka (ICTA), act as resource centres to spread knowledge and information through […]
Private Deals
July 13, 2007 (LBO) – Sri Lanka’s construction industry is urging the government to accept draft guidelines on treating unsolicited bids in an effort to ensure transparency and fair competition in infrastructure contracts. The move comes at a time when the phenomenon of unsolicited bids in a range of infrastructure projects is becoming common, causing […]
Positive Trend
July 13, 2007 (LBO) – Sri Lanka’s exports in May has surged 25.8 percent driven by a 45.5 percent jump in apparel shipments largely to the United States and the European Union, the Central Bank said Friday. Exports grew to 641 million US dollars in May 2007 against 509 million dollars in May 2006. “Persistently […]