Author: lbostgadmin
‘s service to the Sri Lanka helps him out
June 21, 2007 (AFP) – Former Sri Lanka captain Marvan Atapattu will not be subjected to a disciplinary inquiry despite his self-imposed absence from the home series against Bangladesh, officials said here Thursday.It was initially expected that Sri Lanka Cricket (SLC) would ask the 37-year-old right-hander to show cause for his decision to stay out […]
Western firms unaware of BRICS economies: survey
BANGALORE, India, June 21, 2007 (AFP) – Western companies exhibit a worrying lack of awareness about emerging markets like India that are reshaping global business, according to a British Telecom survey released here Thursday.“The increasing trend towards globalisation has a wider effect on such firms who must look to developing economies to enhance sales, diversify […]
Virtuous Way
June 21, 2007 (LBO) – Sri Lanka’s open source software community is promoting free programs that can be used on operating systems like Microsoft Windows, without breaking anyone’s copyright. . Related Link: Foss Community Website . . The Free and Open Source Software (FOSS) advocacy community says, individuals or small companies that cannot afford proprietary […]
Debenture Quality
June 21, 2007 (LBO) – A 5-year, two billion rupee debenture issue of DFCC Bank has been assigned a rating of AA (lka) while the bank’s long-term rating of the same level has been confirmed, Fitch Ratings said. The rating agency also confirmed the AA- (lka) tag of DFCC’s subordinated debt was also confirmed. The […]
Making Sense
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking network with a good credit culture as an independent entity, officials said. Officials say Lankaputhra can take-over SME Bank under the provisions of company law, but […]
Sino Wheels
June 21, 2007(LBO) – One of Sri Lanka’s largest used vehicle importers plans to import small cars from China and strike a deal with a big Chinese automaker to assemble vehicles locally, an official said.Sterling Automobiles, which claims to import half the reconditioned vehicles to the country from Japan, has just launched a brand new […]
Sri Lanka benchmark gilt rates up on fiscal weakness, information assymetry
June 21, 2007 (LBO) – Sri Lanka’s gilt rates shot up 30 basis points, a day after the government recieved permission from lawmakers to spend extra money on newly created ministries.Average yields at this week’s treasury bills auction moved up 30 basis points to 17.34 percent with the 3-month rate, which has now become the […]
Sri Lanka surfers turn to anonymizers amidst allegations of net censorship
June 20, 2007 (LBO) – Sri Lankan surfers turned to proxy servers to access a pro-guerilla news website amidst claims that the government has started to practise net censorship in the country. The website, Tamilnet.com alleged that authorities have asked internet service providers to block access to the site in Sri Lanka. To access the […]
Sri Lanka sinks three rebel boats
June 19, 2007 (AFP) – Sri Lanka’s navy attacked a flotilla of Tamil Tiger boats off the island’s northern coast Tuesday, sinking at least three craft, an official said.The latest naval battle came as troops in the east of the island stepped up pressure on the guerrillas who have been fighting for independence since 1972.More […]
Sri Lanka blocks Tamil news website
June 20, 2007 (AFP) – Sri Lanka Telecom, the country’s largest Internet service provider, has blocked a pro-rebel website on government orders, a source at the company said Wednesday.A Sri Lanka Telecom executive, who declined to be named, said the website has been blocked for several days on the “advice” of the government. The London-based […]
Sri Lanka media rights body slams moves to block internet
June 20, 2007 (LBO) – Sri Lanka’s Free Media Movement (FMM) has slammed a move to block access to a Tamil news internet website , saying that the country was on a “slippery slope of web and internet censorship”. . The full statement from FMM is reproduced below: The Free Media Movement is deeply disturbed […]
Sri Lanka says capture of remaining Tiger base in east imminent
June 20, 2007 (AFP) – The Sri Lankan army said Wednesday that two months of fighting aimed at ousting Tamil Tiger rebels from jungles in the east of the island has left 197 dead, the vast majority of them guerrillas. The island’s security forces have been trying to remove pockets of rebels from the Thoppigala […]