Author: lbostgadmin
Medical Thrust
June 12, 2007 (LBO) – The Hemas group is pushing into the hospital sector with a 2.5 billion rupee investment though bottom line growth this year has been hit by a higher taxs, officials said. The group’s 100 bed hospital in Wattala, off Colombo, is expected to be operational by August 2008, while a newly […]
Singled Out
June 12, 2007 (LBO) – Sri Lanka should widen its tax base and practice fiscal discipline instead of heavily taxing a few sectors like the financial sector, and have a formal taxation commission to devise a medium-term tax policy, a top bank has said. While Sri Lanka’s tax collections as a percentage of gross domestic […]
Capital Change
June 12, 2007 (LBO) – A controlling stake in the listed financial firm, Asia Capital was bought by a consortium led by Asia Fort Asset Managment, with two foreign funds selling out Tuesday, an official said. Two foreign funds, Rockport and Sezeka sold out with a consortium led by Asia Fort Asset Management buying the […]
Metro Dreams
June 12, 2007 (LBO) – Sri Lanka should switch to mass urban transport to combat traffic congestion, and start a powerful umbrella organization to implement projects, a Sri Lankan-born professional heading a big US transport utility has advocated.The island should also build concrete roads, said Walter Wickramasinghe, Vice President and Director of Management of Metropolitan […]
Foreign experts slam Sri Lanka over slow rights probe
June 11, 2007 (AFP) – Sri Lanka was Monday accused of dragging its feet despite a promise to tackle major human rights violations, as Western diplomats warned they will deny visas to security personnel linked to abuses.An 11-member panel of international experts said a presidential commission of inquiry into cases including the massacre of aid […]
Britain asks Sri Lanka to end military campaign
June 11, 2007 (AFP) – Britain Monday asked its former colony Sri Lanka to end its military campaign and resume peace talks with separatist Tamil Tiger guerrillas.“The situation in Sri Lanka looks darker now than my last visit in February, where there were many hopes of an all-party political solution that would create a basis […]
Asia sweep past Africa bagging the Afro-Asia series as Mahela strikes again
CHENNAI, India, June 10, 2007 (AFP) – Mahendra Dhoni and Mahela Jayawardene hammered centuries in a record stand to set up Asia’s 13-run win over Africa in the third and final match of the Afro-Asia one-day series here on Sunday.Dhoni (139 not out) and Jayawardene (107) put on 218 for the sixth wicket, as Asia […]
Fernando fires Asia to series-clinching win in the second ODI
CHENNAI, India, June 9, 2007 (AFP) – Fast bowler Dilhara Fernando grabbed four wickets as Asia clinched the Afro-Asia cricket series with a 31-run win over Africa in the second one-day international here on Saturday.Asia restricted their rivals to 306 under lights after posting a challenging 337-7 to gain an unbeatable 2-0 lead in the […]
South African Ford named India coach
CHENNAI, India, June 9, 2007 (AFP) – Graham Ford of South Africa has been selected as India’s new cricket coach, the Board of Control for Cricket in India announced on Saturday.A seven-member board panel picked Ford over Englishman John Emburey, the only other candidate for one of the most high-profile jobs in cricket, after closed-door […]
Saudi Arabia executions rise to new high this year
RIYADH, June 11, 2007 (AFP) – Not even the king can save a convict on death row for premeditated murder from the executioner’s sword in Saudi Arabia.However, Amnesty International, in its 2007 report, said “many defendants complained that they were not represented by lawyers and were not informed of the progress of their trial”.The death […]
Tourists to Nepal up 45 per cent since peace deal
KATHMANDU, June 11, 2007 (AFP) – Tourism arrivals to Nepal have shot up nearly 45 percent since former Maoist rebels ended their bloody “people’s war” at the end of 2006, officials said Monday. Landlocked and impoverished, Nepal relies on tourism for about four percent of the country’s economy employment for some 300,000 people. “The last […]
Go Back
June 11, 2007 (AFP) – Sri Lanka has deported over 400 foreign nationals so far this year for overstaying their visas and working in the island illegally, the island’s immigration chief said Monday. Most of the deportees were of South Asian origin and had entered Sri Lanka on tourist visas, Controller of Immigration and Emigration, […]