Author: lbostgadmin
Health South
June 08, 2007 (LBO) – Hemas group a listed diversified group that is in consumer goods, energy, leisure and healthcare said it had acquired a hospital in the southern Sri Lankan city of Galle. Hemas said the privately-owned Southern Hospital will soon be upgraded with new medical technologies. “Hemas Southern Hospitals will, over the next […]
Cell Cash
June 8, 2007 (LBO) – The cellular operator Mobitel has raised five billion rupees through a syndicated loan to fund its expansion into rural Sri Lanka, officials said. The 8-year loan was syndicated by HSBC Sri Lanka. Bank of Ceylon, Peoples’ Bank, Hatton National Bank and HSBC itself brought in a billion rupees each while […]
Sri Lanka looks to boost economic growth despite obstacles
June 07, 2007 (LBO) – Sri Lanka plans to accelerate and broaden its development activities despite the internal conflict, the island’s president said Wednesday, as an expanding budget deficit threatened to undermine growth this year. We need to fearlessly combat terrorism and develop without making it an excuse, President Mahinda Rajapakse said in a statement […]
‘s Suntel: report
June 7, 2007 (LBO) – India’s Mahanagar Telephone Nigam Ltd (MTNL) has put in a bid between 160 million dollars to 180 million for the Sri Lankan wireless fixed access operator Suntel, Indian news reports said. The Economic Times newspaper said the MTNL bid was believed to be the highest, though company officials declined to […]
Sri Lanka police evict jobless Tamils from capital
June 7, 2007 (AFP) – Armed police forced hundreds of ethnic minority Tamils out of the Sri Lankan capital Colombo Thursday as part of an effort to clear the city of feared Tamil Tiger cells, officials and witnesses said. Police stormed Tamil-majority areas of the capital under the cover of darkness and forced guests at […]
Sri Lanka should trim corruption and modernise education to go forward: US envoy
June 07, 2007 (LBO) – Sri Lanka’s should trim redundant ministries, increase wages for senior officials and be more transparent to help propel the country forward, the US envoy in Colombo said. The CIMA business leaders’ summit will discuss how good, mediocre or bad companies can make the leap to be great companies. “Reduce the […]
Japanese peace envoy in talks with Sri Lanka president
June 6, 2007 (AFP) – Sri Lanka’s President Mahinda Rajapakse held talks in Colombo Wednesday with a top Japanese envoy on the future of the island’s peace process following bloody recent clashes, officials said.Rajapakse held closed-door talks with Japan’s Yasushi Akashi at the president’s tightly-guarded Temple Trees residence and the peace envoy later had discussions […]
‘s embattled east
June 7, 2007 (AFP) – A top Japanese envoy to Sri Lanka met with officials and aid workers in the island’s embattled eastern region Thursday following talks with President Mahinda Rajapakse on the tattered peace process.Yasushi Akashi’s visit to the lagoon district of Batticaloa came on the same day that two murdered Red Cross workers […]
Sri Lankans star in Afro-Asia encounter;survives Pollock scare
BANGALORE, India, June 6, 2007 (AFP) – Shaun Pollock smashed a maiden one-day century, but failed to stop Asia from posting a 34-run win over Africa in the first match of the Afro-Asia cricket series here on Wednesday.The South African scored a robust 130 as his team were restricted to 283 while chasing a stiff […]
” inflation with subsidies as prices spike
DHAKA, June 7, 2007 (AFP) – Bangladesh’s emergency government was Thursday set to announce a slew of subsidy and welfare measures in a 12.6 billion dollar anti-inflation budget. The interim government’s finance minister, A.B. Mirza Azizul Islam, would announce the budget in a pre-recorded speech to be broadcast by radio and television stations. The military-backed […]
No More
June 07, 2007 (LBO) – A pioneer of Sri Lanka’s information technology sector, who headed two government agencies dealing with ICT and also founded a computer faculty in Sri Lanka has passed away. . Professor V. K. Samaranayake, 68, had died in Sweden, Wednesday, a spokesperson for Sri Lanka’s ICT Agency of which he was […]
Positive Growth
June 7, 2007 (LBO) – Alcatel-Lucent, the largest telecom equipment manufacturers in the world, opened a branch in Sri Lanka Thursday saying sales have doubled in the island during the last two years. “All the south Asian markets are very competitive. We will continue to provide support to our customers and we will push for […]