Author: lbostgadmin
Service Skills
June 06, 2007 (LBO) – Sri Lanka’s freight forwarding industry is setting up an academy to train people with the skills and knowledge required to handle logistics in today’s rapidly growing international trade. Sri Lanka Shippers™ Council, Sri Lanka Apparel Exporters™ Association, Exporters™ Association of Sri Lanka, Import Section of the Ceylon Chamber of Commerce […]
Retail Recognition
June 06, 2007 (LBO) – Retailers that were a just a distribution channel at one time have to be considered as a strategic business partners in driving brands forward in a competitive market, Sri Lanka’s top marketers have said. Retailers are the last point the brands can market themselves and without retailer interest in selling […]
E-deadline
VANCOUVER, Canada, June 5, 2007 (AFP) – The International Air Transport Association has given member airlines and travel agencies five extra months to switch entirely to electronic ticketing, to May 2008.IATA initially had scheduled the switchover to e-tickets, eliminating paper tickets, to be completed by December 31. The decision to extend the deadline was taken […]
Bunker Oil
June 05, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has started a marine bunkering operation by supplying diesel to ships off the east coast of the island, an official said.“We made a humble beginning using our facilities in Trincomalee by offering bunkering services selling diesel oil to two vessels a […]
UN chief blasts killings of Sri Lankan Red Cross workers
UNITED NATIONS, June 4, 2007 (AFP) – UN chief Ban Ki-moon condemns the killings of two Red Cross employees in Sri Lanka and demands a thorough police investigation, his office said Monday. “The Secretary General condemns the brutal killings of two workers of the Sri Lankan Red Cross and …demands a thorough investigation by the […]
Sri Lanka blast kills senior police officer
June 5, 2007 (AFP) – Tamil Tiger rebels set off a roadside bomb in eastern Sri Lanka Tuesday, killing a senior police official in an attack that coincided with a visit to the area by the US ambassador, the military said.A police chief inspector was killed and his sub-inspector wounded when they were ambushed at […]
Japan in Sri Lanka peace bid amid bloodshed
June 5, 2007 (AFP) – A top Japanese envoy arrived in war-torn Sri Lanka Tuesday to try and restore a tattered peace process after some of the bloodiest battles between government forces and Tamil Tiger rebels this year.The rebels say they are fighting for an independent homeland for the tropical island’s minority Tamils.Overall, the 35-year-old […]
‘s Arjuna in?
BANGALORE, India, June 4, 2007 (AFP) – India’s cricket chiefs failed to name a new national coach on Monday even as South African Graham Ford replaced Dav Whatmore as the frontrunner for the post.“We have decided to invite Ford and another coach of foreign origin for discussions,” N.Srinivasan, treasurer of the Board of Control for […]
Bangladesh recall Razzak and Rahim for Sri Lanka Tests
DHAKA, June 4, 2007 (AFP) – Bangladesh’s cricket selectors on Monday recalled left-arm spinner Abdur Razzak and teenage wicket-keeper Mushfiqur Rahim for an upcoming three-Test series in Sri Lanka.Razzak, who played his only Test against Australia in 2006, returned to the squad after his impressive performances in one-day cricket, chief selector Faruq Ahmed said. “Razzak […]
Trend Setter
June 05, 2007 (LBO) – Richard Pieris, a Sri Lanka listed firm, has declared a cash dividend and a stock distribution under provisions of a new company law that came into effect last month.A bonus also increased the shares in issue without affecting the assets of the company, which has the same effect as a […]
Upgraded
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the agency said Tuesday. “The upgrade of the rating recognises improvements in PABC’s profitability and relative improvements in its capitalisation ratios and asset quality since the bank was first […]
Sri Lanka reaches May reserve money target: Central Bank
June 04, 2007 (LBO) – Sri Lanka has reached its reserve money target for May with several billion rupees to spare, indicating that inflation will continue to move down in the future, the Central Bank said. “The achievement of reserve money targets will lead to the continuous deceleration of the growth in broad money and […]