Author: lbostgadmin
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VATICAN CITY, April 8, 2007 (AFP) – Pope Benedict XVI on Sunday decried the “suffering in the world” in his traditional “Urbi et Orbi” (to the city and the world) on Easter Sunday. “How many wounds, how much suffering there is in the world! Natural calamities and human tragedies that cause innumerable victims and enormous […]
Telecom Gains
April 08, (LBO) – Telecom operators who rolled out rural networks in the last three years will get a five billion rupee refund of levies collected from every incoming international call minute. Incumbent Sri Lanka Telecom (SLT) will get the largest slice, boosting its 2nd quarter earnings by up to three billion rupees. Other telecom […]
Fresh Funds
April 08, 2007 (LBO) – Massachusetts-based Virtusa Corp., an information-technology services firm with operations in Sri Lanka, is seeking 92 million dollars through a NASDAQ listing. The underwriters for the offering were listed as JP Morgan, Bear Stearns & Co., Cowen and Co. and William Blair & Co. The company, headed by a Sri Lankan, […]
‘s top taxman tells tax payers
April 07, 2007 (LBO) – Tax payers need not fear the Inland Revenue Department, according to Sri Lanka’s chief tax officer who faces the daunting task of raising more revenue for a country that is already projecting a budget deficit as big as 9.2 percent of the economy. The department wants to be tax payer-friendly […]
Eight killed in Sri Lanka bus blast
by Mel Gunasekera COLOMBO, April 7, 2007 (AFP) – Suspected Tamil Tiger rebels detonated a roadside bomb on Saturday, killing eight passengers on a bus and wounding 25, the Sri Lankan government said, marking the latest violence on the island. Security has also been intensified across the island’s northern and eastern regions in a bid […]
Cut down on endorsements, India players told
MUMBAI, April 6, 2007 (AFP) – India’s super-rich cricketers must cut down on their commercial dealings, the country’s former captains recommended on Friday while reviewing the team’s World Cup debacle. Seven ex-captains, summoned by the Board of Control for Cricket in India (BCCI) to chart a future course of action, also wanted the team’s international […]
” remarks
GEORGETOWN, Guyana, April 7, 2007 (AFP) – Bangladesh captain Habibul Bashar insisted on Friday that coach Dave Whatmore’s interest in taking charge of the India team has not been a distraction at the World Cup. Whatmore, who has been instrumental in guiding Bangladesh to the Super Eights for the first time, has declared his interest […]
Bangladesh gets ready for possible bidding war with India over Whatmore
DHAKA, April 6, 2007 (AFP) – Bangladesh cricket chiefs will convene an emergency meeting next week to discuss Dav Whatmore’s future after he joined the race to succeed Greg Chappell as new coach of India, an official said.India, one of the pre-tournament favourites, were upset by Bangladesh in the first match and also lost to […]
Pirates free ship with Sri Lankan sailors off Somalia
NAIROBI, April 7, 2007 (AFP) – Pirates have released a UN-chartered cargo ship and an Indian vessel they captured in the unpatrolled waters off the coast of Somalia, a maritime official said Saturday.Andrew Mwangura of the Seafarers’ Assistance Programme said the hijackers freed the MV Rozen on Friday, more than a month after it was […]
History Maker
April 07, 2007 (LBO) – John Exter can be regarded as one of the history makers in modern Sri Lanka.He lent his wisdom, intellect and experience, without any reservation, for the establishment of the Central Bank of Ceylon, the name of the Bank at that time. For those interested in monetary policy/negative effects of Keynesianism […]
Sri Lanka asked to get house in order ahead of opening up services
April 06 (LBO) – Sri Lanka is hoping to open its service sectors to neighboring India, but analysts say the country should first get local regulations in order. The two countries are in talks to allow exchange of services, including limited exchange of professionals, under an agreement to be signed by June this year. But […]
Fuel prices will not affect essential food prices during the season: Minister
April 06, 2007 (LBO) – The prices of essential food items that have been set a retail price during the New Year season will not be affected if fuel prices go up since all have already been imported, a government minister said. Food items such as chillies, onions, dhal, potatoes, sugar, types of grain, sprats […]