Author: lbostgadmin
Development Equity
March 27, 2007 (LBO) – The Asian Development Bank (ADB), which is funding the breakwater and dredging of Colombo port’s expansion project, may take an equity stake in one of its container terminals, an official said. The South Port project will see three terminals being built in the first phase. Updated ADB Country Director Richard […]
” by escalating violence in Sri Lanka
UNITED NATIONS, March 27, 2007 (AFP) – UN chief Ban Ki-moon is “disturbed” by the extensive violations of the ceasefire in Sri Lanka and urges the rival sides to resume negotiations without preconditions, his press office said Tuesday. “The secretary general is disturbed by the extensive and escalating violations of the ceasefire,” his office said […]
Sri Lanka sets up hot line to track flying Tigers
March 28, 2007 (AFP) – Sri Lanka Wednesday set up a telephone hot line to receive information about aircraft operated by Tamil Tiger rebels after they staged their first aerial strike against the military. President Mahinda Rajapakse initiated the dedicated telephone number manned by the military as an early warning system about intruding rebel aircraft, […]
Sri Lanka troops capture key Tiger base: military
March 28, 2007 (AFP) – Sri Lankan troops Wednesday captured a key Tamil Tiger rebel stronghold in the island’s embattled eastern region, the military said.Troops took control of Kokkadichcholai in the district of Batticaloa and seized a large haul of arms, ammunition and land mines from the Liberation Tigers of Tamil Eelam (LTTE) base, the […]
‘s commitment: envoy
March 28, 2007 (LBO) – The construction of a new building for the British High Commission (embassy) is a symbol of Britain’s commitment to Sri Lanka, its envoy said in Colombo. The High Commision says the building which is scheduled to open in early 2008, was designed by British architect Richard Murphy, with Sri Lankan […]
South Asia summit to focus on Sri Lanka, regional unrest
NEW DELHI, March 28, 2007 (AFP) – India voiced concern on Wednesday over the first-ever air raid staged by Tamil Tiger rebels and said that next week’s regional summit would focus on escalating violence in Sri Lanka. “We have made it clear to everyone that we are very concerned at the escalated violence in Sri […]
In-form Sri Lanka gun for South Africa
GEORGETOWN, Guyana, March 27, 2007 (AFP) – Sri Lanka coach Tom Moody expects his team to maintain consistency as they prepare to earn vital points against South Africa in a World Cup Super Eights clash here on Wednesday. “A win tomorrow will put us in a strong position because South Africa are not going to […]
Pakistan not ruled out of Woolmer murder probe: police
KINGSTON, March 27, 2007 (AFP) – Detectives investigating the murder of cricket coach Bob Woolmer on Tuesday denied claims that Pakistan’s squad had been ruled out of the inquiry as potential suspects. Deputy Police Commissioner Mark Shields said comments made by Pakistan spokesman Pervez Mir that detectives had cleared team members of any involvement in […]
’s top apparel exporter slot filled by Brandix
March 28, 2007 (LBO) – The Brandix group has been named the top apparel exporter by Sri Lanka’s export promotion agency, the company said Wednesday. It makes casual bottoms, intimate and active wear, textiles, knitted fabrics, sewing and embroidery thread, accessories and hangers, and offers wet processing and finishing and fabric printing. Brandix said it […]
Speedy Trades
March 28, 2007 (LBO) – The latest version of its securities trading system can execute more trades ten times faster than the previous one, software maker MillenniumIT said. The company is headquartered in Sri Lanka with offices in Boston, New Jersey, London, and Mumbai. The new version of the Millennium Exchange released this month has […]
Carbon Lag
March 27, 2007 (LBO) – Sri Lanka is still far behind neighbouring countries in carbon trading which has the potential to earn much foreign exchange, experts said. The island can plant indigenous forests and develop alternatives to carbon emitting energy sources to do carbon trading which is still not being used to its fullest extent, […]
Fuel Mix
March 28, 2007 (LBO) – Sri Lankan Airlines said Wednesday it will incorporate the fuel surcharge into air fares from April 01, effectively raising ticket prices and ending the possibility of lifting the charge if oil prices fall. The airline will implement this change to most destinations with a few exceptions, due to regulatory issues,†[…]