Author: lbostgadmin
Morning After
January 10, 2007 (LBO) – Sri Lanka’s state-run Bank of Ceylon plans to sell off shares owned in NDB and DFCC Bank this year, to top up a gap in its pension fund, a senior official said Wednesday. Sri Lanka’s largest bank in terms of assets, is carrying a two billion rupee gap in its […]
Travel Subsidy
Jan 10, 2006 (LBO) – Sri Lanka government is planning to inject more subsidies into the loss making, heavily unionized state bus service, following violent protests by workers connected to a Marxist nationalist party, a senior government minister said. Transport Minister A H M Fowzie said he was in talks with the Treasury to get […]
‘s Official
January 9, 2007 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corp. has laid the foundation stone on its upcoming lubricant blending plant over weekend, after the Sri Lankan government settle settled 5.16 billion rupees in unpaid subsidy bills last Friday, officials said. Lanka IOC is 75 percent-owned by Indian Oil Corp., […]
Civilians killed in Sri Lanka hospital shelling: Tiger rebels
Jan 9, 2007 (AFP) – At least four civilians were killed and 16 hurt by Sri Lankan army shelling inside rebel-held territory, the Tamil Tigers said Tuesday, as sporadic violence was reported in the island’s troubled northeast. The rebel Liberation Tigers of Tamil Eelam (LTTE) said on its website that one more civilian was killed […]
Sri Lanka president mulls cabinet reshuffle; discounts election
Jan 9, 2007 (AFP) – Sri Lanka’s president Tuesday said a cabinet reshuffle was being considered but discounted local media reports that he would call a snap parliamentary election. President Mahinda Rajapakse said he saw no reason for a general election “at this stage,” according to a statement released by his office. “There were no […]
Indian FM in Sri Lanka amid unrest
Jan 9, 2007 (AFP) – Indian Foreign Minister Pranab Mukherjee arrived in Sri Lanka Tuesday to invite President Mahinda Rajapakse to attend a South Asian summit in New Delhi in April, officials said. Mukherjee opened talks with his Sri Lankan counterpart Mangala Samaraweera here ahead of talks with Rajapakse and Prime Minister Ratnasiri Wickremanayake before […]
US urges quick end to Sri Lanka violence, rules out military solution
Jan 9, 2007 (AFP) – The United States Tuesday urged a speedy political solution to Sri Lanka’s separatist conflict as the island slipped into more violence, and warned that a military solution was not possible.“According to government estimates, 15,000 people are isolated without access to food or basic supplies, as stocks are decimated.” The US […]
World Economic Forum joins web fantasy in bid for openness
GENEVA, Jan 9, 2007 (AFP) – The annual meeting of the World Economic Forum in the Swiss resort of Davos this month will enter the virtual reality of web-based Second Life in a bid to open up the elite meeting of political and business leaders, the organisers said Tuesday. After being televised, webcast and podcast […]
Better Experience
LAS VEGAS, Nevada, Jan 8, 2007 (AFP) – Skype unveiled on Monday its own models of desktop telephones that can make free Internet calls using the firm’s pioneering online service.The pricing for calls will be the same on the new Skype telephones, Lagier said. The IPEVO Solo One and the TOPCOM Webt@lker 5000 were among […]
Virtual Fantasy
LAS VEGAS, Nevada, Jan 9, 2007 (AFP) – Family entertainment conglomerate Walt Disney Corporation introduced a revamped website which they say is a one-stop portal to online games, information on films and Disney characters, and product sales.“Our villain is going to try to wipe out our pirates,” Bruckheimer said, referring to his film-in-progress.“Hopefully, you will […]
Across Borders
Jan 09, 2007 (LBO) – Nigeria’s EcoBank has adopted a software product developed by Sri Lanka’s Interblocks Ltd to issue credit cards, officials said Tuesday. Interblocks ‘iCard system’ a multi card issuing and acquiring management and processing solution is now being used to issue local MasterCards in local ‘Naira’ currency. “EcoBank is one of the […]
Milk destroys health benefits of tea, says study
PARIS, Jan 9, 2007 (AFP) – Bad news for Britons: adding milk to tea ruins the health benefits of the drink, according to a Germany study published on Tuesday.Tea has complex compounds called polyphenols which are believed to help the arteries to relax or dilate, thus enabling a smoother flow of blood.Scientists led at the […]