Author: lbostgadmin
Mobsters, hookers unwelcome in Singapore casinos
SINGAPORE, Dec 20, 2006 (AFP) – Loan sharks, prostitutes, money launderers and mobsters — they’re traditionally as much a part of casinos as the punters themselves.But squeaky-clean Singapore is taking steps to make sure criminals have no place in the city-state’s two new gaming centres, which are due to open by 2010. Analysts have confidence […]
Internet TV
Dec 20, 2006 (LBO) – Capital Maharaja, a unit of the privately held media house the Maharaja Group, has tied up with Tokyo based media group, to digitally deliver television content via broadband to Sri Lankan diaspora in Korea and Japan. Capital Maharaja group’s e-commerce and internet arm RaiderTech penned the deal on Wednesday to […]
‘s tourist arrivals drop sharply by 22% in November
December 20, 2006 (LBO) – Sri Lanka’s visitor arrivals in November slumped to 22.4 percent, the Tourist Board said Wednesday, prompting fears that the dwindling numbers will spillover to 2007. Sri Lanka welcomed 549,308 visitors in 2005 and the board is hoping to equal the score this year. The island greeted 37,591 holidaymakers in November […]
Treasury yields shoot up
December 20, 2006 (LBO)– Sri Lanka’s treasury bill rates rose sharply at Wednesday’s auction following after the central bank hiked its key policy rate by 37.5 basis points last Friday. One-year treasury yields climbed 18 basis points to 12.95 percent, while six-month paper rose 15 basis points to 12.78 percent and three-month treasuries jumped 20 […]
‘s Central Bank moves to sooth currency markets
December 20, 2006 (LBO) – Sri Lanka’s central bank Wednesday sought to pour oil on troubled waters saying currency depreciation to date is consistent with past trends. “It is seen that the current depreciation of 5.2 percent [against the U.S. dollar] is somewhat consistent with the usual trend in the past and movements in economic […]
Green Business
December 19, 2006 (LBO) – Sri Lankan businesses are cashing in on a booming market for carbon finance, selling carbon credits at increasing prices to developed countries struggling to meet climate change commitments. Developed countries who are signatories to the Kyoto protocol have agreed to cut carbon dioxide emissions that contribute to global warming, to […]
Tamil rebel factional fight leaves three dead
COLOMBO, Dec 19, 2006 (AFP) – At least three Tamil rebels were killed in a skirmish between rival factions in northern Sri Lanka on Tuesday, police said. Members of the Liberation Tigers of Tamil Eelam (LTTE) and the breakaway “Karuna” group clashed in Vavuniya district. “Three people have been killed and we are trying to […]
Floods swamp Sri Lanka ahead of tsunami anniversary
COLOMBO, Dec 19, 2006 (AFP) – Floods have displaced at least 40,000 people in Sri Lanka as the country prepares to commemorate the second anniversary of the Asian tsunami disaster, an official said Tuesday. The districts of Hambantota and Ampara, two of the worst hit by the December 2004 tsunami, were under water, sadi National […]
Tamil rebels kidnap 23 students in Sri Lanka: military
Dec 19, 2006 (AFP) – Tamil guerrillas seized 23 students and two teachers and took them to a military training facility in eastern Sri Lanka, the defence ministry said Tuesday. The teenagers, who were attending a night tuition class in Ampara district were taken on Monday to a Liberation Tigers of Tamil Eelam (LTTE) training […]
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COLOMBO, Dec 19, 2006 (AFP) – Tamil Tiger rebels kidnapped 23 teenagers and two of their teachers in eastern Sri Lanka, but later freed them and suspended the militants involved, the guerrillas said Tuesday. The Liberation Tigers of Tamil Eelam (LTTE) said members of their eastern units had taken the children away on Monday night […]
Goa puts its money on casinos as tourists flood India
CALANGUTE, India, Dec 19, 2006 (AFP) – India’s Arabian Sea tourist resort of Goa, beloved of hippies and backpackers, plans to launch an armada of floating casinos to pull in high-roller tourists. Goa’s state government proposed the casinos as India posted a 13 percent rise in tourist arrivals to 3.91 million in the fiscal year […]
Asian stocks punished as Thai junta spooks investors with capital controls
HONG KONG, Dec 19, 2006 (AFP) – Asian stocks were broadly lower Tuesday, with investors spooked by the worst ever losses in Bangkok where the military government imposed capital controls reminiscent of the 1997 Asian financial crisis. The controls, aimed at curbing a massive appreciation in the local currency, stunned the region, prompting heavy stock […]