Author: lbostgadmin
Beating Odds
NEW DELHI, Nov 5, 2006 (AFP) – Seven Indian cities have emerged as the most favored outsourcing destinations globally, beating out rivals such as Manila, Shanghai and Moscow, according to a report by a US-based consultancy.And India looks set to remain the outsourcing leader in the long term, according to the consultancy neoIT, which advises […]
Chatterboxes
DHAKA, Nov 5, 2006 (AFP) – The number of subscribers to Bangladesh’s top mobile phone company exceeded 10 million Sunday as low call rates and cheaper phones led to a surge in customers, GrameenPhone said Sunday.GrameenPhone, a unit of Norwegian telecom company Telenor, said it added 4.5 million subscribers since January, making it the fastest-growing […]
Main opposition in Sri Lanka blows hot and cold over upcoming budget
November 05, 2006 (LBO) – Sri Lanka’s opposition United National Party which has pledged to support the ruling party in the budget vote says, it will criticize harmful features of the budget, because economic policy is not included in a recent co-operation deal signed between the two parties. “We were not consulted on the upcoming […]
Fiscal Fiasco
November 14, 2006 (LBO) – The massive fiscal cost and the subsequent body blow delivered to the economy of Sri Lanka by indiscriminate fuel subsidies from early 2004 had received the attention of international economic researchers. A study by researchers at the International Monetary Fund has found that 74.9 percent of the money spent on […]
Tiger mine kills two sailors in Sri Lanka
COLOMBO, Nov 4 (AFP) – A powerful Claymore mine exploded in northeastern Sri Lanka Saturday, killing two sailors, military officials said.The rebel Liberation Tigers of Tamil Eelam (LTTE) set off the surface mounted mine at Nilaveli, a former popular tourist spot, as sailors were on a foot patrol, a local official said. “One died on […]
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MUMBAI, India, Nov 4 (AFP) – The International Cricket Council confirmed on Saturday it had removed controversial Australian umpire Darrell Hair from the elite world panel following a ball-tampering row with Pakistan.Hair, a veteran of 76 Tests, first stood in first-class cricket in 1988-1989, having previously been a fast bowler for North Sydney and Mosman […]
Sri Lanka says Tamil Tigers preparing offensive
Nov 3, 2006 (AFP) – Sri Lanka’s defence ministry said Friday the Tamil Tiger rebels were gearing up for a major offensive following the latest peace talks failure and ahead of their leader’s birthday later this month.The ministry said the Liberation Tigers of Tamil Eelam (LTTE) had stepped up artillery and mortar attacks against security […]
Sri Lankan rebels accused of strike plan, as Tiger targets hit
Nov 3, 2006 (AFP) – Sri Lankan war planes pounded suspected Tamil Tiger targets for a third straight day Friday after the defence ministry charged that the guerrillas were preparing for a major offensive Sri Lanka’s defence ministry said supersonic jets hit two locations of the Liberation Tigers of Tamil Eelam (LTTE) in the eastern […]
‘s Reliance launches giant retail rollout
HYDERABAD, India, Nov 3, 2006 (AFP) – Indian corporate giant Reliance Industries began a multi-billion dollar superstore rollout Friday with promises to the nation’s small traders that it would not drive them out of business.The 11 slick, air-conditioned stores which opened in this southern city are a novelty in the country of 1.1 billion people, […]
Intellipedia
WASHINGTON, Nov 3, 2006 (AFP) – US officials say they have created their own version of the Wikipedia online encyclopedia for intelligence agents, in a bid to encourage US spy agencies to share information and transcend bureaucratic rivalries.Launched in April, Intellipedia allows analysts and officials from a range of agencies to add and edit content […]
Quiet Settlement
Nov 03 (LBO) – Sri Lanka’s securities watchdog settled a case against Mr. Sajee Lakshman Perera, relating to share trading of Ceylon Grain Elevators (CGE). The accused was charged with creating a false or misleading impression relating to the market and price of CGE shares and misleading the SEC in its investigations, the Securities and […]
Promised Land
Nov 03 (LBO) – An Indo-Lanka economic partnership agreement to free up services like banking and insurance, professional services and aviation, has been delayed to early next year. India and Sri Lanka have had about seven rounds of technical level talks on a Comprehensive Economic Partnership Agreement (CEPA), since 2003. The agreement hopes to deepen […]