Author: lbostgadmin
Sri Lanka airlifts food to stranded people of Jaffna
Oct 25, 2006 (AFP) – Sri Lanka has airlifted hundreds of tons of food and other essential items to Jaffna, which was cut off more than two months ago by fighting with Tamil rebels, the defense ministry said Wednesday. The military operated emergency flights Tuesday and Wednesday and was expected to ferry more goods to […]
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ABU DHABI, Oct 25, 2006 (AFP) – Tamil Tiger rebels heading for peace talks in Geneva are banking on international pressure on the Sri Lankan government to stop the island returning to “real war”, a top guerrilla leader said Wednesday. “If the international community fails to put pressure on the government to implement the (February […]
Major Update
SAN FRANCISCO, Oct 24, 2006 (AFP) – Mozilla on Tuesday released a new version of its Firefox web browser that has gained popularity as a free alternative to Microsoft’s ubiquitous Internet Explorer software.In the two years since its release by the nonprofit Mozilla Foundation, the Firefox browser has won millions of devotees worldwide. The Firefox […]
BPO Ponzi
October 25, 2006 (LBO) – A Ponzi-style fraud that was masquerading as an internet based outsourcing company, shut up shop Wednesday, leaving thousands of Sri Lankan defrauded of millions of rupees. Mt. Lavinia police said the operators, who ran a company called Seagullsoftwares have fled the office and they had no idea how many people […]
Bigger Say
October 25, 2006 (LBO) – Sri Lanka’s conglomerate John Keells Holdings Ltd Wednesday said it has raised its ownership in port operator South Asia Gateway Terminals (Pvt) Ltd to 33.75 percent. “The success of SAGT further proves the ability of Sri Lankan companies to develop and add value to large scale infrastructure projects,” Ratnayake added. […]
‘s one-year treasury yield at 12.03%
October 25, 2006 (LBO) – Sri Lanka’s borrowing costs continued to climb up following Wednesday’s weekly treasury bill auction, with market players anticipating a further hike in policy rates next month, traders said. Yields on all maturities went up with the central bank refraining from printing money to keep rates down. Yields for three month […]
Sri Lanka warring parties head for Swiss peace talks
Oct 24, 2006 (AFP) – Sri Lanka’s government and rebel negotiators headed to Switzerland Tuesday for talks aimed at saving a troubled ceasefire after 10 months of fighting killed more than 3,000 people, officials said.The Liberation Tigers of Tamil Eelam (LTTE) and the government are under heavy diplomatic pressure to lift an eight-month impasse in […]
Pay-TV piracy on the rise in Asia: study
HONG KONG, Oct 24, 2006 (AFP) – Pay-TV piracy in Asia is estimated to cost the industry 1.13 billion US dollars in 2006, up 6.6 percent from 2005, a survey said Friday. The annual report by the Cable and Satellite Broadcasting Association of Asia (CASBAA), that studied TV markets across 11 Asian countries, said the […]
Sri Lanka rivals secure deal to push for peace
Oct 23, 2006 (AFP) – Sri Lanka’s ruling party and the opposition agreed Monday to work together towards a political settlement to the island’s bloody ethnic fighting which has claimed more than 60,000 lives.The Tigers warned at the weekend they would unleash their bloody campaign island-wide if violence against Tamil areas continued, while the government […]
At Hong Kong high-tech cafe, everything is served with microchips
HONG KONG, Oct 23, 2006 (AFP) – With a whir and a flash of lights, a robot whizzes to the restaurant table and takes a customer’s order, while a second races to another table to deliver plates of steaming food.This isn’t a scene from a science fiction book. Rather, it’s the daily routine at a […]
Air Zimbabwe hikes fares by 500 percent
HARARE, Oct 23, 2006 (AFP) – Zimbabwe’s cash-strapped national carrier, Air Zimbabwe, announced fare increases on Monday of up to 500 percent on both international and domestic routes.A spokesman said the airline had no option but to implement the masssive price hikes as a result of surging overhead costs and the high inflation rate. “The […]
Child™s Play
October 23, 2006 (LBO) – The Ceylinco Consolidated Group™s 3-billion rupee state-of-the-art women and children hospital is due to open in March 2008. The privately owned Golden Key Hospital for Women and Children, aims to offer pediatric, maternity and gynecological services. Built on a land in Narahenpita, the 200 bed hospital hopes to be fully […]