Author: lbostgadmin
ADB official calls for Asia-wide FTA, but says common market far off
MANILA, Oct 2, 2006 (AFP) – Major obstacles block Asia’s prospects of becoming a common market, but a region-wide free-trade area is a realistic goal, an Asian Development Bank official said Monday.The Philippines-based lender said 183 free trade agreements have either been signed or are being proposed or negotiated across Asia, where the share of […]
Global rules needed to curb trade in arms components: report
LONDON, Oct 2, 2006 (AFP) – Weapons merchants are profiting from the lack of an international judicial framework to supply arms to individuals with few human rights scruples and to states under embargo, a new report said Monday.The globalization of the weapons industry has shed light on the shortcomings of existing legislation to control it, […]
Four Play
October 02, 2006 (LBO) – Dialog Telekom has picked up a radio and television frequency license, which gives them the edge to rollout a host of infotainment services ranging from television to mobile phone services. A unit of Telekom Malaysia, Dialog picked up the frequency by acquiring a 90 percent stake in Asset Media (Pvt) […]
Native Mobile
October 02 2006 (LBO) – Nokia, the world’s largest mobile phone maker, has sold over 5,000 handsets equipped with Sinhala language settings and keypads, since they were launched in Sri Lanka last week. Sri Lanka South Asian to offer mobile technologies way back in 1989, and the current 4-million subscriber market is split between Dialog […]
‘s end: state paper
Oct 1, 2006 (AFP) – Sri Lanka’s president has asked his party to prepare for general elections before year’s end if the main opposition fails to back his minority government, a state-run newspaper said Sunday.President Mahinda Rajapakse has summoned members of his Sri Lanka Freedom Party and asked them to get ready for elections, the […]
Norwegian envoy resumes Sri Lanka peace bid
Oct 1, 2006 (AFP) – Sri Lanka’s peace broker Norway is set for a fresh attempt to end a seven-month deadlock in talks after the warring parties agreed to meet, diplomats said Sunday. Special envoy Jon Hanssen-Bauer will begin meetings with political leaders on Monday during a four-day visit aimed at jump-starting stalled negotiations between […]
Gold Twist
October 1, 2006 (LBO) – In another twist to the continuing GoldQuest controversy, remaining officials of the anti-pyramiding unit, that probed the GoldQuest case have been transferred for better career prospects, and to complete other urgent work, senior central bank officials said. “We established the Unit to carry out investigations without disrupting the work of […]
New Ball
September 30, 2006 (LBO) — Ceylon Petroleum Corp. (CPC) Chairman Jaliya Medagama resigned Saturday citing personal reasons. Medagama will be succeeded by ex-cricketer Asantha de Mel. De Mel, who is currently the chairman of CPCs oil storage and distribution facility, is also believed to have close links with President Mahinda Rajapakse. In July, petroleum trade […]
Fresh violence claims 18 lives in Sri Lanka
Sept 30, 2006 (AFP) – Sri Lankan police commandos killed 15 Tamil Tiger rebels who attacked their camp in the east of the country on Saturday, while three constables died in other violence.The defence ministry said the guerrillas attacked the Pullumalai camp of the police’s Special Task Force (STF) early Saturday. “The STF had good […]
US charges six with shipping arms to Tamil Tigers, Indonesia
WASHINGTON, Sept 29, 2006 (AFP) – US authorities said Friday they had charged six Asian men with conspiracy to ship arms, including submachine guns and sniper rifles, to Sri Lanka’s Tamil Tigers and unnamed customers in Indonesia.The men, arrested in Guam, are accused of acting as brokers between weapons manufacturers and the Tigers, which is […]
‘s top job
Sept 30, 2006 (AFP) – Sri Lanka’s candidate has pulled out of the race to succeed Kofi Annan as UN secretary general and the country has thrown its backing behind South Korea’s Ban Ki-Moon, officials here said Saturday.Jayantha Dhanapala announced his withdrawal after finishing last in three informal polls among members of the UN Security […]
‘s inflation hits 15.4% in September
September 29, 2006 (LBO) – Consumer prices in Sri Lanka rose to 15.4 percent in Sept from 15.3 percent in August, the Census & Statistics Dept said Friday, due to price gains in electricity, fuel and vegetables. On 12 month moving average inflation for September rose to 11.2 percent from 10.8 percent in August. The […]