Author: lbostgadmin
Six civillian killed Northeast Sri Lanka
COLOMBO, Sept 22(AFP) – At least six civilians were killed in separate incidents across Sri lanka’s embattled northeast, the defence ministry here said Friday.Security forces found the bullet-riddled bodies of three men in the Jaffna peninsula where another man had been similarly shot dead by unidentified attackers on Thursday, the ministry said. It said a […]
British travellers warned after new Sri Lanka violence
LONDON, Sept 22, 2006 (AFP) – Britain’s foreign ministry tightened up its advice Friday to travellers in north and east Sri Lanka after at least six people were killed in the troubled area. In a review of its travel advice, the Foreign Office warned Britons not to travel to any part of the north or […]
China busts product based, e-commerce pyramid
BEIJING, Sept 21 (AFP) – Chinese police have busted a “cult-like” pyramid sales scam involving up to 500,000 people that amassed two billion yuan (250 million dollars), state press reported Thursday.The scheme, which began by selling women’s make-up, was masterminded by a 30-year-old post-doctoral student who ran operations largely through the Internet, the People’s Daily […]
‘s wealth
BANGKOK, Sept 22 (AFP) – Thailand may seize the assets of ousted billionaire prime minister Thaksin Shinawatra, the new military junta said on Friday. “It’s under consideration on how we will proceed” with Thaksin’s vast assets, said Air Chief Marshall Chalit Pukbhasuk, the head of the air force and one of the military commanders who […]
Asia must boost infrastructure investment: ADB boss
JAKARTA, Sept 22, 2006 (AFP) – Asia must dramatically boost investment in infrastructure in the next decade or risk losing its global competitive edge, the president of the Asian Development Bank warned Friday. According to a copy of a draft speech, Haruhiko Kuroda told an emerging markets forum in Jakarta that Asia would need to […]
In-Shoring
Sept 22 (LBO) – A Sri Lankan telecom firm shifted its call centre out of the capital to a lower-cost central region of the island, in a trendsetting move that other firms could follow to their advantage. Suntel, unit of Sweden’s Telia which runs a wireless fixed network in the island, shifted its customer service […]
Lucky Strike
Sept 22 (LBO) –Savers in Sri Lanka, who are losing money because of negative real interest rates in the country, stand to recoup their losses if they get lucky in a lottery that has now become a standard feature of bank deposits. The country’s largest private bank, Hatton National Bank is offering a Mercedes Benz […]
Self Service
Sept 22 (LBO) – Some Sri Lankan banks that are shifting traffic off its counters and to self service channels like teller machines and home banking, are doing better than other South Asian countries. Sri Lanka became the eleventh country in the world to accept bulk cash deposits in large denominations, which are instantly credited […]
Developing states aim to lift millions out poverty with new G11 forum
NEW YORK, Sept 20, 2006 (AFP) – Eleven developing economies clubbed together Wednesday to unveil a new forum aimed at easing their debt burden, narrowing the income gap with rich countries and lifting millions of people out of poverty. Jordan’s King Abdullah II unveiled the Group of 11 (G11) mostly lower-middle income countries on the […]
Sri Lanka troops deployed at Muslim town after rioting
COLOMBO, Sept 21, 2006 (AFP) – Sri Lankan troops were deployed at a Muslim town in the island’s east to quell rioting following the massacre of 10 residents, military officials said Thursday. Soldiers were deployed in the town of Pottuvil after residents clashed with local police, although an overnight curfew was eased early Thursday. “Soldiers […]
Four South Asian nations, including Sri Lanka, accused of doping offences
COLOMBO, Sept 21, 2006 (AFP) – Athletes from India, Pakistan, Sri Lanka and Nepal tested positive for banned substances at last month’s South Asian Games here, an official said on Thursday. “We have sent the preliminary investigation reports to the four countries and are awaiting their response”, Sri Lanka’s National Olympic Committee president Hemasiri Fernando […]
‘ complaints
SHANGHAI, Sept 21, 2006 (AFP) – Financial regulators in China are mulling loosening regulations for foreign banks after criticism that proposed lending rules were far too strict, a state newspaper said Thursday. China, which is gearing up to open its financial services in line with commitments made to the World Trade Organization when Beijing joined […]