Author: lbostgadmin
Norway reiterates commitment to Sri Lanka peace process
OSLO, June 26, 2006 (AFP) – Norway is determined to continue its mediation efforts in Sri Lanka despite a flare-up in violence on the island and uncertainty about the role of Nordic peace observers, Norwegian officials said on Monday. “Norway remains committed to Sri Lanka, in good times and bad times,” Norway’s special envoy to […]
Sri Lanka announces tighter security after suicide bombing
June 26, 2006 (AFP) – Sri Lanka’s military Monday announced it will bring back tighter security measures across the country following the assassination of a top army general by a suspected Tamil Tiger suicide bomber. Security forces will re-activate all measures that were in place before the February 2002 ceasefire between the government and the […]
‘s favorite killing machine for next 20 years — report
UNITED NATIONS, June 26, 2006 (AFP) – The Kalashnikov assault rifle will remain the world’s favorite killing machine in conflict zones for at least the next 20 years because its production is poorly regulated, a report released here Monday said. Up to 70 million AK-47s and variations of its design are in circulation around the […]
”’Clock
NEW DELHI, June 26, 2006 (AFP) – India’s largest coffee producer, Tata Coffee Ltd. said Monday it signed a deal to buy U.S.-based Eight O’Clock Co. from Gryphon Investors for 220 million dollars. “This acquisition is a strategic fit with our growth plans and helps Tata Coffee in attaining its objective to become an international […]
Cable Guys
June 26, 2006 (LBO) – Sri Lanka Monday asked satellite television broadcasters to get themselves registered and fixed an annual fee of 500,000 rupees. The Telecommunications Regulatory Commission said cable distribution networks and satellite communications networks have to apply by July 21, 2006 to secure a license. It applies to all satellite or cable television […]
Kenya expects 2006 tea production to drop more than 10 percent
NAIROBI, June 26, 2006 (AFP) – Kenyan tea production dipped in May and is expected to fall between 10 and 16 percent in 2006 compared with a year earlier due to less rainfall and the lingering effects of a just-ended drought, officials said Monday. The Tea Board of Kenya (TBK) said May output dropped by […]
”’
June 26, 2006 (LBO) – Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the rating agency said Monday. Fitch also affirmed Singer’s outstanding debentures: • 200 million rupees 2004/2008 • 250 million rupees 2004/2008 • 300 million rupees 2005/2009 • 400 million rupees […]
”’ rating
June 26, 2006 (LBO) – Fitch Ratings Lanka on Monday assigned a ‘BBB-(lka)’ rating for People’s Merchant Bank’s long-term debt, citing its parental backing and conservative management techniques, as a reason for it. “The rating reflects the potential support from its shareholders particularly People’s Bank (rated ‘A-(lka)’, which currently owns 39.0 percent of PMBs shares […]
”s faltering peace: analysts
June 25, 2006 (AFP) – A tense calm has settled over Sri Lanka as the government and Tamil Tiger guerrillas await a decision from peace broker Norway that could make or break the fragile truce keeping the island from all-out war, analysts say. Norwegian diplomats who have struggled to bring the two sides together will […]
‘s northeast
SHILLONG, India, June 25, 2006 (AFP) – It’s not that Rosanna Lyngdoh Mawphlang isn’t grateful that under her Khasi tribe’s matrilineal system she, rather than her brothers, will inherit the family’s sprawling 21-roomed home.It’s just that she’s not sure she wants all the responsibility that goes with it. “I know this is a privilege that […]
Nice Fit?
KUALA LUMPUR, June 25, 2006 (AFP) – Malaysia’s top mobile phone operator Maxis Communications is bidding for Sri Lanka’s fifth mobile operator’s licence along with major firms from Singapore and India, a report said Sunday. The Edge newspaper said the GSM1800 licence would cost Maxis around four million dollars. The other two bidders are Singapore […]
Pressure Points
BANGALORE, India, June 25, 2006 (AFP) – Soaring salaries and poor quality of manpower are prompting foreign firms to shut their outsourcing operations in India although there is no cause for alarm yet, officials and analysts say.US-based Apple Computer and software maker Pervasive have been joined by Powergen, a British subsidiary of German energy supplier […]