Author: lbostgadmin
‘ve got 3.5 minutes…
LONDON, May 18, 2006 (AFP) – The average British worker spends just 3.5 minutes on average actually eating lunch, in order to cram as much as possible into their break, according to a survey published Thursday.The study of 2,000 people suggested nearly two-thirds (64 percent) tried to fit a number of activities into their lunch […]
” set to open in London
LONDON, May 18, 2006 (AFP) – The world’s first “theme park” dedicated to sex and relationships is set to open in London’s bustling West End later this summer, its promoters said Thursday.Amora: The Academy of Sex and Relationships, featuring “high-tech and interactive exhibits together with new media displays,” expects up to 600,000 visitors within its […]
Making Progress
May 18 (LBO) – Software solutions company KingsLake together with Progress Software Corp., launched a new version of its Open Edge software on Wednesday to speed up day-day business applications. Open Edge Software Version 10.1 is what is called an Integrated Development Environment (IDE) to develop business solutions for modern business logics. The software is […]
Foiled Plan
May 18 (LBO) – Attempts to widen the takeovers and mergers code to include indirect company takeovers is unlikely to work, Sri Lanka’s securities watchdog said Wednesday. Under the code, when a buyer triggers the 30 percent threshold of a target company, the firm has to make a mandatory offer to the remaining shareholders. The […]
Aitken Spence on the brink of picking up their fourth Maldivian resort
May 18 (LBO) – Sri Lanka’s Aitken Spence & Company is currently wrapping up a deal to pick up their fourth Maldivian resort, a top company official said Thursday. “We are at the final stages of signing an agreement to sub lease the Lohifushi in Maldives from their current owners,” Malin Hapugoda, Managing Director of […]
Good Windfall
May 18, 2006 (LBO) – Sri Lanka’s NDB Bank Thursday reported a 585 percent jump in first quarter profits boosted by capital gains from the partial equity stake sale in Eagle Insurance. “The results are not surprising, considering the capital gains made from the part sale of Eagle to Aviva,” notes Chinthaka Ranasinghe, Head of […]
Sri Lanka joins ADB initiative to combat corruption
May 17, 2006 (LBO) – Sri Lanka Wednesday joined an Asian Development Bank- Organisation for Economic Co-operation and Development initiative to develop an action plan to combat corruption. “Knowledge – Commitment – Action against Corruption in Asia-Pacific”, a book that explores innovative reforms discussed at the ADB OECD 5th Regional Anti-Corruption Conference for Asia-Pacific in […]
Quantum Leap
May 17, 2006 (LBO) – Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in a broad hint that a retail fuel price revision was around the corner. Sri Lanka is a net oil importer, with last year’s fuel bill climbing up to 1.64 billion […]
Foreign bid to pull Sri Lanka from war amid killings
May 17, 2006 (AFP) – The United States is leading international efforts to halt Sri Lanka’s slide back to war, diplomats and officials said Wednesday as four more people died in fresh violence.A US State Department official left here Tuesday, urging the government and Tamil Tiger rebels to resume talks suspended in April 2003 and […]
Japan to fingerprint and photograph foreign visitors
TOKYO, May 17, 2006 (AFP) – Japan’s parliament narrowly approved Wednesday a bill to follow the United States in fingerprinting and photographing foreign visitors, despite concern the security measures violated privacy.The upper house voted 131 to 94 to support the bill, which would also allow the justice minister to expel terrorist suspects. The lower house, […]
” in Cannes
CANNES, France, May 17, 2006 (AFP) – The most hotly-awaited movie of the year “The Da Vinci Code” failed to crack an audience of movie critics here at a sneak preview ahead of Wednesday’s opening of the Cannes Film Festival.Several whistles instead of applause were all that greeted the end of Ron Howard’s 125-million-dollar film, […]
Tough Call
May 17 (LBO) – Expensive telephone calls and tough labour laws could scare off multinational companies eyeing Sri Lanka as a possible destination to outsource business. South Asia has some of the highest firing costs in the region and Sri Lanka stays on top for rigid labour laws and high severance pay, a World Bank […]