Author: lbostgadmin
High Fives!
May 9, 2006 (LBO) – Sri Lanka’s Dialog Telekom’s net profits soared 39 percent to 2.39 billion rupees for the three months to March this year, boosted by expansion in international business and booming subscriber growth. Dialog is the largest mobile operator in Sri Lanka with over 2.30 million subscribers as at 31 March 2006 […]
Study Group
May 9, 2006 (LBO) – Sri Lanka inked a letter of intent with India’s NEB Infrastructure (Pvt) Ltd to carry out a feasibility study to build a rail-road system for Colombo. Funded by India’s UTI Bank, the consortium includes Siemens AG of Germany and OPUS International Malaysia, the island’s Board of Investment said in a […]
New Deal
May 08 (LBO) – The Power Ministry said Monday that it would pump in funds to upgrade 100 state held fuel sheds, left over from privatising Sri Lanka’s retail fuel sector. Sri Lanka’s retail fuel market is shared by state oil giant Ceylon Petroleum Corporation and Indian Oil Corp., each holding a one third stake […]
Factional fighting kills 11 as Japanese envoy pushes peace bid
COLOMBO, May 8, 2006 (AFP) – At least 11 people were killed in factional fighting in Sri Lanka on Monday, defence sources said, as a Japanese envoy sought to salvage the island’s faltering peace process. A breakaway faction of the Liberation Tigers of Tamil Eelam (LTTE) launched a pre-dawn attack against a base of the […]
”’s rebels
TRINCOMALEE, Sri Lanka, May 8, 2006 (AFP) – Sweat glistens on the faces of Sri Lankan army soldiers in the early-morning heat as they search the edges of a red-dirt road for the weapon that is increasingly killing them Since December, suspected Tamil Tiger rebels have exploded dozens of Claymore mines, Scandinavian truce monitors say, […]
‘s selector
COLOMBO, May 8, 2006 (AFP) – Sri Lanka’s veteran cricketer Sanath Jayasuirya retired from Test cricket last month after being handed an ultimatum to either quit or be sacked, newly-appointed chief selector Asantha de Mel said Monday De Mel, who replaced Lalith Kaluperuma as chairman of the selection committee last week, blamed his predecessor for […]
The Beatles lose to Apple in the latest trademark war
LONDON, May 8, 2006 (AFP) – The Beatles’ multimedia corporation Monday lost a British High Court battle with Apple Computer, leaving the US group free to continue using the apple name and logo on its revolutionary iTunes music store website. Beatles’ Apple Corps was seeking financial damages and court orders to stop Apple Computer using […]
Tech Boom
May 08 (LBO) – Kobian Technologies tied up with Intel on Monday to launch a new tech platform that offers a leap in performance and graphics for mobile computers. Based on the The Intel® Centrino® Duo mobile technology, users can see a 70 percent gain in performance and 28 percent gain in power usage over […]
Cancer Aid
May 08 (LBO) – Ceylinco Healthcare Services is to set up Sri Lanka’s first private cancer treatment facility by May next year, to treat even advanced cases of the disease.The facility will support its existing cancer screening unit that offers genetic counselling and also tests for oral, breast, stomach, cervical and other cancers. The new […]
Safe-Keeping
May 08 (LBO) – Investors in government securities are being asked to register online with the Central Bank for regular, updated information on their transactions. With LankaSecureNet, investors can get regular information on transactions, interest income and outstanding balances of Treasury Bills and Bonds, the Central Bank said in a statement on Monday. With the […]
Japan moves to save Sri Lanka peace bid
May 7 (AFP) – A senior Japanese envoy began talks with government officials Sunday to try to save Sri Lanka’s peace process as Tamil rebels said troops abducted eight men in the island’s north. The men had slept overnight at a Hindu temple after a ceremony in the Jaffna peninsula before troops allegedly took them […]
Sri Lankan foreign minister in India to discuss peace process
NEW DELHI, May 7 (AFP) – Sri Lanka’s Foreign Minister Mangala Samaraweera has arrived in India to discuss his country’s peace process which is under strain after a surge in violence, officials said Sunday.During his two-day stay, the minister is scheduled to meet Prime Minister Manmohan Singh and foreign secretary Shyam Saran. Ahead of the […]