Author: lbostgadmin
Friendly Fire
LONDON, Nov 29 (AFP) – Dubai Ports World (DPW) announced on Tuesday a recommended takeover of P&O, valuing Britain’s biggest ports and ferries group at 3.326 billion pounds (4.852 billion euros, 5.739 billion dollars). LONDON, Nov 29 (AFP) – Dubai Ports World (DPW) announced on Tuesday a recommended takeover of P&O, valuing Britain’s biggest ports […]
Clinton in Sri Lanka for tsunami recovery tour
The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials said. The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials […]
Be Careful
Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS.Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS. Sri Lanka had around 4,800 HIV-infected people, including children, by end of 2002 which is a low prevalence rate compared to the total population of 19 […]
Friendly Hand
Sri Lanka on Tuesday picked up a Rs.80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. Sri Lanka on Tuesday picked up a Rs. 80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. […]
Matching Targets
State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise.State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise. The technically insolvent bank said Tuesday that its net profits were down 10.6 percent to Rs. […]
Catch 22
State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. Selected Indicators:
‘s Tigers issue deadline to resume war for independence
Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]
WTO to pay special attention to small economies like Sri Lanka
The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks.The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks. The WTOs draft text for its Ministerial meeting in December, calls on WTO countries […]
Sri Lanka president invites Tigers for talks
Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas issued a deadline for him to cut a peace deal quickly or risk a new war.Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas […]
Tamil Tigers ease war fears in Sri Lanka as president renews talks offer
A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in the South Asian nation and left room for the new government to manoeuvre, analysts said Monday.A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in […]
Blood Brothers
Sri Lanka’s Central Bank has approved the merger between Nations Trust Bank and Mercantile Leasing Ltd, a key shareholder of both units said Sunday.Sri Lanka’s Central Bank has approved the merger between Nations Trust Bank and Mercantile Leasing Ltd, a key shareholder of both units said Sunday. Shareholders of both entities approved the transaction where, […]
Ageing Process
Ceylon tea was renowned for its quality. Ceylon tea was renowned for its quality. But supplies exceeding demand, higher cost of production and middlemen margins have forced the tea industry to compete on price rather than on quality. Consumers preferring flavored and instant teas are also not helping the local tea industry that produces old […]