Author: lbostgadmin
Ex-Apple chief plans mobile phone for India Origin: India
NEW DELHI, April 19, 2014 (AFP) – Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped smartphone market.Inflexionpoint, an information technology supply company co-founded by Sculley, will start selling the smartphones […]
Sri Lanka President sends condolences to South Korea
Apr 18, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa has sent condolences to South Korea over a ferry disaster which has killed an unknown number of persons.In a message to his counterpart President Park Geun-hye, President conveyed profound condolence on behalf of the people and government of Sri Lanka to Korea and the affected […]
Preglacial landscape found deep under Greenland ice
WASHINGTON, April 18, 2014 (AFP) – US geologists said Thursday they have uncovered a preglacial tundra landscape preserved for 2.7 million years far below the Greenland ice sheet. They then sampled a rare form of the element beryllium, the beryllium-10 isotope formed by cosmic rays. The research, backed by National Science Foundation funding, found that […]
Precision Persistence
Apr 18, 2014 (LBO) – The founder of a 40 million US dollar Sri Lanka based precision tech company whose entry in to the automotive supply chain epitomizes persistence said he was helped by cultural interaction and trust.He said his knowledge of the Japanese language and culture also helped him break into the automotive supply […]
Sri Lanka air passenger handling up 3.3-pct in 2013
Apr 17, 2014 (LBO) – Sri Lanka main international airport has handled 7.3 million passengers, including transit travellers, up 3.3 percent from a year earlier, while aircraft movements rose 5 percent to 50,802. During the year British Airways, Korean Airlines, Air Asia X and Turkish Airlines had started flying to to Sri Lanka from London, […]
Sri Lanka rubber growers hit by plunging prices
Apr 17, 2014 (LBO) – Sri Lanka’s rubber growers are being hit by falling world prices with production volumes also dropping due to a drought within the country, an industry association said.Deputy Chairman Planters™ Association of Ceylon (PA) and CRTA Vice Chairman S. S. Poholiyadde said in a statement that rubber prices have halved over […]
‘s Richard Pieris to sell Rs3.5bn in debt
Apr 17, 2014 (LBO) – Sri Lanka’s Richard Pieris Company Ltd, has been given the nod to sell 3. 5 billion rupees in debt, the Colombo Stock Exchange said. The firm will offer 30 million unsecured redeemable debentures of 100 rupees each with an option to sell a further 5 million in case the first […]
‘s missing macaws
COLOMBO, April 16, 2014 (AFP) – Four macaws belonging to Sri Lankan President Mahinda Rajapakse have escaped his tightly-guarded official residence in Colombo, his office said Wednesday as it appealed for help to trace the colourful long-tailed birds. Macaws — a species of parrot — are not indigenous to Sri Lanka, but several pet stores […]
Sri Lanka could have credit upgrade on lower budget deficit, external debt: Fitch
Apr 16, 2014 (LBO) – Sri Lanka’s sovereign credit could be upgraded on a steadily narrowing budget deficit and a lower external debt burden, which were weaker than similarly rated countries, Fitch Ratings has said. Among Fitch rated Asia Pacific sovereigns, Mongolia had a ‘B+’ rating with a negative outlook, Vietnam ‘B+/positive’, Philippines and Indonesia […]
Fuel Sales
Apr 16, 2014 (LBO) – Losses at Sri Lanka’s state-run Ceylon Petroleum Corporation fell to 7.7 billion rupees in 2013 from 89.6 billion rupees a year earlier, but bank debt was still high, official data showed.The Central Bank in its annual report said other state enterprises owed the CPC 75.1 billion rupees and CPC in […]
‘s missing macaws
COLOMBO, April 16, 2014 (AFP) – Four macaws belonging to Sri Lankan President Mahinda Rajapakse have escaped his tightly-guarded official residence in Colombo, his office said Wednesday as it appealed for help to trace the colourful long-tailed birds.Macaws — a species of parrot — are not indigenous to Sri Lanka, but several pet stores import […]
‘s elections
NEW DELHI, April 15, 2014 (AFP) – A war of words erupted among the “first family” of Indian politics on Tuesday as a new poll pointed to a sweeping election win for the Hindu nationalist opposition.Priyanka Gandhi, sister of Rahul Gandhi who is leading the ruling Congress party’s campaign, called the bitterly fought election contest […]