Category:
Easy Financials
Feb 10, 2010 (LBO) – An accounting control software which only needs a web browser to access and operate an organization’s financial system has been developed jointly by UK-based Proteus Software and Kingslake of Sri Lanka. Kingslake Sri Lanka in partnership with IBM and a leading local telecommunications company would provide the software for a […]
Sri Lanka rural businesswomen helped by Gap
Feb 10, 2010 (LBO) – Sri Lankan women entrepreneurs in two rural districts are getting soft loans and technical help under a program support by an international apparel firm, the island’s largest business chamber said. The Ceylon Chamber of Commerce through its ‘Youth Business Sri Lanka’ program offers a concessionary credit facility for business start-ups […]
’ 30-pct: expert
Feb 10, 2010 (LBO) – Sri Lanka’s loss-making state power utility, whose rates have been held below cost by successive governments for political reasons, is running a ˜tariff deficit’ of 30 percent, an expert said. Breakeven is not the end of the story but another stage in the process of a more comprehensive tariff reform […]
Sri Lanka war returnees get US support
Feb 10, 2010 (LBO) – The United States government has given more aid to help Sri Lankans returning to their homes in the former northern war zone and speed up their resettlement, the US embassy said. It said in a statement the aid agency United States Agency for International Development has given 343 million rupees […]
Protestors clash over Fonseka outside Sri Lanka court
February 10, 2010 (AFP) – Sri Lankan police fired tear gas Wednesday as opposition and ruling party activists clashed outside Colombo’s main court complex over the arrest of defeated presidential candidate Sarath Fonseka. Witnesses said anti-riot squads moved in after ruling party supporters pelted stones at thousands of opposition demonstrators demanding the release of former […]
France worried by arrest of Sri Lankan presidential loser
PARIS, February 9, 2010 (AFP) – France said Tuesday it was “extremely worried” about the arrest of Sri Lanka’s defeated presidential hopeful and deplored the mounting official pressure faced by journalists there. France is “extremely worried about the announcement of the arrest of Sarath Fonseka and his aides a few days after the vote,” a […]
‘s Fonseka
UNITED NATIONS, February 9, 2010 (AFP) – UN chief Ban Ki-moon is alarmed by the arrest of Sri Lanka’s defeated presidential candidate Sarath Fonseka and urged Colombo to guarantee his safety, his spokesman said Tuesday. UN spokesman Martin Nesirky said Ban “is following developments in Sri Lanka with concern” and urged Colombo authorities “to follow […]
Sri Lankan stocks close 0.11-pct down
Feb 09, 2010 (LBO) – A rally in Sri Lankan shares was interrupted Tuesday as retail investors took profits while price jumps in selected stocks prevented the bourse falling further, brokers said. Sunshine Holdings which has interests in plantations and healthcare sectors closed at 300.00 rupees, up 123.50, albeit on thin trading turnover. The Sri […]
Chipset
SAN FRANCISCO, February 9, 2010 (AFP) – US technology titans IBM and Intel on Monday rolled out powerful new computer chips designed for businesses continually demanding more from networks and data centers. Intel introduced an Itanium processor 9300 series developed under the code name “Tukwila” that it touts as delivering twice the performance of prior […]
Cheap loans boost India car sales in January
NEW DELHI, February 9, 2010 (AFP) – India’s car sales rose more than 32 percent year on year in January as demand was boosted by cheap loans and an economic recovery, an industry group said Tuesday. Domestic passenger car sales rose to 145,905 units from 110,300 in the same month last year, according to the […]
Sri Lanka Hemas Power Dec net up 71-pct
Feb 09, 2010 (LBO) – Sri Lanka’s Hemas Power said December quarter net profit rose 71 percent to 142 million rupees from a year ago as thermal power generation costs fell and hydro power hit peak output during the rainy period. Sales of the firm, which supplies power to state-run Ceylon Electricity Board and is […]
Sri Lanka president dissolves parliament
February 9, 2010 (AFP) – Sri Lanka’s president Mahinda Rajapakse on Tuesday sacked the national parliament, clearing the way for a national election two months ahead of schedule, his spokesman said. Rajapakse, who secured 58 percent of the popular vote at the presidential election, has said he hoped to improve his hold on a new […]