Category:
Cyber Attack
WASHINGTON, January 15, 2010 (AFP) – Microsoft said Thursday that a security vulnerability in its Internet Explorer browser was used in cyberattacks which prompted Google to threaten to shut down its operations in China. Reavey stressed that Microsoft “has not seen widespread customer impact, rather only targeted and limited attacks exploiting (Internet Explorer 6).” Changing […]
No Sale
Jan 15, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit will stay with the group, with new investments planned to increase coverage, while the parent is being de-listed from the Hong Kong stock exchange, an official said. Sri Lanka’s mobile market is shared between Dialog Telekom, a unit of Malaysia’s Axiata, Mobitel a unit […]
Sri Lanka power generation, diesel sales up in October
Jan 15, 2010 (LBO) – Sri Lanka’s power generation rose 3.9 percent in August 2009 to 856 GigaWatt hours from a year earlier, with hydro power increasing its share, and diesel sales were also up the latest official data showed. Sri Lanka’s power generation contracted in the first half of the year in line with […]
Sri Lanka presidential hopeful to play policy referee
Jan 15, 2010 (LBO) – Sri Lanka’s opposition presidential hopeful retired general Sarath Fonseka has said he may have to play referee between pro free market United National Party and Marxist Janatha Vimukthi Peramuna. JVP is credited with key initiatives of the post-2004 economic program which proposed expanding state employment, subsidizing fuel and pushing state […]
Sri Lanka to pay extra interest to senior citizens
Jan 15, 2010 (LBO) – Sri Lanka’s government will pay an extra 20 percent ‘bonus interest’ for rupee deposits maintained at licensed commercial banks by senior citizens, the Central Bank said. The extra interest will be 20 percent of the interest earned after January 01, subject to a limit of 120,000 per person per year. […]
Sri Lanka flights filling up: Etihad Airways
Jan 14, 2009 (LBO) – Abu Dhabi based Etihad Airways is seeing growth in traffic after it resumed services to Colombo with tourist arrivals also expected to pick after a 30-year war ended in the island, officials said. The airline is also banking on an upturn in tourist traffic after a 30-year war ended last […]
Sri Lanka wins tri-series beating India
DHAKA, January 13, 2010 (AFP) – Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to guide Sri Lanka to a four-wicket win over India in the triangular one-day series final here on Wednesday. Jayawardene top-scored with an unbeaten 71 and skipper Sangakkara made a brisk 55 as Sri Lanka passed India’s 245 with nine balls […]
‘s ruling party in election: report
January 14, 2010 (AFP) – Sri Lanka stopped using heavy weapons against Tamil Tiger rebels to help the re-election bid of neighbouring India’s ruling party, a top official in Colombo said Thursday. Sri Lanka’s 12.5 percent minority Tamil community has close cultural and religious links with India’s Tamil Nadu state, which was once the staging […]
Sri Lanka state trading firm imports Pakistan rice to cool crisis
Jan 14, 2010 (LBO) – A Sri Lankan state trading firm has imported a stock of rice from Pakistan as domestic prices shot up in a market mired in heavy handed state intervention. Shops run of supplies, a situation known as a ‘shortage’ in economic terms, happens only when there are price controls. Without government […]
Sri Lankan shares close 0.94-pct up
Jan 13, 2010 (LBO) – Sri Lankan stocks closed up 0. 9 percent Wednesday reversing two days of losses and heavy buying in diversified Distilleries and another firm which has made a cash call helping turnover top 2.0 billion rupees, brokers said. The All Share Price Index closed at 3,536.71, up 1.20 percent (42.09 points) […]
Handling Record
Dec 13, 2009 (LBO) – Sri Lanka’s privately owned South Asian Gateway Terminals at Colombo port handled a record high volume of containers despite a global economic slump which reduced shipping volumes worldwide, data released by the firm showed. The other is state owned Jaya Container Terminal (JCT), the port’s main transshipment facility, has seen […]
Ship Sale
Jan 13, 2010 (LBO) – Sri Lanka’s Mercantile Shipping Company is selling one of it ships, merchant vessel ‘Safmarine Soyo’, the firm said in a stock exchange filing. The vessels were ordered from Bodewes Ship Yard in the Netherlands by Mercantile Emerald Shipping (Pvt) Ltd, a fully owned subsidiary of Mercantile Shipping Co. The firm […]