Category:
Rainbow View
July 9, 2008 (LBO) – Sri Lanka Telecom, the island’s largest fixed access operator, has established a separate unit for director publishing information-based businesses, officials said. Although a non-core business activity, SLT Publications was formed as a separate entity to gain operational advantages and productivity gains, Leisha de Silva Chandrasena, chairperson of SLT told reporters. […]
‘s Noor Islamic Bank to launch operations in Maldives
July 9, 2008 (LBO) – Dubai’s Noor Islamic Bank has inked a deal to open up an Islamic banking unit in the Indian Ocean Island of Maldives, officials said.Operating under the name Noor Islamic Maldives Private Limited, the Dubai-based bank will hold 33 percent in the new company, Maldives Monetary Authority Governor, Abdulla Jihad said […]
Sri Lanka fighting kills 24: defence ministry
July 9, 2008 (AFP) – At least 22 Tamil Tiger rebels and two government soldiers have died in the latest clashes in northern Sri Lanka, the island’s defence ministry said Wednesday.The fighting, which took place on Tuesday, was centred around the Weli Oya, Vavuniya and Mannar regions, the statement said. The rebel Liberation Tigers of […]
Sri Lanka Ceylinco Insurance share issue applications rise
July 09, 2008 (LBO) – Applications for Sri Lanka’s Ceylinco Insurance non-voting share issue have been steadily increasing, according to registrars to the issue, International Consultancy and Corporate Services.They said in a stock exchange filing that they had received 1,623 applications for almost 2.8 million shares amounting to 485.8 million rupees by the close of […]
”’ quota unconstitutional, court rules
BUCHAREST, July 9, 2008 (AFP) – Romanians have a right to doom and gloom, the country’s constitutional court ruled Wednesday, blocking a government move obliging radio and television stations to broadcast good and bad news in equal proportions.The court ruled that a new law, which stipulated that upbeat news should make up half of all […]
Top climate scientist blasts G8 climate pledge
PARIS, July 8, 2008 (AFP) – One of the world’s most respected climate scientists on Tuesday slammed the G8 summit’s goal of halving global warming emissions by 2050 as “worse than worthless.” Leaders of the world’s richest nations, meeting in Japan, “are taking actions that guarantee that we deliver to our children climate catastrophes that […]
Internet flaw could let hackers take over the Web
SAN FRANCISCO, July 9, 2008 (AFP) – Computer industry heavyweights are hustling to fix a flaw in the foundation of the Internet that would let hackers control traffic on the World Wide Web. Major software and hardware makers worked in secret for months to create a software “patch” released on Tuesday to repair the problem, […]
Sri Lanka army promotion for Mendis after Asia Cup victory
July 9, 2008 (AFP) – Sri Lanka’s new spin sensation Ajantha Mendis has been given a double promotion in the army after his exploits in the Asia Cup final, officials said on Wednesday.Mendis, 23, a gunner, was promoted to 2nd lieutenant by President Mahinda Rajapakse, who is also commander-in-chief of the armed forces. Mendis destroyed […]
Sri Lanka opposition blames army for attacks on media
July 8, 2008 (AFP) – Sri Lanka’s main opposition Tuesday accused the country’s military chief of orchestrating violent attacks on journalists critical of its battle against Tamil separatists. Opposition MP Joseph Michael Perera told parliament that a recent wave of beatings and other violence against journalists was carried out by a “special team” under the […]
Sri Lanka private bus operators ignore strike call
July 9, 2008 (LBO) – Sri Lanka’s privately-run bus operators said they would keep their buses on the road on July 10, ignoring the token strike call of a Marxist-Nationalist former ally of the ruling coalition. The Marxist Janatha Vimukthi Peramuna (JVP) which popularized policies of wholesale government recruitment, indiscriminate subsidies and increased state intervention […]
Sri Lankan share prices sink as security concerns loom
July 08, 2008 (LBO) – Sri Lankan shares sank Tuesday with the indices dragged down by losses in heavyweight stocks as security fears added to investor concerns about deteriorating economic conditions, brokers said.The All Share Price Index lost 1.19 percent (28.67 points) to end at 2,372.50 while the more liquid Milanka was down 1.40 percent […]
Bank Rating
July 08, 2008 (LBO) – Fitch Ratings has confirmed the local long-term rating of Sri Lanka’s Nations Trust Bank at ‘A(lka)’ with a stable outlook.The agency also gave an ‘A-(lka)’ rating to NTB’s proposed unsecured debenture issue of up to 1.5 billion rupees. “NTB’s rating reflects its modest profitability and capitalization,” it said in a […]