Category:
Strong Showing
April 25, 2008 (LBO) – NDB Bank says it has done well with a low cost to income ratio, and having the lowest non-performing loans among local banks while being profitable and having a strong balance sheet. “The bank’s low cost income ratio among local banks also reflects its stability while the growth in its […]
Copy Cats
April 25, 2008 (LBO) – Vendors selling fake ink cartridges in Sri Lanka under the Toshiba trademark are being hunted and prosecuted, regional Toshiba officials said in Colombo. The technology firm will prosecute vendors importing and selling counterfeit Toshiba products under the Intellectual Property Laws in Sri Lanka, Jeevantha Jayatilake, legal representative for Toshiba in […]
Sri Lanka bus blast: harrowing experience
April 25, 2008 (LBO) – The driver of a bus caught in a deadly explosion that left at least 23 dead said the bomb went off towards centre or back of the bus, just as he was pulling out of the the station. Driver K D Ananda Ratnasiri of the Kesbewa bus depot, who escaped […]
Sri Lanka blast kills eight and injures dozens
April 25, 2008 (LBO) – A blast near a crowded bus station South of Sri Lanka’s capital Colombo has left at least eight dead and more than a 30 injured, police and eyewitnesses said. The explosion went off in the suburb of Piliyandala during the evening rush hour at around 6.45 pm, the defence ministry […]
Blast in Sri Lanka suburb
April 25, 2008 (LBO) – An explosion at a bus in the the southern Colombo suburb of Piliyandala has left at least one person dead and 15 injured, police and eyewitnesses said. Police spokesman N K Illangakoon said the explosion occurred in Piliyandala, while witnesses reported the injured being rushed to a nearby hospital. An […]
Sri Lanka clamps down on war reports after battle losses
April 25, 2008 (AFP) – Sri Lankan authorities have extended “unofficial” censorship to hospitals and funeral parlours as losses mount after a major battle against Tamil rebels, a media rights group said Friday.The Free Media Movement (FMM) said the authorities had prevented photographers taking pictures of military casualties brought to hospitals following heavy fighting in […]
Sri Lanka army ousts Tamil Tigers from Catholic shrine area
April 25, 2008 (LBO) – Sri Lanka’s army has taken control of the area around a church revered by Catholics in the northwest after a long drawn out campaign to drive out the Tamil Tigers, the military said Friday. Troops were now digging in to secure their positions in the Madhu church area, in the […]
Sri Lankan Airlines Indian flights grounded as pilots go sick
April 25, 2008 (LBO) – Sri Lankan Airlines has canceled several flights to the Indian subcontinent as more than a dozen pilots reported sick, officials said. Sri Lankan airline spokespersons were not available for comment, but the airline had individually informed passengers of flights that had been canceled. The affected destinations are said to include […]
Sri Lanka plant blazes green trail for Marks & Spencer
April 25, 2008 (LBO) – UK retailer, Marks & Spencer says a newly re-built eco-friendly apparel factory in Sri Lanka is part of a plan that will see all operations being ‘greened’ by 2012, in response to growing environmental consciousness in its markets. M&S, commissioned a completely re-built ‘green’ casual wear manufacturing plant run by […]
Swiss central banker urges pay reform after subprime losses
GENEVA, April 25, 2008 (AFP) – Banks should reform their pay structure in the wake of the subprime crisis to avoid encouraging traders to take reckless risks, a top Swiss central banker said on Friday.Jean-Pierre Roth, chairman of the Swiss National Bank’s governing board, said a rethink of corporate governance and strengthening of rules was […]
Rate hike expected with inflation at 7.3-pct in India
NEW DELHI, April 25, 2008 (AFP) – India’s inflation jumped again to a more than three-year high, according to data on Friday, days ahead of a key meeting of central bankers who are expected to tighten monetary policy further.Annual inflation accelerated nearly two-tenths of a percentage point to 7.33 percent for the week ended April […]
Travellers to be screened by facial technology at British airports
LONDON, April 25, 2008 (AFP) – European air travellers to Britain will be screened with automatic facial recognition technology from this summer in a bid to tighten security and ease congestion, the government said Friday. Citizens of Britain and all European Economic Area countries will pass through unmanned clearance gates which will scan passengers’ faces […]