Category:
‘s rebel league
NEW DELHI, Nov 14, 2007 (AFP) – Former Test captains Brian Lara and Inzamam-ul Haq were on Wednesday confirmed to play in India’s rebel Twenty20 league following a goof-up over players’ lists.The names of Lara and Inzamam, touted as star attractions of the Indian Cricket League (ICL), were missing when the six teams for the […]
Impractical to peg Hong Kong dollar to yuan: monetary authority
WASHINGTON, Nov 14, 2007 (AFP) – Hong Kong’s de facto central bank on Wednesday dismissed suggestions that the Hong Kong dollar, which is at present pegged to the US dollar, be repegged to the Chinese yuan currency. It is impractical and does not make economic sense, Eddie Yue, the deputy chief executive of the Hong […]
Sri Lanka political crossovers shake government ahead of budget vote
Nov 15, 2007 (LBO) – A Sri Lankan junior cabinet minister Thursday lashed out at an opposition party lawmaker who joined the government, revealing more cracks in the ruling coalition ahead of a crucial budget vote next week. Minister of Justice Dilan Perera, a so-called ‘non-cabinet’ minister in President Mahinda Rajapakse’s jumbo cabinet said he […]
Sri Lanka opposition lawmaker joins government
Nov 15, 2007 (LBO) – A Sri Lankan opposition party lawmaker Thursday joined the government, a day after a ruling party parliamentarian defected to the opposition. Mahinda Ratnathilake, a member of parliament for the Ratnapura district in the main opposition United National Party (UNP) crossed over to the government soon after meeting President Mahinda Rajapakse […]
‘s Horana named best town for business
Nov 15, 2007 (LBO) – A town south-east of the Sri Lankan capital Colombo has emerged as the surprising choice of companies as the best place to do business. A study conducted by the international organization Asia Foundation in Sri Lanka on private sector business development and economic growth, found that Horana, 60 km from […]
Fresh Start
Nov 14, 2007 (LBO) – One of the youngest stockbrokering firms in Sri Lanka, which started as a unit of the First Capital Group is now operating as an independent entity as a with the group selling out its stake. First Capital Equities is formally changing its name to First Guardian Equities from today, the […]
Bank Number
Nov 14, 2007 (LBO) – Sri Lanka’s National Development Bank (NDB) net profit for the September rose 45 percent to 298 million rupees, with a deferred taxation adjustment helping counter higher provisions for bad loans. Total group income for the quarter increased to 2.6 billion rupees from 1.7 billion rupees, according to interim results filed […]
Sri Lanka wildlife park no go zone for Britons
Nov 14, 2007 (LBO) – Britain has advised its citizens not to travel to the popular Yala wildlife park in southern Sri Lanka after a spate of killings and explosions suspected to have been carried out by Tamil Tiger guerrillas. “We advise against all travel to Yala National Park,” a travel advisory issued by Britain’s […]
Sad Situation
DUBAI, Nov 14, 2007 (AFP) – The governments of Gulf countries including Kuwait, the United Arab Emirates and Saudi Arabia, as well as Lebanon, are failing to curb abuses against Sri Lankan domestic workers, Human Rights Watch charged Wednesday. “While much remains to be accomplished, the UAE government — working with the private sector and […]
Sri Lanka apparel makers design a way up the value chain
Nov 14, 2007 (LBO) – Sri Lanka’s apparel makers are making inroads into design, collaborating closely with international brands to becoming an integral link in the supply chain of a fashionably evolving global industry. Sri Lanka’s top apparel makers stepped into the design stage of garments about five years ago, but are now getting deeper […]
Emirates airline boosts Mideast market leader status
DUBAI, Nov 13, 2007 (AFP) – Dubai-owned Emirates airline, already the largest carrier in the Middle East, has reinforced its position as regional market leader with multi-billion-dollar orders at the Dubai air show. Emirates’ buying spree is in step with the ambitious plans of the city-state to establish itself as a regional hub for travel, […]
‘s globe sells for 100,000 dollars
SAN FRANCISCO, Nov 13, 2007 (AFP) – A globe kept by Adolf Hitler in his Eagle’s Nest compound and retrieved from the rubble after the end of World War II sold Tuesday for 100,000 dollars to an art collector and entrepreneur. The globe sat for 62 years in John Barsamian’s dusty attic in Oakland but […]