Category:
” aviation project
Oct 01, 2007 (LBO) – Sri Lanka is planning to revive an initiative to encourage civil aviation and aerial sports in the island after security restrictions resulting from an internal conflict all but killed the industry. Likewise, he added, hang gliders can fly at a top speed of 30 miles an hour and not higher […]
‘s Hoole, Sritharan win Swiss human rights prize
Burundi cop, Sri Lanka professors win Swiss human rights prize GENEVA, Oct 1, 2007 (AFP) – A policeman from the central African country of Burundi and two university professors from Sri Lanka have been named as the top human rights defenders for 2007 by a Swiss-based rights group. Pierre Claver Mbonimpa, a former policeman turned […]
Maldives arrest foreign nationals over blast
Oct 1, 2007 (AFP) – The Maldives has arrested 10 suspects and is seeking outside help to investigate a bombing that wounded 12 foreign tourists in the first such attack on the holiday paradise, officials said Monday. The country appeared to have been largely spared religious fundamentalism although political tensions have flared periodically since an […]
FBI helping probe Maldives blast: United Sates
Oct 01, 2007 (LBO) – The Federal Bureau of Investigation (FBI) is helping Maldives probe a blast in the capital that injured 12 tourists Saturday, the US embassy in Colombo said Monday. The embassy said it was “shocked and saddened” to learn of the incident. “We condemn without reservation this senseless act of violence,” the […]
‘s inflation 2.1 percent in September
BANGKOK, Oct 1, 2007 (AFP) – Thailand’s inflation rate in September rose to 2.1 percent year-on-year due to a spike in food prices and rising fuel prices, the Commerce Ministry said Monday. Thailand’s economy is expected to grow just over four percent in 2007, ranking among the lowest in Southeast Asia. The September figure was […]
US corners 42 percent of world arms market
WASHINGTON, Oct 1, 2007 (AFP) – The United States reaffirmed last year its leadership in world arms trade, cornering nearly 42 percent of the market as the wars in Iraq and Afghanistan prompted a weapons shopping spree among neighboring nations, according to a congressional report set to be released Monday. But the overall volume of […]
Sri Lanka Union Bank get capital from Arabian prince
Oct 01, 2007 (LBO) – Union Bank has got a 420 million rupee capital infusion from Saudi Arabia that will help it meet new Sri Lankan Central Bank regulations for capital by the end of 2009. Prince Faisal Al Faisal, the grandson of King Faisal of Saudi, placed the investment in the last week of […]
Cricket: Maharoof bowls Sri Lanka to victory
DAMBULLA, Sri Lanka, Oct 1, 2007 (AFP) – Farveez Maharoof grabbed four big wickets as Sri Lanka posted an emphatic 119-run victory over England in the opening one-day international here on Monday. The seamer dismissed Kevin Pietersen, Ian Bell and debutant Phil Mustard in his opening four overs as England were bowled out for 150 […]
Sri Lanka stars join Twenty20 league in India
NEW DELHI, Oct 1, 2007 (AFP) – Ace Sri Lankan spinner Muttiah Muralitharan and skipper Mahela Jayawardene have signed up for the new Twenty20 league in India next year, the cricket board said Monday.The two stalwarts head a list of eight Sri Lankan players who have penned deals with the Board of Control for Cricket […]
Ocean Freight
Sept 30 (LBO) – Sri Lankan shippers say the government should follow the example of other countries in the region like India and China and introduce laws to curb the powers of shipping lines acting like cartels. The Global Shippers’ Forum and Asian Shippers Council at their recent meeting in Singapore called upon Asian governments […]
BPO Game
BANGALORE, India, Sept 30, 2007 (AFP) – India remains the favoured technology outsourcing destination, an industry report said Sunday, amid concerns a rising rupee and soaring wages would blunt the country’s competitive edge. Pure-play outsourcing firms account for about 10 percent of the 50 billion dollars in revenue logged in the year ended March by […]
While France fusses, Germany welcomes a surging euro
LONDON, Sept 30, 2007 (AFP) – The high-flying euro, which last week soared from record to record against the dollar, has sparked sharply contrasting reactions in France and Germany, with Paris complaining and Berlin applauding.The single currency, shared by 11 other European nations besides France and Germany, shot to a new all-time high of 1.4263 […]