Category:
Delayed Action
June 29, 2007 (LBO) – Arpico Finance Company Limited has asked for more time to meet the new regulatory capital requirements of the Central Bank, the credit rating agency, Lanka Rating Agency (LRA) said. It said in a statement that it had reaffirmed Arpico Finance’s long- and short-term ratings at BB2 (with a stable outlook) […]
Fashion Tips
July 29, 2007 (LBO) – Popular actress Sangeetha Weeraratne and hairstylist and choreographer Lou Ching Wong are teaming up to give a leg up to wannabe’s waiting to step onto the catwalk. Wong says the school hopes to affiliate with Singaporean grooming schools next year to provide internationally recognized certification that will help students pursue […]
Former Bangladesh PM challenges extortion charges
DHAKA, July 29, 2007 (AFP) – Former Bangladesh prime minister Sheikh Hasina Wajed on Sunday challenged extortion charges brought by the military-backed emergency government, her lawyer said, calling the case against her a sham. Sheikh Hasina, leader of the opposition Awami League party who served as premier from 1996 to 2001, was last week charged […]
English cricket official in Sri Lanka for security assessment
July 29, 2007 (AFP) – A top English cricket official has arrived in Sri Lanka to assess the security of potential venues before a planned tour in the war-torn nation in October.John Carr, from the England and Wales Cricket Board, arrived on Friday to visit all the venues for the matches on a truncated tour. […]
Sri Lanka navy says six Tigers killed in sea skirmish
July 28, 2007 (AFP) – The Sri Lankan naval said Saturday it had destroyed at least two suspected Tamil Tiger boats off the island’s northwestern coast, killing at least six rebels.Naval patrol craft intercepted the boats, believed to belong to the Liberation Tigers of Tamil Eelam (LTTE), off the coast of Mannar, navy officials said. […]
Sri Lanka trade unions redundant as privatization ends political victimization: study
June 29, 2007 (LBO) – Less political victimization and better benefits have seen workers of privatized Sri Lankan companies opting out of trade unions, a recent survey showed. Meanwhile, the government has said it will close Sri Lanka’s privatization arm, the Public Enterprise Reform Commission, as the sale of state assets was no longer a […]
Sri Lanka set for record growth despite conflict
July 29, 2007 (AFP) – The recent escalation in fighting in Sri Lanka has not derailed the nation’s economy, with the island on track to record its fastest growth in nearly three decades, according to the central bank. Conflict between government troops and Tamil rebels has claimed more than 5,200 lives since late 2005, with […]
Deposit Drive
July 28, 2007 (LBO) – People’s Bank is on an aggressive drive to raise deposits this year, with an enhanced target of 30 billion rupees, a top official said. With the re-launch of the bank’s ˜Jayasiri’ low cost mobilisation scheme, People’s Bank is geared to reach the higher target and promote the saving habit in […]
Sri Lanka™s Bogawantalawa Tea Estates loses money but enters export marketing
July 26, 2007 (LBO) – Bogawantalawa Tea Estates Ltd. has reported loss last year but its marketing subsidiary, about whose viability auditors have raised doubts, has made a breakthrough in overseas markets with contracts to pack teas for private labels. Bogawantalawa Tea Estates reported a group net loss of 121.6 million rupees for the year […]
Flu Scare
July 28, 2007 (AFP) – Sri Lanka on Saturday banned imports of live birds and chickens from India following an outbreak of bird flu in the neighbouring country, an official said. “Sri Lanka has banned imports with immediate effect, after we received reports of an outbreak of bird flu in Manipur, India,” said D.D. Wanasinghe, […]
No Papers
RIYADH, July 28, 2007 (AFP) – A Sri Lankan minister on Saturday wrapped up a mission to Saudi Arabia aimed at securing clemency for a teenage maid condemned to death, saying he was confident the visit would “bear fruit.” They are a key source of foreign currency for Sri Lanka. A total of 110 people […]
Open Plan
July 28, 2007 (LBO) – An anti-graft action plan developed with the involvement of civil society and state agencies was presented to representatives of Sri Lanka’s judiciary, government and parliament at conference in Colombo Saturday. The National Anti-Corruption Action Plan prepared with funding from the United States Agency for International Development, proposes actions to be […]