Category:
Insurance Reload
May 29, 2007 (LBO) – Ceylinco Insurance is tapping into Sri Lanka largest mobile subscriber base with a pre-paid card insurance scheme with Dialog Telekom, officials said. Sri Lanka’s insurance penetration remains poor at three percent for an island of 20 million people. The accident insurance cover package premiums are priced between five and 20 […]
‘s former food and drug regulator sentenced to death
BEIJING, May 29, 2007 (AFP) – A Beijing court sentenced the former head of China’s food and drug administration to death Tuesday on corruption charges, state media reported.Zheng Xiaoyu, the former director of China’s State Food and Drug Administration, was convicted for taking bribes and dereliction of duty, the Xinhua news agency said.The sentence was […]
Sri Lanka aid donors get security guarantees for workers
May 29, 2007 (AFP) – Key Sri Lankan aid donors Tuesday announced the government had offered security guarantees for their workers who have been accused by state media and ministers of supporting Tamil Tiger rebels.The 10-point “guiding principles” for security followed talks with the government after the killing of 17 workers from a French aid […]
Sri Lankan capital on alert after bomb kills seven civillians
May 29, 2007 (AFP) – Security forces and police stepped up security in the Sri Lankan capital on Tuesday after suspected Tamil Tiger rebels set off a roadside bomb killing seven civilians, officials said. All vehicles entering Colombo were subjected to individual searches by heavily armed troops and police, a police spokesman said. The move, […]
Deal Flow
May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other countries, says it is looking for new projects. “This is excellent news for emerging markets. Greater access to reliable energy continues to be a high priority for […]
Some 30,000 Sri Lankans return home in east: UNHCR
GENEVA, May 29, 2007 (AFP) – Some 30,000 Sri Lankans who had fled fighting in the east of the country have returned to their homes over the past two weeks under a government resettlement plan, the UN refugee agency said Tuesday.The office of the UN High Commissioner for Refugees, which is monitoring the process, said […]
Venezuela TV station seizure sends chilling message of totalitarian rule
CARACAS, May 28, 2007 (AFP) – Despite protests by democracy activists, Venezuela’s oldest television network went off the air at midnight Sunday, victim of a fresh push by President Hugo Chavez to tighten his grip over the nation’s media. RCTV screens went black after the station broadcast previously-recorded images of its teary-eyed employees singing the […]
Whatmore in dark over India future
DHAKA, May 28, 2007 (AFP) – Bangladesh’s outgoing coach Dav Whatmore on Monday denied as “mere speculation” reports he had been offered a job with India, saying nothing had been finalised yet.Indian media had reported for the past week that Whatmore, 53, had been offered a one-year contract by the Board of Control for Cricket […]
Jayasuriya delighted to lead MCC against West Indies
May 28, 2007 (AFP) – Sri Lanka’s former skipper Sanath Jayasuriya said Monday he is delighted to captain the MCC against the touring West Indians.The three-day match which starts on Friday in Durham, northern England, includes Mali Richards, son of West Indian legend Sir Viv Richards, and Irish captain William Porterfield. “I am honoured to […]
Sri Lanka keeps De Mel chief selector despite board
May 28, 2007 (AFP) – Sri Lanka’s sports minister on Monday extended Asantha de Mel’s term as chairman of cricket selectors despite a call from the governing board of the sport for his dismissal.“I have appointed the same committee for another two months with Asantha as the chief selector,” Gamini Lokuge told AFP. De Mel, […]
Roadside bomb kills seven near Sri Lanka military base
May 28, 2007 (AFP) – Suspected Tamil Tiger rebels set off a roadside blast near an air force base just outside Sri Lanka’s capital Monday, killing at least seven people and wounding 39, police and doctors said.More than 5,000 people have been killed in a new wave of fighting since December 2005 despite a truce […]
Power Foothold
May 28, 2007 (LBO) – The Malaysian firm Tanjong, controlled by billionaire Ananda Krishnan, has taken a foothold in Sri Lanka’s power sector by acquiring an international energy firm with investments in the country, the company said Monday. In a filing at the Kuala Lampur stock exchange Tanjong said it had taken over Globeleq, a […]