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Sri Lanka bus blast death toll goes up to 5
April 24, 2007 (AFP) – Suspected Tamil Tiger rebels set off a bomb in northern Sri Lanka, killing five bus passengers and wounding another 33, defence officials said Tuesday.The Liberation Tigers of Tamil Eelam (LTTE) set off the blast in the district of Vavuniya, 250 kilometres (150 miles) north of Colombo just before midnight on […]
Sri Lanka Tamil Tigers claim new air attack
April 24, 2007 (AFP) – Tamil Tiger rebels said they carried out their second-ever air attack on Sri Lankan government troops on Tuesday, a claim that was immediately denied by the military. The government on Monday asked peace broker Norway to put off a visit to rebel-held territory by their ambassador, citing security considerations. Two […]
Port Consolidation
April 24, 2007 (LBO) – Maersk, the world’s largest container shipping line, is to buy a bigger stake in South Asia Gateway Terminals (SAGT), Colombo Port’s privatized transshipment facility, in a deal that sees Dubai Ports World selling out. Other shareholders of SAGT are Evergeen, SLPA, and multilateral lenders. Maersk is currently Colombo’s biggest customer […]
Sri Lanka top trade chamber to brainstorm double digit growth in June
April 24, 2007 (LBO) – Sri Lanka’s top trade chamber is kicking off an economic an investment forum in June, to boost growth to double digits and build consensus and partnership among the public and private sector, officials said. The Ceylon Chamber of Commerce is hosting the three-day ‘Sri Lanka Economic Summit’ starting June 08, […]
Canada says Sri Lanka needs more tsunami recovery help at grassroots level
April 24, 2007 (LBO) – More post-tsunami recovery work is needed in Sri Lanka especially in the north and east of the island, at a community level, a donor agency has said. The Canadian International Development Agency (CIDA) has been working with local community based organizations and non-governmental organizations, through a 300 million rupee fund. […]
Changing Heads
April 23, 2007 (LBO) – Lanka Orix Leasing Company, a listed leasing company, had hired Citibanker Kapila Jayawardena as Group Chief Executive Officer, the company told the Colombo Stock Exchange Monday. He would also be Managing Director/CEO of Lanka Orix Leasing Company. “Well I have been working mainly in the corporate banking arena. This gives […]
Secret Confiscation
April 23, 2007 (LBO) – The losses caused to a pension fund of two million Sri Lankan workers by the authorities through the use of a barely understood monetary technique reached a peak in 2006, according to the latest official data. “You know richer people, who can get the help of good accountants, good advisors […]
Cracker Deal
April 23, 2007 (LBO) – Listed-firm Hemas Holdings which is strong in marketing fast moving consumer goods and Maliban, a biscuit maker, said Monday they are exploring a strategic alliance. “The possible future alliance is being discussed with a view to further enhancing the Maliban brand equity and boosting the distribution of Maliban products, both […]
Quick Copies
April 23, 2007 (LBO) – A Sri Lankan government secretariat has drastically cut delays from days to minutes in issuing important documents like birth, marriage and death (BMD) certificates by scanning and storing digitized versions. The Thimbirigasyaya Divisional Secretariat in Colombo Monday commenced issuing printed copies of vital documents in place of lost and worn […]
Mobile Channel
April 23, 2007 (LBO) – E-chanelling.com, Sri Lanka’s only listed dot com which operates a service where doctors could be channeled online, says its service is now available through the mobile operator Mobitel. Mobitel said the service would be available for both pre-paid and post paid customers, by dialing 225. “I believe that this new […]
Indian outsourcing sector sets up watchdog to stamp out data theft
NEW DELHI, April 23, 2007 (AFP) – India’s booming services and software industry Monday announced that an independent watchdog has been setup to create a “global safe-deposit vault” to halt data theft such as credit card details. Shyamal Ghosh, a former Indian bureaucrat, was named chairman of the Self Regulatory Organisation and said the watchdog […]
‘s founding leader dismisses gripes over pay hike
SINGAPORE, April 23, 2007 (AFP) – The debate over the million-dollar paychecks of Singapore’s cabinet ministers is “rubbish” because the city-state needs to attract extraordinary people to run it, founding leader Lee Kuan Yew said in remarks published Monday.“The biggest mistake any Singaporean can make is to believe that Singapore is an ordinary country and […]