Category:
Main opposition in Sri Lanka blows hot and cold over upcoming budget
November 05, 2006 (LBO) – Sri Lanka’s opposition United National Party which has pledged to support the ruling party in the budget vote says, it will criticize harmful features of the budget, because economic policy is not included in a recent co-operation deal signed between the two parties. “We were not consulted on the upcoming […]
Chatterboxes
DHAKA, Nov 5, 2006 (AFP) – The number of subscribers to Bangladesh’s top mobile phone company exceeded 10 million Sunday as low call rates and cheaper phones led to a surge in customers, GrameenPhone said Sunday.GrameenPhone, a unit of Norwegian telecom company Telenor, said it added 4.5 million subscribers since January, making it the fastest-growing […]
Beating Odds
NEW DELHI, Nov 5, 2006 (AFP) – Seven Indian cities have emerged as the most favored outsourcing destinations globally, beating out rivals such as Manila, Shanghai and Moscow, according to a report by a US-based consultancy.And India looks set to remain the outsourcing leader in the long term, according to the consultancy neoIT, which advises […]
Former Sri Lanka skipper Ranatunga hails Hair exit
COLOMBO, Nov 5 (AFP) – Sri Lankan cricket legend Arjuna Ranatunga Sunday welcomed the International Cricket Council’s decision to remove Australian umpire Darrell Hair from its elite panel.“This should have happened long ago, but I am happy with the way the ICC handled the Pakistani complaint,” said Ranatunga, who led his team to an epic […]
Upsurge in violence expected after Sri Lanka talks fail
COLOMBO, Nov 5 (AFP) – Sri Lanka’s military and Tamil Tiger rebels are again accusing each other of gearing up for war after peace talks collapsed in Switzerland, with analysts saying an upsurge in violence is inevitable.The government and the rebel Liberation Tigers of Tamil Eelam (LTTE) failed a week ago to buy time for […]
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MUMBAI, India, Nov 4 (AFP) – The International Cricket Council confirmed on Saturday it had removed controversial Australian umpire Darrell Hair from the elite world panel following a ball-tampering row with Pakistan.Hair, a veteran of 76 Tests, first stood in first-class cricket in 1988-1989, having previously been a fast bowler for North Sydney and Mosman […]
Tiger mine kills two sailors in Sri Lanka
COLOMBO, Nov 4 (AFP) – A powerful Claymore mine exploded in northeastern Sri Lanka Saturday, killing two sailors, military officials said.The rebel Liberation Tigers of Tamil Eelam (LTTE) set off the surface mounted mine at Nilaveli, a former popular tourist spot, as sailors were on a foot patrol, a local official said. “One died on […]
Fiscal Fiasco
November 14, 2006 (LBO) – The massive fiscal cost and the subsequent body blow delivered to the economy of Sri Lanka by indiscriminate fuel subsidies from early 2004 had received the attention of international economic researchers. A study by researchers at the International Monetary Fund has found that 74.9 percent of the money spent on […]
Sri Lanka rupee gains on dollar inflows; cash markets awash
November 03, 2006 (LBO) – The rupee gained against the dollar to hit an intra-day high of 106.40 Friday, to settle around 106.70 levels, while cash markets also turned liquid on offical capital flows, dealers said. The rupee closed at 107.20 against the dollar Thursday while cash markets turned liquid from rupees generated through an […]
Promised Land
Nov 03 (LBO) – An Indo-Lanka economic partnership agreement to free up services like banking and insurance, professional services and aviation, has been delayed to early next year. India and Sri Lanka have had about seven rounds of technical level talks on a Comprehensive Economic Partnership Agreement (CEPA), since 2003. The agreement hopes to deepen […]
Quiet Settlement
Nov 03 (LBO) – Sri Lanka’s securities watchdog settled a case against Mr. Sajee Lakshman Perera, relating to share trading of Ceylon Grain Elevators (CGE). The accused was charged with creating a false or misleading impression relating to the market and price of CGE shares and misleading the SEC in its investigations, the Securities and […]
Intellipedia
WASHINGTON, Nov 3, 2006 (AFP) – US officials say they have created their own version of the Wikipedia online encyclopedia for intelligence agents, in a bid to encourage US spy agencies to share information and transcend bureaucratic rivalries.Launched in April, Intellipedia allows analysts and officials from a range of agencies to add and edit content […]