Category:
Seamless Solutions
September 26, 2006 (LBO) – Cisco Systems, the world’s leading supplier of network equipment and solutions, hopes to double its sales in Sri Lanka as local banks and telcos keep pace with IT trends. Having earlier serviced Sri Lanka as an extension of its Indian operation, Cisco now has a fully fledged office here, after […]
Wide Choice
Sept 26, 2006 (LBO) – Japanese telco NEC Tuesday inked a deal with Sri Lanka’s Steuartel (Pvt) Ltd to sell its cellular handsets in the local market. “We hope to cater to the medium and the high end market with phone units made in Japan. Phones at entry level will be priced at 11,900 rupees […]
Mine blast kills airman in Sri Lanka
Sept 26, 2006 (AFP) – An airman was killed and another wounded in northern Sri Lanka on Tuesday when a mine blew up as they underwent routine physical training exercises, the defence ministry said. More than 60,000 people have died since the rebellion began in 1972. The Claymore mine exploded in the district of Vavuniya, […]
Pending News
September 26, 2006 (LBO) – Lanka IOCs share prices perked up Tuesday after the Indian fuel retailer announced plans to ink a deal next week, which settles billions of rupees due from the Sri Lankan government. “Our ‘settlement agreement’ with the government of Sri Lanka on resolving the long pending subsidy issue is planned to […]
Creative Fusion
Sept 25 (LBO) – Sri Lankan song writers and other artistes are hoping a new licensing and royalty scheme being drawn up will help protect their creative work and prop up earnings. Local artistes have banded together to form ˜collective societies™, on the lines of similar groups in the United Kingdom, to represent the rights […]
Trade Discounts
Sept 25 (LBO) – Sri Lanka has slashed tariffs by up to 70 percent on top imports like cement imported duty free from India, under a trade deal with the neighbouring country. Sri Lanka™s bilateral trade deal with India allows for a phasing out of tariffs over an eight year period, for goods that are […]
Sri Lankan sprinter denies dope charge
COLOMBO, Sept 25, 2006 (AFP) – A Sri Lankan woman sprinter denied Monday taking performance enhancing drugs during the South Asian Games in Colombo last month, investigators said. If proved guilty, Silva would lose both her 4×100 metres relay gold medal and the 100metres silver. Sri Lankan officials had earlier said that athletes from Pakistan, […]
Tigers deny forcing Muslims out of Sri Lanka town
COLOMBO, Sept 25, 2006 (AFP) – Sri Lanka’s Tamil Tiger rebels Monday denied forcing minority Muslims to quit a coastal town where 17 aid workers of a French charity were massacred last month. The rebel Liberation Tigers of Tamil Eelam (LTTE) said they were not responsible for distributing leaflets among thousands of Muslims in the […]
Sri Lanka troops, Tigers fight heavy sea battle
COLOMBO, Sept 25, 2006 (AFP) – Sri Lanka’s navy and Tamil Tiger rebels fought a fierce sea battle on Monday, with both sides giving conflicting casualty figures ranging from three to 70 killed. A navy vessel detected several boats of the Liberation Tigers of Tamil Eelam (LTTE) off the coast of Mullaitivu sparking a battle […]
Oil Slump
SINGAPORE, Sept 25, 2006 (AFP) – Oil prices fell back below 60 dollars in Asian trade Monday to their lowest level in six months, before regaining some ground, partly on easing concerns over Iran’s nuclear program, dealers said. At 2:40 pm (0640 GMT) New York’s main contract, light sweet crude for November delivery, was down […]
Safe Funds
LONDON, Sept 24, 2006 (AFP) – Islamic finance is soaring around the world owing to an influx of petro-dollars from the Middle East and growing demand by investors, both Muslim and non-Muslim, according to analysts. The Islamic finance sector, compatible with Sharia law based on the Koran, is now worth between 300 and 500 billion […]
Fighting picks up in Eastern Sri Lanka despite peace efforts
Sept 24 (AFP) – Tamil rebels and Sri Lankan troops waged artillery duels Sunday in the embattled east, the military said, in continued fighting despite a push by Norway to restore a ceasefire ahead of talks. The rebel Liberation Tigers of Tamil Eelam (LTTE) fired artillery and mortar bombs at the Kiran and Vavunathivu army […]