Category: Industry
No Cash
Nov 07 (LBO) – Sri Lanka is to ask Reliance Industries of India and Petronas of Malaysia for extended credit on fuel purchases, to ease recent pressure on the exchange rate. Meanwhile, the government is also considering offering targeted subsidies for kerosene to Samurdhi beneficiaries, while allowing Ceypetco to sell at market rates, an official […]
‘s captain for World Cup
Nov 6, 2006 (AFP) – Mahela Jayawardene will lead Sri Lanka at the World Cup in the Caribbean next March, chairman of selectors Asantha de Mel told AFP on Monday.“Mahela has done a decent job since taking over from Marvan Atapattu and he will continue till the World Cup,” De Mel said. “We’ve been working […]
Ocean Link
November 6, 2006 (LBO) – An undersea optical fibre cable between Sri Lanka and the Maldive Islands could be the first leg of a trans-Indian Ocean cable system that would link Africa with the Far East, officials said. The cable laying ship is expected to reach Maldives on the 12th and the cable terminated in […]
Southern Link
November 6, 2006 (LBO) – Asiri Hospitals Ltd, currently at the centre of a takeover battle, announced plans on Monday to invest and develop a hospital in Matara. “The Company has entered into an agreement with Central Dispensary & Nursing Home Ltd, Matara to lease the premise for a period of 20-years,” Asiri Hospital’s Company […]
Private Property
Nov 06, 2006 (LBO) – Sri Lanka Monday announced measures to charge a royalty fee on the commercial use of local artists™ creations and penalties for violators, in a bid to tighten the misuse of copyright laws. Mooted by the national Intellectual Property Office or NIPO and the Collective Societies of Sri Lanka, the law […]
Flying High
November 6, 2006 (LBO) – Dubai’s Emirate Airlines Monday reported a steady profit growth as the carrier flew more passengers and carried more cargo to offset historically high fuel prices. For the six months ended Sept 30, net profit was up 29 percent to 323 million dollars over the same period last year. Emirates’ operating […]
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 […]
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 […]
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 […]
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 […]
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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 […]
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 […]