Category: Industry
Nail Claim
AMMAN, November 22, 2010 (AFP) – A Sri Lankan maid who said she had swallowed nails did so to pin the blame on her employer in Jordan and be sent home, recruitment agency officials said in the Jordan Times newspaper on Monday. “We have asserted that the helper™s accusations were false and she had confessed […]
Open Exchange
Nov 23, 2010 (LBO) – Sri Lanka has allowed residents to buy stocks abroad and foreign investors have been allowed to buy into local corporate debt and insurers have been given permission to invest up to 20 percent of their reserves abroad. The exchange control relaxations are in effect from November 22, the government said […]
Sri Lanka to raise electricity rates in January
Nov 22, 2010 (LBO) – Sri Lanka will raise electricity tariffs by eight percent on general users who consume over 90 units a month in January 2011, President Mahinda Rajapaksa told parliament. The present tariff rate will continue for small businesses, he said during the 2011 budget speech. The government will reduce the tariff by […]
China cricket on five-year learning curve, says coach
GUANGZHOU, November 21, 2010 (AFP) – China coach and former Pakistan international Rashid Khan believes his team will be a powerful force within five years despite a crushing Asian Games defeat to Malaysia on Sunday. In the first ever men’s match played in Chinese soil, Malaysia were too strong for the host nation, racking up […]
Piracy Attempt
TOKYO, November 21, 2010 (AFP) – A small, unidentified ship opened fire on a container vessel run by a Japanese logistics firm, in an apparent piracy attack in the Indian Ocean, a report said late Saturday. None of container ship’s 24 crew members, all non-Japanese, was injured in the incident Saturday, Kyodo News reported, quoting […]
Paranavitana, Jayawardene help Sri Lanka draw Test
GALLE, November 19, 2010 (AFP) – Tharanga Paranavitana hit an impressive 95 and Mahela Jayawardene a solid 58 to help Sri Lanka draw the opening Test against the West Indies on Friday. Sri Lanka, following on 202 runs behind, reached 241-4 in their second innings when play was called off due to rain after tea […]
Fed Hack
NEW YORK, November 18, 2010 (AFP) – A sophisticated Malaysian cyber bandit hacked into the US Federal Reserve’s computers and also stole nearly half a million credit and debit card numbers, US prosecutors in New York said. Brian Parr, the head of the Secret Service’s New York office, said cyber crimes “not only affect our […]
Accounting Link
Nov 18, 2010 (LBO) – Members of the Institute of Chartered Accountants of Sri Lanka will be able to get the qualifications of its sister body in the UK following a deal signed this month, an official said. “Following the signing of a memorandum of understanding with Institute of England and Wales you will not […]
Southern Port
Nov 18, 2010 (LBO) – Sri Lanka’s new Chinese built port in the Southern city of Hambantota was formally commissioned by President Mahinda Rajapaksa Thursday with the symbolic entry of a converted troopship. Rajapksa said in the second century, under then King Gajaba, there had been a port in the area called Godpabbatha which had […]
Sri Lanka test fires coal plant furnace
Nov 17, 2010 (LBO) – Sri Lanka has successfully test fired a furnace of a 300 Mega Watt Chinese-built coal plant using liquid fuel Wednesday, in the island’s Western coastal area of Norochcholai. The first 300 MW stage is part of a 900MW coal fired complex. A ship carrying a 40,000 tonnes of coal from […]
Sri Lanka carbon emissions up, but power costs down with coal plant
Nov 17, 2010 (LBO) – Sri Lanka’s first coal plant will push the island’s carbon emissions by 46 kilograms per person next year, but electricity generation costs will come down sharply, power minister Champika Ranawaka said. The coal plant will increase per capital carbon emissions by 46 kilograms to 700 kilograms a year,” Ranawaka said […]
Better Potential
Nov 17, 2010 (LBO) – Sri Lanka’s importance as a shipping hub in South Asia has increased after the end of a long drawn out war, an international logistic group that has offices in the Middle East, Asia and Pacific said. “Sri Lanka with its strategic location provides a gateway to the Maldives where we […]