Category: Industry
‘s World Cup, says ICC boss
MOHALI, December 21, 2008 (AFP) – The tense stand-off between India and Pakistan following the Mumbai attacks will not affect the 2011 World Cup in the region, cricket’s world chief said on Sunday. “I am sure that the subcontinent will stage the World Cup,” International Cricket Council (ICC) president David Morgan told reporters on the […]
Comms Down
PARIS, December 19, 2008 (AFP) – Internet and telephone communications between Europe, the Middle East and Asia were severely disrupted Friday after three undersea cables were damaged in the Mediterranean, France Telecom said.“The causes of the cut, which is located in the Mediterranean between Sicily and Tunisia, on sections linking Sicily to Egypt, remain unclear,” […]
Comm Link
PARIS, December 20, 2008 (AFP) – A French ship on Saturday took experts to repair broken undersea Mediterranean cables that caused severe disruption to telephone and Internet services across the Middle East and Asia, France Telecom said. But many operators said communications services had improved as alternative routes had been used to carry calls and […]
Price Cut
Dec 19, 2008 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, is cutting the retail price of petrol to 100 rupees a litre on an order by Sri Lanka’s Supreme Court, an official said Friday. The court order came following a public interest petition which said the government was charging 72 rupees of […]
Sri Lanka to tour Pakistan after India pulls out
KARACHI, December 19, 2008 (AFP) – Sri Lanka have confirmed they will tour Pakistan next month in place of India, who cancelled their five-week series over the Mumbai attacks, a Pakistani cricket official said Friday.“We are thankful to Sri Lankan Cricket for confirming a tour in place of India,” Pakistan Cricket Board (PCB) chief operating […]
Migrant Risks
Dec 19, 2008 (LBO) – Sri Lanka’s foreign ministry has warned housemaids seeking employment in Singapore to be wary of abuse and to use official channels when securing employment.It said in a statement its mission in Singapore has got several complaints from Sri Lankan housemaids employed in Singapore relating mainly to the payment of wages […]
State Conduit
Dec 19, 2008 (LBO) – The multi-billion rupee advertising business of the Sri Lanka government and semi-government institutions would channeled through a singe state-run entity in the future, a senior minister said. At present the government intuitions deal with various private agencies who buy time and space in electronic and print media. Information minister Anura […]
Stand Off
Dec 19, 2008 (LBO) – Sri Lanka’s cabinet of ministers had not revised oil prices after meeting for a second time, with a court decision to cut prices still to be officially conveyed, an official said. The cabinet is expected to meet again on the issue, he said. Sri Lanka’s Supreme Court directed the government […]
Bangla Buy
Dec 18, 2008 (LBO) – Sri Lanka’s listed NDB Bank is taking control of Capital Markets Services Ltd, a licensed merchant bank in Bangladesh, the bank said. The investment was subject to unspecified conditions, NDB said. The bank had received approval from Sri Lanka’s central bank and finance ministry. NDB said in a stock exchange […]
Sri Lanka apparel exporters win time in GSP deal
Dec 17, 2008 (LBO) – Sri Lankan apparel exporters say a temporary extension of a scheme giving duty free access to European markets provides time to recover lost orders, cut costs and ensure compliance with its eligibility criteria. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Sri […]
Oil Commission
Dec 16, 2008 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) was instructed to consider a bigger commission to its dealers, by the island’s Supreme Court, as part of directions issued on a new pricing formula.CPC’s newly appointed chairman, Asoka Thoradeniya was instructed to discuss the issue with Laugfs, a distributor that went to […]
Emirates includes Sri Lankan firms in frequent flyer program
Dec 16, 2008 (LBO) – A frequent flyer program targeted at small and medium enterprises by Emirates, launched in the UAE in May 2008, has now been made available to Sri Lankan firms, the airline said. The ‘Business Rewards’ scheme allows a firm to earn flying miles whenever a registered employee books through the scheme. […]