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COLOMBO, February 25, 2014 (AFP) – Sri Lanka Tuesday accused the UN rights chief of “unwarranted interference” by calling for an international inquiry into allegations troops killed thousands of civilians at the end of the civil war.The government of President Mahinda Rajapakse formally rejected the demand by rights chief Navi Pillay for an external investigation […]
Sri Lanka stocks plunge 0.9-pct
Feb 24, 2014 (LBO) – Sri Lanka stocks plunge 0.91 percent Monday continuing the downward trend with losses in the tobacco and diversified stocks, brokers said. Bukit Darah ended 15.00 rupees lower at 560.00 rupees and Commercial Leasing and Finance closed 20 cents lower at 3.90 rupees. Nestle Lanka ended 20.90 rupees lower at 2,000.00 […]
Mobile Sales
Feb 24, 2014 (LBO) – Sri Lanka’s Dialog Axiata Plc, said it has developed a mobile point of sale (mPOS) application with extra features that will be first deployed in the island’s largest taxi service.3 Wheel Lanka (Pvt) Ltd, which operates under the ‘Budget Taxi’ will carry the patent-pending ‘Dialog Street Smart’ product, using a […]
Cheap Smarts
BARCELONA, February 23, 2014 (AFP) – Firefox OS, an upstart smartphone operating system aimed a challenging the Apple and Google duopoly, will power a new category of $25 smartphones for developing countries, the California-based nonprofit Mozilla Foundation said Sunday. Mozilla sought to show off the success of its system, launched a year ago to prise […]
Revamped Sri Lanka sweep Bangladesh one-dayers
DHAKA, February 22, 2014 (AFP) – New-look Sri Lanka trounced Bangladesh by six wickets in the third and final one-day international in Dhaka on Saturday to sweep the series 3-0.The hosts missed premier all-rounder Shakib Al Hasan, who was handed a three-match ban for a lewd on-camera gesture during the second one-dayer on Thursday. Mominul […]
Afghan President Karzai cancels Sri Lanka visit
COLOMBO, February 23, 2014 (AFP) – Afghan President Hamid Karzai cancelled a two-day state visit to Sri Lanka Sunday, the foreign ministry in Colombo said, as Taliban insurgents killed 20 of his soldiers in eastern Afghanistan.“Please note that the visit of the President of Afghanistan to Sri Lanka has been cancelled,” the ministry said without […]
Pay Freedoms
Feb 22, 2014 (LBO) – A bank in Sri Lanka is in talks with US-based Paypal to become its partner bank for inward remittances, Central Bank Governor Nivard Cabraal said. But larger transactions like tourism services are also sold in many countries using Paypal. Sri Lanka allows outward payments through Paypal via credit cards, but […]
” India, says FDA chief
WASHINGTON, February 21, 2014 (AFP) – US regulators are not targeting India, despite a series of import restrictions on drugs from the major US trading partner, the Food and Drug Administration chief said Friday.India’s generics industry is a major supplier of lifesaving drugs, including antiretrovirals for HIV, to the United States and over 200 other […]
Cricket: Sri Lanka keep Bangladesh down to 240-8
DHAKA, February 22, 2014 (AFP) – Seamer Dhammika Prasad claimed three wickets in his first match of the series as new-look Sri Lanka restricted Bangladesh to 240-8 in the third and final one-day international in Dhaka on Saturday.New-ball partner Suranga Lakmal finished with two for 24 in 10 overs after Sri Lanka, enjoying an unassailable […]
Sri Lanka stocks fall 0.3-pct
Feb 21, 2014 (LBO) – Sri Lanka stocks fall 0.32 percent for the seventh consecutive day with losses in the tobacco and diversified stocks, brokers said. Nestle Lanka ended 79.10 rupees lower at 2,020.90 rupees and Ceylon Tobacco Company closed 12.20 rupees lower at 1,157.60 rupees, contributing most to the index drop. Bukit Darah ended […]
Mass Transit
Feb 21, 2014 (LBO) – Sri Lanka is likely to opt for a 1.3 billion US dollar monorail mass transit system with Japanese finance to cut traffic congestion and boost mobility in the capital Colombo, an official said. A link is also planned from Kollupitiya to National Hospital. A second stage will involve a line […]
Sri Lanka to launch two year tourism promotion campaign
Feb 21, 2014 (LBO) – Sri Lanka will launch a “comprehensive mega tourism promotional campaign” to boost arrivals including from newly developing markets, starting this year, information minister Keheliya Rambukwelle said. However there has been strong growth in the lower end of the sector with internet based bookings giving more affordable accommodation with pricing closer […]