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Sri Lanka business chamber optimistic on northern elections
Oct 21, 2013 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce says recent elections in the former war-torn Northern Province, and subsequent events are give rise to optimism about the future. “These actions of the country’s political leadership, at both the national & provincial levels, provide grounds for optimism about the future prospects of all […]
Sri Lanka gaming resorts to tie-up with existing casinos: ministry
Oct 20, 2013 (LBO) – Two planned gaming resorts in Sri Lanka are expected to link up with existing casinos in the city and will require no new licenses to be issued, the investment promotion ministry has said.Australia’s Crown group and Sri Lanka’s John Keells Holdings are to build two ‘integrated resorts’ with luxury hotels, […]
Maldives ex-leader demands fresh vote under caretaker
MALÉ, October 20, 2013 (AFP) – Maldivian opposition leader Mohamed Nasheed Sunday demanded fresh elections under a caretaker president, a day after police forced the postponement of a vote he was expected to win.Nasheed, a former president, told reporters in the capital island Male that the outgoing President Mohamed Waheed should step down immediately and […]
” fears
COLOMBO, October 20, 2013 (AFP) – The Maldives embraced multi-party democracy in 2008 hoping to emerge a modern nation. Five years on, there are fears the honeymoon islands are becoming a “banana republic” ready to implode. The political crisis came to a head Saturday when police blocked elections designed to restore stability after the first […]
Sri Lanka hosts nuclear energy workshop
Oct 20, 2013 (LBO) – Sri Lanka is hosting a workshop on nuclear energy with the participation of domestic and international specialists, the island’s research and development ministry said. The workshop will create awareness on a safe, long term, nuclear energy program, the ministry said. International participants from Bangladesh, Belarus, Egypt, Indonesia, Jordan, Malaysia, Peru […]
Foreign Finance
Oct 19, 2013 (LBO) – Sri Lanka’s Citizens Development Business Finance, said it had got a 6 million US dollar credit line (780 million rupees) from a Belgian development finance agency.Carole Maman, financial sector director for BIO said CDB offered financial services to rural bottom-of-the-pyramic cystomers. “We appreciate the motivation and quality of CDB’s staff […]
Maldives vote to go ahead despite court case
MALÉ, October 19, 2013 (AFP) – Presidential elections in the Maldives will go ahead on Saturday despite an 11th-hour court challenge by two candidates aimed at delaying the poll, the elections chief announced.Outgoing president Mohamed Waheed, who replaced Nasheed but is not running in the fresh polls, has promised a smooth transition of power. He […]
” in Sri Lanka: Packer
Oct 18, 2013 (LBO) – A 400 million US dollar high end casino resort in Sri Lanka would employ 2,500 people and ‘redefine’ luxury tourism in the island, Australia’s Crown group has said.The opposition has said it will reverse tax holidays if it comes to power, and impose a 40 percent tax on gaming revenues […]
Google Gains
SAN FRANCISCO, October 18, 2013 (AFP) – Google shares surged to a record high, close to $1,000, after quarterly earnings figures showed the Internet giant’s profits are climbing despite a trend toward cheaper advertising on smartphones and tablets. The company on Thursday reported net income of $2.97 billion on revenue that rose to $14.89 billion […]
Skull discovery suggests 1.8mn year old evidence against nationalism
WASHINGTON, October 18, 2013 (AFP) – A stunningly well-preserved skull from 1.8 million years ago offers new evidence that early man was a single species with a vast array of different looks, researchers said Thursday.With a tiny brain about a third the size of a modern human’s, protruding brows and jutting jaws like an ape, […]
India police arrest crew of US ship over arms: reports
NEW DELHI, October 18, 2013 (AFP) – Indian police Friday arrested and questioned 33 people aboard a ship operated by a US anti-piracy firm for carrying guns and ammunition in Indian waters without proper permits, reports said.India’s coastguard stopped and detained the ship off the Indian coast on October 12 after discovering the cache of […]
Maldives polls in doubt: election chief
MALÉ, October 18, 2013 (AFP) – The Maldives’ electoral commission warned Friday that this weekend’s presidential polls could be scrapped at the last minute as two of the candidates have still to endorse the voting roll.Just hours before polling stations were due to open, commission chairman Fuwad Thowfeek said former president Mohamed Nasheed was the […]