Category:
Android Forum
Oct 28, 2011 (LBO) – Sri Lanka’s Etisalat cellular network said it will host a forum on Android, an operating system for mobile devices, with experts from Google, smartphone makers will be taking part. “The goal of the Android Forum is to give the public a chance to see the limitless possibilities that will be […]
Dutch plane flying to Sri Lanka in bird strike
PANAJI, October 27, 2011 (AFP) – A Dutch charter plane en route to Sri Lanka was forced to abort take-off after a bird flew into one of its engines in the Indian state of Goa, the airline said on Thursday. “The plane hit the bird while it was gathering speed on the runway,” ArkeFly spokeswoman […]
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PERTH, October 28, 2011 (AFP) – Britain’s Queen Elizabeth II Friday invoked an Australian Aboriginal proverb which notes “we are just passing through”, as she called for enduring results from a Commonwealth summit. Dressed in a powder blue silk jacquard dress and coat with navy trim adorned with a brooch which previously belonged to her […]
Queen opens Commonwealth summit amid heavy security
PERTH, October 28, 2011 (AFP) – Queen Elizabeth II opened the 54-nation Commonwealth Heads of Government Meeting (CHOGM) Friday where issues from human rights to succession to the British throne are being discussed. Leaders were greeted with a traditional indigenous cleansing ceremony at the Perth Convention Centre by elders from the Noongar Aboriginal tribe before […]
Sri Lanka plan to push PPPs, human resources: ADB
Oct 28, 2011 (LBO) – The Asian Development Bank said its program for Sri Lanka from 2012 will focus on public private partnerships in infrastructure, boosting human resources and lagging regional including former war zones. “ADB will also provide nonsovereign loans to reforming state-owned enterprises to expose them to alternate sources of finance. Private investments […]
Sri Lanka gets Japanese aid for reviving livelihoods
Oct 28, 2011 (LBO) – Japan has given financial aid to support efforts to help ex-combatants and other affected people in Sri Lanka’s former northern war zone to resume their livelihoods. The Japanese government gave 122 million yen (about 1.5 million US dollars) to the International Organization for Migration (IOM) for “reintegration and reconciliation” efforts […]
Sri Lanka stocks end down 0.4-pct
Oct 27, 2011 (LBO) – Sri Lankan stocks closed lower Thursday, losing more gains of a two-day upswing in which prices were pushed up amid reports of an attempt to oust a regulator fighting equities fraud, brokers said. The main All Share Price Index fell 0.35 percent (22.46 points) to 6,323.59, while the more liquid […]
Bank Net
Oct 27, 2011 (LBO) – Net profits of Sri Lanka’s PABC Bank for the September 2011 quarter rose 62 percent to 208. 7 million rupees from a year earlier, helped by stronger net interest income and a lower tax rate, interim accounts showed. The bank reported earnings of 71 cents for the quarter and 2.08 […]
Sri Lanka hotel in talks with Hilton to reduce management fee
Oct 27, 2011 (LBO) – Sri Lanka’s Hotel Developers, is negotiating with Hilton International USA which runs the property to reduce management fees, a stock exchange filing said. The management is also in talks on with the government to restructure the firm and “overcome the debt burden and interest commitment,” it said. It said the […]
Sri Lanka exporter targets domestic flower market
Oct 27, 2011 (LBO) – A Sri Lankan horticulture exporter said it has begun targeting a growing domestic market for cut flowers and horticulture. Hayleys Agriculture, a division of the listed Hayleys group, said it had begun appointing agents and distributors and can double production at its 18 hectare facility in the central hills of […]
Sri Lanka tea crops seen improving
Oct 27, 2011 (LBO) – Sri Lanka’s tea production is expected to revive with the return of weather conditions conducive to growing tea with demand also improving at the Colombo auctions, brokers said. Brokers Asia Siyaka Commodities said low grown teas, which make up the bulk of the crop, “met with improved widespread demand” at […]
Insider Case
NEW YORK, October 27, 2011 (AFP) – Ex-Goldman Sachs director Rajat Gupta turned himself in Wednesday to the FBI, and then pleaded not guilty in court to massive securities fraud before being freed on $10 million bail pending trial. The indictment of the biggest fish yet in a growing insider trading scandal reverberated around Wall […]