Category:
Sri Lanka leisure group in training venture
Oct 12, 2011 (LBO) – Sri Lanka’s John Keells Holdings has tied up with local and foreign training outfits to train staff for its hotels after the end of a war led to a boom in arrivals. The group has tied up with the Emirates Academy of Hospitality Management based in Dubai and is also […]
Sri Lanka wind farm buys more Indian turbines
Oct 12, 2011 (LBO) – Suzlon Energy Limited of India said Sri Lanka’s Senok group has ordered 10 wind turbines of 2.1 MegaWatts each, to expand is wind farms. Suzlon had earlier sold turbines of 10MW to Senok which has built a wind farm in Puttalam in North Western Sri Lanka. “This new order underlines […]
Vietnam President to ink economic, defence deals on Sri Lanka visit
Oct 12, 2011 (LBO) – Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral accords being concluded, Sri Lanka’s foreign ministry said. On Friday Sri Lanka President Rajapaksa will hold bilateral discussions with the Vietnamese President to explore opportunities to strengthen relations promote co-operation. […]
Sri Lanka urban agency to offer land in former war-zones
Oct 12, 2011 (LBO) – Sri Lanka’s Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for commercial development, director general Rohan Fernando said. “Now we are making arrangements to provide lands from Mankulam, Kilinochchi and Jaffna,” he told a forum on property development at the Central […]
Managing Risk
Oct 11, 2011 (LBO) – Sri Lanka’s Central Bank has issued directions to banks on an integrated risk management framework that will be effective in six months’ time. The guidelines are in addition to the risk management principles and rules required in regulatory and supervisory procedures and other market best practices of banks’ risk management, […]
” of dirty tricks
MANILA, October 10, 2011 (AFP) – The World Health Organization’s chief on Monday urged governments to unite against “big tobacco”, as she accused the industry of dirty tricks, bullying and immorality in its quest to keep people smoking. This covers an area with a population of 1.6 billion people, including China, Australia, Japan, South Korea, […]
Bangladesh launches $130 laptop for schools
DHAKA, October 11, 2011 (AFP) – Bangladesh on Tuesday unveiled a $130 locally made laptop that it hopes will help bridge the digital divide in the impoverished South Asian country. Prime Minister Sheikh Hasina unveiled the Doel — or magpie — laptops at a ceremony in the capital Dhaka, saying the computer, made by state-owned […]
‘s friend quizzed over trips
LONDON, October 11, 2011 (AFP) – British officials interviewed a close friend of defence minister Liam Fox Tuesday to ask why he had joined the politician on many overseas trips despite having no government role, a source said. Adam Werritty, Fox’s former flatmate and best man at his wedding, was questioned by civil servants a […]
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LONDON, October 10, 2011 (AFP) – British Prime Minister David Cameron said Monday his defence minister had made “serious mistakes” in allowing a close friend to operate as his advisor despite having no official government role. He nevertheless has a key role in the coalition government in pushing through defence spending cuts, as part of […]
US Nobel economists longtime friends, rivals
WASHINGTON, 2011 (AFP) – Christopher Sims and Thomas Sargent are friendly rivals whose careers have tracked each other’s from the time they were Harvard doctoral students to Monday’s announcement that they had both won the 2011 Nobel Economics Prize. As it happened, Sims and Sargent, both 68, were teaching a class together at Princeton University […]
US duo win Economics Nobel for macroeconomic work
STOCKHOLM, (AFP) – US researchers Thomas Sargent and Christopher Sims won the 2011 Nobel Economics Prize on Monday for their work on macro-economics and government economic policymaking, the Nobel jury said. This year’s laureates “have developed methods for answering … questions regarding the causal relationship between economic policy and different macro-economic variables, such as GDP, […]
Sri Lanka foreign reserves at US$8.05bn in August: data
Oct 10, 2011 (LBO) – Sri Lanka’s gross foreign reserves were 8,050 million US dollars by the end of August 2011, only slightly lower than the 8,098.8 million US dollars reported in July, Central Bank data showed. In August the central bank had sold 197. 6 million US dollars in foreign exchange markets to commercial […]