Category:
Bus Losses
Apr 15, 2011 (LBO) – Sri Lanka’s over-staffed state-run bus services lost 8.4 billion rupees in 2010, up 4. 9 percent from the 8.4 billion rupees a year earlier, eating up billions of rupees of taxes extracted from the people from other means. There was no mention of depreciation charges. The SLTB owned 7,746 buses […]
Freight Factor
Apr 15, 2011 (LBO) – Increased freight transport has helped Sri Lanka’s state-owned railway department sharply reduce losses in 2010, according to the central bank. “The railway network coverage, reliability and the service delivery should be improved in line with the emerging transport demand of the country,” the report said. It said the performance of […]
India BPO industry suffers 55% attrition
NEW DELHI, April 14, 2011 (AFP) – The attrition rate in India’s business process outsourcing sector jumped to 55 percent from a year earlier, dealing a potentially fatal blow to the flagship industry, a study said on Thursday. India recently lost its crown to the Philippines as the call centre capital of the world. But […]
No Padding
SAN FRANCISCO, April 13, 2011 (AFP) – Figures released on Wednesday showed that the personal computer market shrank for the first time in more than a year due to frugality and a tablet computer craze led by Apple’s hot-selling iPads. “Instead, consumers turned their attention to media tablets and other consumer electronics. ” After Apple’s […]
Reckitt Benckiser picks Indian boss in shock shake-up
LONDON, April 14, 2011 (AFP) – Reckitt Benckiser, the Anglo-Dutch household products and drugs group, on Thursday chose senior employee and Indian national Rakesh Kapoor to replace chief executive Bart Becht, who surprisingly retired. Reckitt’s share price slumped more than 7.0 percent in London on the unexpected announcements by the company whose major brands include […]
Pakistan plans own version of IPL
LAHORE, April 13, 2011 (AFP) – Pakistan hopes to launch a new cricket league based on the lucrative Indian Premier League in a bid to win back its status as an international host, an official said on Wednesday. International cricket has been suspended in Pakistan since March 2009 when gunmen attacked a convoy carrying the […]
” UN war crimes report
April 13, 2011 (AFP) – Sri Lanka on Wednesday rejected as “flawed” and “biased” a UN-commissioned report into alleged war crimes committed during the final 2009 offensive by government troops against Tamil Tiger rebels. The External Affairs Ministry said it had received a copy of the report by a three-member expert panel who handed their […]
Sri Lanka could target inflation of 4-7 percent: IMF paper
Apr 14, 2011 (LBO) – An International Monetary Fund policy paper has proposed a forecasting and policy analysis system (FPAS) to help start an inflation targeting regime for Sri Lanka which suggested a range of 4.0 to 7.0 percent a year as a target. The paper said Sri Lanka’s tight peg also complicated monetary policy. […]
Vietnam ADB meeting to focus on Asian emerging challenges
Apr 14, 2011 (LBO) – Asian Development Bank’s annual meeting in Vietnam will focus on rising commodity prices which is hurting Asia’s two billion poor, climate change, an ageing population as the region also grapples with natural disasters. ADB’s 44th annual meeting starts will be held from May 03 to 06 in Hanoi alongside a […]
” bra goes on sale: report
Apr 13, 2011 (LBO) – The world’s first ‘carbon neutral’ bra, made at an eco-friendly factory Sri Lanka that uses hydro electricity, is going on sale at Marks and Spencer (M&S), a UK based retailer, a media report said. Sri Lanka is a key supplier of lingerie to top global brands. The country’s top apparel […]
UN leader under pressure over Sri Lanka war report
UNITED NATIONS, April 13, 2011 (AFP) – UN Secretary General Ban Ki-moon is studying an expert report into thousands of deaths during Sri Lanka’s 2009 military drive against Tamil rebels, as calls grow for an international probe. Ban has given himself just days to decide on recommendations made by a panel of experts which handed […]
Sri Lanka rights report given to UN chief
UNITED NATIONS, April 12, 2011 (AFP) – A panel of UN experts on Tuesday handed over a report on alleged war crimes in Sri Lanka against Tamil separatists to UN leader Ban Ki-moon, his spokesman said. But the United Nations would not say whether the panel was allowed to go to Sri Lanka, which publicly […]