Category:
‘s 35-dollar computer
NEW DELHI, December 9, 2010 (AFP) – The Indian government won headlines around the world when it unveiled a prototype 35-dollar tablet computer in July, but questions are now growing over whether the project is just a pipe dream. “The One Laptop per Child Association in the US was difficult to comprehend and there was […]
Riot police in streets after Bangladesh stocks dive
DHAKA, December 8, 2010 (AFP) – Riot police took to the streets of the Bangladeshi capital on Wednesday to control thousands of angry investors protesting over a dramatic fall in shares on the national stock exchange. Protesters burnt office furniture in front of the Dhaka Stock Exchange building and brought traffic in the centre of […]
Sri Lanka CPC gets refuelling facility at new airport
Dec 09, 2010 (LBO) – Sri Lanka’s state-owned oil refiner has been given the go-ahead to fund the construction of an aircraft refuelling facility at a new international airport being built in the south, a statement said. It currently operates a refuelling facility at the island’s sole international airport at Katunayake, north of Colombo. The […]
Fuel Switch
Dec 09, 2010 (LBO) – Sri Lanka is looking closely at using liquefied natural gas (LNG) for power generation and transport, according to a note by the island’s petroleum and power ministries. LNG is cheaper than diesel and LPG and also cleaner, producing less harmful emissions, and its high purity results in higher thermal efficiency […]
Sri Lanka to borrow USD760mn for roads from China
Dec 09, 2010 (LBO) – Sri Lanka will borrow 760 million US dollars from two state-banks in China to upgrade more than one thousand kilometres of roads in the island including key roads in former war-torn areas in the Northwest of the country, the government said. The government will borrow 500 million dollars from China […]
Sri Lanka labour unions kept pacified: CB governor
Dec 08, 2010 (LBO) – Sri Lankan government efforts to prevent labour trouble in recent years despite tough economic conditions should be considered part of its effort to support the business community, central bank governor Nivard Cabraal said. “If we have good roads, that’s a relief. If we have employment, 24-hour electricity and coverage throughout […]
”: CB governor
Dec 08, 2010 (LBO) – The Sri Lankan rupee was allowed to appreciate against the dollar in the ‘national interest’ with the government having to balance conflicting interests, central bank governor Nivard Cabraal said. Steady State “We thought by depreciating the rupee we were doing a great job, that export income goes up, but where […]
Sri Lanka Treasuries steady
Dec 08, 2010 (LBO) – Sri Lanka Treasuries yeilds were steady at Wednesday’s despite raising fresh debt, the government’s debt office said. The 3-month yield edged 01 basis point lower to 7.27 percent, the 6-month yield was flat at 7.39 percent and the 12-month yield was also flat at 7. 55 percent. The government sold […]
Sri Lanka stocks fall amid IPO debut
Dec 08, 2010 (LBO) – Sri Lanka stocks closed 0. 2 percent lower Wednesday, extending losses as Laufgs Gas, a liquefied petroleum gas distributor debuted on the market closing four rupees above its offer price. The All Share Price Index closed at 6,454. 31, down 0.23 percent (14.77 points) while the Milanka index of liquid […]
Paradise Road
Dec 08, 2010 (LBO) – Sri Lanka is considering having “concessionary” bus fares at peak hours to help “private and public workers” one of the country’s transport ministers have told parliament, a media report said The minister for ‘private transport services’ C B Ratnayake was quoted as saying in the Daily Mirror newspaper that a […]
Sri Lanka in US cruise call for 2011
Dec 08, 2010 (LBO) – Sri Lanka has been included in South Asian cruises run by Zegrahm, a US based cruise company, with calls at three key ports in the island in 2011, according to the travel calendar released by the firm. Sri Lanka ended a 30-year war in May 2009 and the country has […]
Sri Lanka runs out of chicken as tourists flock to island
December 8, 2010 (AFP) – Sri Lanka is set to import chicken for the first time in over two decades as consumption zooms due to a tourist bonanza and rising incomes on the formerly war-ravaged island, a minister said Wednesday. Trade Minister Johnston Fernando said he had ordered the import of 2,500 tonnes of chicken […]