Category:
Transport Demand
Dec 27, 2010 (LBO) – The number of vehicles imported by Sri Lanka continues to surge after a sharp import duty reduction, with new registrations up 74 percent to 284,991 in January – October 2010 from a year ago, latest data shows. The number of trucks and other transport vehicles imported have risen by 57 […]
Sri Lanka fish prices seen falling when weather improves
Dec 27, 2010 (LBO) – Fish prices in Sri Lanka should come down when the weather improves and Catholic fishermen put out to sea with the end of Christmas celebrations, the fisheries minister Rajitha Senaratne said. Increased sales by the state-owned Ceylon Fisheries Corporation had already brought fish prices down by about 22 percent on […]
Spreading Virus
December 27, 2010 (AFP) – Swine flu in Sri Lanka has killed 22 people and infected more than 300 over the past two months, the island’s health ministry said Monday. Official figures showed that 22 people infected with H1N1 — swine flu — had died since October 25 while 342 cases were reported during this […]
Speed Test
Dec 27, 2010 (LBO) – Sri Lankan broadband users will soon be able to test their download speeds with the proposed introduction of a testing facility, the Telecommunications Regulatory Commission said in a statement. The TRC has just published the results of tests on fixed broadband download speeds that found speeds were far below those […]
Peak Cheats
Dec 27, 2010 (LBO) – Fixed broadband service providers in Sri Lanka have been providing download speeds far below advertised rates at peak times especially from international domains, the telecommunications regulator has said. The TRC also said most commercial institutions in Sri Lanka prefer to use broadband services for commercial activities instead of using internet […]
India launches sharia stock index for Muslims
MUMBAI, December 27, 2010 (AFP) – India’s Bombay Stock Exchange launched a share index of sharia-compliant companies on Monday in an attempt to open stock-trading to more Muslims. The BSE TASIS Sharia 50 consists of the largest and most liquid sharia-compliant stocks within the BSE 500 index. All the companies have been vetted to ensure […]
‘s city-dwellers get angrier as society changes
MUMBAI, December 26, 2010 (AFP) – With its religious retreats for meditation and yoga, India has long been sought out by Western visitors eager to escape the rat race and return home better prepared to face life’s challenges. Big cities like New Delhi and Mumbai, however, are becoming anything but havens of spiritual calm and […]
‘s cheapest car
NEW DELHI, December 26, 2010 (AFP) – India’s launch of the world’s cheapest car, the Nano, was expected to create a vast new market segment in the nation of 1.2 billion people, but reality has fallen short of expectations. “The really good thing for Tata is that those people who have the car are happy […]
‘ warm words
NEW DELHI, December 26, 2010 (AFP) – The theme of Chinese Premier Wen Jiabao’s visit to India was “friends not rivals,” but a border dispute remains a source of tension and, analysts warn, potential conflict between the Asian giants. The joint communique that concluded Wen’s recent visit barely mentioned the long-standing border issue, as both […]
Sri Lanka naval meet seen strengthening Indian Ocean maritime security
Dec 25, 2010 (LBO) – A naval symposium to mark the Sri Lankan navy’s 60th anniversary has helped improve maritime security co-operation among navies to combat smuggling and poaching in the Indian Ocean, an official said. Samarasinghe said intelligence sharing among intelligence agencies and regional navies had also improved. Sri Lanka navy chief Vice Admiral […]
Sri Lanka shares end up 0.72-pct
Dec 24, 2010 (LBO) – Sri Lankan stocks closed higher Friday with private deals in two conglomerates boosting turnover, ending a week of gains that also saw net foreign selling, brokers said. Bartleet Mallory Stockbrokers said there was a mix of institutional, high-net-worth and retail investors at the start of the week, but retail investors […]
Bank Issue
Dec 24, 2010 (LBO) – Sri Lanka’s Union Bank plans to make a public share offer after a rights issue of 10 million shares at 25 rupees each to existing shareholders was oversubscribed by four times, a statement said. The bank has 20 branches including 05 in the north of Sri Lanka and is expected […]