Category:
Sri Lankan stocks close down 0.80-pct
Oct 04, 2010 (LBO) – Sri Lankan shares closed down on Monday, pulled down by falls in index heavy stocks, while big stakes of Hatton National Bank (HNB) changed hands in private deals pushing turnover over 12 billion rupees, brokers said. John Keells Holdings, an index heavy conglomerate closed at 349.00 rupees, down 5.50. The […]
Risky Ventures
Oct 04, 2010 (LBO) – Sri Lankans investing in unregulated investment schemes face higher risks and should not expect government bailouts if their investments go sour, the banking regulator has warned. Central bank governor Nivard Cabraal said the regulator has repeatedly warned the public of the risk of investing money in unregulated institutions and publicised […]
Tele Trends
Oct 04, 2010 (LBO) – Sri Lanka’s mobile subscribers grew 25.4 percent to 15.86 million in the second quarter of 2010 from a year earlier and a wireline contraction has bottomed out, official data shows. At the end of the second quarter of 2010 Sri Lanka had 15.86 million mobile users up from 11.49 million […]
Tele Bid
Oct 04, 2010 (LBO) – India’s Tata Communications had put in a bid for Sri Lanka’s Suntel, a unit of Sweden’s Telia which runs a fixed access wireless network in the island, a media report said. India’s Economic Times said, Tata Communications Ltd (TCL) formerly a state-run firm in which the government still owns 26 […]
Sri Lankan firms offered carbon emission reduction service
Oct 04, 2010 (LBO) – Reducing carbon emissions can give Sri Lankan businesses a competitive advantage, according to officials of a new company offering carbon reduction services. Carbon Consulting Company (CCC) has been appointed as an approved reseller of The CarbonNeutral Company’s services, including carbon offsets and certification. We can no longer depend on trade […]
Sri Lanka told to speed up paper work for trade with India
Oct 04, 2010 (LBO) – Early issue of export documentation by Sri Lankan authorities could help reduce delays in clearing goods shipped to India under a free trade deal, trade experts and economists told a forum. The Indo-Lanka free trade agreement (FTA) has eliminated or reduced import duties, improving market access for businesses in both […]
Sri Lanka ex-army chief vows to fight from jail
October 4, 2010 (AFP) – Sri Lanka’s jailed ex-military chief and opposition leader Sarath Fonseka vowed to fight for democracy as he was escorted out of prison Monday to attend another court case against him. Fonseka, 59, told supporters outside the Colombo High Court that he was prepared to sacrifice his life and will not […]
‘s iron security, blistering heat
NEW DELHI, October 3, 2010 (AFP) – “It’s a dream come true,” squealed 16-year-old Shikha Saini as she patiently queued to enter the Jawaharlal Nehru stadium, venue of Sunday’s lavish opening ceremony of the Commonwealth Games. A wearying, marathon walk up to the main entrance more than three hours ahead of the start of the […]
Dinosaur trove spills more secrets
CUENCA, October 2, 2010 (AFP) – Decades after a mechanical pine-tree digger first unearthed it, an extraordinary trove of dinosaur fossils in central Spain is revealing its secrets. When the digging machine cut a furrow to plant pines in the arid soil near the medieval town of Cuenca in the 1980s, it sliced through more […]
India seeking to intercept BlackBerry messages
NEW DELHI, October 2, 2010 (AFP) – India is seeking to find an “appropriate” means to monitor messages and corporate emails sent through Blackberry smart phones, a top government official has said. India and countries such as Saudi Arabia and the United Arab Emirates have sought access to monitor the services as they fear heavy […]
Sri Lanka, India trade deal seen helping lure Indian investors
Oct 02, 2010 (LBO) – An upgraded free trade deal between India and Sri Lanka can help the island lure more investment from Indian companies who are increasingly venturing abroad, India’s envoy in Colombo said. The two countries need to have agreements that remove bottlenecks to exports by harmonising their testing, certification, quarantine and customs […]
India poised to stage biggest Games
NEW DELHI, October 2, 2010 (AFP) – India raced Saturday to put finishing touches to preparations for the biggest Commonwealth Games, with the start just a day away — hoping to make the event a success story after a shambolic run-up. Western governments have persistently warned of the threat of a militant attack during the […]