Category:
Dual Fight
July 15, 2010 (LBO) – Sri Lanka’s Nokia sales agents want to preserve market share by winning back customers from Chinese brands with the launch of handsets that can connect to two networks, an official said. The rest of the market is shared between other brands such as Blackberry, HTC, Motorola, Samsung and LG. Nokia […]
IT IPO
July 15, 2010 (LBO) – Sri Lanka’s PC House, an information technology firm, will raise 630 million rupees in an initial public offering (IPO) to expand its IT enabled services business and product distribution, officials said. “The government has taken a lot of initiatives, they have already started spending, trying to bring IT to the […]
South Korea unveils new measures to attract foreign tourists
SEOUL, July 15, 2010 (AFP) – South Korea Thursday unveiled new measures such as development of ecological attractions to attract more foreign tourists, especially from China. Six new quays for cruise ships will be created on the southern resort island of Jeju and in the western port city of Incheon and other coastal towns, the […]
Indonesia lukewarm on Australia asylum centre plan
JAKARTA, July 15, 2010 (AFP) – Indonesia gave a lukewarm response Thursday to Australia’s plans for a processing centre for asylum-seekers in East Timor, saying it was only a part of a regional solution to people-smuggling. The comments by Indonesian Foreign Minister Marty Natalegawa came after he agreed to meet his Australian counterpart Stephen Smith, […]
Sri Lanka mobile users up 30-pct in first quarter
July 15, 2010 (LBO) – Sri Lanka’s mobile phone subscribers grew 30 percent to 15. 0 million in the first quarter of 2010, while fixed wireless users grew 4.7 percent and wireline users were flat, official data show. Fixed wireless subscribers grew to 2. 58 million users in the first quarter from 2. 47 users […]
Sri Lanka Treasuries fall after rate cut
July 14, 2010 (LBO ) – Sri Lanka’s Treasuries yields fell Wednesday in the wake of a 25 basis point rate cut the previous Friday, according to auction results released by the government’s debt office. The 3-month yield fell 9 basis points to 7.98 percent, the 6-month yield fell 21 basis points to 8. 75 […]
Sri Lanka bond prices to be made transparent
July 14, 2010 (LBO) – Sri Lanka’s bond prices will be made more transparent and a sovereign yield curve for the country is being developed with the country’s central bank Bloomberg, an international financial news and information provider said. The yield curve has become more market driven of late though some state-centric incestuous practices such […]
Sri Lankan shares close up 0.97-pct
July 14, 2010 (LBO) – Sri Lanka stocks closed up Wednesday as investors re-entered the market looking for bargains, while ‘penny’ stocks continued to be actively traded despite wide price fluctuations, brokers said. Seylan Merchant Bank closed at 1.70 rupees, down 10 cents with over 11 million shares traded, while Piramal Glass of Ceylon closed […]
Floor Plan
July 14, 2010 (LBO) – Sri Lanka’s telecom regulator is enforcing floor prices and interconnection rates for mobile phones from July 15, ending a price war that has put the industry deep in the red, though concerns remain. Sri Lanka had a ‘sender keep all’ regime for mobiles where all the revenue could be kept […]
‘s double-digit inflation inches higher
NEW DELHI, July 14, 2010 (AFP) – India’s double-digit inflation edged higher in June, touching an annual rate of 10. 55 percent, official data showed Wednesday, stoking pressure for another interest rate hike this month. April’s inflation reading was revised higher to 11.23 percent — a 19-month peak, the data showed. But the central bank […]
India says Pakistan intel oversaw Mumbai attacks: report
NEW DELHI, July 14, 2010 (AFP) – India has accused Pakistani intelligence services of overseeing the 2008 militant attacks on Mumbai, a report said Wednesday ahead of a major meeting between the rival nations. Home Secretary G. K. Pillai told the Indian Express newspaper that the level of involvement of Pakistan’s Inter-Services Intelligence (ISI) had […]
” awaits appeal verdict in Nepal
KATHMANDU, July 13, 2010 (AFP) – Nepal’s Supreme Court is set to rule Wednesday on an appeal by a Frenchman linked to a series of grisly backpacker killings across Asia in the 1970s who is contesting his murder conviction. Charles Sobhraj, a balding 65-year-old dubbed the “Bikini Killer,” could walk free if the court overturns […]