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Sri Lanka to scale back emergency laws: minister
May 4, 2010 (AFP) – Sri Lanka’s foreign minister pledged Tuesday that the country’s tough emergency laws introduced in 1983 to fight a raging Tamil insurgency would be gradually withdrawn. France had led international calls to scrap the emergency laws soon after the defeat of the rebels. Since then, Sri Lanka’s parliament has kept extending […]
Sri Lanka Brandix opens apparel export hub in India
May 04, 2010 (LBO) – Sri Lankan apparel exporter Brandix has opened a 1,000-acre ‘Apparel Park’ in India to serve as a hub for manufacturers and suppliers in the south Asian region, a statement said. The facility near the eastern Indian port city of Vishakhapatnam when fully occupied will accommodate up to 20 apparel manufacturing […]
Connecting SAARC: Telecom trumps borders, not
May 04, 2010 (LBO) – The Wagah border crossing on the Grand Trunk Road, between Lahore and Amritsar, is world famous for the elaborate rituals of nationalism enacted at sundown every day. High stepping soldiers in ceremonial dress glower at each other cheered on by large crowds on both sides whipped up to (different) nationalistic […]
Sri Lanka blocks cricketers visiting Dalai Lama
May 4, 2010 (AFP) – Sri Lanka stopped national cricket captain Kumar Sangakkara and another player from calling on the Dalai Lama out of fear that a meeting would anger China, an official said Tuesday. Sangakkara and former skipper Mahela Jayawardene were advised not to join their Indian Premier League teammates who paid a courtesy […]
Rights groups welcome pardon for Sri Lanka editor
May 4, 2010 (AFP) – Media rights groups Tuesday welcomed Sri Lanka’s decision to pardon a Tamil editor sentenced to 20 years in prison, but urged the government to ensure he was allowed to return to work freely. Paris-based RSF — Reporters Without Borders — said J. S. Tissainayagam, who wrote about the plight of […]
Sri Lanka tax reforms, economically sound budget awaited by IMF
May 04, 2010 (LBO) – The International Monetary Fund is looking for an economically sound budget for Sri Lanka this year with tax reforms to cut the deficit as it starts discussions to resume a deal with the island, an official said. Sri Lanka’s government got parliamentary approval to spend money until April amid two […]
Sri Lankan stocks close up 0.72-pct
May 03, 2010 (LBO) – Sri Lankan stocks passed 4,200 points Monday as price gains on selected high values shares pushed the market up, while Janashakthi Insurance and Commercial Bank trades helped turnover pass 3. 0 billion rupees, brokers said. Commercial Bank closed at 239.75 rupees, up 25 cents with 5.0 million shares traded, Hatton […]
Sri Lanka John Keells hotel in upgrade investment deal
May 03, 2010 (LBO) – Habarana Lodge has signed a deal with the Board of Investment to invest 2. 5 million US dollars to re-furbish and upgrade its hotel in north-central Sri Lanka, the investment promotion agency said. The 140-room Cinnamon Lodge Hotel at Habarana, part of the John Keells group hotel chain, will be […]
Software Source
May 03, 2010 (LBO) – Sri Lankan information technology companies are trying to attract business process outsourcing (BPO) work from European small businesses, an industry group said in a statement. “Sri Lanka is a unique and competitive destination for specialized and SME (small and medium enterprise) sourcing,” said Reshan Dewapura of the island’s state-run Information […]
‘s myth of free education and its quality
May 03, 2010 (LBO) – After the release of the results of every major public examination, a spontaneous debate takes place in the country regarding the deteriorating quality of the students sitting for the examinations. The first type of the survey is conducted by the Central Bank of Sri Lanka and according to its survey […]
Sri Lanka police arrest counterfeiters, says clothing brand
May 03, 2010 (LBO) – Sri Lankan police have arrested several people for intellectual property rights violation after a raid on a factory making fake designs of the Odel fashion brand, the company said in a statement. Odel runs a popular upmarket department store in Sri Lanka’s capital Colombo and has begun setting up branches. […]
Sri Lanka in ADB trade finance deal
May 03, 2010 (LBO) – Sri Lanka is one of the countries included in a trade finance deal between the Asian Development Bank and Germany’s Commerzbank to share risks to support increased trade in developing Asia. According to an ADB statement, the Risk Participation Agreement signed on the sidelines of the bank’s 43rd annual meeting […]