Category:
” at night
PARIS, March 14, 2010 (AFP) – Scientists revealed Sunday for the first time how some snakes can detect the faint body heat exuded by a mouse a metre (three feet) away with enough precision and speed to hunt in the dark. It has been known for decades that rattlesnakes, boas and pythons have so-called pit […]
Sri Lanka former top judge slams opposition leader arrest
NEW DELHI, March 15, 2010 (AFP) – Sri Lanka’s former chief justice slammed the arrest of ex-army chief and opposition leader Sarath Fonseka on Monday on the eve of his court martial, saying there was “no democracy” in the country. Retired chief justice Sarath Silva criticised the treatment of Fonseka, who challenged President Mahinda Rajapakse […]
Sri Lanka state worker cost climbs to new high
Mar 15, 2010 (LBO) – Sri Lanka state workers took away 57 cents as salaries and wages out of every tax rupee paid by the people in 2009, as the government continued to expand a bloated public service amid an economic slump, the latest official data showed. Salaries and pensions of workers climbed to 353 […]
Credit Expansion
Mar 14, 2010 (LBO) – Commercial Credit Ltd, a registered finance company based in Sri Lanka’s central hill town of Kandy opened an office in the capital Colombo, which the firm says is a step in a expansion drive. The company, founded 28 years ago, has network of five branches and 12 collection centres unveiled […]
Slick Market
Mar 14, 2010 (LBO) – Sri Lanka’s Chevron lubricants unit said sales fell in 2009 with a downturn in local and export demand, but is expecting a recovery this year with new demand expected from former war torn areas. The firm said industry volumes fell 7. 0 percent in which was the third consecutive year […]
Sri Lanka newspaper poll shows support for IMF, EU stance
Mar 14, 2010 (LBO) – A decision by the International Monetary Fund to suspend its program to Sri Lanka and a European Union decision to lift trade benefits have found wide support in a newspaper poll. A poll by the business news section of The Sunday Times, an influential weekly, found that 74 percent of […]
Banking Challenges
Mar 13, 2010 (LBO) – Banking is one sector which undergoes rapid change and transformation. Hence, what we have today as banks is completely different from what we had as banks yesterday. Similarly, banks tomorrow will be completely different from banks today. By incorporating ICT in their production models, banks have been able to successfully […]
Name Tag
WASHINGTON, March 13, 2010 (AFP) – The adult entertainment industry is going to have to wait a while longer to see whether it gets its . XXX domain name. The board of ICANN, the international regulatory body for Web addresses, on Friday delayed a decision until June on whether to create the . XXX domain. […]
Sri Lanka rice import barrier too high: consumer minister
Mar 13, 2010 (LBO) – Sri Lanka is expected to re-erect an import barrier soon to keep cheaper rice out of the reach of the island’s consumers, but the country’s 25 rupee a kilo duty is too high, consumer affairs minister Bandula Gunewardene said. “I personally think the duty of 25 rupees on a kilo […]
Sri Lanka lifts taxes on gold imports
Mar 13, 2010 (LBO) – Sri Lanka has lifted taxes and levies on gold imports from to promote jewellery industries in the country, the central bank said. “The removal of all applicable import taxes and other levies on gold imports will reduce the gold prices in the market and contribute to promote gold and jewellery […]
Sri Lanka stocks close 0.33-pct up, Hotel Services heavy traded
Mar 12, 2010 (LBO) – Sri Lankan stocks closed up Friday as investors bought selected blue chip and midcap shares, while the sale of a controlling stake in Hotel Services pushed turnover past 2.8 billion rupees, brokers said. The All Share Price Index closed at 3,844.84, up 12.54 points, while the Milanka index of more […]
Gas Supply
Mar 12, 2010 (LBO) – The Sri Lanka Ports Authority is in talks with suppliers of liquid petroleum gas to introduce a third player in the local market once a storage terminal is built in a new port, an official said. SLPA chairman Priyath Wickrama said the LPG storage terminal would come up in the […]