Category:
Sri Lanka negotiates OPEC funds for irrigation project
Feb 05, 2010 (LBO) – Sri Lanka has wrapped up a deal to get a 16 million dollar loan from the OPEC Fund for International Development for an irrigation project in the island’s central region, a senior minister said. The Kalu Ganga (river) development project is part of the Moragahakanda development program, information minister Anura […]
Drinking Water
Feb 05, 2010 (LBO) – A water supply scheme in Galle district in Sri Lanka’s south will get an additional 2. 5 million Euros of financing from Germany to complete the project after costs escalated, a senior minister said. Germany had given a 15 million Euro grant on December 07, 2009 for the second phase […]
Outsourced Analysis
Feb 05, 2010 (LBO) – An investment research outsourcing firm with offices in Sri Lanka said it has been ranked among top three global vendors for financial services analytics in an annual survey. The annual Black Book of Outsourcing survey for 2009 said Amba emerged as the most preferred vendor in the financial services analytics […]
Regulator
Feb 05, 2010 (LBO) – Anusha Palpita, head of the government’s information office has been appointed Sri Lanka’s telecom regulator, minister Anura Yapa said. Palpita will be the director general of Sri Lanka Telecom Regulatory Commission in addition to his duties as director of information. Priyantha Kariyapperuma, the previous regulator, resigned on Tuesday
Mobile Doctors
Feb 05, 2010 (LBO) – Sri Lanka’s Airtel said appointments with doctors could be made through its network following a tie-up with the e-channelling. com, a web based medical channelling service. Doctors could be channelled by both post paid and pre-paid customers by dialling 225. Chief Executive of Bharti Airtel Lanka, Amali Nayakkara said in […]
Sri Lanka should address fiscal excesses, inflation: S&P
Feb 05, 2010 (LBO) – Sri Lanka’s ‘apparent lack of urgency’ to stop rising inflation and post election spending may put pressure on a deal agreed with the International Monetary Fund, Standard & Poor’s, a rating agency has said. President Mahinda Rajapaksa, re-elected with a stronger mandate, had a “unique opportunity” to “implement comprehensive fiscal […]
Trade Flows
Feb 04, 2010 (LBO) – Cargo volumes at a government-owned container terminal in Sri Lanka’s Colombo port went up in December from a year ago, as trade flows picked up with global recession coming to an end. Total volumes at SAGT have largely been growing this year, although domestic import/export volumes have been hit by […]
Bank Spread
February 4, 2010 (AFP) – Banking giant HSBC will open a branch in Sri Lanka’s former war zone, the first foreign bank to do so since the end of the country’s long ethnic conflict, the central bank governor said Thursday. HSBC will open for business in Jaffna, the heartland of the island’s Tamil minority, next […]
Sparks fly as Bollywood, cricket and politics collide
MUMBAI, February 4, 2010 (AFP) – India’s twin obsessions of cricket and Bollywood are at the heart of a bitter row that has broken out between the country’s top film star and a radical right-wing party in the movie capital Mumbai. The dispute, which has seen the ultra Hindu-nationalist Shiv Sena party threatening to scupper […]
Pakistan MPs query delay in report on Sri Lanka team attack
ISLAMABAD, February 3, 2010 (AFP) – A parliamentary sports committee Wednesday summoned Pakistani security officials to explain a delay in the release of a report on last year’s terror attack on Sri Lanka’s cricket team in Lahore. A senior federal government official told the committee the government had yet to receive a report on the […]
Sri Lanka leader calls for unity after poll win
February 4, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse on Thursday issued an independence day call for unity and reconciliation after his victory in a bitterly fought election. Rajapakse in an address to the nation said the island’s freedom day assumed great significance as it was the first since the defeat of separatist Tamil […]
Sri Lankan stocks close 0.31-pct down
Feb 03, 2010 (LBO) – Sri Lankan shares closed down Wednesday as retailers took profits on counters that rallied in recent weeks, while renewed interest on selected midcap stocks boosted their share prices, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,697.80 points, down 11.33 points, while the Milanka index of more […]