Category:
Fake
BANGKOK, December 11, 2009 (AFP) – Thai authorities have arrested five people for producing and smuggling more than 300 fake EU passports and other official European documents, officials said Friday.“He (Fathi) confessed that he had trafficked stolen passports into Thailand more than 20 times,” the statement said. The DSI said Thailand is a known hub […]
UN Call
December 11, 2009 (AFP) – A top United Nations envoy asked Sri Lanka on Friday to release detained Tamil Tiger child soldiers and urged the authorities to re-unite them with their families.The government allowed tens of thousands of civilians held in the IDP camps to go in and out freely from December 1, but aid […]
Sri Lanka Tiger leaders killed in cold blood: ex-army chief
December 13, 2009 (AFP) – Sri Lankan troops shot dead surrendering Tamil Tiger leaders on the orders of the defence secretary, the former army chief who is now running for president said on Sunday.General Sarath Fonseka said Gotabhaya Rajapakse — the brother of the current president — instructed field commanders not to take prisoners in […]
Aicraft with arms was to re-fuel in Sri Lanka: Thai PM
BANGKOK, December 13, 2009 (AFP) – Thai authorities will bring charges against five men from eastern Europe detained in Bangkok with a plane full of North Korean weapons, premier Abhisit Vejjajiva said Sunday. “They committed two crimes, firstly they gave false information about their cargo, and secondly that cargo was found to be weapons,” he […]
Yuvraj leads India to record win over Sri Lanka
MOHALI, December 12, 2009 (AFP) – Yuvraj Singh took 3-23 and smashed an unbeaten 60 off 25 balls on his 28th birthday as India defeated Sri Lanka by six wickets on Saturday to draw the two-match Twenty20 series 1-1. India, who lost the first match in Nagpur on Wednesday by 29 runs, chased down Sri […]
Rating Trend
Dec 11, 2009 (LBO) – Fitch Ratings Lanka confirmed the long-term rating of BB+(lka) and a stable outlook for Trade Finance and Investments (TFI) Limited, a firm specializing in three wheeler vehicle finance. Provision coverage for NPLs was 21 percent at end of the first half 2010 on account of 75 percent of NPLs falling […]
VW starts production of first Indian-made Polo
NEW DELHI, December 12, 2009 (AFP) – Volkswagen, Europe’s biggest carmaker, began production of its popular mass-market Polo hatchback in India on Saturday and said it aimed to grab up to 10 percent of the rapidly growing market. But the Polo is seen by analysts as a key model for Volkswagen to penetrate the market […]
Sri Lanka in push for solar energy
Dec 12, 2009 (LBO) – Sri Lanka’s renewable energy promotion agency is in a new drive to push larger solar power plants connected to the national grid in Sri Lanka though the technology is still relatively expensive.In rural Sri Lanka small off-grid plants are being sold by a number of private firms and solar hot […]
Sri Lankan shares dip 0.11-pct on retail profit taking
Dec 11, 2009 (LBO) – Sri Lankan stocks closed down Friday as retail investors took profits from gains made during the week, while volumes dropped owing to lack of foreign participation, brokers said. The All Share Price Index closed at 3,056.64 down 0.11 percent (3.37 points) while the Milanka Price Index of more liquid stocks […]
Box Move
Dec 11, 2009 (LBO) – Sri Lanka’s Colombo port stands to gain more container transhipment business with Maersk, the world biggest container shipping line by volume, deciding to stop direct calls at Chennai, officials said.Maersk Lines’ parent A P Moller-Maersk has reported a loss of 778 million dollars for the first nine months of the […]
Rate Rap
Dec 11, 2009 (LBO) – Sri Lanka’s Central Bank has asked banks to sharply reduce interest rates charged on credit cards, saying they had enough room to do so as interest rates in general had fallen.The Central Bank said in November that Treasury bill yields have fallen 947 to 950 basis points at primary auctions […]
Offshore Edge
Dec 11, 2009 (LBO) – Sri Lankan, which is trying to attract more information technology outsource business, said a recent survey shows an increasing number of British small and medium enterprises (SMEs) are considering outsourcing work. One in five British SMEs are considering offshoring in 2010 as they seek to reduce labour costs to enable […]