Category:
Sri Lanka rupee gains on the greenback; intra day peak of 108.70
Dec 05, 2007 (LBO) – Sri Lanka rupee rose sharply against the greenback in spot trade Wednesday on the back of foreign purchases of rupee bonds, dealers said.The rupee hit an intra-day high of 108.70/80 against the greenback in late afternoon trading until state names which usually represent the monetary authority started to buy into […]
Regional Finance
Dec 05, 2007 (LBO) – Sri Lanka’s Sampath Bank is looking to lend more money in the Maldives with 45 million dollars raised through a syndicated loan arranged by HSBC Bank, officials said. . “We already have a portfolio of about two million dollars in the Maldives,” Samapath Bank chief Anil Amarasuriya said. The bank […]
Mobile Expansion
Dec 05, 2007 (LBO) – Mobitel, a celco owned by fixed operator Sri Lanka Telecom launched its third generation network in the island, saying its existing service was growing so fast it was struggling to meet demand. Studies have shown that household internet penetration to be around one percent, and most connectivity is concentrated in […]
Teen stars earn millions: US survey
LOS ANGELES, Dec 4, 2007 (AFP) – Teenage actors and singers such as 15-year-old “Hannah Montana” starlet Miley Cyrus are among the most highly paid young stars on the planet with annual income worth millions of dollars, Forbes magazine revealed Tuesday. Cyrus, daughter of the country singer Billy Ray Cyrus, recently shot to stardom in […]
‘s central bank leaves interest rates on hold
SYDNEY, Dec 5, 2007 (AFP) – Australia’s central bank left interest rates on hold at an 11-year high of 6.75 percent Wednesday, while warning that it remained concerned about inflationary pressures. The decision by the Reserve Bank of Australia had been widely anticipated by economists, who believed the bank was likely to take the view […]
‘s Murali put in the dock by Aussie media
Dec 05, 2007 (LBO) – Australia’s Herald Sun newspaper has launched a poll on whether Sri Lanka’s star bowler, Muttiah Muralitharan who this week became the world’s highest Test wicket taker, is a chucker or not. . Click here to go to Murali’s Poll. The paper has announced a poll asking ‘Is Murali’s action legal?’. […]
‘s Murali magic downs valiant England
KANDY, Sri Lanka, Dec 5, 2007 (AFP) – Muttiah Muralitharan bowled two magical deliveries when it mattered most to hand Sri Lanka an 88-run win over a fighting England in the first Test here on Wednesday.The off-spinner, who became Test cricket’s most successful bowler in the first innings, got out Matt Prior and Ian Bell […]
Sri Lanka bus blast kills 15: Police
Dec 5, 2007 (AFP) – At least 15 passengers were killed and 38 wounded Wednesday in a roadside bomb attack on a crowded bus carrying civilians in Sri Lanka’s north-central region, police said. Security forces rushed to the area following the attack carried out by suspected Tamil Tiger rebels under the cover of darkness, a […]
Counter Measures
Dec 04, 2007 (LBO) – Sri Lanka is aware of a campaign to block the renewal of trade concessions for apparel exports into the European Union and the government is taking counter measures, a minister said. “Human rights is just a football in that whole game.” “We’re very well aware of the campaign and the […]
M-Waste
Dec 04, 2007 (LBO) – Sri Lanka’s top celco Dialog Telekom wants to collect a million old phones and recycle them in the next two years in an initiative that will keep dangerous heavy metals from contaminating the environment, officials said. Phone batteries for example have heavy metals such a lead, nickel and cadmium. Dialog […]
Digital Learning
Dec 04, 2007 (LBO) – A Sri Lankan e-learning initiative for rural students is seeking corporate sector support to expand and cover 400 computer centers around the island, its designers said. The Shilpa Sayura project initiated by eFusion, a local software company, is a learning tool for rural students who do not have the necessary […]
EU, IMF see darker outlook for eurozone growth in 2008
BRUSSELS, Dec 3, 2007 (AFP) – Growth in the 13 nations sharing the euro is expected to be weaker than expected only several months ago, according to the European Commission and the International Monetary Fund on Monday.The head of the IMF’s European department, Michael Deppler, painted a darker outlook for the eurozone in a presentation […]