Category:
Free Visa
Oct 24, 2007 (LBO) – The United States government Wednesday urged Sri Lankans wishing to migrate to America to be vigilant of US Green Card resident visa scams. Some travel daily from Mexico to US while others settle down. The US government is unable to prosecute persons connected to bogus US Green Card web sites […]
Real Estate
Oct 24, 2007 (LBO) – Sri Lanka’s Property Development Ltd (PDL) has reported net profit for the third quarter ended September 30, 2007 rose 26 percent to 49 million rupees year-on-year. Revenue was static at 76.3 million rupees and the company benefited from a sharp rise in other operating income, mainly interest income, which rose […]
Cash Call
Oct 24, 2007 (LBO) – Sri Lanka’s biggest mobile phone operator, Dialog Telekom, announced Wednesday it had struck a deal with investors to raise five billion rupees through a privately placed preference share issue. The proceeds of the Preference Share Issue amounting up to Rs. 5.0 billion will partially finance the Dialog Group’s capital expenditure […]
Unlicensed
Oct 24, 2007 (LBO) – The United States has said it is concerned over the widespread piracy of software in Sri Lanka, which recent surveys show is as high as 90 percent. “We share the industry’s concern regarding extensive software piracy in Sri Lanka,” said James R. Moore, Chargé d’Affaires of the U.S. Embassy in […]
Nissan unveils new GT-R supercar
CHIBA, Japan, Oct 24, 2007 (AFP) – Nissan took the wraps off its all-new GT-R supercar Wednesday, betting that there’s still a market for muscle machines despite soaring petrol prices.The high-performance sports car — the successor to Nissan’s iconic Skyline GT-R — will eventually go on sale worldwide, beginning with Japan in December. Prices start […]
Business travel costs surging on high fuel costs, demand: survey
NEW YORK, Oct 23, 2007 (AFP) – Business travel costs around the world are expected to see a big surge in 2008 with air fares pushed up by rising fuel prices and hotels rates squeezed by growing demands, a survey showed Tuesday.The American Express Global Business Travel Forecast said hotel rates are especially pressured in […]
Oil prices fall for third straight day in Asia
SINGAPORE, Oct 24, 2007 (AFP) – World oil prices fell for the third straight day in Asia on Wednesday, pulling back further from record highs reached last week.Dealers said worries about slowing economic growth have pushed aside fears about tensions between Turkey and Kurdish rebels in northern Iraq, which helped push prices sky-high last week. […]
Sri Lanka captain to play for Derbyshire
Oct 24, 2007 (AFP) – Sri Lanka captain Mahela Jayawardene will play English county cricket for Derbyshire next year, the county’s official website said on Wednesday.“I knew that he was the right player after I had spoken to him and I could tell that he has the desire to play county cricket and contribute both […]
Sri Lanka says war plan going ahead despite air force debacle
Oct 24, 2007 (AFP) – Sri Lanka’s top defence official vowed Wednesday to push ahead with operations against the Tamil Tiger rebels, who launched a devastating attack on a key air force base earlier this week.Defence Secretary Gotabhaya Rajapakse told the government’s main website that the deadly raid by the Liberation Tigers of Tamil Eelam […]
The bizarre battle between IMF, well-meaning charities like Oxfam and poverty
WASHINGTON, Oct 24, 2007 (LBO) – At this year’s annual meeting of the International Monetary Fund and the largest lender to poor countries, the World Bank, there were no high profile protests by charities and lobby groups. Deficit-happy charities would have plenty of work to do then, helping out a new set of freshly created […]
Sri Lanka tourism arrivals down 21 percent
Oct 23, 2007 (AFP) – Sri Lanka on Tuesday reported a sharp 21 percent drop in holidaymakers visiting the island, a day after Tamil Tigers launched a major suicide attack against a key military base. Tourist arrivals during the month of September slipped 3.6 percent to 37,104 compared to the same period in 2006. The […]
‘s Talawakelle Tea Estates profits nose dive
Oct 23, 2007 (LBO) –Hayleys subsidiary Talawakelle Tea Estates has reported a sharp fall in profits up to September this year as it struggles to recover from the effects of a strike which crippled production late last year and bad weather. Production fell even after the strike as estates were forced to prune and discard […]