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Security cameras may yet yield new clues to Woolmer murder: police
KINGSTON, March 28, 2007 (AFP) – Detectives probing the murder of Pakistan cricket coach Bob Woolmer said Wednesday that better-than-anticipated security video footage could provide vital clues in the hunt for his killer. A painstaking operation to transfer hours of footage from well-worn VHS tape into a digital format has been completed, and early results […]
India steps up security along southern coast after Tiger air raid
CHENNAI, India, March 29, 2007 (AFP) – India has boosted military security along its southern coast after Sri Lanka’s Tamil Tiger rebels staged their first air attack on a Colombo military base, officials said.The measures include increased navy patrols in the narrow strip of sea dividing India and Sri Lanka and the installation of radar […]
Sri Lanka grows by a blistering 7.7 percent in 2006
March 29, 2007 (LBO) – Sri Lanka grew by a blistering 7.7 percent in 2006, which is the highest on record, the country’s statistics office said Thursday. The Department of Census and Statistics said agriculture grew by 6.1 percent, industry by 8.4 percent and services by 7.8 percent. “We are encouraged to see that all […]
Sri Lanka money rates fall from record highs
March 27, 2007 (LBO) – The inter-bank call market call rates eased to 35 percent Wednesday, a day after rates hit a record 50 percent, dealer said. “Liquidity is a little bit tight but over the next couple of days might money ease,†a dealer said. The Central Bank is expected to inject cash on […]
Fuel Mix
March 28, 2007 (LBO) – Sri Lankan Airlines said Wednesday it will incorporate the fuel surcharge into air fares from April 01, effectively raising ticket prices and ending the possibility of lifting the charge if oil prices fall. The airline will implement this change to most destinations with a few exceptions, due to regulatory issues,†[…]
Carbon Lag
March 27, 2007 (LBO) – Sri Lanka is still far behind neighbouring countries in carbon trading which has the potential to earn much foreign exchange, experts said. The island can plant indigenous forests and develop alternatives to carbon emitting energy sources to do carbon trading which is still not being used to its fullest extent, […]
Speedy Trades
March 28, 2007 (LBO) – The latest version of its securities trading system can execute more trades ten times faster than the previous one, software maker MillenniumIT said. The company is headquartered in Sri Lanka with offices in Boston, New Jersey, London, and Mumbai. The new version of the Millennium Exchange released this month has […]
’s top apparel exporter slot filled by Brandix
March 28, 2007 (LBO) – The Brandix group has been named the top apparel exporter by Sri Lanka’s export promotion agency, the company said Wednesday. It makes casual bottoms, intimate and active wear, textiles, knitted fabrics, sewing and embroidery thread, accessories and hangers, and offers wet processing and finishing and fabric printing. Brandix said it […]
Pakistan not ruled out of Woolmer murder probe: police
KINGSTON, March 27, 2007 (AFP) – Detectives investigating the murder of cricket coach Bob Woolmer on Tuesday denied claims that Pakistan’s squad had been ruled out of the inquiry as potential suspects. Deputy Police Commissioner Mark Shields said comments made by Pakistan spokesman Pervez Mir that detectives had cleared team members of any involvement in […]
In-form Sri Lanka gun for South Africa
GEORGETOWN, Guyana, March 27, 2007 (AFP) – Sri Lanka coach Tom Moody expects his team to maintain consistency as they prepare to earn vital points against South Africa in a World Cup Super Eights clash here on Wednesday. “A win tomorrow will put us in a strong position because South Africa are not going to […]
Choices: Fixed or mobile?
March 28, 2007 (LBO) – It seems like a no-brainer: A mobile phone is better than a fixed phone, especially in Sri Lanka. The costs of getting a connection are lower: a new phone and SIM can cost as little as LKR 4,000, while SLTL charges around LKR 20,000 for a fixed connection and its competitors […]
South Asia summit to focus on Sri Lanka, regional unrest
NEW DELHI, March 28, 2007 (AFP) – India voiced concern on Wednesday over the first-ever air raid staged by Tamil Tiger rebels and said that next week’s regional summit would focus on escalating violence in Sri Lanka. “We have made it clear to everyone that we are very concerned at the escalated violence in Sri […]