Category:
Easy Customs
Feb 14 (LBO) – Traders and businessmen could easily navigate through Sri Lanka’s plethora of taxes and customs regulations, through a single searchable database being rolled out for public use in March, officials said. The new database will hold all of the country’s customs regulations, related laws, taxes and other levies as well as preferential […]
Dravid helps India level Sri Lanka series
GOA, India, Feb 14, 2007 (AFP) – Rahul Dravid became the sixth batsman in history to reach 10,000 one-day runs as he steered India to a series-levelling five-wicket win over Sri Lanka on Wednesday. Dilshan and Arnold rebuilt again in the middle overs before Harbhajan had Dilshan caught at the wicket in the 42nd over […]
Five killed as British minister tours Sri Lanka
Feb 14, 2007 (AFP) – Three rebels, a policeman and a security guard were killed in Sri Lanka’s restive eastern province Wednesday as Britain’s junior foreign minister Kim Howells toured projects in the area funded by the former colonial power.Security forces killed three Tiger rebels during clashes across eastern Amapara district which also claimed the […]
‘s visit
Feb 14, 2007 (AFP) – A blast in Sri Lanka’s east hurt 12 people ahead of a visit to the region by Britain’s junior foreign minister Kim Howells on Wednesday to assess projects funded by the former colonial power.More than 60,000 people have been killed in the conflict. A van carrying 15 civilians hit a […]
Hydro Cash
February 14 (LBO) – Sri Lanka’s national power utility has raised the tariff for existing mini-hydro plants by about 19 percent during the crucial wet season, when most of the power is generated. Colombo Stock Exchange has two listed mini-hydro plants, Vallibel Power Eratne and Vidullanka, whose margins are expected to improve with the new […]
IEA raises oil demand forecast for 2007
PARIS, Feb 13, 2007 (AFP) – The International Energy Agency raised its 2007 world oil demand estimates on Tuesday, saying that consumption has dropped in industrialised countries for the first time for two decades but was rising strongly in emerging economies such as China. Demand in countries outside the OECD industrialised nations would be 3.2 […]
Spam Slam
SINGAPORE, Feb 13, 2007 (AFP) – Email spammers will face new controls on their unsolicited advertising under proposed legislation introduced by Singapore. The draft Spam Control Act aims to control the electronic commercial messages sent in bulk by email or to mobile phones, according to the bill seen on Tuesday. It was introduced to parliament […]
” 6.58% inflation
NEW DELHI, Feb 13, 2007 (AFP) – India’s central bank tightened monetary policy on Tuesday for a second time in two weeks to fight surging inflation, announcing a 50-basis-point hike in the cash-reserve ratio requirement for commercial banks. The central bank has been using a variety of tools to fight inflation since it began a […]
Zimbabwe inflation nears 1,600 percent
HARARE, Feb 12, 2007 (AFP) – Zimbabwe’s annual inflation rate, the world’s highest, soared again by more than 300 points to 1,593 percent in January, according to official figures released Monday. The often forcible seizure of white-owned farms which were then doled out to landless blacks often without any skills, tools or experience has been […]
One killed, five injured in Sri Lanka
One killed, five injured in Sri Lanka COLOMBO, Feb 13, 2007 (AFP) – A civilian was gunned down in Sri Lanka’s restive north on Monday, while security forces traded fire with Tamil Tiger rebels elsewhere, the defence ministry said. More than 60,000 people have died in the 35-year-old ethnic conflict.Unidentified gunmen shot dead a Tamil […]
Municipal councilor shot dead
Feb 13, 2007 (LBO) – A member of the Dehiwala-Mount Lavinia municipal council was shot dead by unidentified gunmen Tuesday, police said. United National Party member Ariyaratne Silva had been killed at his office in Attidiya Road. Mt. Lavinia police say a T-56 automatic rifle had been used in the killing. (www.vimasuma.com Newsdesk) .
Oil Pinch
February, 13 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, is poised to grab more market share from the country’s dominant state-owned petroleum distributor and gain from a leaner cost base, an equities research house has said. LIOC shares slid below 30 rupees last year after disputed subsidy claims hit the firm’s […]