Category:
Sri Lanka needs to shake off its welfare state mentality: World Bank
June 26, 2006 (LBO) — Sri Lanka’s economic programmes must be protected from the political uncertainties of delicate coalitions and resolve the ethnic conflict, if it needs to make headway to tackle widespread poverty, the World Bank said Monday. “The more endemic problem is the attitude of entitlements associated with the popular perceptions that Sri […]
Women turning backs on matrilineal society in India’s northeast
SHILLONG, India, June 25, 2006 (AFP) – It’s not that Rosanna Lyngdoh Mawphlang isn’t grateful that under her Khasi tribe’s matrilineal system she, rather than her brothers, will inherit the family’s sprawling 21-roomed home.It’s just that she’s not sure she wants all the responsibility that goes with it. “I know this is a privilege that […]
Norway’s next step is key to Sri Lanka’s faltering peace: analysts
June 25, 2006 (AFP) – A tense calm has settled over Sri Lanka as the government and Tamil Tiger guerrillas await a decision from peace broker Norway that could make or break the fragile truce keeping the island from all-out war, analysts say. Norwegian diplomats who have struggled to bring the two sides together will […]
Company riches to grow on rubber boom, stocks to get re-rated
June 25, 2006 (LBO) – Sri Lankan plantation companies are expected to rake in the riches in the ongoing rubber boom, with analysts expecting stocks to trade at higher multiples than in the past. Crepe is about 35 percent of local production and liquid latex used to make gloves, about 30 percent, most of which is […]
Pressure Points
BANGALORE, India, June 25, 2006 (AFP) – Soaring salaries and poor quality of manpower are prompting foreign firms to shut their outsourcing operations in India although there is no cause for alarm yet, officials and analysts say.US-based Apple Computer and software maker Pervasive have been joined by Powergen, a British subsidiary of German energy supplier […]
Nice Fit?
KUALA LUMPUR, June 25, 2006 (AFP) – Malaysia’s top mobile phone operator Maxis Communications is bidding for Sri Lanka’s fifth mobile operator’s licence along with major firms from Singapore and India, a report said Sunday. The Edge newspaper said the GSM1800 licence would cost Maxis around four million dollars. The other two bidders are Singapore […]
‘s northeast
SHILLONG, India, June 25, 2006 (AFP) – It’s not that Rosanna Lyngdoh Mawphlang isn’t grateful that under her Khasi tribe’s matrilineal system she, rather than her brothers, will inherit the family’s sprawling 21-roomed home.It’s just that she’s not sure she wants all the responsibility that goes with it. “I know this is a privilege that […]
”s faltering peace: analysts
June 25, 2006 (AFP) – A tense calm has settled over Sri Lanka as the government and Tamil Tiger guerrillas await a decision from peace broker Norway that could make or break the fragile truce keeping the island from all-out war, analysts say. Norwegian diplomats who have struggled to bring the two sides together will […]
Indian PM calls for dialogue to solve Sri Lankan conflict
BANGALORE, India, June 24, 2006 (AFP) – Indian Prime Minister Manmohan Singh Saturday urged dialogue and cooperation for solving the ethnic conflict in Sri Lanka that has claimed more than 60,000 lives since 1972. “We are for the unity and integrity of Sri Lanka,” Singh, who was on a visit to this southern IT hub, […]
Sri Lanka hits back at Tigers over truce mission
June 24, 2006 (AFP) – Sri Lanka on Saturday said the Tamil Tigers had laid down a “hostile deadline” after the rebels said European Union (EU) nations should quit the nation’s truce monitoring mission within one month.The rebel demand, made after the EU officially branded the Tigers a terrorist group, would force out 37 of […]
Sonic booms cause panic in Sri Lanka’s capital
June 23, 2006 (AFP) – Sri Lanka’s capital Colombo was thrown into panic Friday after sonic booms caused by jet fighters were mistaken for bomb blasts off the coast, the military and police said.Defence Ministry spokesman Prasad Samarasinghe said Israeli-built Kfir jets were on a training mission and may have broken the sound barrier causing […]
Singer to float debenture to partly retire debt
June 23, 2006 (LBO) – Singer (Sri Lanka) Ltd is raising 600 million rupees in debt through an unlisted, unsecured debenture, the consumer goods retailer said Friday. Operating for over 100-years, Singer’s success largely stems from strong and well established brand name and its extensive islandwide network of outlets. The four-year issue will also carry […]