Feb 15, 2010 (LBO) – Sri Lanka’s budget deficit has hit an estimated 8.5 percent of gross domestic product (GDP) in the first ten months of the year, despite a recovFeb 15, 2010 (LBO) – Sri Lanka’s budget deficit has hit an estimated 8.5 percent of gross domestic product (GDP) in the first ten months [...]
Archive for February, 2010
Sri Lanka budget deficit hit 8.5-pct of GDP for 10-months
Posted in Economy on February 16, 2010 | Leave a Comment »
Toyota to announce Prius recall this week
Posted in Automotive on February 8, 2010 | Leave a Comment »
TOKYO, February 7, 2010 (AFP) – Toyota will recall 300,000 Prius hybrid vehicles because of brake flaws, newspapers reported Sunday, in the latest blow to the Japanese car giant reeling from safety woes that have sullied its reputation. The move will affect the latest model of the Prius, a car beloved of Hollywood stars and [...]
History comes full circle as Swiss bank secrecy shudders
Posted in Banking, General on February 8, 2010 | Leave a Comment »
GENEVA, February 7, 2010 (AFP) – After relentless international pressure on Swiss banking secrecy, history came full circle last week when Germany decided to use stolen bank data to corner taxpayers with money hidden in Switzerland. Weary Swiss bankers tried to contain another onslaught that shook the remnants of the lucrative wall of secrecy they [...]
Prerequisites for making Sri Lanka a hub
Posted in Telco on February 8, 2010 | Leave a Comment »
Feb 08, 2010 (LBO) – Sri Lanka is to become a “Naval, Aviation, Commercial, Energy and Knowledge hub.” What can telecom contribute to the achievement of this vision? If the five-fold hub is to be realized, telecom connectivity with the world and within the country is vital. For all five aspects, cheap, plentiful and high [...]
Maldives in privatization drive to up efficiency, fix finances: IMF
Posted in Economy on February 2, 2010 | Leave a Comment »
The Indian Ocean archipelago of Maldives will privatize its airport but could also sell down other state enterprises and bring private capital to a domestic bank, the International Monetary Fund has said. “A central plank will be the privatization of the airport, but stakes in the telecommunications company have already been sold and other enterprises [...]
Sri Lanka’s oldest company to invest overseas
Posted in Business on February 2, 2010 | Leave a Comment »
Feb 01, 2010 (LBO) – Sriyan De Silva Wijeratne, country manager of Microsoft Sri Lanka has been elected a board representative of Youth Business International, a UK-based charity, its partner organization in Colombo said. De Silva Wijerantne is a founder trustee of Youth Business Sri Lanka which is affiliated to the Ceylon Chamber of Commerce, [...]
