Word: colombos
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...Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director...
...perception and reaction, planned to meet me in Sri Lanka on July 10 to carry out field trials. I had informed the defense attaché of the Sri Lankan embassy in Washington, D.C., about this transfer and had requested him to inform the customs at the airport in Colombo and the Ministry of Defense to avoid delays. Both the defense attaché and the Sri Lankan ambassador promised to extend their full support...
...planned, I landed in Colombo with my wife, two kids, and our luggage. To my astonishment, the customs had no clue about my transporting the robot to Sri Lanka. They decided to detain it in the airport and ordered me to bring a special letter from the Ministry of Defense to reclaim the box. They also told me to bring along enough Sri Lankan money to pay a fine and tax. I agreed to the fine but questioned why I should pay tax on a university prototype with no commercial value. Based on arbitrary criteria, one officer estimated a value...
...years, Madhu, some 185 miles (300 km) from the capital of Colombo, remained well within the battlegrounds of the civil war between the predominantly Sinhalese government and the separatist Tamil Tigers. It was not until April 2008 that the military gained full control of the shrine; the Tigers, who demanded a separate state for ethnic Tamils on the island nation, were finally crushed in May 2009. (See pictures from inside Sri Lanka's rebel-held territory...
...with reporting by Amantha Perera / Colombo...