Networks' broadband dialogue Limited (DBN), a wholly owned subsidiary of Sri Lanka leading mobile service provider Dialog Axiata PLC yesterday entered into an Agreement for Purchase of Shares (SPA) to acquire 100 percent of the shares of the fixed-line wireless Suntel Ltd of its current shareholders.
The final implementation of the acquisition will satisfy the conditions precedent to the operation defined in the SPA.
The successful consummation of the transaction during the course of the coming months is expected to bring to the merger of operations and Suntel DBN and the creation of a new entity, providing advanced line and fixed broadband services to Sri Lanka to consumers.
Suntel began operating in 1996 and currently is a subsidiary of Swedish telecom operator Telecom AB abroad. Other shareholders include Suntel NDB (National Development Bank PLC), C-Tech Investments (Private) Ltd, Kelmarsh Investments Ltd., Townsend Limited and International Finance Corporation (IFC). "The telecommunications sector in Sri Lanka after 15 years of solid growth is requesting the consolidation," said Jeremy Huxtable, Managing Director of Suntel. "Suntel is committed to providing a superior service to our loyal customer base, and today we are at a point in our evolution where investments optimistic and forward thinking are needed to increase our broadband infrastructure to best in class standards . "
"I think the industry consolidation that crystallizes the economies of scale and brings together the shared effort and investment capacity of the leading players in the industry is an optimal strategy to provide value to consumers and industry in general in the future. The agreement came into our DBN shareholders paves the way for a renewed investment in Sri Lanka fixed telecommunications and broadband sector which I think will be beneficial to all concerned. "Suntel fixed telecommunications infrastructure is based on a 382-base station network to deliver strong fixed voice, broadband and data communications services using CDMA, WiMAX and other fixed wireless technologies.
The share purchase agreement signed between DBN and the shareholders of Suntel provides that the transaction is completed in an EV (Enterprise Value) in the range of U.S. U.S. $ 33.9 m $ 34.9 m, which corresponds to a valuation multiple of 3.0 x 3.1 x EBITDA for FY10, depending on the outcome of the confirmation business valuation and due diligence during the period prior to the completion of the transaction . President of the broadband networks of dialogue and CEO of Group PLC dialogue Dr. Hans Wijayasuriya Axiata Commenting on the transaction, he said, "We are privileged to have had the opportunity to combine with Suntel through this initiative beachhead industry consolidation. In the future, the combined forces of DBN and Suntel is synergised towards establishing a better platform for the kind of infrastructure to supply high quality telecommunications and fixed broadband services, which are expansive in its availability, and inclusive in terms of accessibility to the citizens of Sri Lanka . "
The negative publicity has caused the public to lose confidence in the Colombo Stock Exchange. We, the Colombo Brokers Association (CSBA) want to state categorically that we are unequivocally committed to the development of capital markets, while appreciating a balanced approach to market regulation.
In this regard, we very much welcome a consultative approach through which could be a majority consensus obtained before the introduction of new regulations for the market, the association said.
In the recent past, the CSBA has seriously sought some changes in policies for development strategies in the equities market and stay in line with the overall macroeconomic objectives set by the government in the post war in Sri Lanka .
Towards achieving this goal, we went through a series of meetings that began with the Management Board and SSC, the Securities and Exchange Commission (SEC) and finally with the President, Mahinda Rajapaksa, who gave the CSBA's opportunity to place their proposals for consideration. All 28 registered shares of brokerage firms were invited CSE individually to attend the meeting with the President, and attended 22 of them.
We would point out that the granting of credit is a basic need in any industry and all brokerage firms in almost all countries offer margin trading facilities directly or through related companies. Our proposals were presented as an action plan to boost the participation of investors and restore confidence in the Colombo Stock Exchange. The Association would like to reiterate that we fully support the regulations and the measures taken against the wicked, and would shortly adopt a code of ethics to ensure that all members follow the rules and regulations in line with best international practices, the association said .
The CSBA has been in existence since 1995 and our members have played an active role in the Colombo Stock Exchange (CSE) and have always acted in the best interest of market development File Sri Lanka. (SJ)
LONDON, Dec 13 (Reuters) - Understanding the growing scientific workings of the brain in the future may change the way criminals are viewed by the law, but British experts advise extreme caution for the moment on the use of lie detector tests, brain scans and genetic data in the courts.
In a report released Tuesday by the national authorities in the UK, Science Academy, the Royal Society, scientists and lawyers looked at the scope of neuroscientific evidence to "read minds" in an attempt to find the truth or to explain why a person acted in a particularly violent or sadistic manner.
He claims that murderers can be identified by imaging studies of their brains before committing the crime, or that a gene for psychopathy or violent behavior, are "completely far from reality," they said.
But they do suggest that neuroimaging and genetics of behavior, along with existing techniques in the future can be used as part of risk assessments to determine how long someone sentence to serve, or if an inmate should receive parole.
"No question in neuroscience provides some startling revelations about human behavior, but we can not get ahead of us," said Nicholas Mackintosh, professor of experimental psychology at Cambridge University in Britain , who chaired a panel of the Royal Society for on the subject.
"Understanding how the brain gives us an idea of the mental processes underlying human behavior, and how the law relates primarily to regulate people's behavior makes sense that they can influence others at some point in the future . "
At a briefing on the report, Mackintosh said a growing number of defense lawyers in the United States and other countries were beginning to use neuroscientific evidence in criminal cases, particularly in cases of murder and other violent crimes .
BRAIN psychopath
Roger Brownsword Law School King's College London, who worked on the report, said that the admissibility of such evidence should be properly analyzed and lawyers, judges and experts that should explain in detail their strengths and weaknesses.
"It is clear that some neuroscientific evidence could be very disruptive in court," he told the press conference. "The jury could easily be influenced by this. ... So the threshold of admissibility has to be pretty high."
British scientists published a study in 2009 found that psychopaths who had committed serious crimes such as murder and rape had faulty connections in the brain that appear in the functional magnetic resonance imaging (fMRI) scans.
"To the extent that neuroimaging data suggest that differences in the brains of psychopaths ....( we ask) that brain imaging may be useful?" Said Mackintosh. "The answer is that we have no idea because it has not done the research, but is at least something worth thinking about."
However, he stressed that "having a psychopathic brain is not a general defense against any criminal charge, and that's because it has absolutely force you to behave in a criminal ... simply increases the probability."
Functional neuroimaging experiments with students have also shown differences in brain activity when they are told the truth and when they lie, Mackintosh panel said in its report.
However, experts warned that the use of functional magnetic resonance imaging in defense of suspects in serious crimes, or to detect lies between the defendants or witnesses, is fraught with difficulties - including the fact that people can quite easily be taught to beat the lie detectors.
More than 500,000 candidates are sitting the GCE Ordinary Level examination which began in 3920 centers yesterday. The first document was religion.
According to Examinations Department sources, 385,000 and 146,000 private school candidates sitting the examination candidates this year. Department officials said they have issued guidelines and instructions for the test center is aimed at preventing irregularities.
Meanwhile, 62 former leaders of the LTTE, rehabilitated by the government, submitted for consideration at the Central University of Tamil in Vavuniya yesterday.
Meanwhile, the Ministry of Rehabilitation Secretary Dissanayake told the Daily News that 77 students in rehabilitation centers and more than 20 people in prison Welikada sit O / L examination this year.
The review ends on December 21
Before killing himself, U.S. Bart Heller Indiana man killed two innocent people. To ensure that the authorities find the bodies, Bart Heller posted on his Facebook account the following message: "Somebody call 911. There are three bodies at the following address, 3229 Lima Road Fort Wayne Indiana . I killed Ryann, Erin and me. people were warned not to play and **** me ruin me. listen.sorry not on their fate. "(scroll down to Bart Heller suicide, the death message posted on Facebook)
The terrible message was seen by a friend to man, on Facebook, who alerted the police. Security forces arrived in 20 minutes in the direction indicated in the message, but unfortunately no one was saved.
The victims were Bart's ex-girlfriend and a fellow of the girl who happened to be in your home.
The social network Facebook subsequently deleted the message sent by Bart.
At least two people were killed and 47 injured (including a child), on Tuesday in the center of Liege (Belgium southeast), when four men allegedly fired shots and threw explosive devices and grenades, announces the Belgian media.
An initial assessment revealed a dead, suspect that a person who threw the grenade, and ten wounded. However, the number of injured victims raised. Liege police confirmed the incident.
Clutter is chaotic and there are conflicting reports about the exact number of attackers.
According to preliminary information provided by witnesses, a man about 40 years, would have thrown a grenade into the courthouse. Some other explosive attack after being thrown into a bus stop at the Place Saint-Lambert. Many people found that there were four explosions.
Shots were also heard when a guy seems to handle a Kalashnikov gun fired on a bus.
The news agencies of Belgium stated that the attacks took place in the Place Saint-Lambert, the main square of Liege , where the courthouse, near a busy Christmas market.
It was reported that police arrested a second attacker, while a third is still battling security forces. The fourth gunman allegedly escaped from the place of attack.
Move house and he was one of the basic needs of man living in a strange and beautiful views of the houses that we have a wonderful lunch for everyone to see.
They are known to be ruthless murderers. But this scene shows polar bears, even attack and eat their own kind, even if it is a helpless puppy.
Photographer Jenny Ross captured the striking images and at first thought the bear was eating a seal when approached by boat.
There was another polar bear near, and Ross thinks that could have been the mother of the puppy.
Surprisingly, this behavior is becoming more common among bears, according to a study by Ross.
"As soon as the adult male noticed a boat coming toward him, he basically came to attention - He straddled the young bear's body, to reassert control over it and pass" this is my food, "said Ross.
"He then took the note in its jaws and simply using the power of your jaw and neck, carried on an ice floe to another. And finally, when I was at a considerable distance, stopped and fed the bodies.
It has been known that polar bears are killed - and sometimes eat - their own kind for some time. However, the behavior seems to be increasing.
Ross research is published in an article in the journal Arctic, "During the disintegration and melting in the summer, the area of sea ice in the archipelago of Svalbard is denied at a fraction of all winter, and in many areas disappears completely. "
"As the area of sea ice that polar bears can be used in the reduction of hunting, the seals become less accessible to bears, and therefore bears reduces the hunting success probably."
"Therefore, at this time of year, young polar bears may represent a potential food source for adult men. As the climate continues to warm in the Arctic sea ice is melting earlier in the summer, the frequency of such intraspecific predation may increase.
As Ross approached, the bear stood up to assert dominance "over the body - and alert the bear of stealing 'food'
"On Earth, they are looking for human garbage and human food, which are beginning to attack the marine birds and their eggs," Ross told the BBC. "None of the other foods can keep."
"Previous to another bear is a way to get food, is probably a relatively easy way for a large adult male. It seems that due to the circumstances of the loss of sea ice - the kind of behavior may become increasingly common."
So, Now we know what the latest euro-crisis summit has to offer. The effort to stabilize the fifth integral euro zone in nineteen months, the last of the gab Brussels festival produced a series of headlines and initiatives. But what really accomplish?
The single currency remains as inconsistent as it was last weekend, so vulnerable to systemic collapse. The region's banks and governments are still heavily indebted.
Eurozone leaders are deluding themselves if they think some diplomatic tape, and a lot of bluster, it can hold together a structure inherently unstable.
Moreover, by using a combination of borrowed and printed money to save liquidity problems for governments, which are insolvent largely because, in turn, are behind the insolvent banks, is to treat the symptoms of the crisis not the cause.
This historical error of politics - the struggle against the results of the problem and not the problem itself - has characterized the West's response to this fiasco of the sub-prime from the beginning, not only in the euro zone, but in the United Kingdom and the USA as well. Situation in Europe is much worse, however, given the constraints imposed by the straitjacket of the single currency.
David Cameron was "veto" and the new situation in the UK as a "pariah of Europe", which won the most attention, at least in the UK press. More importantly, however, in Britain , Europe and the world, is whether these initiatives from Brussels can avoid a "euroquake" - a public nuisance, market-driven breakdown of the monetary union.
Before the summit, the European Central Bank cut its 2012 forecast of euro area GDP growth of 1.3pc to 0.3pc. The refinancing rate was reduced by 25 basis points to 1 unit. The ECB also unleashed a series of "non-standard" measures to support troubled banks in Europe .
Refinancing operations is extended to three years and extended warranty eligibility further, making it easier for banks to borrow from the central bank in the euro area. Reserve ratios were also reduced, the ECB regulations throw caution to the wind, in a bid to get lending banks in the eurozone.
Then were the measures adopted at the Summit itself. Despite the UK 's veto of a EU-wide "fiscal pact", eurozone members will proceed with budget integration, but outside the EU legal framework. A new "Stability of the Union " Member States will adopt a "golden rule" to manage the structural deficit below 0.5pc of GDP. Failure of the countries a 3 pieces of GDP deficit limit will be fined, unless otherwise decided by qualified majority (ie, unless individual governments agreed to let each other out, which of course will).
These measures tired pave the way for "the full fiscal union," he says. However, they are almost identical to the failed "stability and growth pact" that was when it launched the euro, and that both France and Germany soon after failed.
In the end, these rules will always break, because when it comes to something as fundamental as taxes and spending, eurozone governments will always do what their national electorates want, instead of continuing in Brussels . No wonder of it. Western Europe is a collection of sovereign democracies. This is how it should be.
Other announcements include the "rapid deployment" of the € 440bn European Financial Stability Fund to support governments in trouble, such as Greece , Italy and Spain , prevention of "contagion" from spreading throughout the euro zone. However, nobody knows where the € 440bn will come from. Eurocrats recognize this by referring to the EFSF as "leverage." But who will pay money to an entity that has no obvious source of income?
The new European Stability Mechanism apparently has € 500 billion to spend, thus reinforcing the "firewall". However, we must add another acronym to the lexicon of rescue, the ESM will come and "working" July 2012, ahead of schedule. Once again, however, do not know who is spreading the money out. But we do know that Finland and the Netherlands , among others, are outraged France has insisted that the decision to manage all the ESM money over time is no need to be unanimous. The Finnish Parliament has considered this proposal as "unconstitutional."
Another thing we know is that the euro zone has pledged to "pay" the € 200 billion International Monetary Fund through the state banks core members, the IMF can give back to the Member States of the eurozone. This amounts to a circumvention of the law. Eurozone governments can not directly fund bailouts, since its population was indignant and deny national parliaments. But by channeling money through central banks, then "return" through IMF bailout funds can be delivered regardless of such democratic niceties. This is the kind of behavior this deeply immoral Eurocrats as a "break-through".
The euro area faces a looming problem, the acute funding. Member States should pay more than $ 1,100 million debt in 2012, most of it due in the first six months. In addition, European banks, heavily dependent on state largesse, has about $ 665 billion of debt that matures in June next year.
The Brussels summit was an improper combination of bending the law and posture. The coup de grace for me was the agreement of silence to rule out any requirement for private sector holders of dubious euro zone sovereign debt to incur losses. So much for moral hazard.
The fundamental problem is that European banks are still locked out of traditional funding markets, which will depend on the ECB - which, in turn, is increasingly dependent on money secretly printed and Chinese and others in ultimately chip-in. Faced with the freezing of funds, banks are reducing their balances and strangling growth by refusing to pay, a problem of "special measures" the ECB will do nothing to solve.
The use of ECB facilities for emergency loans on Wednesday rose to € 9.4bn, the highest daily total since early March, signaling deep malaise in the banking sector. Anxiety is related mainly to a lack of confidence. Eurozone banks can not raise money, and not even lend to each other because of crippling fears of counterparty risk, as many continue to hide passive massive so-called "special vehicles". Lawmakers, after all, still lack the courage to force them to fully disclose their losses.
This lack of information is the core of the subprime problem. Nobody wants to hear, but true. Last week "stress tests" suggested European banks have a deficit of € 115bn, € 106bn over in October. However, these exams administered by the government lacks credibility. The first round clarified some major Irish banks, which then went bankrupt. The next round of Belgium Dexia gave a clean bill of health just weeks before it collapsed. And now the European authorities want the markets believe that this last year of high risk financial twist.
Nobody knows who is solvent. The trickle of information from the stress tests cause more problems than solutions. This stand-behind retail depositors, require "full disclosure" and drop the cards, forcing our banks to consolidate bombed. This really is the only solution - in the U.S. , the UK and the eurozone. But the failure to capture the eurozone will be much more explosive, given the pressures created by this absurd monetary experiment.
Liam Halligan is chief economist at Prosperity Management Capital.
National Geographic Traveler magazine, the island country's heritage sites, wildlife, lush landscape and beautiful beaches Lauding, world travelers in 2012 among the top six places in the name of Sri Lanka.
Sri Lanka, Traveler in its November / December magazine writes, resplendent island, and marvel at the fact that almost kiss the southeastern tip of India, Indian Ocean, the pear - shaped by the island's natural character marks.
In the hill country of Sri Lanka 's stunning scenery, tea plantations, and ancient Buddhist temples offer. NAT Geography
Heritage sites in Sri Lanka travel magazine and its colonial history also notes: Portuguese and the Dutch system of proxy wars waged here, by 1802 the island was a British colony.
It opens the door to increased tourism, which in 2009 was able to defeat the LTTE against the terrorist group, refers to the successful completion of the recent conflict.
Today peace prevails, said Traveler.
Travel to Sri Lanka in 2009 compared to 52 percent increase in 2010, has grown beautifully. An even larger increase is expected by 2011 in all.
The highest number of tourists in Sri Lanka Tourism Development Authority is expected to reach $ 2.5 million during 2015, a 30,000 hotel - the room has outlined a plan to achieve the capacity. Special attention and tourist-related industries has increased service levels.
More recently, such as Starwood (Sheraton), Marriott, Shangri La and Taj Hotel Chains than that of Sri Lanka announced plans for new construction. Renovation of existing hotel and meeting so many. Sri Lanka will have wide white beach, the mountain vistas, offers visitors a variety of unique locations, elephants, leopards and more, rolling tea gardens, spas, adventure tourism, surfing and wildlife parks teeming ancient UNESCO World Heritage sites. However, in Sri Lanka, where many see a list of a New York Times earlier this year, since 2010 a number of favorable reviews of travel.
National Geographic have also raved about Sri Lanka , its 2010 first missions, and includes many popular tourist sites in Sri Lanka .
If the question is what extra income on the internet site, many of us will give an answer as Google or Facebook. However that is not true. Net income in the Amazon site. Is to expand.
One study conducted by an independent company with the usage information.
Here is a list of companies receiving money from the company's study:
1. Amazon
This site allows you to buy items online. This is an online marketplace for buying items, $ 776.66 per second. The total annual income is $ 24,509,000,000.
2. Google
Google in the Internet world has been in contact evarumilar unknown. Its annual income is $ 23,650,560,000. A second is $ 749.46.
3. Comcast
Earning a third place at this site is on the list. Annual income is $ 8,727,360,000 of this site. Earn an average of $ 276.56 for a second.
4. ebay
In this online shopping site like Amazon, the website will help make the sale. $ 8,727,360,000 for the second year also, it also earns $ 276.56.
5. Yahoo
This is a very popular site on the Internet. Its annual income is $ 6,460,000,000. Second is an average of $ 204.71.
6.Reuters
Home base is $ 3,400,000,000 for the second year in revenue, income and receive $ 107.
7. AOL
$ 99.41 on the second floor, $ 3,137,100,000 in annual income to the policyholder.
8. Expedia
For those who visit this site to be useful. Information on buying tickets several times and thus learn from the aircraft. This site provides an annual income $ 2,937,010,000. Income is $ 93.07 for a second.
9. Paypal
To transfer the money online that everyone knows about this site. To transfer money around the world, this is the most popular and useful site. $ 2,900,000,000 per year, according to the site earn $ 91.90 per second.
10. iTunes
On the tenth position in the list of Apple iTunes site. $ 60.21 for a second income from this site. Apple takes $ 1,900,000,000 for the year of income received through this site.
Favorite Facebook much, and the space 16 in the list. Its annual income is $ 1,000,000,000. $ 31.69 per second.