All Blogs
‘s political gun culture to be checked
Oct 13, 2011 (LBO) – Sri Lanka’s President Mahinda Rajapaksa said firearms kept by private ‘guards’ of politicians will be recovered in a special operation starting Thursday, in the wake of a deadly clash among rival factions of his party. “A special operation aimed at disarming them has been launched from today by the police […]
British defence minister denies burglary cover-up
LONDON, October 12, 2011 (AFP) – British defence minister Liam Fox rejected calls to resign Wednesday over his links to the best man at his wedding, while facing fresh trouble over claims of a cover-up over a burglary at his house. Fox has been under pressure for days over his former flatmate Adam Werritty, who […]
Sri Lanka Treasuries flat, low acceptances
Oct 12, 2011 (LBO) – Sri Lanka’s Treasuries yield were flat at Wednesday’s auction though only bids of 48 percent of the volume offered were accepted from the market, data released by the state debt office showed. Sri Lanka’s rupee had been under pressure in recent months and the Central Bank has increased its Treasuries […]
Sri Lanka stocks end down almost one percent
Oct 12, 2011 (LBO) – Sri Lankan stocks fell almost one percent Wednesday and turnover was also lower than usual with sharp falls in some shares that had risen sharply in recent weeks, brokers said. The main All Share Price Index fell 0.97 percent (64.81 points) to 6,604.23, while the more liquid Milanka index fell […]
Sri Lanka leisure group in training venture
Oct 12, 2011 (LBO) – Sri Lanka’s John Keells Holdings has tied up with local and foreign training outfits to train staff for its hotels after the end of a war led to a boom in arrivals. The group has tied up with the Emirates Academy of Hospitality Management based in Dubai and is also […]
Sri Lanka wind farm buys more Indian turbines
Oct 12, 2011 (LBO) – Suzlon Energy Limited of India said Sri Lanka’s Senok group has ordered 10 wind turbines of 2.1 MegaWatts each, to expand is wind farms. Suzlon had earlier sold turbines of 10MW to Senok which has built a wind farm in Puttalam in North Western Sri Lanka. “This new order underlines […]
Vietnam President to ink economic, defence deals on Sri Lanka visit
Oct 12, 2011 (LBO) – Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral accords being concluded, Sri Lanka’s foreign ministry said. On Friday Sri Lanka President Rajapaksa will hold bilateral discussions with the Vietnamese President to explore opportunities to strengthen relations promote co-operation. […]
Sri Lanka urban agency to offer land in former war-zones
Oct 12, 2011 (LBO) – Sri Lanka’s Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for commercial development, director general Rohan Fernando said. “Now we are making arrangements to provide lands from Mankulam, Kilinochchi and Jaffna,” he told a forum on property development at the Central […]
Managing Risk
Oct 11, 2011 (LBO) – Sri Lanka’s Central Bank has issued directions to banks on an integrated risk management framework that will be effective in six months’ time. The guidelines are in addition to the risk management principles and rules required in regulatory and supervisory procedures and other market best practices of banks’ risk management, […]
” of dirty tricks
MANILA, October 10, 2011 (AFP) – The World Health Organization’s chief on Monday urged governments to unite against “big tobacco”, as she accused the industry of dirty tricks, bullying and immorality in its quest to keep people smoking. This covers an area with a population of 1.6 billion people, including China, Australia, Japan, South Korea, […]