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Sri Lanka shares end up 0.4-pct
June 03, 2011 (LBO) – Sri Lankan shares ended higher after four days of falls with trade dominated once again by Colombo Land & Development Company, brokers said. The main All Share Price Index closed at 7,406.02, up 0.41 percent (30.12 points) while the more liquid Milanka index rose 0.11 percent (7.43 points) to close […]
Cinema Expansion
June 03, 2011 (LBO) – CT Land Development, owners of the Majestic City shopping mall in Sri Lanka’s capital Colombo is building three cinemas on its fifth floor which is now vacant, chairman R Selvaskandan has said. Income tax saw a reversal of 25 million rupees compared to a charge of 46 million rupees a […]
India opens new probe into possible telecom scam
NEW DELHI, June 2, 2011 (AFP) – India, reeling from a telecom graft scandal that has forced the resignation of one minister, is conducting an investigation into the actions of his predecessor in the job, police said Thursday. India’s top federal police agency said it was conducting a “preliminary investigation” into the activities of former […]
” war crime claims
June 2, 2011 (AFP) – Sri Lanka’s top military commander offered on Thursday to probe “specific allegations” of war crimes during the country’s fight against Tamil Tiger separatists that ended two years ago. Lieutenant General Jagath Jayasuriya said no civilians were killed by his forces, but he was open to investigating alleged rights abuses in […]
Sri Lanka monks join anti-pension protests
June 3, 2011 (AFP) – Hundreds of Buddhist monks took to the streets of Sri Lanka’s capital Friday to express solidarity with factory workers protesting a controversial pensions bill. The legislation sparked clashes with police on Monday in which a factory worker was fatally shot and more than 150 were wounded. Saffron-robed clergy marched to […]
Sri Lanka judicial independence seen weakening
June 03, 2011 (LBO) – The International Bar Association’s human rights arm said it was concerned over what it called “the increasing erosion of judicial independence in Sri Lanka.” The association’s Human Rights Institute (IBAHRI) said recent and planned changes to the island’s constitution could undermine the independence of the judiciary. The International Bar Association’s […]
Sri Lanka deploys troops at free-trade zone
June 3, 2011 (AFP) – Sri Lanka deployed heavily-armed troops around the country’s main free-trade zone on Friday as tension mounted ahead of the weekend funeral of a factory worker shot dead by police, officials said. Soldiers were placed in the Katunayake zone, just next to the country’s only international airport where a range of […]
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June 03, 2011 (LBO) – Sri Lanka spent 5. 5 billion US dollars in its military campaign which crushed Tamil Tiger separatists, far less than what foreign powers spent on their current wars, central bank governor Nivard Cabraal said. “It was a vital investment not an expenditure like what many people would think it is,” […]
Sri Lanka central bank to restore second historic building
June 02, 2011 (LBO) – Sri Lanka’s central bank which has restored a historic building in Colombo city’s old quarter which features colonial era architecture will begin work on a second building that it has bought, a top official said. The central bank officially opened ‘Lloyds Building’ in Sir Baron Jayetilleke Mawatha in Colombo’s Fort […]
Sri Lanka shares end down 0.2-pct
June 02, 2011 (LBO) – Sri Lankan shares ended weaker Thursday with heavy trading in property firm Colombo Land & Development Company, which got a new board of directors and was the day’s highest gainer, brokers said. The main All Share Price Index closed at 7,375.90, down 0.15 percent (11.25 points) while the more liquid […]