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Sri Lanka information desk for Japan tsunami
Mar 11, 2011 (LBO) – Sri Lanka’s Ministry of External Affairs said it has set up an information desk to help nationals seek news of relations in Japan in the aftermath of the earthquake and tsunami there. It said in a statement those who cannot get information about their next of kin in Japan following […]
Sri Lanka receive Japanese grant for community development
Mar 11, 2011 (LBO) – The Japanese government handed over an 18 million rupee grant to two community development organizations for development projects in Sri Lanka’s Ratnapura and Trincomalee districts. The Association of Social Activities Development Sri Lanka (ASAD) was the recipient of a 10 million rupee grant for a conflict affected community development project […]
Sri Lanka stocks close 0.5-pct higher
Mar 10, 2011(LBO) – Sri Lankan stocks rose 0. 55 percent Thursday with more retail activity and some selective buying also seen by institutions, brokers said. The All Share Price Index closed at 7,383. 92, up 0.55 percent (40.47 points) while the Milanka Price Index of more liquid stocks closed at 6,879. 24, up 0.47 […]
Spreading Out
Mar 10, 2011 (LBO) – Sri Lanka’s Sampath Bank said it plans to set up 40 branches this year, including some in the former north-east war zone, hire more staff and look for mergers as margins get thinner. Sampath Bank chairman I W Senanayake said they opened 40 new branches in 2010 alone, adding to […]
Banking Rules
Mar 10, 2011 (LBO) – Sri Lanka’s banking regulator is examining bonuses and compensation packages of bankers to see if they are excessive with the aim of limiting them if necessary, a central bank report said. “Directions on integrated risk management and Pillar II of Basel II which relate to additional prudential requirements following the […]
Close Links
OTTAWA, March 9, 2011 (AFP) – An asylum seeker from Sri Lanka has been ordered deported over his links to an extremist Tamil separatist group, Canada’s Immigration and Refugee Board announced Wednesday. The man, whose identity cannot be revealed under Canadian law, came to Canada last year aboard the rickety cargo ship MV Sun Sea […]
Sri Lanka buys new short wave transmitters for air traffic
Mar 10, 2011 (LBO) – Sri Lanka will buy new equipment to replace 24 year old shortwave transmitters for the regional air traffic control centre at Ratmalana Airport, a government minister said. The Colombo flight information region (FIR) controlled from Ratmalana covers a large part of the Indian Ocean. Minister Anura Yapa said the cabinet […]
‘s power utility in profits, cashflow positive: minister
Mar 10, 2011 (LBO) – Sri Lanka’s Ceylon Electricity Board, the island’s state-run power utility ended 2010 in profits and is also cash positive being able to settle is payments on time, power minister Patali Ranawaka said. The CEB had sold 121.86 billion rupees of power including 2.6 billion rupees worth energy for street lighting […]
Buck Stops
Mar 10, 2011 (LBO) – Most of the loss of Ceylon Petroleum Corporation, Sri Lanka’s state-run petroleum retailer is due to subsidized sale of furnace oil to a state power utility, the island’s oil minister has said. Furnace oil which cost the CPC 81 rupees a liter is sold to the Ceylon Electricity Board (CEB) […]
Sri Lanka Hilton building firm disclose leased land with state
Mar 10, 2011 (LBO) – Sri Lanka’s Hotel Developers, a listed firm which owns the building on which Colombo Hilton is operated said a land sub-leased from a private party had been taken over by the state. The state land on which the building was put up has been sub-leased from Cornel and Company, a […]