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Sri Lankans vote for rural rebuilding: president
March 19, 2011 (AFP) – Sri Lanka’s president said Saturday his party’s landslide victory in local elections was an endorsement of the government’s focus on rebuilding rural areas after decades of civil war. The Tamil National Alliance, a party of minority Tamils, won 12 councils after fielding candidates in the island’s former war zones. The […]
Sri Lankans vote for rebuilding: president
March 19, 2011 (AFP) – Sri Lanka’s president said Saturday his party’s landslide victory in local elections was an endorsement of the government’s focus on rebuilding rural areas after decades of civil war. Results showed that Rajapakse’s United People’s Freedom Alliance swept 205 of the 234 councils that went to the polls Thursday, the first […]
Sri Lanka stocks close 1.1-pct lower
Mar 18, 2011(LBO) – Sri Lankan stocks closed 1.1 percent lower Friday ending a two day rally as buyers in credit funded positions sold out, feeding a market consolidation downwards, brokers said. The All Share Price Index closed at 7,184.77, down 1.17 percent (84.82 points) while the Milanka Price Index of more liquid stocks closed […]
Highway Hopes
Mar 18, 2011 (LBO) – Construction work on stage one of Sri Lanka’s first expressway is set to end this month with 99 percent of the work over, according to details revealed by the Road Development Authority. The southern expressway, being built in four stages, will have a total length of 131.1 kilometres and allow […]
Offshore Support
Mar 18, 2011 (LBO) – Sri Lanka’s Colombo Dockyard said it has delivered the fourth in a series of oil industry offshore support vessels for Greatship (India), a subsidiary of The Great Eastern Shipping Company of India. Christened ‘Greatship Rashi’, she will join her sister vessel Greatship Rohini which was delivered in February 2011, said […]
Loan Rate
Mar 17, 2011 (LBO) – Sri Lanka’s Commercial Bank said it is accepting application for loans which has repayment periods of up to 10 years under a small and medium enterprise loan scheme funded by a World Bank credit line. Commercial Bank of Ceylon is one of seven participating banks in the credit line, which […]
Sri Lanka tuna meet hears call for Indian Ocean quotas
Mar 18, 2011 (LBO) – Industrial countries should reduce their fleets in the Indian Ocean, enabling coastal states to increase their catch but depleting stocks should not be over-exploited, the head of a regional fish management body meeting in Sri Lanka said. Rondolph Payet, chairman of the Indian Ocean Tuna Commission, said their meeting in […]
Education Showcase
Mar 18, 2011 (LBO) – An education fair in Sri Lanka’s capital Colombo will be attended by 11 US higher education institutes also giving prospective students to learn about admissions, financial aid and visa procedures, the US embassy said. The fair which is open to the public, will be held on March 22 and the […]
Sri Lanka local polls swept by ruling party
Mar 18, 2011 (LBO) – Sri Lanka’s ruling United Peoples’ Freedom Alliance of president Mahinda Rajapaksa has comfortably swept local government elections winning most of the 200 plus local bodies in which results were declared. The elections was marred by at least one death following clashes between supporters of the ruling coalition and voter turnout […]
Sri Lanka prepares model in bid for Commonwealth Games
Mar 18, 2011 (LBO) – Sri Lanka has prepared a model with 20 key venues and facilities in its bid to host the 2018 Commonwealth Games in the southern town of Hambantota, the central bank said in a statement. “The key purpose of the CEO’s visit to Sri Lanka will be to understand the steps […]