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Sri Lanka begins clearing after major accidental blast
KARADIYANARU, September 18, 2010 (AFP) – Sri Lankan authorities Saturday began clearing rubble and wreckage after 25 people were killed in the first major explosion since the end of a decades-long civil war. Heavy earth-moving equipment was being brought to the village of Karadiyanaru, in the east of the island, as families of victims prepared […]
Sri Lankan stocks close up 2.17-pct
Sept 17, 2010 (LBO) – Sri Lankan stocks continued to rally to break 6,400 point mark Friday, from strong gains across the board, while strong buying interest on selected midcap stocks pushed turnover up, brokers said. The All Share Price Index closed at 6,477. 09, up 2.10 percent (133.38 points), while the more liquid Milanka […]
Sailing Opportunity
Sept 17, 2010 (LBO) – Sri Lankan seafarers will get an opportunity to serve on board Iranian vessels following an agreement signed between the two countries during the visit to the island of Iran’s trade minister, officials said. Iranian Trade Minister Mehedi Gassanfari was in Sri Lanka to attend the Joint Trade and Economic Cooperation […]
Soft Bounce
Sept 17, 2010 (LBO) – Sweden-based IFS, an enterprise resource planning (ERP) software maker, said its main development centre in Sri Lanka is growing steadily and demand for its products from the Asia-Pacific region is strong. Its Sri Lanka unit has around 780 staff made up of software developers and business analysts. Jayantha de Silva, […]
Sri Lanka to revamp aviation law
Sept 17, 2010 (LBO) – Sri Lanka will revamp its outdated civil aviation law to cope with advances made over several decades and a new law will be brought to parliament quickly, information minister Keheliya Rambukwelle said. Analysts say Sri Lanka could also earn revenues by expanding air traffic and navigation services to the Indian […]
Sri Lanka blast death toll revised down to 27: military –
September 17, 2010 – Sri Lanka’s military more than halved the estimated death toll from an accidental blast at an explosives depot on Friday, saying 27 people had been killed instead of 60. The nearest hospital to the site of the accident, in the town of Batticaloa, said several people injured in the blast had […]
‘s economic rise: IMF
JAKARTA, September 17, 2010 (AFP) – The International Monetary Fund warned Friday Indonesia must make fighting corruption a priority if it wants to build on its progress as one of the world’s best-performing economies. Southeast Asia’s biggest economy expanded 4.5 percent in 2009, the third fastest in the Group of 20, and is poised for […]
Hong Kong gold hits record high
HONG KONG, September 17, 2010 (AFP) – The price of gold struck a record high above 1,280 US dollars an ounce in Hong Kong trade on Friday. Gold is seen as a safe haven investment and also a hedge against inflation. The precious metal rose to 1,280. 20 US dollars an ounce in afternoon trading, […]
Sri Lankan stocks close up 1.69-pct
Sept 16, 2010 (LBO) – Sri Lankan stocks recovered to pass the 6,300 points mark Thursday, from price gains on index heavy and midcap stocks, while Hotel Reefcomber shares continued to be heavily traded, brokers said. Nations Trust Bank closed at 84. 00 rupees, up 7.60 with 2.88 million shares changing hands, brokers said. The […]
Port Project
Sept 16, 2010 (LBO) – Sri Lanka has awarded a contract to build and operate a new deep-water container terminal in Colombo port to a consortium consisting of China Merchant Holdings International and Aitken Spence, a statement said. The new terminal will have a quay wall length of 1. 2 kilometres with a minimum alongside […]