All Blogs
Sri Lankan stocks close up 0.72-pct
Sept 14, 2010 (LBO) – Sri Lankan stocks continued their rally to close at a new high Tuesday, on price gains on selected midcap stocks on low volume trading, while Distilleries Company, Richard Pieris and Aitken Spence boosted turnover, brokers said. Distilleries Company of Sri Lanka, another index heavy share closed at 184.00 rupees, up […]
Health Message
Sept 14, 2010 (LBO) – Sri Lanka has successfully done a trial project that helps early detection of killer communicable diseases using mobile phones to send data that also reduces costs, officials said. The ‘real-time bio-surveillance programme’ enables the rapid detection and notification of potential health outbreaks through mobile phones, software applications and a Web […]
Info on Tamil refugees stolen in Canada break-in
MONTREAL, September 13, 2010 (AFP) – Information about the 492 Tamils refugees who arrived in Canada last month aboard a cargo ship has been stolen from a Tamil organization in Toronto, the group said Monday. The Canadian Tamil Congress (CTC), which serves as the voice of Tamil Canadians, said that someone broke into its headquarters […]
” by S&P
Sept 14, 2010 (LBO) – Standard & Poor’s has raised its long-term foreign currency sovereign credit rating on Sri Lanka to ‘B+’ from ‘B’ and the long-term local currency rating to ‘BB-‘ from ‘B+’ with a stable outlook, a statement said. At the same time, Standard & Poor’s confirmed the ‘B’ short-term rating on the […]
Cuba to axe one million state jobs
HAVANA, September 14, 2010 (AFP) – Cuba has announced plans to slash one million state jobs and encourage the growth of its emerging small business sector in a gamble it hopes can keep its communist system and floundering economy afloat. Workers laid off from government jobs will no longer be sent home with partial pay, […]
” to begin in October
Sept 14, 2010 (LBO) – Sri Lanka’s statistics office has completed most of the preliminary work to conduct its first island-wide population count in 30-years with a ‘pilot census’ to begin in October, an official said. The census office started piling work a new building in Battaramulla, near Sri Lanka’s parliament Tuesday. The 62 year […]
Sri Lanka half-year budget deficit on track
Sept 14, 2010 (LBO) – Sri Lanka budget deficit up to June 2010 is on track with projected numbers though deficit monetization in subsequent weeks points to greater net cash deficits, official data show. Tax revenues picked up 16.0 percent to 309 billion rupees in the first six months of the year from a year […]
Location Lure
Sept 13, 2010 (LBO) – Service providers in the trade hubs of Dubai and Singapore have shown interest in a new port in southern Sri Lanka where a request for proposals from businesses has been issued, an official said. “To attract volumes to Sri Lanka we must have capacity; otherwise we might not attract regional […]
Basle III
ZURICH, September 12, 2010 (AFP) – Banks will be required to lift their reserves substantially under “landmark” new rules drawn up Sunday by central bankers and regulators seeking to prevent a repeat of the recent financial crisis. The new regulations, called Basel III, would force banks to more than triple their current reserves and would […]
Sri Lanka tourist arrivals up 35-pct in August
Setp 13, 2010 (LBO) – Tourist arrivals to Sri Lanka was up 35.7 percent to 55,898 in August led by Indians and Britons, with visitors during the first eight months up 46.7 percent from a year earlier, tourism office data showed. In the first eight months Western Europe generated 162,500 visitors up 50.4 percent, South […]