All Blogs
Sri Lanka Tamil on ship bound for Canada died at sea: Tamil Congress
MONTREAL, August 15, 2010 (AFP) – A Tamil man who travelled with hundreds of other Sri Lankan migrants aboard a cargo ship bound for Canada died during the trip and was buried at sea, the Canadian Tamil Congress said Sunday. “A man indeed died. We don’t know what kind of sickness he died from, but […]
‘s party to appeal conviction
August 15, 2010 (AFP) – Sri Lanka’s former army chief Sarath Fonseka will appeal against a court martial conviction that stripped him of his rank, pension and prestige, his political party announced Sunday. President Mahinda Rajapakse formally removed Fonseka’s rank and medals and stopped his pension on Saturday, a day after a court martial found […]
Mobile Switch
Aug 15, 2010 (LBO) – Sri Lanka Telecom’s June 2010 net profit shot up 105 percent to 769 million rupees from a year ago as earnings from its mobile unit and broadband made up for falling voice revenues, a stock exchange filing said. Basic earnings per share rose to 0.43 rupees from 0.21 rupees the […]
Sri Lankan exporters brace for life without EU tax breaks
DANKOTUWA, August 15, 2010 (AFP) – Sri Lankan exporters braced for hard times as the EU’s withdrawal of import concessions took effect Sunday after Colombo’s refusal to allow scrutiny of its human rights record. Sri Lanka has long been a preferred source for top high streets brands and its garment, china and other exports enjoyed […]
Sri Lanka Tamil migrants in good condition: Canada
ESQUIMALT, August 14, 2010 (AFP) – Hundreds of Sri Lankan Tamil migrants who arrived aboard a rusty cargo ship were in good condition after their three-month voyage, Canadian officials said Saturday. The MV Sun Sea, a 59-metre Thai-registered ship reportedly carrying as many as 490 migrants, landed in Esquimalt, British Columbia on Friday, escorted by […]
Sri Lanka renewable energy drive seen hurt by red tape
Aug 14, 2010 (LBO) – Premature cancellation of projects and complex and lengthy approval procedures are retarding the development of renewable energy like mini-hydro power in Sri Lanka, an official said. “The government has set up the SEA which is now helping us to overcome problems and trying to streamline the process of granting approvals. […]
Sri Lanka strips former war-hero of pension and prestige
August 14, 2010 (AFP) – Sri Lanka’s president has formally stripped former army chief Sarath Fonseka of his rank, medals and pension after his conviction by a court martial, officials said Saturday. President Mahinda Rajapakse ratified Friday’s verdict of the controversial tribunal, which found Fonseka guilty of dabbling in politics while heading the military last […]
Sri Lanka Tamil migrants sail to uncertainty in Canada
VICTORIA, August 14, 2010 (AFP) – Hundreds of Tamils seeking asylum from Sri Lanka sailed into Canada on Friday under the scrutiny of authorities, who vowed to screen out Tiger rebels after charges that the country is too welcoming. After three months on the Pacific, a navy frigate escorted the shabby, Thai-flagged MV Sun Sea […]
Sri Lankan shares close up 1.61-pct
Aug 13, 2010 (2010) – Sri Lankan shares closed higher Friday as midcap stocks rallied mostly on retail investor interest amidst low trading volumes, while Environmental Resources Investments (ERI) shares continued to fall, brokers said. The All Share Price Index closed at 5,115.79, was up 1.61 percent (80.94 points) Friday, while the Milanka index of […]
Warranted Profits
Aug 13, 2010 (LBO) – Sri Lanka’s Environmental Resources Investments (ERI) made a profit of 44 million rupees in the June quarter from higher sales from Ceylon Leather Products Limited (CLPL) and a brokering firm acquisition, its interim results showed. The move followed unusual price swings and heavy trading in certain stocks including ERI warrants. […]