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‘s ex-army chief on trial
March 16, 2010 (AFP) – Sri Lanka’s former army chief, now a sworn political enemy of President Mahinda Rajapakse, faced a military court Tuesday on controversial charges that could see him jailed for up to five years. Fonseka, a war hero last year after helping end the Indian Ocean nation’s 37-year civil war, stepped down […]
Sri Lanka to sell US$100mn in bonds
Mar 15, 2010 (LBO) – Sri Lanka is offering 100 million US dollars in two and three year floating rates bonds, paying interest every six months mainly targeting the domestic market with bids closing on March 18, the government’s debt office said. Sri Lanka has an outstanding dollar denominated ‘development bond’ debt stock of 1,469 […]
Sri Lankan stocks becalmed
Mar 15, 2010 (LBO) – Sri Lanka stocks closed flat Monday as investors took profits and reinvested in selected midcap and hotels stocks, while heavy interest in John Keells Holdings (JKH) and Hotel Services (Ceylon) boosted turnover past a billion rupees, brokers said. The All Share Price Index closed at 3,843.55, down 0.03 percent (1.29 […]
Port Move
Mar 15, 2010 (LBO) – Sri Lanka’s Colombo port will get new cranes before the end of this year to replace aging equipment and improve cargo handling capacity, a senior official said. Container traffic in Colombo, which is a hub for south Asian cargo, has begun to recover after dipping last year because of global […]
Extra Income
Mar 15, 2010 (LBO) – Payment of an extra 20 percent ‘bonus interest’ to Sri Lankan senior citizens on rupee deposits maintained at licensed commercial banks will start from Thursday, March 18, the Central Bank said. The government will pay the extra interest to citizens over 60 years of age subject to a limit of […]
Reaching Out
Mar 15, 2010 (LBO) – Sri Lankan finance companies should reach out to rural areas which historically have been short of credit, governor of the Central Bank, Nivard Cabraal, said. Rural savers are also known to make deposits at unregulated finance companies that offer high interest rates but risk making heavy losses if the firms […]
Sri Lanka lures back Japanese surfers
Mar 15, 2010 (LBO) – Some of the world’s top surfers will take part in a Japanese surfing championship that returns to Sri Lanka this month after a five-year break following the end of the island’s ethnic war. The Japan Pro Surfing Association’s (JPSA) annual competition will be held during March 19-23 at Hikkaduwa, a […]
” at night
PARIS, March 14, 2010 (AFP) – Scientists revealed Sunday for the first time how some snakes can detect the faint body heat exuded by a mouse a metre (three feet) away with enough precision and speed to hunt in the dark. It has been known for decades that rattlesnakes, boas and pythons have so-called pit […]
Sri Lanka former top judge slams opposition leader arrest
NEW DELHI, March 15, 2010 (AFP) – Sri Lanka’s former chief justice slammed the arrest of ex-army chief and opposition leader Sarath Fonseka on Monday on the eve of his court martial, saying there was “no democracy” in the country. Retired chief justice Sarath Silva criticised the treatment of Fonseka, who challenged President Mahinda Rajapakse […]
Sri Lanka state worker cost climbs to new high
Mar 15, 2010 (LBO) – Sri Lanka state workers took away 57 cents as salaries and wages out of every tax rupee paid by the people in 2009, as the government continued to expand a bloated public service amid an economic slump, the latest official data showed. Salaries and pensions of workers climbed to 353 […]