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‘s Tamils wary of election spotlight
JAFFNA, January 17, 2010 (AFP) – Scarred by decades of war and official indifference, Sri Lanka’s minority Tamils are now being courted as political kingmakers — a shift that many of them view with bitter scepticism. With a presidential election just two weeks away, the two main candidates have been desperately wooing Tamil voters, offering […]
Sri Lanka central bank created high inflation and reduced wealth: economist
Jan 16, 2010 (LBO) – Sri Lanka’s central bank has created average inflation of 11. 0 percent and must take the blame for impoverishing the people, a senior monetary economist and former central banker has said. After Sri Lanka got independence from Britain, the country had registered growth slightly over that of India, but had […]
US, Norway deny funding ouster of Sri Lanka president
January 16, 2010 (AFP) – The United States and Norway on Saturday denied funding Sri Lanka’s main opposition to defeat President Mahinda Rajapakse’s re-election bid later this month. Norway, which was the peace broker until the Rajapakse administration withdrew from a faltering truce and escalated a military campaign against the Tigers early last year, denied […]
Opposition says Sri Lanka lied to UN over heavy weapons
January 15, 2010 (AFP) – Sri Lanka’s opposition Friday accused the government of misleading the UN over the use of heavy weapons during the final stages of fighting against Tamil rebels last year. Sri Lanka’s Tamil community, numbering 12.5 percent of the population, has close cultural and religious links with India’s Tamil Nadu state, which […]
Sri Lanka RAM Ratings get new directors
Jan 15, 2010 (LBO) – Sri Lanka’s RAM Ratings unit said two new directors, Preethi Jayawardena and Liza Mohn Noor have been appointed to its board from January 2010. Jayawardena is a Fellow of the Institute of Chartered Accountants of Sri Lanka, is managing director of Chemanex Plc. , a listed firm, a member of […]
Sri Lankan stocks close 0.7-pct up, hotels gain
Jan 15, 2010 (LBO) – Sri Lankan shares closed up Friday as investors chased after mid cap stock, especially hotels sector, while high interest on conglomerate John Keells (JKH) pushed turnover past 1.5 billion rupees, brokers said. The All Share Price Index closed at 3,563.14, up 0.75 percent (26.43 points) while the Milanka index of […]
Under Fire
WASHINGTON (AFP) – Federal Reserve chairman Ben Bernanke said Thursday the US central bank should keep its role as a regulator of the banking system as a way to promote financial market stability. Bernanke added that the Fed “cannot and should not” be responsible for regulating the entire financial system, which including nonbanking firms such […]
Best Practice
Jan 15, 2010 (LBO) – Sri Lanka’s human resource (HR) practitioners will battle for ‘HRM Awards 2010’ which acknowledges and rewards best practices in the profession, to be held in May, an official said. HRM Awards is organized by the Association of Human Resource Professionals (HRP), Sri Lanka and will be held for the fourth […]
Cyber Attack
WASHINGTON, January 15, 2010 (AFP) – Microsoft said Thursday that a security vulnerability in its Internet Explorer browser was used in cyberattacks which prompted Google to threaten to shut down its operations in China. Reavey stressed that Microsoft “has not seen widespread customer impact, rather only targeted and limited attacks exploiting (Internet Explorer 6).” Changing […]
No Sale
Jan 15, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit will stay with the group, with new investments planned to increase coverage, while the parent is being de-listed from the Hong Kong stock exchange, an official said. Sri Lanka’s mobile market is shared between Dialog Telekom, a unit of Malaysia’s Axiata, Mobitel a unit […]