All Blogs
Key Decisions
June 01, 2009 (LBO) – Sri Lanka’s Supreme Court has appointed a chief executive, an auctioneer and auditors to the collapsed Golden Key Credit Card Company to liquidate assets and pay back depositors, lawyers said. In another development, Supreme Court has asked Finance and Guarantee Company, a regulated firm, and two related unregulated real estate […]
Fake Battle
June 01, 2009 (LBO) – Coats Thread Lanka (CTL) says it is battling counterfeiting of its brands by taking legal action against sellers of fakes and taking and has asked retailers to be careful when buying stock. “We have been vigilant and working with the law enforcement authorities to counter this threat by organizing periodic […]
Indian exports dive for seventh month
NEW DELHI, June 1, 2009 (AFP) – India’s exports of jewelry, garments and other goods slid 33 percent in April, shrinking for the seventh straight month, hit by a demand slump in major global markets, official data showed Monday. Exports slumped to 10.74 billion dollars in April from 16.08 billion dollars a year ago as […]
Sangakkara learning to live with Lahore memories
LONDON, June 1, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara said that while life for his side would not be the same after the attack on their team bus in Pakistan it would not stop them from playing international cricket. Sangakkara’s men have arrived in England for the ICC World Twenty20 after a particularly […]
Ideas to win the war: Give phones to Sri Lanka IDPs
June 1, 2009 (LBO) – I was away from the country during the historic events of May 2009.One good thing was that I was able to hear a moving presentation by Patrice Buzzanell, a scholar who had made it her life’s work to study human resilience in multiple contexts, mostly individual and organizational. As I […]
Sri Lankan media rights activist beaten: colleagues
June 1, 2009 (AFP) – A Sri Lankan media rights activist was hospitalised Monday after being beaten by unidentified attackers near the capital Colombo, a doctor and journalists said.Poddala Jayantha, secretary of the Sri Lanka Working Journalists’ Association, was abducted near his home and was severely attacked with sticks and later dumped in a suburb […]
Sri Lanka rejects rights probe
May 31, 2009 (AFP) – Sri Lanka on Sunday rejected growing calls to probe human rights violations amid allegations that thousands of civilians perished in the final battle against Tamil separatists. A report in the Times of London newspaper on Friday citing confidential UN reports said that more than 20,000 non-combatants were killed by Sri […]
D Day
May 31, 2009 (LBO) – A decision on a case challenging the privatization of Sri Lanka Insurance Corporation (SLIC) is listed for delivery at Sri Lanka’s Supreme Court on June 01, lawyers said. Distilleries Company of Sri Lanka closed at 90.25, down 2.25 rupees Friday. SLIC was sold to the listed Distilleries group of businessman […]
Derivative Probe
May 31, 2009 (LBO) – Sri Lanka’s police have raided the offices of state-run Ceylon Petroleum Corporation (CPC) and seized documents related to exotic oil derivatives which went against the utility, a media report said. The Sunday Times newspaper said officers of the criminal investigation department of Sri Lanka’s police had raided the head quarters […]
India economy headed higher, reforms in sight: analysts
NEW DELHI, May 31, 2009 (AFP) – India’s economy is on the upswing with eyes now keenly focused on July’s planned budget for new market-opening moves by the freshly re-elected Congress government, analysts say.The country logged unexpectedly strong 5.8 percent growth in the final quarter to March 2009, against forecasts of 5.0 percent, figures late […]