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SINGAPORE, May 31, 2009 (AFP) – Sri Lanka appealed Sunday for international support in dismantling the global political network of the Tamil Tiger rebels after declaring a full military victory over the separatist movement. Foreign Minister Rohitha Bogollagama told a high-level security forum in Singapore that Colombo needed help in disabling the Tigers’ “powerful political […]
”’ Malinga back in supernatural swing
LONDON, May 31, 2009 (AFP) – Lasith Malinga is such an integral part of Sri Lanka’s fast bowling arsenal that it needed the nation’s president to intervene and ensure he was fit for the World Twenty20s in England. The bowler with the rare sling-arm action, whose toe-crushing yorkers have tested the world’s finest batsmen, sat […]
Amnesty calls for probe of Sri Lanka civilian deaths
May 30, 2009 (AFP) – Amnesty International called Saturday for an independent probe into the number of civilians killed in the final weeks of Sri Lanka’s civil war and also urged the UN to reveal its own estimates. The call by the rights group followed a report in the Times of London newspaper on Friday […]
Box Bug
May 30, 2009 (LBO) – Ships calling at Colombo port are experiencing delays owing to teething problems in a new Sri Lanka Ports Authority (SLPA) computer system to manage its container terminals, shipping agents said.But the SLPA has told port users that it was working to solve the problems with the terminal management system and […]
Prized Writers
May 30, 2009 (LBO) – The International Policy Network (IPN), a London based organization that offers an annual journalism award for writers that help promote a free society, is giving a separate award for online writers from this May. The awards are named after Frédéric Bastiat, a 19th-century French philosopher and journalist started in 2002. […]
Sri Lanka property firm hit by falling prices
May 30, 2009 (LBO) – The real estate arm of Sri Lanka’s Carsons Cumberbatch group said it was writing down the values of properties by 450.3 million rupees as prices slumped in the wake of tight monetary policy. “This year has been a challenging year where we saw a significant market correction on the property […]
Sri Lankan stocks up 3.22 pct during week, rupee steady
May 29, 2009 (LBO) – Sri Lankan shares made slight gains Friday as investors were concentrating more on solid small and mid cap stocks, while the rupee was rock steady against greenback, brokers and dealers said. The spot dollar was trading at 114.90/115.00 levels in late evening trade, dealers said. The Colombo All Share Price […]
Fleet Fortunes
May 29, 2009 (LBO) – Sri Lanka could make use of the global slump in shipping to rebuild its national merchant fleet as ships without work are now going cheap, the island’s navy chief Wasantha Karannagoda has said. The end of the 25-year-old ethnic war gives the country an opportunity to revive its merchant navy, […]
Good Credit
May 29, 2009 (LBO) – A central bank supported credit scheme to help war-affected Sri Lankans will not use printed money, but cash from a revolving credit facility separately managed by the monetary authority, a top official said. Sri Lanka’s central bank is planning a re-finance to jump-start lending to the war-affected so that they […]
Housing Woes
May 29, 2008 (LBO) – Sri Lanka’s Housing Development and Finance Corporation (HDFC) said it made a loss in the March 2009 quarter amid rising interest expenses and sharp falls in interest and fee-based income. The bank made a loss of 52 million rupees in the three months ending March 31, 2009 compared with a […]