All Blogs
Sri Lanka rebel leader trapped by troops: PM
May 5, 2009 (AFP) – Sri Lanka’s Tamil rebel leader Velupillai Prabhakaran is trapped in a small strip of coastline that has been surrounded by government soldiers, the prime minister said Tuesday.Ratnasiri Wickremanayake told parliament that Prabhakaran, 54, was still leading his Liberation Tigers of Tamil Eelam (LTTE) fighters in their desperate battle for survival […]
Sri Lanka roadside blasts sugar firm tractor, one killed
May 05, 2009 (LBO) – One person was killed Tuesday morning when a tractor belonging to a private sugar plantation was caught in a roadside bomb in southern Sri Lanka, the military said. Pelwatte Sugar is a listed company. Pelwatte Sugar was trading at 16.50 rupees, up 50 cents. The tractor was being used to […]
Sri Lanka JKH ups stake in Union Assurance to 80-pct
May 05, 2009 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said it had increased its stake in insurer Union Assurance by a further 2.52 percent after an offer to buy out remaining shareholders which ended Monday.JKH deputy chairman Ajit Gunewardena said at the time the move was aimed at consolidating the conglomerate’s position in […]
Sri Lanka cricketers get pay hike
May 05, 2009 (LBO) – Sri Lanka has raised salaries of cricketers and doubled the number of players under contract, an official said. Sri Lanka A Squad: Muthumudalige Pushpakumara, Tharanga Paranavithana, Malinga Bandara, Rangana Herath, Dammika Prasad, Chamara Silva, Mahela Udawatte, Gihan Rupasinghe, Suranga Lakmal, Kaushal Silva, Chanaka Welegedara, Isuru Udana, Chaminda Vidanapathirana, Dinesh Deshapriya […]
Sri Lanka banks asked to cut lending rates, says Central Bank
May 5, 2009 (LBO) – Sri Lanka’s central bank said it had asked banks to cut interest charged on loans which remain high despite policy rate cuts, while its grip on overnight is also tenuous due to quantity restrictions on discount windows.The Central Bank said it has “informed the licensed banks to take appropriate measures […]
Canada ups relief aid for Sri Lanka
OTTAWA, May 4, 2009 (AFP) – Canada’s Minister of International Cooperation Beverley Oda announced Monday an increase in humanitarian aid for civilians displaced by ongoing civil war in Sri Lanka.Ottawa will provide three million dollars (2.5 million US) to the International Committee of the Red Cross, Doctors Without Borders (MSF), the World Food Programme and […]
Sri Lanka shares buoyed by institutional buying
May 04, 2009 (LBO) – Sri Lankan shares ended firmer Monday, lifted by investments from institutional investors taking a long-term view as the rupee remained becalmed around 120.00 – 120.10 against the dollar, brokers and dealers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]
Shorter Deadline
May 04, 2009 (LBO) – Sri Lanka’s central bank which is collecting information on assets of Golden Key Credit Card, a collapsed financial firm, said its officials and past officials should declare assets by May 05. The Central Bank brought forward the deadline following a court order on April 27 which required information to be […]
‘s call for ceasefire: ministry
May 4, 2009 (AFP) – Sri Lanka on Monday rejected a Canadian call for a ceasefire in the military campaign against cornered Tamil Tiger guerrillas in the island’s northeast, the foreign ministry said.Sri Lanka’s Foreign Minister Rohitha Bogollagama told the visiting Canadian Minister for International Cooperation Beverly Oda that a previous unilateral truce by the […]
Sri Lanka HNB Assurance March profit up 12-pct
May 04, 2009 (LBO) – Sri Lanka’s HNB Assurance said March quarter after tax profit rose 12 percent to 15.9 million rupees from a year ago helped by a sharp increase in earnings from investments. Gross written premium rose 12 percent to 457 million rupees, the company said in a stock exchange filing of its […]