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Sri Lanka bills yields edge lower
May 14, 2009 (LBO) – Sri Lanka’s Treasury bill yields edged down 02 to 05 basis points as the government sold 12.9 billion rupees worth of securities, including a roll-over of 10 billion rupees. The government sold 3.1 billion rupees of 3-month bills, 4.1 billion rupees of 6-month bills, and 5.6 billion rupees of 12-month […]
Sri Lankan stocks up, rupee steady
May 14, 2009 (LBO) – Sri Lankan shares recovered Thursday while the rupee opened at 117.70/90 against the dollar and remained at the same levels by late afternoon trade, brokers and dealers said. In the stock market the All Share Price Index closed up 0.75 percent (13.97 points) to end at 1,884.42 while the Milanka […]
Sri Lanka Kelani Valley Plantations in the red
May 14, 2009 (LBO) – Sri Lanka’s Kelani Valley Plantations, part of the Hayleys group, said it made a 46 million rupee loss in the March quarter compared with a net profit of 157 million rupees a year ago. It said in a stock exchange filing that sales fell 43 percent to 490 million rupees […]
Weak Data
May 14, 2009 (LBO) – Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia said it had lost 1.86 billion rupees in the March 2009 quarter against a profit of 888 million rupees a year ago, though losses were less than in the December quarter. In the December 2008 quarter, the firm lost 3.9 billion […]
Cyber Warfare
May 14, 2009 (LBO) – Sri Lanka’s information technology (IT) security market is poised to grow given rising computer use among business and government, online transactions and number of broadband subscribers, a new study says. Some of the key areas like the evolving role of the Chief Information Security Officer, enterprise best practices in security […]
Sri Lanka Tamil Tigers using phosphorus to halt final attack: military
May 14, 2009 (AFP) – The Sri Lankan military on Thursday accused Tamil Tigers of using phosphorus bombs as part of their last-ditch attempt to face off against a massive onslaught by government troops.A military statement said the once-powerful rebel force, now surrounded in a four square kilometre (1.5 square mile) patch of jungle on […]
Sri Lanka rejects pressure over war: minister
May 14, 2009 (AFP) – Sri Lanka’s government on Thursday rejected international calls for a halt to the war against Tamil Tiger rebels, hours after the UN Security Council called for civilian lives to be spared.“We are not going to succumb to international pressure to stop the offensive,” Media Minister Lakshman Yapa Abeywardena told reporters. […]
Obama asks Tamil Tigers to surrender
May 14, 2009 (LBO) – US President Barack Obama has called on Tamil Tigers to lay down their arms and the the Sri Lankan government to take greater care to ensure the safety of civilians caught in the conflict.“Going forward, Sri Lanka must seek a peace that is secure and lasting, and grounded in respect […]
UN urges protection of civilians in strife-torn Sri Lanka
UNITED NATIONS, May 13, 2009 (AFP) – The UN Security Council on Wednesday urged the warring sides in Sri Lanka to ensure the safety of civilians, voicing “grave concern’ at the “worsening humanitarian crisis” there.It unanimously adopted a non-binding statement that expressed “grave concern over the worsening humanitarian crisis in northeast Sri Lanka, in particular […]
Sri Lanka Janashakthi on negative rating watch
May 14, 2009 (LBO) – The ‘BBB+’ claims-paying-ability rating of Sri Lanka’s Janashakthi Insurance has been put on watch with a negative outlook following the suspension of its license by the regulator, Ram Rating Lanka said. A ‘positive’ outlook indicates that a rating may be raised while a ‘negative’ outlook indicates that a rating may […]