All Blogs
Capacity Problem
Jan 22, 2009 (LBO) – Sri Lanka’s top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do its job effectively.Channa de Silva, director general, of the Securities and Exchange Commission, said the lack of staff at the watchdog body was one reason it could not […]
Profitable Calls
NEW DELHI, January 22, 2009 (AFP) – Top Indian mobile phone firm Bharti Airtel reported a third-quarter net profit rise of 25 percent Thursday after signing a record number of users in the world’s fastest-growing cellular market. Net profit in the three months to December-end jumped to 21.59 billion rupees (434 million US dollars) from […]
Sri Lankan Tigers block UN staff from leaving
January 22, 2009 (AFP) – The United Nations Thursday accused Sri Lanka’s Tamil Tigers of preventing its staff from leaving rebel-controlled areas in the north of the island.The UN said several of its local staff and their families were prevented from leaving Thursday with a convoy that had earlier taken food and emergency supplies to […]
Sri Lanka says troops seize Tiger command centre
January 22, 2009 (AFP) – Sri Lankan troops have seized a Tamil Tiger command centre in the island’s north as ground troops advance further into the rebels’ remaining territory, a military official said on Thursday.Security forces found briefing rooms containing detailed maps at the facility in the district of Mullaittivu, where the Liberation Tigers of […]
Malaysian police on alert for Tamil Tiger leader: report
KUALA LUMPUR, January 22, 2009 (AFP) – Malaysia is on alert for Sri Lankan Tamil Tiger chief Velupillai Prabhakaran, saying he may have fled here after troops surrounded his last remaining stronghold, according to reports Thursday.Police chief Musa Hassan told the New Straits Times daily he had ordered a nationwide alert following reports that Prabhakaran, […]
Sri Lanka state textile firm to shed staff
Jan 22, 2009 (LBO) – A partially operational state textile firm which is overstaffed and debt ridden would be restructured with about half its workers being laid off, an official said. Sri Lanka’s overstaffed state-run firms eat up billions in tax-payer money. Lanka Salusala Ltd now has 298 workers. The firm’s board of directors was […]
Sri Lanka revise India tour schedule
January 22, 2009 (AFP) – The central town of Dambulla will host just one match instead of two during India’s upcoming tour of Sri Lanka, the two cricket boards said in a statement on Thursday.Dambulla, which was due to hold the first two matches of the five-match one-day series, will now host only the opening […]
Sri Lanka urged to act on human rights abuses
Jan 22, 2009 (LBO) – Britain has urged the Sri Lankan government to take strong action to prevent human rights abuses and called on both sides to the ethnic conflict to ensure the safety of civilians. “Creating an environment in which people from all communities in Sri Lanka live without fear is essential to creating […]
Sri Lanka Treasury bill yields fall
Jan 21, 2009 (LBO) – Sri Lanka Treasury bill yields fell across maturities at Wednesday’s auction with the government raising 4.7 billion rupees, the government’s debt office, which is a unit of the central bank, said. The 3-month yield fell 61 basis points to 16.18 percent. The 6-month yield fell 33 basis points to 16.89 […]
Sri Lanka stocks fall as small investor-led rally fizzles out
Jan 21, 2009 (LBO) – Sri Lankan share prices fell almost five percent Wednesday with small investors not having the holding power to sustain the minor rally they had fired in recent days, brokers said.Prices of most shares fell Wednesday including plantations which had drawn investor interest after tea prices at the Colombo auctions recovered. […]