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Indian Signal
Jan 15, 2009 (LBO) – India’s state-run Oil and Natural Gas Corporation (ONGC) which has been given an off-shore oil block in Sri Lanka, will inform the island whether it will start exploration within a month, a media report said.India’s Economic Times newspaper said Sri Lanka’s oil minister A H M Fowzie had met Indian […]
Sri Lanka tea prices maintain upward trend
Jan 14, 2009 (LBO) – Sri Lankan tea prices rose again at this week’s Colombo auction on strong demand with brokers saying the trend augurs well for producers who saw the market crash towards the end of last year. “The market continued strong for Low Grown varieties,” Asia Siyaka Commodities said in a report on […]
Peak Performance
Jan 14, 2009 (LBO) – Condom use has peaked in Sri Lanka but sales of oral birth control methods such as emergency contraceptives are rising, the island’s top marketer of family planning services said.The Family Planning Association of Sri Lanka, a non-profit entity, has launched a new anesthetized condom, which can give new life to […]
Sri Lanka troops flush Tigers from Jaffna
January 14, 2009 (AFP) – Sri Lankan troops have established total control over the northern peninsula of Jaffna Wednesday after flushing out the last remaining pockets of rebel resistance, defence officials said. “The Tigers have not specified a place where the Red Cross can hand over the bodies to them,” a hospital official said. “Because […]
Sri Lanka gains ground from Tamil Tigers: military
January 13, 2009 (AFP) – Sri Lankan troops have captured more territory from Tamil Tigers in fierce battles around the rebels’ last stronghold in the northeast of the island, the defence ministry said Tuesday.The Tigers said a shell had also hit a hospital building and two people there sustained minor injuries. Claims by both sides […]
Sri Lanka stunned by Hasan blitz
DHAKA, January 14, 2009 (AFP) – Shakib Al Hasan smashed an explosive 92 not out to power Bangladesh into the triangular one-day series final with an upset five-wicket win over Sri Lanka here on Wednesday.The left-hander cracked two sixes and 10 fours in his 69-ball knock as Bangladesh surpassed Sri Lanka’s total of 147 with […]
‘s murder row grows as diplomat censured
January 14, 2009 (AFP) – Sri Lanka’s government censured a senior international diplomat after he spoke at the funeral of a newspaper editor whose murder has been blamed on the island’s rulers, officials said Wednesday.Sri Lanka’s opposition has demanded an international probe into the killing, which drew condemnation from the US, the European Union and […]
Sri Lanka oil derivative case takes new turn
Jan 13, 2008 (LBO) – Public interest litigants who petitioned Sri Lanka’s Supreme Court to halt payments on oil derivatives have said they are willing to terminate their cases, if court orders are not carried out, lawyers said. But court had responded saying that the exercise was about judicial review of executive action through a […]
Sri Lanka bond yields fall after rate cut
Jan 13, 2009 (LBO) – Sri Lanka bond yields plunged Tuesday and recovered to settle lower than a day earlier, following a cut in the unrestricted discount window rate of the central bank by 200 basis points overnight, dealers said. The 01.04.2012 bond started at 18.90/19.0 percent levels, fell to 18.65/75 levels and went up […]
Sri Lanka stocks revive after rate cut, tea tonic
Jan 13, 2009 (LBO) – Sri Lankan shares rose almost across the board Tuesday with fresh interest in plantations although trading volumes remained modest, after a central bank rate cut and a recovery in tea prices, brokers said. Over 1.1 million shares of Malwatte Valley Plantations changed hands with the stock ending up a rupee […]