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Sri Lanka shares slide in thin trade
Jan 09, 2009 (LBO) – Trading on Sri Lanka’s stock exchange virtually dried up Friday as turnover fell to a mere 18 million rupees and the market ending marginally weaker with Lanka Cement being the most actively traded stock, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]
Two Generations
Jan 09, 2009 (LBO) – The Sri Lanka Ports Authority (SLPA) has begun training the children of retired workers being hired for jobs in the port but stressed productivity improvements were needed in the hugely overstaffed organisation.The SLPA said in a statement it had launched a new phase in its professional training programme called ‘Piya […]
Stable Path
Jan 09, 2009 (LBO) – Sri Lanka’s Seylan Bank is now stable and is focusing on improving asset quality, and some customers who earlier withdrew deposits are now bringing them bank, officials said. Chief executive Ajita Pasqual said the bank had raised 800 million rupees and with the year-end profits, it was on its way […]
Sri Lanka tea prices revive at auction, crop shortfall seen
Jan 09, 2009 (LBO) – Sri Lankan tea prices revived at the first auction of the year this week with the industry saying a shortfall in the crop and the forthcoming ‘quality season’ should ensure better earnings in the first quarter.Anil Perera, head of the Private Tea Factory Owners Association, said the shortfall in crop […]
Sri Lanka military gains full control of highway to Jaffna: President
Jan 09, 2009 (LBO) – Sri Lanka’s military has gained full control of a strategic highway linking the northern Jaffna peninsular with the south of the country after 23 years, President Mahinda Rajapaksa said in a nation-wide television address. Point Pedro is the northernmost point of the island, and Dondra Head the southernmost point. Education […]
Sri Lanka troops seize strategic pass from Tigers: official
January 9, 2009 (AFP) – Sri Lankan troops fighting Tamil rebels on Friday took full control of the highly strategic Elephant Pass, a causeway linking the Jaffna peninsula with the northern mainland, an official said. The causeway fell to government troops advancing northwards from Kilinochchi, the political headquarters of the Tamil Tigers captured by the […]
‘s murder
January 9, 2009 (AFP) – Hundreds of Sri Lankan journalists took to the streets Friday to protest against the killing of a newspaper editor, as the government came under local and foreign pressure to protect freedom of expression.The demonstration in Colombo demanded a halt to violence, threats and intimidation after Thursday’s shooting of Lasantha Wickrematunga, […]
Sri Lanka anti-media violence a conspiracy: President
Jan 09, 2008 (LBO) – Violence against media is a conspiracy to pave the way for international involvement in the island’s internal affairs, President Mahinda Rajapaksa said. The most recent violence drew widespread condemnation from the United States, the European Union and rights bodies, who called for the perpetrators to be brought to justice, and […]
Sri Lanka anti-media violence undermining democracy: United States
Jan 09, 2009 (LBO) – The United States has strongly condemned the murder of a prominent newspaper editor in Sri Lanka and an attack on a broadcaster saying the violence was undermining democracy and silencing independent voices.Lasantha Wickematunge, editor of The Sunday Leader, a newspaper strongly critical of the government was shot on a main […]
Sri Lanka needs freedom of information for development: World Bank
Jan 09, 2009 (LBO) – Sri Lanka needs freedom of information to develop, and Sri Lanka’s government should hold full and transparent investigations on violence against the media, the World Bank said. “The World Bank urges the Government of Sri Lanka to hold full and transparent investigations of incidents of violence against media,” the World […]