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Sri Lanka Nov 08 industrial exports rise; tea, rubber shipments fall
Jan 07, 2009 (LBO) – Sri Lanka’s exports in November 2008 rose 11.6 percent to 645 million dollars from a year ago, led by industrial exports, especially garments, but tea and rubber export earnings slumped, the central bank said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Sri Lanka urged by media rights groups to punish TV station attackers
January 7, 2009 (AFP) – Media rights groups Wednesday urged Sri Lanka to punish those behind a recent attack on a privately-run television station that was torched by an armed gang. Gunmen stormed the studios and control rooms of the Maharaja TV network outside Colombo, held staff at gunpoint, and smashed and set alight equipment, […]
Sri Lanka negotiating currency swaps with foreign central banks: CB Governor
Jan 06, 2009 (LBO) – Sri Lanka’s is negotiating with foreign central banks to establish swap arrangements to increase its access to foreign currency, central bank governor Nivard Cabraal said. The Central Bank said it was looking for alternative ways of raising external finance after hedge fund money that came into the Treasuries market left […]
Sri Lanka shares end down in thin trade
Jan 06, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday in thin trade, ignoring more military gains against Tamil Tiger rebels, brokers said.Ceylinco Insurance closed up 8.57 percent or 15 rupees at 190 rupees although share prices of most other listed members of the Ceylinco group weakened or remained flat. The Ceylinco Group has […]
Terminal Move
Jan 06, 2009 (LBO) – The Sri Lankan government will call for proposals from the private sector to build a container terminal in a new port being built next to Colombo before the end of January, a senior port official said. The Asian Development Bank has loaned the bulk of the funds for the infrastructure […]
Almost Full
Jan 06, 2009 (LBO) – A private container terminal in Colombo port which is the main money-spinner for Sri Lanka’s John Keells Holdings group, may be nearing its full capacity, analysts and port officials said. But the business was affected when JKH was forced to return its fuel tank farm to the port when the […]
Court Action
Jan 06, 2008 (LBO) – A Sri Lankan court has remanded three persons connected with Golden Key Credit Card Company, a crashed financial firm of the Ceylinco group, a reporter said. Seylan was put under the state-run Bank of Ceylon and its board of directors replaced by Sri Lanka’s central banks after depositors started to […]
Pink iguanas discovered on Galapagos Islands
QUITO, January 6, 2009 (AFP) – A team of Ecuadoran and Italian researchers have discovered a unique species of pink land iguanas living on the Galapagos Islands, the scientist who wrote the report told AFP. “It is surprising to have found in the 21st century a find of this magnitude,” said Washington Tapia, head of […]
Sri Lanka moves to flush out Tigers from Jaffna peninsula
January 6, 2009 (AFP) – Sri Lankan troops were battling Tuesday to flush out Tamil Tigers from the Jaffna peninsula after taking the rebels’ political headquarters in the northern mainland, the military said.Security forces were pushing into remaining rebel-held territory in the Jaffna area after taking a part of the Elephant Pass, a causeway linking […]
Sri Lanka Ceylinco Insurance says life premium up 20-pct
Jan 06, 2009 (LBO) – Sri Lanka’s Ceylinco Insurance Company said premium income at its life division rose 20.37 percent to 7.4 billion rupees in the 12 months to November, 2008. Benefits paid out to policyholders exceeded two billion rupees in the first 11 months of 2008, while the company’s solvency margin remained at five […]