All Blogs
Sri Lanka token strike gets off to quiet start
July 10, 2008 (LBO) – A one day token strike called by Sri Lanka’s opposition parties got off to a peaceful start with slightly reduced traffic in the capital Colombo and most public services operating as usual, officials and residents said.Sri Lanka’s state-run railways system’s chief Lalithasiri Gunaruwan said train services were operating normally but […]
Sri Lanka rejects bids for 12-month treasuries
July 09, 2008 (LBO) – Sri Lanka has rejected bids for 12-month treasuries at an auction Wednesday and sold 3.6 billion rupees out of 8 billion rupees of maturing bills, the government’s debt office said. Last Wednesday 6-month bills edged up 08 basis points, and 12-month bills 7 basis points. Yields of 3-month bills were […]
Sri Lanka share slide ends on telecom gains
July 09, 2008 (LBO) – A slight recovery in the price of heavyweight Sri Lanka Telecom ended a lengthy slide in the Colombo stock market indices Wednesday but turnover was thin. Brokers said the negative sentiment was likely to continue with record inflation and high interest rates hurting consumers and companies alike. The All Share […]
Sri Lanka to get Chinese support in tea cultivation
July 09, 2008 (LBO) – Sri Lanka’s tea industry expects to get support from China to improve plant breeding and cultivation, Sri Lanka Tea Board chairman Lalith Hettiarachchi said. “We hope to do that in the very near future at a government-to-government level,” Hettiarachchi said. He said scientists from both countries, both big tea producers, […]
Rainbow View
July 9, 2008 (LBO) – Sri Lanka Telecom, the island’s largest fixed access operator, has established a separate unit for director publishing information-based businesses, officials said. Although a non-core business activity, SLT Publications was formed as a separate entity to gain operational advantages and productivity gains, Leisha de Silva Chandrasena, chairperson of SLT told reporters. […]
‘s Noor Islamic Bank to launch operations in Maldives
July 9, 2008 (LBO) – Dubai’s Noor Islamic Bank has inked a deal to open up an Islamic banking unit in the Indian Ocean Island of Maldives, officials said.Operating under the name Noor Islamic Maldives Private Limited, the Dubai-based bank will hold 33 percent in the new company, Maldives Monetary Authority Governor, Abdulla Jihad said […]
Sri Lanka fighting kills 24: defence ministry
July 9, 2008 (AFP) – At least 22 Tamil Tiger rebels and two government soldiers have died in the latest clashes in northern Sri Lanka, the island’s defence ministry said Wednesday.The fighting, which took place on Tuesday, was centred around the Weli Oya, Vavuniya and Mannar regions, the statement said. The rebel Liberation Tigers of […]
Sri Lanka Ceylinco Insurance share issue applications rise
July 09, 2008 (LBO) – Applications for Sri Lanka’s Ceylinco Insurance non-voting share issue have been steadily increasing, according to registrars to the issue, International Consultancy and Corporate Services.They said in a stock exchange filing that they had received 1,623 applications for almost 2.8 million shares amounting to 485.8 million rupees by the close of […]
”’ quota unconstitutional, court rules
BUCHAREST, July 9, 2008 (AFP) – Romanians have a right to doom and gloom, the country’s constitutional court ruled Wednesday, blocking a government move obliging radio and television stations to broadcast good and bad news in equal proportions.The court ruled that a new law, which stipulated that upbeat news should make up half of all […]
Top climate scientist blasts G8 climate pledge
PARIS, July 8, 2008 (AFP) – One of the world’s most respected climate scientists on Tuesday slammed the G8 summit’s goal of halving global warming emissions by 2050 as “worse than worthless.” Leaders of the world’s richest nations, meeting in Japan, “are taking actions that guarantee that we deliver to our children climate catastrophes that […]