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Sri Lanka media working under fear: Amnesty
Feb 7, 2008 (AFP) – Dozens of unsolved murders, abductions, and disappearances of journalists have cast a pall on open reporting in Sri Lanka as an ethnic civil war intensifies, a rights group said Thursday.At least 10 media workers have been killed over the past two years, while others have been abducted, tortured, or illegally […]
” to end Sri Lanka bloodshed
Feb 7, 2008 (AFP) – Sri Lanka’s former colonial ruler Britain has called for a “political process” to end Sri Lanka’s spiralling violence and condemned the latest wave of bombings against civilians.British Foreign Secretary David Miliband in a statement released here said that the Sri Lankan government’s unilateral withdrawal from a ceasefire with separatist rebels […]
Sri Lanka stocks close higher on selective foreign buying
Feb 06, 2008 (LBO) – Sri Lanka shares closed marginally higher with turnover being driven to 224 million rupees through transactions on selective stocks picked by investors anticipating higher earnings for December quarter, brokers said. Colombo stock market’s All Share Index closed 3.41 points higher at 2,437.45 and the Milanka index was up 1.56 points […]
Trade Finance
Feb 06, 2008 (LBO) – Sri Lanka’s NDB Bank says it has linked up with US-based TradeCard Inc to provide import and export financing services that will cut transaction costs, especially in the apparel sector. “Partnering with TradeCard enables us to electronically deliver more trade financing options to our customers in Sri Lanka, NDB Bank […]
Hotel Loss
Feb 06, 2008 (LBO) – Sri Lanka’s John Keells Hotels suffered a loss of 91 million rupees in the December quarter compared with a profit of 79 million rupees in the same period of last year. The John Keells Hotels PLC share traded flat at 6.75 rupees Wednesday. Revenue for the quarter rose 20 percent […]
Super Brand
Feb 06, 2008 (LBO) – Sri Lanka’s Chartered Institute of Management Accountants (CIMA) has been awarded Superbrand status which will serve as a benchmark for other business-to-business services to reach for, branding officials said. “It is an indication that the brand has achieved a unique status in the country,” said Sharmila Cassim director marketing of […]
Sri Lanka power costs to rise 30-pct to plug Rs42bn hole
Feb 06, 2008 (LBO) – Sri Lanka’s power ministry is backing a proposal by the state-run Ceylon Electricity Board (CEB) to raise tariffs by around 30 percent to avoid a projected loss of more than 42 billion rupees in 2008. “The suggestion is something like 25 percent and there will be a fuel adjustment rate,” […]
Maldivians clear path for a woman on top, but will there be footprints?
Feb 06, 2008 (LBO) – Maldives have cleared the bar to elect a woman president, but the glass ceiling is unlikely to shatter soon as the incumbent strongman wants to rule on into a fourth decade, analysts said. Though the 50-member majlis, a representative body, has cleared the way Maumoon Abdul Gayoom, 70, has already […]
Wall Street hammered as survey points to US recession
NEW YORK, Feb 5, 2008 (AFP) – US stocks went into a tailspin Tuesday as a shockingly weak reading on service sector activity bolstered the notion that a recession is at hand in the world’s biggest economy. The Dow Jones Industrial Average sank 370.03 points (2.93 percent) to end at 12,265.13 after sharp losses on […]
French minister calls for more US consultation with G7
PARIS, Feb 5, 2008 (AFP) – Europe will press the United States to show “more cooperation” in dealing with the global financial crisis at a weekend meeting of top finance officials, France’s European minister said Tuesday. “It would have been better if there was a more cooperative attitude — exchanges between treasuries, central banks, fewer […]