All Blogs
Sri Lanka fighting intensifies ahead of Japanese envoy visit
Jan 12, 2008 (AFP) – Intense fighting across Sri Lanka’s embattled northern district have left at least 39 rebels and soldiers dead, the military said Saturday, ahead of a planned visit by a Japanese peace envoy.Japan, the island’s biggest aid donor, has voiced deep concern about the Colombo government’s decision last week to end its […]
Sri Lanka bond yields slightly up
Jan 11, 2008 (LBO) — Sri Lanka bond yields edged up slightly after Friday’s auction which raised two billion rupees for the government in one and two year bonds, dealers said.The central bank also sterilized 1.2 billion rupees of liquidity by selling 11-day bills at an average yield of 18.51 percent and a further 1.8 […]
Trade Links
Jan 11, 2007 (LBO) – Sri Lankan shipping officials have questioned the validity of a recent World Bank ranking on logistics that placed the island even below landlocked Uganda, despite Colombo’s position as a container transshipment hub. The criticism came at a videoconference discussion connecting audiences in Bangladesh, India, Pakistan, Nepal, Sri Lanka, and Washington […]
Railway Blast
Jan 11, 2008 (LBO) – A bomb exploded in the main railway station in Sri Lanka’s capital Colombo, injuring one person police said.Fighting between Sri Lanka government forces and the Tamil Tigers have intensified leaving at least 6,000 dead in since 2006, according to official figures. Updated The bomb was kept on a platform under […]
Joint Investment
Jan 11, 2007 (LBO) — Sri Lanka’s Hatton National Bank has signed up with City Union Bank to start an investment banking unit in India, the two banks said in a joint statement Friday. “The proposed Joint Venture Investment Banking entity will focus on serving the Indian market to deliver capital raising and advisory services […]
Transit Care
Jan 11, 2008 (LBO) – Sri Lanka’s overcrowded top state cancer hospital would get a 140 bed transit facility to house outpatients, the newly launched Colombo branch of a charity focusing on child patients said. Courage, Compassion and Commitment (CCC) Foundation was founded five years ago in Australia to support child patients at the National […]
Sri Lanka railway station blast in capital injures one
Jan 11, 2008 (LBO) – A bomb exploded in the main railway station in Sri Lanka’s capital Colombo, injuring one person, police said.The bomb which was kept on a platform under a stairway, went off around 7.30 pm local time witnesses said. Train services resumed at the station less than an hour after the blast. […]
Sri Lanka and India to fix coal power plant site this month: minister
Jan 11, 2008 (LBO) – Sri Lanka and India will finalize the site for a 500 MegaWatt coal fired joint venture power station this month, energy minister John Seneviratne said. About 25 percent of the householders, mostly in rural Sri Lanka do not have access to electricity. Seneviratne said an agreement has been sighed with […]
Everest conqueror Hillary dies aged 88
WELLINGTON, Jan 11, 2008 (AFP) – Edmund Hillary, the unassuming New Zealander who won world fame as the first man to climb Mount Everest, died Friday at the age of 88. Hillary, who with Sherpa Tenzing Norgay reached the summit of the world’s highest mountain on May 29, 1953, died of a heart attack in […]
Dollar tumbles as Bernanke says rate cuts may be needed
NEW YORK, Jan 10, 2008 (AFP) – The dollar fell sharply Thursday after Federal Reserve chairman Ben Bernanke said the US central bank was ready to implement fresh interest rate cuts if necessary amid lingering economic uncertainty.Traders ratcheted up their expectations that the US central bank would unleash a fresh rate cut at a looming […]