All Blogs
Sri Lanka balance of payments surplus to double after bond: CB
Oct 26, 2007 (LBO) – Sri Lanka’s central bank said the balance of payments surplus in 2007 would more than double to 450 million dollars with the help of a sovereign bond issue, after holding policy rates steady in October. “This inflow has stabilized both the exchange rate and market interest rates and this trend […]
Points from GEO-4, major UN environment report
NAIROBI, Oct 25, 2007 (AFP) – Following are key points from the fourth Global Environment Outlook (GEO-4) report, issued on Thursday by the United Nations Environment Programme (UNEP) — Of major vertebrate groups on the planet, 30 percent of amphibians, 23 percent of mammals and 12 percent of birds are threatened — Humanity’s current “footprint”, […]
Tamil Tigers ruin Sri Lanka military plans: observers
COLOMBO, Oct 25, 2007 (AFP) – Tamil Tiger rebels have dealt a serious blow to Sri Lanka’s intelligence gathering with a devastating suicide attack that destroyed virtually its entire fleet of spy planes, observers said Thursday.Tiger guerrillas, who were widely regarded as being on the defensive, turned the tables Monday with a suicide strike that […]
Sri Lanka retaliates after Tiger suicide strike
COLOMBO, Oct 25, 2007 (AFP) – Sri Lankan war planes carried out attacks against Tamil Tiger rebels for a second straight day Thursday after the guerrillas attacked a military base, officials said.There was no immediate reaction from the Tiger rebels to the latest retaliatory air strikes.Air attacks were launched Thursday morning in the district of […]
‘s Tamil Tiger dodge financial regulators
Oct 25, 2007 (LBO) – Sri Lanka’s Tamil Tiger rebels have developed a sophisticated international system to transfer funds for their weapons procurement without being detected by financial regulators, a counter-terrorism expert told a recent conference in Colombo. The Liberation Tigers of Tamil Eelam (LTTE) operates a “hub and spoke” network for money transfer modalities, […]
Sri Lanka Treasury bill yields crash after debt issue
Oct 24, 2007 (LBO) – Sri Lankan government Treasury bill yields have fallen sharply after the government’s 500 million US dollar bond sale, dealers said. The bond issue was arranged by HSBC, Barclays, and JPMorgan and co-managed by the Bank of Ceylon. In the equity markets, the All Share index closed one point lower at […]
Free Visa
Oct 24, 2007 (LBO) – The United States government Wednesday urged Sri Lankans wishing to migrate to America to be vigilant of US Green Card resident visa scams. Some travel daily from Mexico to US while others settle down. The US government is unable to prosecute persons connected to bogus US Green Card web sites […]
Real Estate
Oct 24, 2007 (LBO) – Sri Lanka’s Property Development Ltd (PDL) has reported net profit for the third quarter ended September 30, 2007 rose 26 percent to 49 million rupees year-on-year. Revenue was static at 76.3 million rupees and the company benefited from a sharp rise in other operating income, mainly interest income, which rose […]
Cash Call
Oct 24, 2007 (LBO) – Sri Lanka’s biggest mobile phone operator, Dialog Telekom, announced Wednesday it had struck a deal with investors to raise five billion rupees through a privately placed preference share issue. The proceeds of the Preference Share Issue amounting up to Rs. 5.0 billion will partially finance the Dialog Group’s capital expenditure […]
Unlicensed
Oct 24, 2007 (LBO) – The United States has said it is concerned over the widespread piracy of software in Sri Lanka, which recent surveys show is as high as 90 percent. “We share the industry’s concern regarding extensive software piracy in Sri Lanka,” said James R. Moore, Chargé d’Affaires of the U.S. Embassy in […]