All Blogs
Saudi boss kept Sri Lankan maid prisoner for 10 years: report
RIYADH, Aug 14, 2007 (AFP) – A Sri Lankan housemaid in Saudi Arabia pleaded in a call to a newspaper to be rescued from her employer she says has kept her imprisoned for the past 10 years, the Saudi newspaper reported on Tuesday. The Arab News said it received the cry for help from Anista […]
”
Aug 15, 2007 (AFP) – A Sri Lankan minister Wednesday described a top UN official as a “terrorist” after accusing him of supporting the country’s separatist Tamil Tiger guerrillas.Highways Minister Jeyaraj Fernandopulle said John Holmes, the UN undersecretary general for humanitarian affairs, who ended a four-day tour of Sri Lanka last week, was helping the […]
” in Sri Lanka
Aug 14, 2007 (AFP) – Hundreds of people disappeared in Sri Lanka in the past year and more than 5,700 such cases from the past three decades were under UN review, rights group Amnesty International said Tuesday. Since 2006, hundreds of people have reportedly been abducted by the security forces or armed groups in areas […]
” as rupee tumbles
August 15, 2007 (LBO) – Sri Lanka’s forex markets are defying fundamental economic principles with bids creeping above offer prices in what analysts see as the latest in a series of perversions that have hit financial markets in the country. Sri Lank is now floating a 500 million dollar international sovereign bond to ease pressure […]
Sri Lanka port firm plans bond issue
August 14, 2007 (LBO) – Sri Lanka’s state-owned Ports Authority (SLPA) is planning an international bond issue to raise funds for new expansion projects and repay debt, its chairman Saliya Wickramasuriya said.“The inescapable fact at the moment, the most important thing to the port at the moment, is the ability of a bidder to ramp […]
Banking Profit
Aug 14, 2007 (LBO) – Sampath Bank said Tuesday group after tax profit rose 22.5 percent to 329.6 million rupees for the quarter ending June 30, 2007. The group’s income was up 42 percent to 4.3 billion rupees from 3.0 billion, according to its results released to the stock exchange. The group’s interest income rose […]
Moderate Safety
August 14, 2007 (LBO) – Lanka Rating Agency (LRA) has confirmed the long-term rating of Sri Lanka’s LB Finance Ltd at BBB3, with a stable outlook. The short-term rating has also been confirmed at L3 An LRA statement said the ratings were based on LB Finance’s “improving financial performance and adequate asset quality” but were […]
No Call
August 14, 2007 (LBO) – The Finance Company (TFC), the flagship finance company of Sri Lanka’s Ceylinco group said it was putting off a cash call due to depressed market conditions. The firm’s company secretary P S Watson said in a stock exchange filing that the company had put off the cash for next year […]
Four Ps
August 14, 2007 (LBO) – Marketing qualifications such as those offered by the Chartered Institute of Marketing offer good opportunities for job seekers in an expanding economy like Sri Lanka, a senior marketer said. Shiraz Latiff, chairman of the Chartered Institute of Marketing Sri Lanka Region, said that with only limited opportunities available to enter […]
Free Birds
August 14, 2007 (LBO) – A Jakarta court has refused a request to extradite directors of Goldquest because the crime for which they were wanted in the Philippines did not exist in Indonesian law, media reports said. The Manila Standard said Presiding Judge Prasetyo Ibnu Asmara of the District Court of South Jakarta released Vijayeswaran […]