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Use of Sri Lanka anti-terror law against media condemned by rights body
February 28 (LBO) – Sri Lanka’s use of anti-terror law against the media has been condemned by the Reporters without Borders (RSF) which called for the release of a media official arrested two days ago. RSF called for the release of Dushantha Basnayake, financial director of Standard Newspapers, which publishes the Sinhalese-language weekly Mawbima, who […]
Sri Lanka Navy fires on unidentified ship off the south coast
February, 28 (LBO) – Sri Lanka Navy has fired on an identified ship off the island’s south coast after the ship ignored an order to halt and fired on a government vessel a Navy spokesman said. The spokesman said the vessel which had been contacted by Navy officials had given false identification and turned to […]
UN chief slams rebel shelling in Sri Lanka
UNITED NATIONS, Feb 27, 2007 (AFP) – UN chief Ban Ki-moon on Tuesday condemned a Tamil rebel artillery attack in Sri Lanka that injured several foreign diplomats, including a UN official, taking part in a humanitarian assessment mission.“The secretary general condemns the shelling” by the Liberation Tigers of Tamil Eelam (LTTE) in Batticaloa district, “which […]
Sri Lanka point-to-point inflation eases, but still at 10-year highs
February, 28 (LBO) – Consumer prices in Sri Lanka’s capital Colombo fell 1.3 percent in the month of February easing 12-month inflation to 19.2 percent from 20.5 percent a month ago, the government statistics office said. The Colombo Consumer Price Index, the most widely watched index in the country, fell to 5116 points from 5184 […]
Tax Woes
February 27 (LBO) – Seylan Bank’s group net profits rose 9.25 percent to 849.2 million rupees in 2006, as revenues climbed by 32.3 percent, its annual accounts released Tuesday showed. Group revenue climbed to 15.39 billion rupees while the bank on its own earned revenues of 14.1 billion rupees. High income tax payments and flat […]
Leasing Move
February 27 (LBO) – Sri Lanka’s pioneer leasing firm LOLC, is stepping into Cambodia taking an equity stake in a micro-finance firm with several international development lenders, an official said. “Cambodia is just blossoming out and opportunities are good,” Kithsiri Gunawardene told Lanka Business Online. “They run a lean operation there and repayments are very […]
‘s rubber trade slams government over misuse of industry funds
February 27 (LBO) – Sri Lanka’s rubber trade has cried foul at government moves to deny them cash collected from the sector for its own development, less than a month after tea traders protested the misuse of an industry fund.The Ceylon Rubber Traders Association (CRTA) said Tuesday that the industry had been officially informed that […]
Legal Upgrade
February 27 (LBO) – Sri Lanka will allow hearing of appeal cases to be decentralized to its provincial courts, to clear a ten-year backlog of cases, officials said Monday. There is a backlog of appeal cases from 1995, with Sri Lanka having only three courts in its court of appeal to handle all cases that […]
Dodgy Practice
February 27 (LBO) – Sri Lanka’s accounting watchdog said Tuesday it would take action against Touchwood over its accounting practices and would also probe the listed forestry investment firm’s auditor. The firm was audited by KPMG. The Colombo Stock Exchange referred the company to the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) when […]
Soft Sell
February, 27 (LBO) – Advocates of free and open source software (FOSS) are promoting the concept through a mobile campaign across Sri Lanka starting next month, organizers said Tuesday. ‘Foss-Ed on Wheels’ a special bus had traveled nearly 500 to Mahavilachchiya in the north central province and Buttala in the Southern province last year, teaching […]