All Blogs
Shadow of terrorism loiters over Asian Games
SINGAPORE, Nov 21, 2006 (AFP) – Qatar is seen as an island of stability in a volatile region, but a suicide car bombing last year sent shockwaves through the nation and it is taking no chances with security at the Asian Games. Organisers though are conscious that securiy should not overshadow what happens in the […]
Sri Lanka opposition strife could trigger snap general poll; Analysis
Nov 21 (LBO) – President Mahinda Rajapakse spent the first year in office trying to cobble together a stable coalition but squabbling in the opposition ranks has given him a new opening to call a snap election.The president told his close associates early last month that he did not want to call a snap election […]
Sri Lanka peace mediators to meet in Washington
WASHINGTON, Nov 20 (AFP) – Major donors engaged in efforts to end Sri Lanka’s long-running civil war will meet Tuesday in Washington in the latest attempt to revive peace talks between the government and Tamil rebels, the State Department announced Monday.The Co-Chairs, the sole international mechanism focused on the peace process in Sri Lanka, last […]
Opposition strife could trigger snap general poll; Analysis
Nov 21 (LBO) – President Mahinda Rajapakse spent the first year in office trying to cobble together a stable coalition but squabbling in the opposition ranks has given him a new opening to call a snap election. The president told his close associates early last month that he did not want to call a snap […]
Sri Lankan war planes bomb Tiger territory
COLOMBO, Nov 21, 2006 (AFP) – Sri Lankan jets bombed a suburb of the Tamil Tiger’s northern political capital Tuesday at what the military said was an insurgent training site. Both the military and the rebels said that casualties or damage assessments were not yet available. A Tamil Tiger military spokesman said the attack was […]
Road Builders
Nov 20, 2006 (LBO) – Sri Lanka has concluded talks with the Asian Development Bank for an additional 90 million dollars to expand the country’s Southern expressway, Treasury Secretary PB Jayasundera said Monday. The government wants to boost the government’s infrastructure investment to five percent of Gross Domestic Product over the next few years, Jayasundera […]
Long Tenure
Nov 20 (LBO) – Seylan Merchant Bank said Monday it would float ten year listed debentures to raise long term funds to match its lending portfolio. The 95 million rupee debenture issue would be the first long-term listed debt instrument in the local market, opening for subscription on November 27, the company said in a […]
Holy Banking
Nov 20, 2006 (LBO) – The Ceylinco group tied up Monday with Malaysia’s Centre for Islamic Finance to set up a faculty for Islamic financial studies in Sri Lanka. The Ceylinco Sussex Business School will roll out a Certified Islamic Finance Program locally, to meet a growing demand for trained professionals in Islamic finance, expected […]
Rupee Dips
November, 20 (LBO) – The Sri Lanka rupee dipped to a new low of 109.40 against the dollar early Monday, while shares also closed weaker. The rupee strengthened later to 108.70 with state banks intervening to prop it up, dealers said. The rupee had been under pressure from the second quarter as the government stepped […]
‘s estate sector trade unions to hold crisis talks Tue on wages hike
Nov 20 (LBO) – Sri Lanka’s plantation sector trade unions are to hold crisis talks on Tuesday on stalled wage negotiations with companies, and any strike action, if at all. Employers say union demands for a 100 rupee a day increase over the current, without other added costs or employee benefits, would amount to five billion […]