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Collapse of Sri Lanka, Tamil Tigers talks to protect truce observers
OSLO, June 8, 2006 (AFP) – Norwegian officials meeting Sri Lanka government representatives and Tamil Tigers rebels said on Thursday the talks broke down when they failed to orchestrate a face-to-face encounter between the two sides.Peacebroker Norway called the two-day talks amid fears for the safety of the 60-member Sri Lanka Monitoring Mission (SLMM), which […]
Sri Lanka’s tea crop dips 5% in April
June 7, 2006 (LBO) – Sri Lanka’s tea crop for the four-months to April grew to an all time high of 2.9 percent or 108.52 million kilos, helped on by good rainfall, a commodity brokering house said Wednesday. Black tea production for April however, slipped 5-percent to 30.59 million kilos, Asia Siyaka Commodity brokers said. […]
Government bonds go online in Sri Lanka
June 7, 2006 (LBO) – Sri Lanka Wednesday formally launched an electronic trading platform for government bonds, with the aim of broad basing the ownership of treasury securities, the Central Bank said.Developed by Bloomberg, a financial market specialist, Sri Lanka kicked off a soft launch on May 24 to become the second country behind Singapore […]
Safe Investment
June 7 (Dow Jones) – Sri Lanka’s Richard Pieris & Co. said Wednesday it would make a capital gain of 125 million rupees (1.2 million dollars) from the sale of a 21 percent stake in listed Associated Motorways. The diversified company sold its entire stake of 1.75 million shares in Associated Motorways for around 578 […]
‘s tea crop dips 5% in April
June 7, 2006 (LBO) – Sri Lanka’s tea crop for the four-months to April grew to an all time high of 2.9 percent or 108.52 million kilos, helped on by good rainfall, a commodity brokering house said Wednesday. Black tea production for April however, slipped 5-percent to 30.59 million kilos, Asia Siyaka Commodity brokers said. […]
Sealed Link
June 07 (LBO) – Authorities in Sri Lanka shut down pay television channel CBNSat which was using satellite communications technology without proper approval, police said Wednesday. -LBO Newsdesk- CBNSat which rebroadcast a number of local and foreign television channels was scheduled to have a formal launch of its services shortly, with packages priced between 500 […]
Cash Cow
June 7, 2006 (LBO) – Private fixed line operators are among the few trying to lay their hands on the fifth mobile phone license which has come up for grabs in Sri Lanka, industry sources said. Sri Lanka’s Telecommunications Regulatory Commission (TRC) Monday invited local and foreign companies with experience in third generation technology to […]
Five killed in Sri Lanka army attack: rebels
June 7, 2006 (AFP) – Suspected government troops carried out a bomb attack inside rebel-held territory Wednesday, killing at least five civilians and wounding 14, Tiger guerrillas said. The rebel Liberation Tigers of Tamil Eelam (LTTE) said government troops had carried out the bomb attack against a vehicle transporting civilians. “This is the largest attack […]
Sri Lanka steps up security ahead of Oslo talks
June 7, 2006 (AFP) – Sri Lanka has stepped up security after bomb blasts near the capital raised fears of more attacks, police said Wednesday, as the warring parties prepared for a face-to-face meeting in Oslo. A truce was put in place in February 2002, but an upsurge in violence has claimed at least 650 […]
Fitch rates Ceylease ‘BBB-(lka)’; asks to beef up capital
June 6, 2006 (LBO) – Sri Lanka’s Ceylease Financial Services – a unit of Bank of Ceylon – needs to pump up its capital to support their low income base and future provisional charges, Fitch Ratings Lanka warned Tuesday. Fitch, which assigned a ‘BBB-(lka)’ rating to Ceylease, says the credit rating reflects the firm’s parental […]