Author: lbostgadmin
Killing Probe
COLOMBO, Aug 6, 2013 (AFP) – Sri Lanka’s opposition Tuesday demanded an international investigation into a deadly army crackdown on villagers who were demonstrating against contaminated water supplies.The United National Party (UNP) criticised the army’s plans for an internal military probe into the death of three civilians and wounding of 50 others during a protest […]
Training Progress
Aug 06, 2013 (LBO) – Lanka BPO Academy, a skills development firm, said it had completed a program for trainers at InfoMate, a provider of outsourced finance and accounting services at Sri Lanka’s John Keells Holdings group.Lanka BPO academy is a training organization which collaborates with local and international partners to provide skills and training […]
‘s Talawakale Tea profits in the red
Aug 06, 2013 (LBO) – Sri Lanka’s Talawakele Tea Estates Plc said it made a loss of 3.0 million rupees in the June 2013 quarter down from a profit of 26 million rupee a year earlier. The firm reported a loss of 13 cents per share. In the six months to June the firm reported […]
Sri Lanka suspends New Zealand milk imports
Aug 06, 2013 (LBO) – Sri Lanka has suspended imports of all milk imports from New Zealand and asked Fonterra brands to withdraw any products containing whey protein, an official said.Sri Lanka’s Industrial Technology Institute has said it had found traces of DCD in several brands of milk including that of Fonterra, though the health […]
Port Repair
Aug 06, 2013 (LBO) – Sri Lanka’s Access Engineering Plc said it had taken a 30 percent stake in a port handling machinery maintenance firm set up with China’s Shanghai Zhenhua Heavy Industries Company Ltd (ZPMC).It had supplied equipment to Sri Lanka Ports Authority, South Asia Gateway Terminals and Colombo International Container Terminal in Sri […]
Express Way
Aug 06, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had requested China Merchants group, which has just commissioned a container terminal, to fast-track work on a toll road, his office said.Sri Lanka has given China Merchants Holdings (International) Company Limited and China Merchants Hua Jian Highway Investment Company Limited to design, build, finance and […]
Sri Lanka stocks close up 0.1-pct
Aug 06, 2013 (LBO) – Sri Lanka’s stocks closed up 0.12 percent Tuesday with gains seen in the large cap stocks, brokers said. The benchmark Colombo All Share Index closed 0.12 points higher at 6,121.45 and the S&P SL 20 Index closed 05.57 points higher at 3,477.04 up 0.16 percent. Turnover was 531 million rupees […]
Sri Lanka debt sales to expand 3-fold in five years
Aug 06, 2013 (LBO) – Sri Lanka domestic and foreign currency issues will expand three fold over the next five years, Fitch Ratings said in Colombo. “The excitement in the bond market is a step in the right direction for Sri Lanka to become a financial hub for South Asia,” Maninda Wickramasinghe, chief executive of […]
Sri Lanka Treasuries yields edge up
Aug 06, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield edged up 05 basis points to 10.57 percent at Wednesday’s auction, the state debt office said. There were no offers or sales of three and six month bills. The debt office offered 12.0 billion rupees in bills for rollover and sold 17.6 billion rupees in […]
‘s faster growth bucking trend: Fitch
Aug 05, 2013 (LBO) – Sri Lanka’s economy is growing faster despite a slow global recovery, but the country needs more savings and foreign direct investments to reduce borrowings, senior rating analysts at Fitch said.Andrew Colquhoun, senior director and head of Asia Pacific sovereign ratings said a global recovery was still patchy, with the outlook […]
Sri Lanka steps up security as protest toll rises
COLOMBO, August 4, 2013 (AFP) – Police poured into a village near Sri Lanka’s capital ahead of the funeral Sunday of a teenager shot dead by troops during a protest against contaminated water, residents said. Criticism by the opposition and rights groups of the army’s use of force has mounted since the shootings.Private television networks […]
Hundreds denounce army killing of Sri Lanka protesters
August 5, 2013 (AFP) – Several hundred anti-government supporters staged a rare protest Monday in Sri Lanka’s capital to denounce a deadly army crackdown on villagers who were demonstrating against contaminated water supplies.Sri Lanka has denied that its troops were responsible for killing civilians or committing any war crimes. Around 300 followers of the left-wing […]