Author: lbostgadmin
Language Skills
Sept 14, 2011 (LBO) – Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the corporate sector, under an agreement signed between the two governments. Inadequate English language skills has been cited as a reason for hiring difficulties by the […]
Sri Lanka stocks end down 0.5-pct
Sept 14, 2011 (LBO) – The slide in Sri Lanka’s stock market continued Wednesday with turnover also falling amid continued trade in stocks that had attracted speculators, brokers said. There were two crossings or off-market private deals of Distilleries Company of 350,000 shares at 175 rupees each. It closed at 175.10, up 10 cents. The […]
Sri Lanka Treasuries yields steady
Sept 14, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the 3-month yield flat at 7. 11 percent data from the state debt office showed. The 6-month yield edged up one basis point to 7. 20 percnet and the 12-month yield rose one basis point to 7.26 percent. The debt […]
OECD points to general slowing of main economies
PARIS, September 12, 2011 (AFP) – The main economies in the world are set for a general slowdown, the OECD said on Monday on the basis of its leading index of underlying signals in its member countries. The Organisation for Economic Cooperation and Development, which already warned of potential pockets of recession last week, said […]
‘s former war zone
September 13, 2011 (AFP) – US Assistant Secretary of State Robert Blake toured Sri Lanka’s former war zone on Tuesday to meet students, community leaders and government officials two years after the island’s civil war ended. Blake, the top US diplomat for South and Central Asia, was in the northern Jaffna region to see development […]
Sri Lanka solid waste power plant by Malaysian firm
Sept 13, 2011 (LBO) – Malaysia’s Octagon Consolidated said it close to finalizing a 40MegaWatt municipal waste burning power plant in the Western Province Sri Lanka where the island’s capital is located. The westerna province waste management authority had earlier said in its website that it was negotiating a 40MW waste burning plant with a […]
Foreign Relations
Sept 13, 2011 (LBO) – The Sri Lanka unit of UAE’s Etisalat said it is offering a discounted international call package to migrant workers in partnership with the island’s main foreign employment agency association. “As an international company operating in a country that has a significant segment of its labor force working overseas, we understand […]
UN Report
UNITED NATIONS, September 13, 2011 (AFP) – UN leader Ban Ki-moon on Monday sent a report accusing Sri Lankan troops of killing tens of thousands of civilians to the UN Human Rights Council, bringing a potential international inquiry one step closer. Ban has said that he alone cannot order an inquiry into the killings during […]
Animal Sacrifice
September 13, 2011 (AFP) – A Sri Lankan minister led a protest march on Tuesday that forced organisers to abandon an annual Hindu sacrifice ritual in which hundreds of goats were due to slaughtered. Public Relations Minister Mervyn Silva, a member of the Buddhist majority, arrived at the Munneswaram Hindu temple, 80 kilometres (50 miles) […]
Australian cows to prop up Sri Lanka rupee, increase incomes
Sept 13, 2011 (LBO) – Sri Lanka’s state-run cattle farms are getting cows from Australia to become ‘self sufficient’ in milk and reduce “the drain on the country™s foreign exchange resources”, the finance ministry said. A 12.9 million US dollar project co-financed by Australia’s Export Finance Insurance Corporation (EFIC) Cooperative and Centrale Raiffeisen-Boerenleenbank (Rabobank) of […]
Sri Lanka stocks end down 0.5-pct
Sep 13, 2011 (LBO) – Sri Lankan stocks slumped again Tuesday continuing a slide that began towards the end of last week, with the highlight being trading in Lanka Milk Foods in which there were several deals, brokers said. The main All Share Price Index fell 0.54 percent (37.58 points) to 6,930.04, while the more […]
Sri Lanka rupee pressured, liquidity tightens
Sept 13, 2011 (LBO) – Sri Lanka’s rupee continued to be pressured in forex markets with the spot dollar held at 110. 10 rupees with forex sales by authorities Tuesday, dealers said, while liquidity tightened despite fresh injections. Excess liquidity in the interbank market fell to 27. 6 billion rupees Tuesday from 31.4 billion rupees […]