Author: lbostgadmin
US envoy in Sri Lanka as UN rights meet starts
September 12, 2011 (AFP) – US Assistant Secretary of State Robert Blake arrived in Colombo Monday for talks that coincide with a UN meeting in Geneva that is set to discuss alleged war crimes during Sri Lanka’s ethnic conflict. Blake, the top US diplomat for South and Central Asia, would raise the allegations with all […]
Sri Lanka against UN sending probe report to rights body
GENEVA, September 12, 2011 (AFP) – Sri Lanka on Monday took issue with a planned UN move to forward a damning report on the country to the Human Rights Council, complaining that Colombo was not notified about the action. Sri Lanka Minister of Plantation Industries Mahinda Samarasinghe claimed that at a briefing on September 9 […]
Fresh Blood
Sept 12, 2011 (LBO) – Sri Lanka’s Millennium Information Technologies (MillenniumIT), a securities trading software specialist that is part of the London Stock Exchange group said it had appointed a new president and general manager. Amit Alok, takes over as president and general manager but will report to MilleniumIT founder Tony Weerasinghe who is now […]
Sri Lanka tourist arrivals up 29.6-pct in August
Sept 12, 2011 (LBO) – Tourist arrivals to Sri Lanka rose 29. 6 percent in August to 72,463 from a year earlier, with arrival in the first eight months up 35.2 percent to 537,787 data from the state tourism promotion agency showed. Visitors from Western Europe rose 17.8 percent to 30,053 with visitors growing 27. […]
Sri Lanka mulls listed state budget hotel firm
Sept 12, 2011 (LBO) – The Sri Lankan government plans to set up a listed company to manage ‘rest houses’, state-owned budget hotels often sited in scenic locations, according to its new tourism strategy. “Hence the government is currently looking at a few alternatives to facilitate domestic tourism.” It said it was considering “greater involvement” […]
State Support
Sept 12, 2011 (LBO) – Fitch Ratings Lanka has confirmed National Savings Bank’s (NSB) National Long-Term rating at ‘AAA(lka)’ with a stable outlook. “NSB’s rating reflects its full state ownership and importance to the government in terms of its stipulated policy role of mobilising retail savings and investing in government securities (GS),” a statement said. […]
Sri Lanka stocks end down 0.3-pct
Sep 12, 2011 (LBO) – Sri Lankan stocks ended lower Monday continuing a slump that began towards the end of last week, with mostly speculative trading seen, brokers said. The main All Share Price Index fell 0. 32 percent (22.71 points) to 6,967.62, while the more liquid Milanka index fell 0. 25 percent (15.89 points) […]
Sri Lanka Daya Apparel to open factories in east
Sept 11, 2011 (LBO) – Sri Lanka’s Daya Apparel Export is setting up three factories in eastern Amparai district, part of the former war zone, with 20 production lines capable of exporting over 2. 4 million pieces of apparel a year. “The project will emphasize equitable employment opportunities for both women and men. ” The […]
Boat People
Sept 11, 2011 (LBO) – Sri Lanka has arrested a fishing vessel with 40 people suspected to be illegal migrants headed for Australia, an official said. Sri Lanka navy has stepped up naval patrols and strengthened its presence along the island’s coast to combat piracy and illegal immigration. “The boat was arrested off the island’s […]
Sri Lanka sugar firm raises capital
Sept 11, 2011 (LBO) – Sri Lanka’s Pelwatte Sugar Industries, which produces sugar and alcohol has made a 306 million cash call to fix its finances by selling one share for every four held by current shareholders. The firm said in a stock exchange filing that it had a stated capital of 679 million rupees […]
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September 10, 2011 (AFP) – Sri Lanka said Saturday that Amnesty International comments on the island’s probe into its military victory over Tamil rebels, were an “interference” in the country’s sovereignty. Amnesty International on Wednesday said Sri Lanka’s inquiry panel was “flawed at every level” and no substitute for an international war crimes investigation. The […]
‘s Maldives unit in IPO
Sept 10, 2011 (LBO) – Sri Lanka’s Amana Takaful, an insurer operating on Shariah islamic finance rules said its unit in the Maldives selling 800,000 shares to raise 16 million rufiyaa in an initial public offer. The offer would open on September 20. The firm would sell the shares at 20 rufiyaa each. Amana Takaful […]