Author: lbostgadmin
Sri Lanka military says switched to unorthodox tactics to win war
June 02, 2011 (LBO) – Sri Lanka’s armed forces developed new, unorthodox tactics and techniques to win the war against Tamil Tiger separatists, learning from 30 years of battlefield experience, senior officers said. Field commanders and troops learned to be flexible and sometimes ignored conventional wisdom in the almost three-year military campaign that crushed the […]
”’ seeks global movie spotlight
CHENNAI, June 2, 2011 (AFP) – Science fiction film “Endhiran” was made in the south Indian language Tamil, but it pulled in huge profits from across the country and abroad — stoking global ambitions for “Kollywood”. Named after the Kodambakkam district of Chennai where many studios are based, the Tamil film industry aims to match […]
Sri Lanka shares end down 0.2-pct
June 02, 2011 (LBO) – Sri Lankan shares ended weaker Thursday with heavy trading in property firm Colombo Land & Development Company, which got a new board of directors and was the day’s highest gainer, brokers said. The main All Share Price Index closed at 7,375.90, down 0.15 percent (11.25 points) while the more liquid […]
Sri Lanka central bank to restore second historic building
June 02, 2011 (LBO) – Sri Lanka’s central bank which has restored a historic building in Colombo city’s old quarter which features colonial era architecture will begin work on a second building that it has bought, a top official said. The central bank officially opened ‘Lloyds Building’ in Sir Baron Jayetilleke Mawatha in Colombo’s Fort […]
Sri Lanka tax collections up but revenue deficit wide in 1Q
June 01, 2011 (LBO) – Sri Lanka’s first quarter 2011 state revenues rose 19. 5 percent from a year earlier to 218.4 billion rupees ahead of annual projections of 17. 8 percent with people paying 24.3 percent more taxes , but the revenue deficit was wide. Current expenses pulled ahead at a 9. 9 percent […]
Sri Lanka arrests police over firing at protesters
June 1, 2011 (AFP) – Two senior Sri Lankan police officers have been arrested over live rounds fired at protests against a pension bill at which 150 people were injured in violent clashes. Police spokesman Prishantha Jayakody said the two inspectors were held over their conduct at Monday’s protest in Katunayake, a town near the […]
Sri Lanka export zone to reopen Thursday
June 01, 2011 (LBO) – Sri Lanka’s Export Processing Zone next to the Katunayake international airport is to be reopened Thursday following violent protests by workers against a new government pension bill they opposed. The Board of Investment said it requests all employees attached to the enterprises in the zone, north of Colombo, to report […]
Pension Doubts
June 01, 2011 (LBO) – Sri Lanka’s main opposition has cast doubts on claims that a lifetime pension exceeding the contributed balance, will be paid through a controversial proposed pension plan for private citizens. “There is no way that the Government can make lifetime monthly pension payments via the proposed Private Sector Pension Scheme,” opposition […]
Step Down
June 01, 2011 (LBO) – Sri Lanka’s police chief has resigned over the shooting of protestors who opposed plans to build a pension fund by deducting more money from private sector workers who are already contributing to two state managed funds. A government statement said Inspector General Mahinda Balasuriya has decided to “tender his retirement” […]
Sri Lanka shares end down 0.4-pct
June 01, 2011 (LBO) – Sri Lankan shares ended weaker Wednesday with some interest seen in financial and property stocks, brokers said. The main All Share Price Index closed at 7,387.15, down 0.42 percent (30.92 points) while the more liquid Milanka index rose 0.08 percent (5.45 points) to close at 6,859.06, according to stock exchange […]
Sri Lanka Treasuries yields steady
June 01, 2011 (LBO) – Sri Lanka’s Treasury bill yields were steady at Wednesday’s auction the government’s debt office said, with only a part of maturing bills being sold to real buyers. The 3-month yield moved up 01 basis point to 7. 10 percent, the 6-month yield also moved up a basis point to 7.20 […]
Oil Trend
May 31, 2011 (LBO) – Lanka IOC, the Sri Lanka unit of Indian Oil Corporation lost 111 million rupees in the March 2011 quarter, on revenues of 16. 2 billion rupees, an analysis of audited accounts released to the Colombo stock exchange shows. Lanka IOC raised its diesel prices nine rupees above the competitor, state-run […]