Author: lbostgadmin
UN releases report on Sri Lanka
UNITED NATIONS, April 25, 2011 (AFP) – The Sri Lankan army killed most of the tens of thousands of civilian victims of a final offensive against Tamil separatists in 2009 but both sides may be guilty of war crimes, a UN panel said Monday. UN Secretary General Ban Ki-moon said he could not order an […]
UN chief says no probe into Sri Lanka mass killings
UNITED NATIONS, April 26, 2011 (AFP) – UN chief Ban Ki-moon has said he cannot order an international probe into the killing of tens of thousands of civilians during Sri Lanka’s final assault on Tamil separatists in 2009. His remarks came after a UN panel said Monday that the Sri Lanka military killed most of […]
Australia to crack down on refugees after riots
SYDNEY, April 26, 2011 (AFP) – Australia moved to toughen its refugee stance Tuesday, launching a stricter character test so those convicted of crimes, including rioting, while in immigration detention could be shipped home. Immigration Minister Chris Bowen said the new law, if passed by parliament, would mean any asylum seeker found guilty of an […]
‘s Malinga defends Test retirement
April 26, 2011 (AFP) – Sri Lanka paceman Lasith Malinga on Tuesday brushed aside criticism that he quit Test cricket to be able to make quick money from tournaments such as the Indian Premier League. The injury-prone bowler invited controversy when he made himself unavailable for Tests during a forthcoming tour of England because of […]
Sri Lanka seeks N. American market access through Mexico
Apr 26, 2011 (LBO) – Sri Lanka is seeking to access North American markets under the NAFTA trade deal through partnerships with Mexican businesses, minister of industry and commerce Rishad Bathiudeen said. Mexican Ambassador Nualart said Mexican businesses want to invest in food processing, multiplex cinemas and construction, specially shopping complexes, in Sri Lanka. “Joint […]
Sri Lankan Airlines hires more pilots
Apr 26, 2011 (LBO) – Sri Lankan Airlines has hired 11 new pilots as it expands its fleet to meet increased demand for passenger and freight traffic after the end of the island’s 30-year ethnic war. Eleven young Sri Lankans have qualified to join SriLankan Airlines as pilots upon completion of training by the national […]
Galleon Case
NEW YORK, April 25, 2011 (AFP) – A jury began deliberating Monday in Wall Street’s biggest insider trading court case in years, targeting Galleon hedge fund founder Raj Rajaratnam, accused of profiting from insider information. Federal Judge Richard Holwell instructed jurors to use “fairness and impartiality” and said they are “the soul” of the case. […]
Book Stall
Apr 26, 2011 (LBO) – A Sri Lanka stall at the London Book Fair this month had attracted large numbers of visitors while several British authors had made inquiries about publishing their books in the island, participants said. The Sri Lanka Publishers Association, The Booksellers and Importers Association of Ceylon and the Export Development Board […]
Islamic Banking
Apr 26, 2011 (LBO) – Sri Lanka’s Amana Bank has signed a deal with Malaysia’s Bank Islam, which is a shareholder, to get Islamic banking expertise. A company statement said that under the Technical Advisory Service Agreement, Bank Islam will play a “significant role” in transferring Islamic banking expertise to Amana Bank. Bank Islam has […]
Sri Lanka motor shares weaken after duty hike
Apr 26, 2011 (LBO) – Sri Lankan shares closed mixed Tuesday with motor companies weakening after an impot duty hike that will increase prices of cars and reduce sales, brokers said. The main All Share Price Index was barely changed, closing at 7,349.17, up 0.05 percent (3.69 points) while the more liquid Milanka index fell […]
‘s Dilshan seeks early IPL exit
April 25, 2011 (AFP) – Sri Lanka’s new skipper Tillakaratne Dilshan, one of the stars of the Indian Premier League, has said he wants to leave the event early to travel with the national team to England on tour. Dilshan is keen to join the Sri Lankan squad when they fly to England on May […]
Sri Lanka Property Development gets in to hydro-power
Apr 25, 2011 (LBO) – Sri Lanka’s Property Development, a subsidiary of the state-owned Bank of Ceylon, has acquired hydro-power company for 23. 6 million rupees. The acquisition of a 95 percent stake in Koladeniya Hydropower was revealed in the company’s financial results for the March 2011 quarter filed with the Colombo stock exchange. Property […]