Author: lbostgadmin
Sri Lanka ties held back by rights concerns, US says
WASHINGTON, April 5, 2011 (AFP) – The United States said Tuesday that future cooperation with Sri Lanka depended on improvements in its human rights record and an accounting of the bloodshed at the end of the island’s civil war. With its strategic location and contributions to global peacekeeping, Sri Lanka “is poised to be a […]
Sri Lanka vice-captain, selectors quit
April 6, 2011 (AFP) – Veteran batsman Mahela Jayawardene quit as vice-captain and a three-member selection committee also resigned en masse in a major shake-up in Sri Lankan cricket following the team’s World Cup defeat. “I think it’s time to move on, give the reins to someone younger in the team,” Jayawardene told AFP. The […]
Sri Lanka to strengthen airline passenger, investor protection
Apr 06, 2011 (LBO) – Sri Lanka plans to introduce consumer protection laws and ratify international conventions that will better protect investors and ensure higher compensation for airline passengers, an official said. The convention safeguards claims of all parties in airline transactions and gives an assurance to investors to invest in the sector, Nimalsiri said. […]
‘s Satya Sai Baba in critical condition: doctors
HYDERABAD, April 5, 2011 (AFP) – One of India’s best-known spiritual leaders, known for his apparent miracles and long list of influential followers, is on life support in hospital, doctors said Tuesday. Satya Sai Baba, 85, who has devotees in more than 100 countries, was admitted to a hospital funded by his organisation in the […]
Scribe Network
WASHINGTON, April 6, 2011 (AFP) – Facebook on Tuesday launched a media resource page to help journalists use the social network as a reporting tool and better connect with their audience. The “Journalists on Facebook” page is intended to be “an ongoing resource for the growing number of reporters using Facebook to find sources, interact […]
Transport Trouble
Apr 06, 2011 (LBO) – Sri Lanka’s supply chain losses are the highest in the region with a poor road network and congestion resulting in transport delays and higher costs, an expert said. Kumarage, a former chairman of the national transport commission, said better transport policies and implementation were required apart from building better roads […]
Sri Lanka shares end lower
Apr 06, 2011 (LBO) – Sri Lankan shares closed lower Wednesday with poultry sector stocks again drawing interest along with a hotel that boosted turnover, brokers said. The All Share Price Index closed at 7,359.90, down 0.14 percent (10.12 points) while the more liquid Milanka index fell 0.37 percent (25.85 points) to close at 6,996.43, […]
Sri Lanka Treasuries yields flat
Apr 06, 2011 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with six billion rupees of maturing bills being sold to real buyers, the government’s debt office said. The 3-month yield was 6.99, up one basis point, with 2,560 million rupees in bills being sold and the 6-month yield rose one […]
Sri Lanka gets more IMF cash; warned on excess liquidity
Apr 05, 2011 (LBO) – The International Monetary Fund has given Sri Lanka 218. 3 million dollars under its 2.5 billion US dollar program but called on the Central Bank to tighten liquidity management to prevent further inflation. Authorities expect Sri Lanka to generate less inflation after April. Sri Lanka is also expected to change […]
Sri Lanka IMF targets waived due to lack of data: official
Apr 05, 2011 (LBO) – Sri Lanka’s requirement for targets under an International Monetary Fund was “waived” because data was not available in time and not because they were missed, an official said. IMF’s Colombo representative Koshy Mathai said the lender gave the latest tranche despite the data not being available all the indications pointed […]
Half Share
Apr 05, 2011 (LBO) – Sri Lanka’s Laugfs Gas will get 50 percent of the liquefied petroleum gas (LPG) produced by state-run Ceylon Petroleum Corporation, up from an earlier 30 percent on a presidential directive, the company said. The directive followed an April 04 meeting with the President attended by Treasury Secretary P B Jayasundera, […]
Sri Lanka captain Sangakkara quits
April 5, 2011 (AFP) – Sri Lanka’s cricket captain Kumar Sangakkara said on Tuesday he was resigning from the job three days after his team lost to India in the World Cup final. Sangakkara said he told the national selectors that he would quit as one-day and Twenty20 captain with immediate effect, but offered to […]