Author: lbostgadmin
Sri Lanka stocks close down 0.6-pct
Dec 06, 2010 (LBO) – Sri Lankan stocks ended down 0.63 percent Monday with some investors cashing out to re-align portfolios, brokers said. The All Share Price Index closed at 6,506.30, down 0.63 percent (41.38 points) while the Milanka index of liquid stocks dipped 1.12 percent (79.21 points) to close at 6,976.24, according to Colombo […]
Sri Lanka central bank forex seller in Nov
Dec 06, 2010 (LBO) – Sri Lanka’s central bank sold 89. 05 million US dollars in November to maintain the country’s peg, with the US dollar as credit grew and economic activities picked up, official data show. Excess liquidity in the banking system is still high at 128 billion rupees. The bank is a net […]
‘s workforce boom is a mixed blessing: experts
NEW DELHI, December 5, 2010 (AFP) – An explosion of working-age people in India could serve as an engine of economic growth — or bring social turmoil, experts say. Over the next two decades, India’s working-age population will increase by 240 million — four times the entire population of Britain — according to investment house […]
Asset Realization
Dec 05, 2010 (LBO) – Sri Lanka’s Supreme Court which is hearing a case on liquidating assets of a failed financial firm has approved the sale of hotel to repay depositors, a media report said. Ceysands and Golden Key are in Sri Lanka’s Ceylinco group. Golden Key depositors are said to be owed between 13 […]
Malaysia cuts fuel, sugar subsidy to trim deficit
KUALA LUMPUR, December 4, 2010 (AFP) – Malaysia has cut subsidies for fuel and sugar, a report said Saturday, in a bid to reduce its budget deficit by saving the government 1. 18 billion ringgit (376 million dollars). The opposition scored unprecedented gains in elections in 2008 which saw it claim five states and a […]
‘s Herath shines on rain-hit day
PALLEKELE, December 4, 2010 (AFP) – Sri Lanka’s Rangana Herath bagged three wickets in five overs before the West Indies reached 303-8 in their first innings on the penultimate day of the third and final Test on Saturday. Sulieman Benn was unbeaten on 29 with the help of two sixes and Kemar Roach on 12 […]
‘s top hydro reservoir starts to spill
Dec 04, 2010 (LBO) – Sri Lanka’s Victoria reservoir in the Mahaweli river started to spill Saturday for the first time since 2006 amid heavy rains lashing the island, raising the possibility that downstream reservoirs may also spill. Water then flows to Randenigala lower in the cascade. The reservoir is about three meters below. It […]
Spanish judge jails three Pakistanis in forgery probe
MADRID, December 3, 2010 (AFP) – A judge in Spain Friday remanded in custody three of seven people arrested in an operation against a gang suspected of forging passports for Al-Qaeda-linked groups, court sources said. These included the 2004 Madrid bombings, when blasts on packed commuter trains in a city suburb killed 191 people and […]
Credit Upturn
Dec 04, 2010 (LBO) – Sri Lanka’s loans to private citizens from commercial banks grew 15. 5 percent to 1,361.5 billion rupees in September from a year earlier while credit to government grew at a slower 6. 8 percent. After contracting in 2009, credit to private business had grown 165 billion rupees. In the month […]
‘s talk
December 2, 2010 (AFP) – Sri Lanka’s government lambasted the prestigious Oxford Union Thursday for cancelling a talk by President Mahinda Rajapakse following protests from ethnic Tamil groups. Rajapakse was scheduled to make a speech to the union, Oxford University’s debating society, which has hosted speakers ranging from Michael Jackson to the Dalai Lama, but […]
Sri Lanka sees anti-British protests over Oxford snub
December 3, 2010 (AFP) – Hundreds of ruling party activists demonstrated at the British embassy in Colombo Friday to denounce Oxford University’s debating society for cancelling a talk by President Mahinda Rajapakse. “Down with anti-Sri Lanka policy! ” shouted activists led by Housing Minister Wimal Weerawansa, who spearheaded protests against the United Nations in July […]
Sri Lanka war crime probe position unchanged: US
Dec 03, 2010 (LBO) – The United States has consistently called on Sri Lanka to have a credible probe into alleged war crimes during its war against Tamil Tiger separatists, a statement from the US embassy said. The statement was issued after news reports that US Ambassador Patricia Butenis reportedly cast doubt whether Sri Lanka […]