Author: lbostgadmin
Arrest Move
October 6, 2010 (AFP) – Sri Lankan police said Wednesday they were seeking the arrest of men and women who had starred in locally-made pornographic movies and would soon publish headshots in the newspapers. The Children’s and Women’s Bureau of the police said it planned to send photographs of the local porn stars to the […]
Sri Lanka stocks close down 1.34-pct
Oct 07, 2010 (LBO) – Sri Lankan shares closed lower Thursday, down for the fourth straight day, after a roller-coaster ride that saw the market plunge steeply on opening, bounce back and then fall on profit-taking, brokers said. The All Share Price Index closed at 6,770.74, down 1.34 percent (91.93 points) while the more liquid […]
Sri Lanka official forex reserves exceed US$7bn: central bank
Oct 07, 2010 (LBO) – Sri Lanka’s gross official reserves surpassed the seven billion US dollars level on October 04, the central bank said in a statement. The level of reserves is equivalent to over 6. 8 months of imports and is the highest ever reserves level of Sri Lanka, it said. On October 05 […]
Sri Lanka made right decision on gold: Central Bank Governor
Oct 06, 2010 (LBO) – Sri Lanka made the right decision in increasing the gold component of reserve assets, Central Bank Governor Nivard Cabraal said as gold prices hit fresh highs on loose US monetary policy that is driving the dollar down as well as higher real demand. About 11 percent of the central bank’s […]
Sri Lanka says met IMF targets, mission in November
Oct 06, 2010 (LBO) – Sri Lanka has met key quantity targets in September for foreign reserves, local borrowing and money creation limits, under a deal with the International Monetary Fund, the Central Bank said. Sri Lanka has not yet released the IMF staff review of the economy was given to the board of the […]
Commonwealth Games medals table
NEW DELHI, October 5, 2010 (AFP) – Commonwealth Games medals table after Tuesday’s events:- Gold Silver Bronze Total Australia 9 9 5 23 India 5 4 2 11 England 2 6 4 12 Malaysia 2 2 1 5 South Africa 2 2 1 5 Canada 2 0 5 7 Singapore 2 0 0 2 Nigeria […]
Sri Lanka Insurance Corporation sees steep upturn
Oct 06, 2010 (LBO) – State-run Sri Lanka Insurance Corporation (SLIC), the island’s largest insurer by assets is seeing a steep increase in life and motor insurance premium collection and it is also expanding in to the former war-torn north and east of the island. SLIC has collected 9.5 billion rupees in gross written premium […]
” mystery
WASHINGTON, October 6, 2010 (AFP) – The US space agency NASA announced Tuesday it has given the green light to a mission to Mars aimed at investigating the mystery of how the “red planet” lost its atmosphere. NASA gave the approval Monday for “the development and 2013 launch of the Mars Atmosphere and Volatile Evolution […]
‘s old car gets green treatment
Oct 06, 2010 (LBO) – The official car used by the US envoy in Colombo has been shipped to its German maker for recycling, instead of being buried in the sea under a new green policy, the US embassy in Colombo said. “Formerly, the Embassy disposed of Ambassadors’ cars by sinking them off the coast […]
Legal Muzzle
Oct 06, 2010 (LBO) – The Sri Lankan government is trying to suppress exposures of state corruption by launching criminal investigations against the Sri Lankan branch of Transparency International (TISL), a corruption watchdog, a rights body said. “In this way any person may be imprisoned through fabricated charges and by the abuse of criminal justice […]
Capital Injection
Oct 06, 2010 (LBO) – Sri Lanka’s The Finance Company is to issue 100 million non-voting shares at 20 rupees each to deposit holders to convert into equity part of their deposits which were blocked after the firm suffered a run, a statement said. The shares will be issued to fixed deposit holders to convert […]
Vroom
Oct 06, 2010 (LBO) – Sri Lanka’s Diesel and Motor Engineering Company, agents for Mercedes Benz and Tata vehicles, says monthly volumes have doubled to 1,000 units from a year earlier following an economic upturn and cuts in vehicle taxes. The firm also sells Chrysler and Jeep brands from the US, Mahindra and Mahindra vehicles […]