Author: lbostgadmin
Sri Lanka budget revenues on track, expenses up in July
Sept 20, 2010 (LBO) – Sri Lanka’s state revenues were on track with a projected budget for the first seven months to July 2010 but current expenses have started to creep up, keeping the revenue deficit wide, official data show. Total revenues were up 22.7 percent to 355.4 billion rupees up to July, with non-tax […]
Jail Protest
September 19, 2010 (AFP) – Sri Lanka’s ex-army chief and opposition leader Sarath Fonseka on Sunday rejected his conviction at a court martial and said he would fight against a proposed three-year jail term. Fonseka, in a statement released through his democratic National Alliance (DNA) party, said he did not accept Friday’s verdict in a […]
Legal Cover
Sept 20, 2010 (LBO) – Corporate lawsuits are on the rise in Sri Lanka with the collapse of financial firms and a new company law making directors and executives more accountable, an insurance industry official said. Not only globally but in Sri Lanka too the trend of claims filed against corporate executives exposing them to […]
Detention Protest
SYDNEY, September 20, 2010 (AFP) – A Fijian man died suddenly at a Sydney immigration centre Monday, officials said, with a protest breaking out in the compound after claims he had jumped from a rooftop fearing deportation. Immigration officials said they were helping a police investigation into the “sudden death of a 36-year-old detainee” at […]
‘s end
Sept 20, 2010 (LBO) – Sri Lanka is to impose a new levy on tea exports to raise funds for marketing and advertising to increase its market share in the highly competitive beverage market, officials said. Upali Dissanayake, additional secretary of the Ministry of Plantation Industries, said the law to enable the collection of the […]
Sri Lanka airport transit facilities boosted: state airline
Sept 20, 2010 (LBO) – Facilities for transit passengers in Sri Lanka’s international airport at Katunayake has been boosted with a 24-room hotel, which is under the management of state-run SriLankan airlines, the national carrier said. The airport has eight rooms with double beds, and eight rooms with a single deb and an attached bathroom. […]
Sri Lankan stocks close up 0.99-pct
Sep 20, 2010 (LBO) – Sri Lankan stocks closed at another record high Monday, after a 10 percent upward and downward price band was lifted, while heavy buying of property development and finance firms boosted turnover, brokers said. The All Share Price Index shot up in early trade, with the previously announced expiry of the […]
Sri Lanka probes negligence after dynamite depot blast
KARADIYANARU, September 18, 2010 (AFP) – Sri Lankan authorities on Saturday probed negligence as a possible cause of a powerful blast at a dynamite depot in the island’s east that killed 25 people. The military said that 16 policemen, two Chinese contractors and seven Sri Lankan civilians died in Friday’s explosion in Batticaloa district, while […]
Global brands face growing labour militancy in Asia
DHAKA, September 19, 2010 (AFP) – Global retailers fleeing China’s rising labour costs now find themselves facing growing pressure for higher wages in countries from Bangladesh to Cambodia, Vietnam, India and Indonesia. The latest sign that workers are becoming more militant in their demands for a larger share of the region’s economic success came in […]
‘s Super Kings face survival battle
PORT ELIZABETH, September 18, 2010 (AFP) – After an unsuccessful gamble by captain Mahendra Singh Dhoni, the Chennai Super Kings will have to wait until Wednesday to know whether they will qualify for the semi-finals of the Champions League Twenty20 tournament. Chennai were beaten in a Super Over by Australia’s Victoria Bushrangers at St George’s […]
Set Free
VANCOUVER, September 18, 2010 (AFP) – Canada’s Federal Court ordered Friday the release of four women out of nearly 500 Tamils from Sri Lanka, who arrived via a cargo ship in Western Canada last month and claimed refugee status. As of Friday the government had appealed all but one release order — for a heavily-pregnant […]
Sri Lanka begins clearing after major accidental blast
KARADIYANARU, September 18, 2010 (AFP) – Sri Lankan authorities Saturday began clearing rubble and wreckage after 25 people were killed in the first major explosion since the end of a decades-long civil war. Heavy earth-moving equipment was being brought to the village of Karadiyanaru, in the east of the island, as families of victims prepared […]