Author: lbostgadmin
Laying Tracks
Aug 18, 2010 (LBO) – Sri Lanka has given another deal to an Indian company to rebuild part of the northern rail track destroyed by war using a soft loan from the Indian government, officials said. The Indian government-owned IRCON International signed the contract with the island’s transport ministry, Tuesday, to rebuild the Medawachchiya-Madhu Road […]
Sri Lankan stocks close up 2.19-pct, passes 5,400 points
Aug 18, 2010 (LBO) – Sri Lankan stocks closed at a new high and passed the 5,400 points mark Wednesday, from buying interest mostly on midcap and ‘penny’ stocks, while deals on Lion Brewery and Ceylon Investments boosted revenues, brokers said. In a private deal over 964,000 shares of John Keells Holdings changed hands at […]
‘ travel
VANCOUVER, August 17, 2010 (AFP) – Canadian authorities are investigating whether Sri Lankan rebels financed the passage of nearly 500 Tamil refugees to Canada last week, officials said Monday before the start of detention hearings. Public Safety Minister Vic Toews, speaking to The Globe and Mail daily in an article Monday, said passengers were charged […]
Sri Lanka vets go on strike over elephants
August 17, 2010 (AFP) – Sri Lankan wildlife veterinarians have gone on strike to protest at the alleged mishandling of elephant conservation which has resulted in an increase in deadly attacks, a union leader said Tuesday. “There is no proper management of wild elephants who are being pushed into narrow habitats as the government allows […]
Sri Lanka LOLC buys beach resort for Rs310mn
Aug 17, 2010 (LBO) – Sri Lanka’s LOLC group has bought control of a beach resort on the west coast for 310 million rupees and is in talks with international chains to manage the property, a stock exchange filing said. LOLC said it is holding talks with a “few world-renowned hotel chains” that have shown […]
Bank Numbers
Aug 17, 2010 (LBO) – Hatton National Bank (HNB) group June quarter profits rose 22 percent to 1.22 billion rupees from high interest margins and higher fee based income, while loan loss provision costs had also come down, a stock exchange filing showed. In June quarter 2010, interest income was down 16 percent to 7.57 […]
European Link
Aug 17, 2010 (LBO) – Logistics firm DHL has launched a direct Less-than-Container Load (LCL) service from Colombo and Singapore to Koper, Slovenia, improving connectivity with Eastern Europe, a statement said. The direct service, operated by Danmar Lines, DHL Global Forwarding’s in-house carrier, will shorten transit time between Sri Lanka and Singapore with Slovenia. “Small […]
Keel Laying
Aug 17, 2010 (LBO) – Colombo Dockyard has laid the keel for construction of the second vessel of a series of two 130 Ton Bollard Pull Anchor Handling Tug Supply Vessels (AHTSV) Tuesday, a statement said. “The keel laying ceremony signifies the commencement of construction work of the AHTSV, which is one of the biggest […]
Sri Lankan stocks close up 2.21- pct
Aug 17, 2010 (LBO) – Sri Lankan stocks rallied for the third straight day, Tuesday, from renewed buying interest on midcap stocks despite low trading volumes, while retail interest on volatile ‘penny’ stocks continued, brokers said. The All Share Price Index closed at 5,305.80, was up 2.21 percent (114.50 points) while the Milanka index of […]
‘s party to appeal conviction
August 15, 2010 (AFP) – Sri Lanka’s former army chief Sarath Fonseka will appeal against a court martial conviction that stripped him of his rank, pension and prestige, his political party announced Sunday. President Mahinda Rajapakse formally removed Fonseka’s rank and medals and stopped his pension on Saturday, a day after a court martial found […]
Sri Lanka Tamil on ship bound for Canada died at sea: Tamil Congress
MONTREAL, August 15, 2010 (AFP) – A Tamil man who travelled with hundreds of other Sri Lankan migrants aboard a cargo ship bound for Canada died during the trip and was buried at sea, the Canadian Tamil Congress said Sunday. “A man indeed died. We don’t know what kind of sickness he died from, but […]
Electronic Snooping
SAN FRANCISCO, August 16, 2010 (AFP) – Clashes between the maker of Blackberry smart phones and India, Saudi Arabia and the United Arab Emirates are the latest rounds in a cat-and-mouse game pitting authorities against technologies racing beyond their grasp. “Governments can go to the extreme of simply banning such technologies, but the economic ramifications […]