Author: lbostgadmin
Sri Lanka sells USD278mn in bonds
June 21, 2010 (LBO) – Sri Lanka has sold 278 million US dollars in two and three year bonds at prices over 380 basis points above the 6-month London Interbank Offered Rate, rolling over 275 million US dollars of maturing debt. The government’s debt office said it sold 102 million US dollars of 3-year bonds […]
” govt: report
June 20, 2010 (AFP) – A senior leader of Sri Lanka’s defeated Tamil Tiger rebels has agreed to help the government in its post-war reconstruction efforts, a state-run newspaper reported Sunday. The UN estimates that up to 100,000 people were killed in Sri Lanka’s ethnic conflict which began in the 1970s. The UN has also […]
Japan backs UN war crimes probe into Sri Lanka war
June 20, 2010 (AFP) – A visiting Japanese envoy said Sunday his country backed efforts by the United Nations to investigate alleged war crimes committed in Sri Lanka during the final months of its ethnic conflict. Yasushi Akashi, whose country is a major donor to Sri Lanka, ended a five-day visit saying he detected a […]
India oust Pakistan in Asia Cup thriller
DAMBULLA, June 19, 2010 (AFP) – Harbhajan Singh smashed the penultimate ball from Mohammad Aamer for a six as India knocked Pakistan out of the Asia Cup with a three-wicket win on Saturday. Raina and Harbhajan then stepped in to lead a brilliant recovery and crush a valiant Pakistan side’s hopes of staying alive in […]
Cricket-mad Indian touted as next Deutsche Bank CEO
BERLIN, June 20, 2010 (AFP) – Anshu Jain already captains Deutsche Bank’s cricket team, and a boardroom reshuffle last week means that the Indian big-hitter is now seen as a prime candidate to be chief executive too. Jain, 47, has just been appointed sole head of the German lender’s most powerful division, its corporate and […]
Arsenic in water poisoned 77 million Bangladeshis: report
DHAKA, June 20, 2010 (AFP) – Up to 77 million Bangladeshis have been exposed to toxic levels of arsenic from contaminated drinking water, and even low-level exposure to the poison is not risk-free, The Lancet medical journal reported. Over the past decade, more than 20 percent of deaths recorded in a study that monitored nearly […]
State Banking
June 20, 2010 (LBO) – Lankaputhra Development Bank, a state bank set up to fulfill an election promise, has increased its bad loans to 55. 9 percent in 2009, from 19.2 percent a year earlier, a government report has revealed. Lankaputhra or ‘sons of the Lanka’ bank was set up to fill a supposed lack […]
Dilshan shines as Sri Lanka crush Bangladesh
DAMBULLA, June 18, 2010 (AFP) – Tillakaratne Dilshan starred with bat and ball as Sri Lanka trounced Bangladesh by 126 runs on Friday to virtually book their place in the Asia Cup final. Dilshan smashed 71 off 51 balls and claimed three wickets as the defending champions piled up a commanding 312-4 in their 50 […]
Sri Lanka forum promotes joint South Asian stand at trade talks
June 19, 2010 (LBO) – South Asian countries like Sri Lanka have a common interest in forging a common regional stand in world trade talks, trade experts and economists told a meeting in Colombo. “If formalities are made to delay imports it becomes a trade barrier,” Sen said. He said South Asian countries should get […]
Future of whaling in the balance at global meet
PARIS, June 19, 2010 (AFP) – Pro- and anti-whaling nations face off next week in a battle over the 24-year-old ban on the commercial killing of whales. Gathering in Agadir, Morocco, the 88 countries of the International Whaling Commission (IWC) will tussle over controversial changes to a moratorium that has become an icon of green […]
‘s protest over war crimes panel
June 17, 2010 (AFP) – The United Nations will set up a panel to probe war crimes in Sri Lanka despite repeated protests from the island’s hawkish government, a top UN envoy announced in Colombo on Thursday. Sri Lanka has named a “lessons learnt” panel to study issues that led to conflict, but it has […]
Sri Lanka marks Tiger defeat amid probe pressure
June 18, 2010 (AFP) – Sri Lanka staged a delayed victory parade Friday to mark the first anniversary of the end of its 37-year civil war as pressure mounted for a probe into alleged crimes committed during the fighting. President Mahinda Rajapakse took the salute at the ceremony attended by thousands of troops drawn from […]