Author: lbostgadmin
Sri Lanka shares hit new high
Apr 19, 2010 (LBO) – Sri Lankan stocks shot through the 4,000-point mark on the benchmark index Monday, hitting a new high as investors returned after holidays, enthused by anticipated higher corporate earnings and political stability after an election, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]
Sri Lanka state railways lose Rs4.7bn in 2009
Apr 18, 2010 (LBO) – Sri Lanka’s state-run railways lost 4,768 million rupees in 2009 up 4. 7 percent from the a year earlier, which was more than its annual revenues, while carrying lower volumes of cargo and passengers, the latest official data shows. Sri Lanka Railways operated 4,568 million passenger kilometres in 2009, down […]
Indian police defuse two bombs at cricket ground
BANGALORE, April 18, 2010 (AFP) – Police in the southern Indian city of Bangalore Sunday defused two crude bombs next to a cricket stadium, a senior officer said, a day after explosions outside the ground injured eight people, Both devices were found next to the 40,000-seater Chinnaswamy Stadium, where the blasts on Saturday sparked panic […]
Refugee Move
JAKARTA, April 18, 2010 (AFP) – Indonesia is likely on Monday to move scores of Sri Lankan migrants who have refused to leave their rickety boat for the past six months, the foreign ministry said. “Most probably on Monday…. Wait for the details tomorrow,” foreign ministry official Sujatmiko told AFP when asked about the expected […]
Post Loss
Apr 18, 2010 (LBO) – Sri Lanka’s state postal services lost 2. 4 billion rupees in 2009 up from 2.1 billion rupees in 2008 while the mail use has stagnated at 21 letters per inhabitant, official data showed. In 2007 the postal services lost 2. 8 billion rupees but prices were raised in the middle […]
Priviledged Deals
Apr 18, 2010 (LBO) – Sri Lanka’s state has shut out competitive bids from private insurers for state entities, drawing a warning that the move would increase the cost of state enterprises and raise burden of government to the ordinary man. Sri Lanka’s insurance sector, banking, telecoms, shipping, aviation and education were stifled for decades […]
Flight bans extended into next week as ash cloud lingers
LONDON, April 17, 2010 (AFP) – Millions of people faced worsening travel chaos Saturday as a volcanic ash cloud from Iceland, which risks lingering over Europe for up to five more days, forced countries to extend flight bans. France decided to shut the three airports in the Paris area and others in the north of […]
Sri Lanka US military in disaster readiness exercise
April 17, 2010 (LBO) – Sri Lanka’s military and the US Navy and conducted joint exercises on disaster readiness and medical response in the Eastern port city area of Trincomalee, the US embassy in Colombo said. “The joint exercise helped members from our two militaries to exchange best practices on how to address complex humanitarian […]
Wireless Vogue
Apr 17, 2010 (LBO) – Use of wireline phones, supplied only by the listed Sri Lanka Telecom, a former state monopoly, is on the decline, with subscribers shifting to mobile phones, the latest official data showed. The number of mobile connections increased by 25.9 percent to 13.9 million in 2009 from the year before, while […]
Clerical Probe
LA HAYE, April 16, 2010 (AFP) – A Catholic priest in the Netherlands has come under investigation over allegations of child abuse and embezzlement in Sri Lanka, Church officials and the police said Friday. The Rotterdam diocese said in a statement it had contacted the police and dismissed the priest. Rotterdam police spokesman Karel van […]
No Entry
NEW DELHI, April 17, 2010 (AFP) – The ailing mother of Sri Lanka’s slain Tamil Tiger leader Velupillai Prabhakaran has been denied entry to India for medical treatment, the Press Trust of India reported Saturday. Vallipuram Parvathi travelled from Malaysia to the southern Indian state of Tamil Nadu on Friday night, but was prevented from […]
Sri Lanka tea producers say need support for replanting
Apr 17, 2010 (LBO) – Sri Lanka’s plantations companies needs financial support to replant ageing trees as production costs rose, an industry official said as the state held back proceeds from an industry development levy. Dhamitha Perera, chairman of the Planters’ Association which represents corporate tea producers, said the costs of replanting estates with old […]