Author: lbostgadmin
Sri Lanka president must heal ethnic rift: analysts
January 28, 2010 (AFP) – Sri Lankans opted for stability in their first post-war presidential poll, but analysts say the results underscored simmering ethnic tensions that could once again tear the country apart. President Mahinda Rajapakse was re-elected with a resounding 57. 9 percent of the vote on Tuesday despite vociferous local and foreign criticism […]
US cheers polls, urges candidate safety, electoral abuse probe
Jan 28, 2010 (LBO) – The United States congratulated Sri Lanka’s President Mahinda Rajapaksa on his election to a second term in office but said the safety of candidates and campaign workers should be protected and allegations of electoral abuse probed. “The United States congratulates Sri Lanka for the first nationwide election in decades and […]
Sri Lankan stocks close 1.2-pct higher
Jan 28, 2010 (LBO) – Sri Lanka stocks recovered early losses Thursday to end the day 1. 25 percent higher in the first day of trading after President Mahinda Rajapaksa was returned to a second term, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,636.41 points, up 45.03 points, while the Milanka […]
Sri Lanka treasuries yields up
Jan 28, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up marginally across maturities at Tuesday’s auction, the government’s debt office said. The 3-month yield moved up 09 basis points to 7. 95 percent, the 6-month yield moved up 04 basis points to 8. 90 percent and the 12-month yield moved up 05 basis […]
Sri Lanka on edge as results released
January 27, 2010 (AFP) – President Mahinda Rajapakse has taken the lead in Sri Lanka’s tense election, officials said Wednesday, but the opposition said it was on course for power despite a row over its candidate’s eligibility. Election officials said Rajapakse, who is being challenged by his former army chief Sarath Fonseka, had won over […]
Sri Lanka postal ballots favour Rajapaksa
Jan 27, 2010 (LBO) – Sri Lanka’s President Mahinda Rajapaksa led in postal ballots of mostly state workers with opposition candidate Sarath Fonseka getting a lead in only districts in which results were declared. Common opposition candidate Fonseka led in postal ballots in Jaffna in the north and Batticaloa in the East with postal ballots […]
Sri Lanka President ahead in early results
Jan 27, 2010 (LBO) – Sri Lanka’s president Mahinda Rajapaksa was leading his rival, common opposition candidate Sarath Fonseka in early results in an election where over 70 percent of the electorate turned up to vote. Fonseka won the Jaffna polling division Updated Rajapaksa had bagged nearly 60 percent and Fonseka around 38 percent with […]
‘s hotel
January 27, 2010 (AFP) – Heavily armed troops on Wednesday surrounded the hotel occupied by Sri Lanka’s main presidential challenger, former army chief Sarath Fonseka, a military spokesman said. Brigadier Udaya Nanayakkara said troops were deployed following information that army deserters were among 400 people inside the lake-front luxury hotel in central Colombo “We have […]
Two killed in Sri Lanka post-poll violence
January 27, 2010 (AFP) – A Buddhist monk and another man were killed in a grenade attack on a temple in Sri Lanka’s central town of Gampola on Wednesday as presidential election results were being released, police said. Police spokesman I.M. Karunaratne said four others were wounded and a curfew had been declared in the […]
Sri Lanka president wins re-election
January 27, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse won a bruising re-election battle on Wednesday, but the result was rejected by his opponent who spent the day holed up in a hotel surrounded by troops. The election commissioner said Rajapakse had secured 57. 9 percent of the popular vote in Tuesday’s presidential poll […]
Even Keel
January 27, 2010 (LBO) – Sri Lankan finance company Vallibel Finance had its long term rating of ‘B+(lka) and stable outlook confirmed by Fitch Ratings Lanka. The rating considers Vallibel’s relatively small asset base, weak asset quality and modest financial profile, Fitch said in a statement. Although the company has successfully expanded its operations while […]
Sri Lanka heads to polls for tense election
January 25, 2010 (AFP) – Sri Lanka goes to the polls Tuesday in its first post-war presidential election, contested by the men who ended the island nation’s 37-year conflict but whose bitter clash threatens more instability. “If there is a war, we will face it,” he added, threatening street protests and rallies. Rajapakse, like Fonseka […]