Author: lbostgadmin
Sri Lanka farmers to learn to live with wild elephants
Jan 18, 2009 (LBO) – Sri Lanka rural farmers living close to forested areas with wild elephants will be taught to manage human animal conflicts through a new model dairy pilot project, its promoters said. Exetel, an Australian IT firm that runs a call centre in Sri Lanka and the Sri Lanka Wildlife Conservation Society […]
India, Sri Lanka, Maldives run scrapped by Greek cruise line: report
Jan 19, 2010 (LBO) – Louise Cruises, a Greece based line which started a service running out of India to Sri Lanka and Maldives was pulling out after suffering losses due to high cost of operating out of Indian ports, media report said. The company was laying of 200 or relocating 200 crew hired for […]
Tax Plan
Jan 19, 2010 (LBO) – Sri Lanka is looking to reduce taxes on banks over the next few years allowing banks to generate more funds to recapitalize, as the economy is poised for a growth phase after the end of a 30-year war, an official said. “Over the next five years banks have to devise […]
Sri Lanka stocks extend losses in broad sell-off
Jan 19, 2010 (LBO) – Sri Lankan stocks fell 1. 2 percent Tuesday in a broad sell-off that as buyers awaited third quarter results and kept an eye on presidential polls due next week, brokers said. MTD Walkers, a Malaysian controlled construction firm, extended gains closing 43.00 rupees higher at 425.75 rupees. In brief stock […]
US hopes for better relations with Sri Lanka
WASHINGTON, January 18, 2010 (AFP) – Sri Lanka’s upcoming election is raising hopes in the United States for better relations after a chilly spell if the island turns the page on a bloody war that brought international opprobrium. The January 26 election comes months after troops killed the top leadership of the Tamil Tigers, ending […]
Sri Lanka air cargo volumes hit life high in Dec 09
Jan 18, 2010 (LBO) – Cargo volumes at Sri Lanka’s main international airport have hit a life high in December 2009, topping a previous record in 2006, the island’s state-run national carrier which operates the terminal said. Sri Lankan Airlines which operates the cargo terminal at Bandaranaike International Airport in Katunayake said 23 airlines had […]
Liberty
Jan 18, 2010 (LBO) – The first part of a series of forex control relaxations announced in January will be implemented from February 01, Central Bank Governor Nivard Cabraal said. Cabraal announced a sweeping easing of existing exchange controls on January 04, as part of a monetary policy direction for 2010. Relaxation “We announced measures […]
Sri Lankan stocks close 0.97-pct down on retail profit taking
Jan 18, 2010 (LBO) – Sri Lankan shares closed lower Monday as retailers took profits, while Hatton National Bank (HNB) and DFCC Bank sold out of Lanka Ventures to Acuity Partners, an investment bank, brokers said. The All Share Price Index closed at 3,528. 55, down 0.97 percent (34.59 points while the Milanka index of […]
Sri Lanka anchor currency inflation up
Jan 18, 2010 (LBO) – Consumer inflation in the United States, to whose currency the Sri Lanka rupee is tightly pegged, rose to 2.7 percent in December 2009 from a year earlier according to the latest data, as the island’s inflation also moved up. Sri Lanka has been quantity tightening from April 2009 by selling […]
Sri Lanka private sector credit up in November
Jan 18, 2010 (LBO) – Sri Lanka’s private sector loans surged 11. 7 billion rupees to 1,188 billion in November 2009, as rates fell to levels that stimulated credit demand, central bank governor Nivard Cabraal said. The Central bank has also pushed banks to lend in former war torn northern and eastern areas approving new […]
Sri Lanka orders tighter security after campaign shootings
January 17, 2010 (AFP) – Sri Lanka’s president ordered police to step up security ahead of presidential elections after a second political activist was shot dead this month, an official said Sunday. The ruling party supporter was killed on Saturday in the north-western Puttalam district where several others were injured when they clashed with opposition […]
Disaster Relief
LEOGANE, January 16, 2010 (AFP) – A first shipment of UN food aid arrived on Saturday in the ruined Haitian town of Leogane, where street after street of homes and businesses was torn apart by this week’s devastating earthquake. Just 17 kilometres (10 miles) west of the capital Port-au-Prince, Leogane was close to the epicentre […]