Author: lbostgadmin
Sri Lanka RAM Ratings get new directors
Jan 15, 2010 (LBO) – Sri Lanka’s RAM Ratings unit said two new directors, Preethi Jayawardena and Liza Mohn Noor have been appointed to its board from January 2010. Jayawardena is a Fellow of the Institute of Chartered Accountants of Sri Lanka, is managing director of Chemanex Plc. , a listed firm, a member of […]
Sri Lanka state trading firm imports Pakistan rice to cool crisis
Jan 14, 2010 (LBO) – A Sri Lankan state trading firm has imported a stock of rice from Pakistan as domestic prices shot up in a market mired in heavy handed state intervention. Shops run of supplies, a situation known as a ‘shortage’ in economic terms, happens only when there are price controls. Without government […]
‘s ruling party in election: report
January 14, 2010 (AFP) – Sri Lanka stopped using heavy weapons against Tamil Tiger rebels to help the re-election bid of neighbouring India’s ruling party, a top official in Colombo said Thursday. Sri Lanka’s 12.5 percent minority Tamil community has close cultural and religious links with India’s Tamil Nadu state, which was once the staging […]
Sri Lanka wins tri-series beating India
DHAKA, January 13, 2010 (AFP) – Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to guide Sri Lanka to a four-wicket win over India in the triangular one-day series final here on Wednesday. Jayawardene top-scored with an unbeaten 71 and skipper Sangakkara made a brisk 55 as Sri Lanka passed India’s 245 with nine balls […]
Sri Lanka flights filling up: Etihad Airways
Jan 14, 2009 (LBO) – Abu Dhabi based Etihad Airways is seeing growth in traffic after it resumed services to Colombo with tourist arrivals also expected to pick after a 30-year war ended in the island, officials said. The airline is also banking on an upturn in tourist traffic after a 30-year war ended last […]
Sri Lanka opposition says better governance will preserve trade concessions
Jan 13, 2010 (LBO) – Sri Lanka’s opposition presidential candidate promised better governance which will lead to a continuation of trade concessions from the European Union and tough new anti corruption laws. Analysts say a currency depreciation would help improve the competitiveness of exporters and also help increase nominal state revenues to help finance a […]
One killed in Sri Lanka poll attack: police
January 12, 2010 (AFP) – Gunmen in Sri Lanka on Tuesday opened fire on a bus carrying supporters of the main opposition presidential candidate, killing one political activist, police said. Several other people were wounded when unidentified attackers sprayed bullets into the vehicle of campaigners backing Sarath Fonseka, who was not in the area at […]
Sri Lanka public service, rule of law undermined by constitution: rights body
Jan 13, 2010 (LBO) – Sri Lanka’s post independence constitutions of 1972 and 1978 and the scrapping of the institution of permanent secretaries has usurped the rule of law and destroyed the impartiality of the public service, a rights body has said. Above the Law Fernando says the 1978 constitution where the president was placed […]
Sri Lanka election violence escalates after killing
January 13, 2010 (AFP) – Sri Lankan police Wednesday broke up clashes between political activists as violence linked to looming presidential polls escalated after gunmen shot dead an opposition party worker. Tear-gas was fired to disperse thousands of party workers in the eastern town of Polonnaruwa, local officials said by telephone. About 3,000 opposition supporters […]
Scenes of horror, devastation in Port-au-Prince
PORT-AU-PRINCE, January 13, 2010 (AFP) – In just one terrifying minute the earth convulsed Tuesday in Haiti, flattening buildings and casually tossing chunks of twisted metal and concrete into the air. Thousands fled sobbing in terror and panic onto the streets of the capital Port-au-Prince, seeking to escape the fury of the 7.0 earthquake. But […]
Ship Sale
Jan 13, 2010 (LBO) – Sri Lanka’s Mercantile Shipping Company is selling one of it ships, merchant vessel ‘Safmarine Soyo’, the firm said in a stock exchange filing. The vessels were ordered from Bodewes Ship Yard in the Netherlands by Mercantile Emerald Shipping (Pvt) Ltd, a fully owned subsidiary of Mercantile Shipping Co. The firm […]
Handling Record
Dec 13, 2009 (LBO) – Sri Lanka’s privately owned South Asian Gateway Terminals at Colombo port handled a record high volume of containers despite a global economic slump which reduced shipping volumes worldwide, data released by the firm showed. The other is state owned Jaya Container Terminal (JCT), the port’s main transshipment facility, has seen […]