Author: lbostgadmin
Top Brands
Nov 03, 2009 (LBO) – Sri Lanka’s Munchee biscuit brand won top place as brand of the year, while Panadol, a paracetamol product, bagged the gold for the international brand at the eighth annual Sri Lanka Institute of Marketing (SLIM) brand awards. Unlike awards which recognizes creativity, SLIM brand award organizers say they judge the […]
Building Skills
Nov 03, 2009 (LBO) – Colombo Dockyard, a Sri Lankan shipbuilder, said it was eying more work for its heavy engineering division in the island as well as the south Asian region. The company said in a statement its subsidiary, Dockyard General Engineering Services (DGES), had changed its logo as it seeks to emerge as […]
Sri Lanka stocks fall despite rate cuts
Nov 03, 2009 (LBO) – Sri Lankan stocks ended weaker Tuesday despite last week’s interest rate cuts and better company earnings with brokers saying investors remained wary because of external factors and political uncertainty. “Investors are adopting a wait-and-see attitude. At any other time earnings increases would have pushed up the market but that also […]
Sri Lanka starts dollar swaps to absorb rupee liquidity
Nov 03, 2009 (LBO) – Sri Lanka’s central bank has started auctions of dollar-rupee swaps to withdraw excess domestic currency liquidity in the market and develop a new instrument to intervene in the market, an official said.Foreign reserves which fell to around a billion US dollars in March are now close to five billion US […]
15 feared dead as unidentified boat sinks off Australia
SYDNEY, November 2, 2009 (AFP) – About 15 people were feared dead on Monday after a boat carrying 39 sank in rough seas far off northwest Australia despite frantic rescue attempts by a passing merchant ship and fishing vessel.Defence chief Angus Houston said the unidentified boat capsized and then sank after the LNG Pioneer ship […]
Sri Lanka protests at US plan to quiz military chief: report
November 2, 2009 (AFP) – Sri Lanka summoned the United States ambassador in Colombo on Monday to protest over US plans to quiz the island’s military commander about alleged war crimes, a report said.The report covered the period from January — when fighting intensified — until the end of May, when Sri Lankan troops defeated […]
Sri Lanka protests US plans to quiz army chief
November 2, 2009 (AFP) – Sri Lanka protested Monday against plans by US officials to quiz its top military commander over alleged war crimes committed during the final months of the war with Tamil Tiger rebels.The US plan to interview Fonseka followed the recent publication of a US State Department dossier outlining allegations of serious […]
Sri Lanka needs rulers who respect law and order: senior executive
Nov 01, 2009 (LBO) – Sri Lanka’s private sector should support lawmakers who respect law and order to bring about a free, fair and just society, which is the basis of democracy, a senior private sector executive has said. An attempt to set up independent commissions to create institutions that serve the people without favour […]
US Quizz
November 1, 2009 (AFP) – Sri Lanka called on US authorities to drop plans to interview the island’s military commander over allegations of war crimes against ethnic Tamil rebels, an official said Sunday. The Colombo government held “very high-level” talks to prevent General Sarath Fonseka, currently visiting Oklahoma, from being quizzed over his conduct during […]
Sri Lanka Continental for sale: report
Nov 01, 2009 (LBO) – Sri Lanka’s Hotel Ceylon Continental controlled by business magnate Nahil Wijesuriya is up for sale and the deal may be closed within two months, a media report said. Sri Lanka’s tourism authorities have legal powers to dictate pricing of hotels. “I am aggressively seeking to sell the property and hope […]
‘s former rebels
October 30, 2009 (AFP) – The United States on Friday announced funding for up to 1,000 former Tamil guerrillas to reintegrate in society by starting their own businesses or learning new skills. The US embassy here said they were giving equipment and supplies to ex-fighters while vocational training was also being made available to help […]
Legal Seminar
Oct 31, 2009 (LBO) – A seminar on the implications on Sri Lanka’s the new company law featuring senior legal experts targeted at educating director, chief executives, senior managers and corporate lawyers will be held on November 05. Its organizers Legal & Financial Advisory Services, a legal consultancy, and Marketing Services, a marketing consultancy, say […]