Author: lbostgadmin
Sri Lankan moderate Tamil party asks freedom for 300,000 war-hit civilians
July 12, 2009 (AFP) – Sri Lanka’s main moderate Tamil political group Sunday accused the government of holding some 300,000 war-displaced civilians in “open prisons” and demanded their immediate release. The New York-based Human Rights Watch said the squalid camps, which are ringed with barbed wire, were a “national disgrace” and violated international law. The […]
Sri Lanka on top as Pakistan hit new low
July 12, 2009 (AFP) – Seamer Nuwan Kulasekera took a career-best 4-21 as Sri Lanka took early charge of the second cricket Test after bowling Pakistan out for a paltry 90 on Sunday. The tourists, electing to bat on a wicket that provided early assistance to the seamers, slumped to their lowest total against Sri […]
Sri Lanka school dropouts doing great service to nation: minister
July 11, 2009 (LBO) – Dropouts from Sri Lanka’s education system are doing a greater service to the nation than those who have had a free education from the state education system, a senior minister said.Deputy finance minister Sarath Amunugama said more than a million Sri Lankans were working abroad sending nearly three billion dollars […]
Margin Call
July 11, 2009 (LBO) – Lanka IOC, the Sri Lankan unit of Indian Oil Corp., has urged the government to change import duties and blamed its 1.2 billion rupee loss in the year to March 2009 partly on an import duty hike. LIOC’s turnover last year rose 7.8 percent to 47.617 billion rupees, although it […]
‘s former combatants undergo retraining
WELIKANDA (AFP) – They begin each day saluting the national flag of the country they had vowed to defeat or die trying.Gone are the cyanide capsules that, like all Tamil Tiger rebels, they had worn around their necks for use if captured by the Sri Lankan military. In their place hang religious symbols — a […]
Forex Charge
July 11, 2009 (LBO) – A high profile opposition lawmaker has been charged under Sri Lanka’s exchange control laws for assisting a foreign investor to deposit three million US dollars in a private bank, a media report said.UNP lawmaker Ravi Karunayake has been indicted with violating exchange control laws by helping deposit the money in […]
Change Agent
July 10, 2009 (LBO) – An international lawyer’s group has welcome recent comments by Sri Lanka’s newly appointed Chief Justice Ashoka de Silva, who said he would reform a key body which runs key sections of the country’s judicial system. Sri Lanka’s Judicial Service Commission (JSC) a three-member body which is chaired by the Chief […]
Sri Lanka tea aid dispersal slow: official
July 10, 2009 (LBO) – A Sri Lankan government aid package for the tea industry to recover from a crash in prices is being disbursed only slowly, a senior industry official said. The industry faced cash flow problems as large volumes remained unsold at the auctions at the time and buyers reneged on contrcats. That […]
No Bid
July 10, 2009 (LBO) – Hutchison Port Holdings (HPH) said it did not bid for a container terminal concession at Sri Lanka’s Colombo port for a second time because elements of its original bid were put in the second request for proposals. China is also financing a new port in Sri Lanka’s south in Hambantota.“..HPH […]
Fuel Market
July 10, 2009 (LBO) – Sri Lankan ship fuel suppliers in Colombo port are aiming to expand their market by selling bunkers to vessels passing the island, after the break-up of a monopoly lowered prices and boosted volumes, officials said.“We need to improve on that area,” said Kumar. “We need to look at an expanded […]
Sri Lanka shares break slide
July 10, 2009 (LBO) – Sri Lankan shares ended slightly firmer Friday, ending eight consecutive trading days of losses, with local investors said to be disappointed by lack of foreign interest, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index rose […]
Sri Lanka says US assured no blocking of IMF loan
July 9, 2009 (LBO) – Sri Lanka has received an assurance from a US diplomat that its application for a loan from the International Monetary Fund (IMF)) would be viewed on economic factors alone, the island’s foreign ministry said. Yesterday the government presented more ‘supplementary estimates’ to parliament to increase spending. Officials say Sri Lanka […]