Author: lbostgadmin
Amnesty calls for probe of Sri Lanka civilian deaths
May 30, 2009 (AFP) – Amnesty International called Saturday for an independent probe into the number of civilians killed in the final weeks of Sri Lanka’s civil war and also urged the UN to reveal its own estimates. The call by the rights group followed a report in the Times of London newspaper on Friday […]
”’ Malinga back in supernatural swing
LONDON, May 31, 2009 (AFP) – Lasith Malinga is such an integral part of Sri Lanka’s fast bowling arsenal that it needed the nation’s president to intervene and ensure he was fit for the World Twenty20s in England. The bowler with the rare sling-arm action, whose toe-crushing yorkers have tested the world’s finest batsmen, sat […]
‘ global network
SINGAPORE, May 31, 2009 (AFP) – Sri Lanka appealed Sunday for international support in dismantling the global political network of the Tamil Tiger rebels after declaring a full military victory over the separatist movement. Foreign Minister Rohitha Bogollagama told a high-level security forum in Singapore that Colombo needed help in disabling the Tigers’ “powerful political […]
India economy headed higher, reforms in sight: analysts
NEW DELHI, May 31, 2009 (AFP) – India’s economy is on the upswing with eyes now keenly focused on July’s planned budget for new market-opening moves by the freshly re-elected Congress government, analysts say.The country logged unexpectedly strong 5.8 percent growth in the final quarter to March 2009, against forecasts of 5.0 percent, figures late […]
Derivative Probe
May 31, 2009 (LBO) – Sri Lanka’s police have raided the offices of state-run Ceylon Petroleum Corporation (CPC) and seized documents related to exotic oil derivatives which went against the utility, a media report said. The Sunday Times newspaper said officers of the criminal investigation department of Sri Lanka’s police had raided the head quarters […]
D Day
May 31, 2009 (LBO) – A decision on a case challenging the privatization of Sri Lanka Insurance Corporation (SLIC) is listed for delivery at Sri Lanka’s Supreme Court on June 01, lawyers said. Distilleries Company of Sri Lanka closed at 90.25, down 2.25 rupees Friday. SLIC was sold to the listed Distilleries group of businessman […]
Sri Lanka property firm hit by falling prices
May 30, 2009 (LBO) – The real estate arm of Sri Lanka’s Carsons Cumberbatch group said it was writing down the values of properties by 450.3 million rupees as prices slumped in the wake of tight monetary policy. “This year has been a challenging year where we saw a significant market correction on the property […]
Prized Writers
May 30, 2009 (LBO) – The International Policy Network (IPN), a London based organization that offers an annual journalism award for writers that help promote a free society, is giving a separate award for online writers from this May. The awards are named after Frédéric Bastiat, a 19th-century French philosopher and journalist started in 2002. […]
Box Bug
May 30, 2009 (LBO) – Ships calling at Colombo port are experiencing delays owing to teething problems in a new Sri Lanka Ports Authority (SLPA) computer system to manage its container terminals, shipping agents said.But the SLPA has told port users that it was working to solve the problems with the terminal management system and […]
Sri Lanka inflation accelerates to 3.3-pct in May
May 29, 2009 (LBO) – Consumer price inflation in Sri Lanka’s capital Colombo accelerated to 3.3 percent in the 12-months to May from 2.9 percent in April, with prices jumping 2.0 percent during the month, the government’s statistics office said. Sri Lanka central bank governor Nivard Cabraal has said the index could move below zero […]
Hedge Loss
May 29, 2009 (LBO) – Lanka IOC, a unit of Indian Oil Corporation said it lost 1.6 billion rupees in the March 2009 quarter against a profit of 890.7 million last year as the firm was hit by adverse oil hedges and taxes. But oil prices collapsed in the second half of 2008 and the […]
Sri Lanka govt seeks extra funds for export support package
May 29, 2009 (LBO) – Sri Lanka’s government said it plans to ask parliament for extra funds to pay for a bailout package to help exporters cope with a downturn in trade caused by recession. Cabinet spokesman media minister Anura Yapa said the cabinet this week had approved the mechanism through which exporters can get […]