Author: lbostgadmin
Sri Lankan stocks up, rupee steady
May 14, 2009 (LBO) – Sri Lankan shares recovered Thursday while the rupee opened at 117.70/90 against the dollar and remained at the same levels by late afternoon trade, brokers and dealers said. In the stock market the All Share Price Index closed up 0.75 percent (13.97 points) to end at 1,884.42 while the Milanka […]
Sri Lanka bills yields edge lower
May 14, 2009 (LBO) – Sri Lanka’s Treasury bill yields edged down 02 to 05 basis points as the government sold 12.9 billion rupees worth of securities, including a roll-over of 10 billion rupees. The government sold 3.1 billion rupees of 3-month bills, 4.1 billion rupees of 6-month bills, and 5.6 billion rupees of 12-month […]
Sri Lankan migrants intercepted off Indonesia
BANDA ACEH, May 14, 2009 (AFP) – Fifty-five Sri Lankan migrants were intercepted Thursday off the coast of western Indonesia as they tried to reach Australia to look for work, police said.Fishermen found the migrants, men aged from 25 to 30, aboard a damaged wooden boat two kilometres (just over a mile) from the coast […]
Sri Lanka Janashakthi says confident of getting ban lifted
May 13, 2009 (LBO) – Janashakthi Insurance said it was confident of getting a ‘sudden and unexpected’ suspension of its licence by the Insurance Board of Sri Lanka (IBSL) revoked soon. Janashakthi Insurance Managing Director Prakash Schaffter said that the public quoted company was totally transparent in its operations and has always fully complied with […]
US, Britain urge Sri Lankans to stop fighting, spare civilians
WASHINGTON, May 12, 2009 (AFP) – US Secretary of State Hillary Clinton and her British counterpart David Miliband called Tuesday on Sri Lankans to stop fighting immediately and allow trapped civilians to escape the conflict.During a visit to Sri Lanka late last month, Miliband and Kouchner urged the government to stop the fighting with the […]
Sri Lanka fighting rages despite calls for halt
May 13, 2009 (AFP) – Sri Lanka’s Tamil Tigers put up stiff resistance to advancing government troops on Wednesday, in heavy fighting that saw the beleaguered rebels launch a wave of suicide attacks, the military said.The clashes came as both sides in the brutal conflict faced renewed charges of war crimes, with the United Nations […]
‘s election marathon at the finishing line
NEW DELHI, May 12, 2009 (AFP) – Millions of voters cast their final ballots Wednesday in India’s marathon election, with analysts predicting the emergence of a shaky coalition government that will struggle to survive a full term.The fifth and final phase of voting in seven states wraps up the world’s largest democratic exercise that began […]
‘s vote marathon ends
NEW DELHI, May 13, 2009 (AFP) – Voting in India’s marathon elections ended Wednesday, with exit polls giving the ruling Congress party and its allies a slight edge over the opposition bloc led by the Hindu nationalist BJP. Neither grouping was seen as getting close to the 272 seats required to secure a parliamentary majority. […]
Leaner Model
May 13, 2009 (LBO) – Benefits of Dialog Telekom’s six month long cost reduction program, including retrenching 280 staff, will start kicking in by the fourth quarter of this year, one of the Sri Lankan firm’s top managers said. A group wide re-branding of operations took place recently. œ’Dialog’ will also be a single ˜Dialog’. […]
Sri Lanka rubber meeting told to brace for fall in demand
May 13, 2009 (LBO) – Demand for natural rubber and rubber products will fall this year with the decline in sales of tyres and vehicles, a rubber expert told an international conference in the Sri Lankan capital Colombo. But demand will recover next year or the year after as the global economy recovers although at […]
Bank Trends
May 13, 2009 (LBO) – Sri Lanka’s Hatton National Bank (HNB) said its group net profit for the March quarter fell four percent to 712 million rupees from a year ago. Total assets of the HNB group were 268 billion rupees, up two percent from a year ago. Total group income rose 13 percent to […]
Sri Lankan stocks down, rupee weakens
May 13, 2009 (LBO) – Sri Lankan shares weakened Wednesday, as retail investors took defensive positions, while the rupee lost ground against the dollar on fears an International Monetary Fund bailout might get delayed, brokers and dealers said. The rupee opened at 117.50/117.70 and fell to 117.60/117.90 levels by late afternoon trade, dealers said. At […]