Author: lbostgadmin
Asset Sale
April 27, 2009 (LBO) – Sri Lanka’s Ceylinco Finance said it has decided to sell some of its assets to raise funds to improve its liquidity position.“The company made a decision to divest certain selected businesses and assets including property in Colombo, and land and buildings in suburban areas,” the company said in a stock […]
Sri Lankan stocks dip, rupee steady against dollar
Apr 27, 2009 (LBO) – Sri Lanka shares shed some of last week’s gains to close down across the board Monday due to profit taking, as the rupee remained steady against the dollar, brokers and traders said. Conglomerate John Keells Holdings, which has interests in transport, finance, property development, retail and food processing sectors, gained […]
Sri Lanka stocks open up, rupee steady
April 27, 2009 (LBO) – The Sri Lanka rupee opened at 120.10/40 against the spot dollar Monday dealers said, while stocks opened 0.46 percent up, following week of strong gains. Seylan Bank, of which 33 percent is being sold to a strategic partner by the Central Bank opened up 1.00 rupees at 39.75. Sampath opened […]
Sri Lanka judge to head revenue office
April 26, 2009 (LBO) – A judge of Sri Lanka’s Court of Appeal who has been appointed to head the island’s revenue office will continue to hold both offices, while the existing revenue chief would be moved to the finance ministry, media reports said. The current tax chief S Angammana, had been moved to the […]
Sri Lanka ruling coalition sweeps regional polls
April 26, 2009 (LBO) – Sri Lanka’s ruling coalition led by the Sri Lanka Freedom Party (SLFP) of President Mahinda Rajapaksa swept regional polls with close to 70 percent of votes in two out of three districts in the Western province. In the capital Colombo, the UNP has held on to some of its strongholds […]
‘s Holmes in Sri Lanka for crisis talks
April 26, 2009 (AFP) – UN humanitarian chief John Holmes was to hold talks with the Sri Lankan government on Sunday over the thousands of civilians caught in fighting between troops and Tamil rebels, officials said. Holmes, who arrived here on Saturday for a three-day visit, was to meet with Human Rights and Disaster Management […]
Sri Lanka boycott call from Australian Tamil protesters
SYDNEY, April 26, 2009 (AFP) – Hundreds of Tamil protesters burned Sri Lankan-produced tea and clothes as they marched through central Sydney on Sunday calling for a boycott of goods from the island nation.About 800 demonstrators demanded the Australian government put pressure on Colombo to declare a permanent ceasefire in its campaign against Tamil Tiger […]
” in S.Lanka fighting
April 26, 2009 (AFP) – UN humanitarian chief John Holmes on Sunday appealed to Sri Lanka to halt their military offensive against the Tamil Tigers in order to allow aid workers to help civilians trapped in the war zone.Holmes, the under-secretary general for humanitarian affairs, told government leaders that months of fierce fighting had taken […]
‘ ceasefire
April 26, 2009 (AFP) – The Sri Lanka government rejected a ceasefire declared by Tamil Tiger rebels on Sunday, defence secretary Gotabhaya Rajapakse said, instead demanding that the cornered guerrillas surrender. Rajapakse, who leads the government’s military campaign against the Tigers, said there was no need for a ceasefire as the military was about to […]
Sri Lanka rejects Tamil Tiger unilateral ceasefire
April 26, 2009 (AFP) – The Sri Lanka government rejected a ceasefire declared by Tamil Tiger rebels on Sunday, defence secretary Gotabhaya Rajapakse said, instead demanding that the cornered guerrillas surrender. “The ceasefire is purely for humanitarian purposes and the duration will depend on the response of the Sri Lankan government,” Puleethevan told AFP by […]
‘s gold reserves top 1,000 tonnes: state media
BEIJING, April 25, 2009 (AFP) – China’s gold reserves rose 75 percent from 2003 to 2008, state media said, reporting that Beijing now had the world’s fifth largest holdings of the precious metal.China had 1,054 tonnes of gold by the end of 2008, up 454 tonnes from the 600 tonnes that it said it had […]
US envoy to Sri Lanka named to top South Asian post
WASHINGTON, April 24, 2009 (AFP) – A veteran diplomat most recently tasked with the delicate job of Sri Lanka envoy was tapped Friday by President Barack Obama to serve as the assistant secretary of state for South Asian Affairs. If approved by the Senate, Robert Blake will replace Richard Boucher in a job that deals […]