Author: lbostgadmin
Sri Lanka rejects truce call as fighting escalates
February 18, 2009 (AFP) – Sri Lanka’s government on Wednesday rejected fresh calls for a truce with Tamil Tigers as troops took another village from rebel control and concern mounted for civilians trapped in the war zone. Defence spokesman Keheliya Rambukwella said the government was firmly committed to wiping out “terrorism” and described the demand […]
Sri Lankan gets tough with eco-labels
Feb 18, 2009 (LBO) – Sri Lankan businesses that want to market their products and services as eco-friendly would have to get approval from the central environmental authority (CEA) in future.CEA chairman Udaya Gammanpila said new rules will be introduced to prevent misuse of the label which many firms were using as an advertising gimmick. […]
Oil Negotiations
Feb 18, 2009 (LBO) – Sri Lanka is starting a round of talks with several banks to re-negotiate oil derivatives sold to a state-run petroleum firm which had gone against the utility, a government minister said. Sri Lanka’s central bank said the deals were ‘tainted’ and advised banks not to proceed with the deals. State-run […]
Sri Lankan shares draw foreign interest
Feb 18, 2009 (LBO) – Sri Lanka shares lost early gains on Wednesday despite high volume trading due to foreigners taking strategic positions on high liquid shares such as Dialog Telekom and Lanka Cement, brokers said.A crossings of 200,000 shares of conglomerate John Keells Holdings changed hands at 65 rupees. JKH closed at 59 rupees […]
Sri Lanka Tigers sign up child soldiers: UNICEF
February 17, 2009 (AFP) – Sri Lanka’s cornered Tamil Tiger rebels have intensified conscription of child soldiers, some as young as 14, the United Nations agency for children said Tuesday.The Tigers have recruited more than 6,000 child soldiers since 2002, he added. UNICEF said in a statement that the Liberation Tigers of Tamil Eelam (LTTE) […]
Sri Lanka mulls sea rescue of civilians in war zone
February 17, 2009 (AFP) – Sri Lanka is considering a sea evacuation of tens of thousands of civilians trapped inside its war zone, officials said on Tuesday as a government ally said there was a spike in non-combatant deaths.Some 80,000 civilians remain inside the northern Wanni region, where government troops have cornered the Tigers into […]
Pakistan to seek 4.5 billion dollars from IMF
KARACHI, February 17, 2009 (AFP) – Pakistan is to ask for an additional loan of 4.5 billion dollars from the International Monetary Fund to patch up an economy wilting under a widening trade deficit, an official said Tuesday.Among other tight demands, the IMF wants a reduction in Pakistan’s deficit and huge borrowing from the central […]
Slowing Trade
Feb 17, 2009 (LBO) – A container terminal that is one of the main money-spinners for Sri Lanka’s John Keells Holdings (JKH) has seen a fall in volumes owing to the global economic crisis, brokers and shipping analysts said.But LMS lost a tank farm and an effective monopoly in fuel supply in Colombo port last […]
Sri Lanka JKH, Dialog in big trades
Feb 17, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday but large trades in John Keells Holdings, Dialog Telekom and National Development Bank boosted turnover, although institutions were still inactive, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index eased […]
Sri Lanka needs prompt coherent action to survive global slump: think tank
Feb 16, 2009 (LBO) – Sri Lanka needs “prompt and coherent” policy action to counter a global slump which was slowing demand for exports and making it difficult for the government and private firms to borrow abroad, a top think tank has said. “It is essential that prompt and coherent policy action is taken in […]
British-Sri Lankan charged with with arson
LONDON, February 16, 2009 (AFP) – British police have charged a man with arson and affray after he reportedly tried to set himself on fire outside Prime Minister Gordon Brown’s Downing Street offices, they said Sunday. Sivsubarmazam Loges-Waran, 41, of Gloucestershire in western England, is due in court on Monday “charged with arson with intent […]
Red Cross evacuates 400 from Sri Lanka war zone
February 16, 2009 (AFP) – The Red Cross evacuated Monday a ferry load of 400 civilians wounded in fighting between the Sri Lankan army and Tamil Tiger rebels. The injured and their accompanying relatives were shipped out of the conflict zone in the northeast of the island and taken for “further medical treatment,” International Committee […]