Author: lbostgadmin
Sri Lanka JKH profits drop 44-pct
Jan 29, 2009 (LBO) – Profits at Sri Lanka’s John Keells Holdings group fell 44 percent to 764 million rupees in the December 2008 quarter, with revenues dropping 16 percent to 9.3 billion, its interim accounts said.In the 9-months to December profits fell 19 percent to 2.6 billion rupees, while revenue grew 7 percent to […]
Sri Lanka, UN in anti-corruption effort
Jan 28, 2009 (LBO) – Sri Lanka’s government and the United Nations Development Programme (UNDP) are to launch a programme to fight corruption, a UNDP statement said.The project, called ‘Support Efforts and Action against Corruption in Sri Lanka’ (SEAC) will be a three-year effort aimed at combating corruption and promoting accountability and transparency in public […]
‘s age-defying Jayasuriya boosts team with 107
DAMBULLA, January 28, 2009 (AFP) – Sanath Jayasuriya became the oldest batsman to hammer a one-day century as Sri Lanka posted a competitive 246-7 in the opening match against India here on Wednesday.The left-handed opener cracked 107 for his 28th hundred at the age of 39 years and 212 days, beating the previous oldest century-maker, […]
‘s Jayasuriya upstaged by Dhoni with victory
DAMBULLA, January 28, 2009 (AFP) – Mahendra Singh Dhoni and Gautam Gambhir cracked half-centuries to upstage Sri Lanka’s Sanath Jayasuriya as India posted a six-wicket win in the opening one-dayer here on Wednesday.Opener Gambhir made 62 and skipper Dhoni an unbeaten 61 to help India achieve a 247-run target with 11 balls to spare for […]
Sri Lanka fighting rages as India presses for safety of civilians
January 28, 2009 (AFP) – Indian Foreign Minister Pranab Mukherjee on a surprise visit to Sri Lanka called for urgent measures to protect civilians caught up in the island’s ongoing fighting, officials said Wednesday.In the statement on a “major humanitarian crisis unfolding,” the ICRC said an estimated quarter of a million people were unable to […]
Two men plead guilty in New York to supporting Tamil Tigers
WASHINGTON, January 28, 2009 (AFP) – Two men pleaded guilty Tuesday to conspiring to provide material support to Sri Lanka’s Tamil Tigers rebel group on the eve of their trial in a US district court, the Justice Department said.Thiruthanikan Thanigasalam, 40, and Sahilal Sabaratnam, 29, pleaded guilty in Brooklyn, New York to conspiring to purchase […]
Sri Lanka Tigers holding 300 patients hostage: report
January 28, 2009 (AFP) – Sri Lanka’s Tamil Tigers have prevented international aid workers from evacuating some 300 hospital patients inside rebel-held territory, a report said Wednesday.A convoy of two dozen vehicles arranged by the International Committee of the Red Cross (ICRC) and the United Nations to transport the sick was barred from crossing the […]
Sri Lankan troops hammer rebels as fears for civilians grow
MULLAITTIVU, January 27, 2009 (AFP) – Sri Lankan troops Tuesday battled Tamil Tigers for control of the last stretch of rebel-held coastline, as international fears mounted for 250,000 civilians caught in the conflict.Soldiers backed by tanks and air cover fought to capture 30 kilometres (18 miles) of seafront, the only territory still controlled by the […]
Sri Lanka troops enter another Tiger village: military
January 28, 2009 (AFP) – Sri Lankan forces on Wednesday fought their way into another village still held by the Tamil Tigers, an official said, as neighbouring India raised fears for civilians caught up in the war.Soldiers marched into the village of Visuamadu in the final phase of operations against the Liberation Tigers of Tamil […]
Sri Lanka tea prices firm despite weaker currencies of importing countries
Jan 28, 2009 (LBO) – Sri Lankan tea prices at the Colombo auctions this week maintained their upward trend with demand strong despite the weakening of the currencies of key buyer countries like Russia, brokers said. Supply was tight because of dry weather in key origins while demand remained strong because of winter in the […]
Sri Lanka stocks mixed, heavy trading in Lanka Cement
Jan 28, 2009 (LBO) – Sri Lankan shares ended barely changed Wednesday with Lanka Cement the most actively traded on anticipation of a revival in its fortunes if the war ends soon and construction activity picks up, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Sri Lanka banks asked to suspend oil derivatives by central bank
Jan 28, 2009 (LBO) – Sri Lanka’s central bank says it has asked commercial banks which sold oil derivatives to state-run Ceylon Petroleum Corporation (CPC) to suspend the deals because they violated its prudential rules and were ‘tainted’.The banks had already offered to ‘re-structure’ the deals by extending payments over a longer period.The deals were […]