Author: lbostgadmin
Sri Lanka shares mixed, selling pressure on JKH
Dec 19, 2008 (LBO) – Sri Lankan shares ended barely changed Friday with selling pressure continuing in John Keells Holdings which was the most actively traded stock, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The indices moved in opposite directions with the All Share […]
Developed countries urged not to curb migrant workers
Dec 18, 2008 (LBO) – Developed countries should not shut out migrant workers at times of economic crisis as they still face labour shortages and workers need to send money home to fight poverty, International Organization for Migration (IOM) said. They should see migrants as part of the solution during economic crises, the IOM said […]
Stand Off
Dec 19, 2008 (LBO) – Sri Lanka’s cabinet of ministers had not revised oil prices after meeting for a second time, with a court decision to cut prices still to be officially conveyed, an official said. The cabinet is expected to meet again on the issue, he said. Sri Lanka’s Supreme Court directed the government […]
Sri Lanka says Tiger defences captured
December 18, 2008 (AFP) – Sri Lankan troops have captured Tamil Tiger defences near the rebels’ political headquarters after heavy fighting, the government said Thursday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Soldiers were conducting “counter-terrorist operations” along the northern and northwestern defences of Kilinochchi, the […]
Sri Lanka desiccated coconut exporters say facing closure with duty hike
Dec 18, 2008 (LBO) – Sri Lankan exporters of desiccated coconut said a recent government hike in edible oil import duty could put them out of business as prices of raw nuts will remain high, making their exports uncompetitive. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]
Sri Lanka to import rice despite bumper harvest
Dec 18, 2008 (LBO) – The Sri Lankan government says it wants a large stock of imported rice to boost stocks, days after the country’s statistics office announced a bumper harvest for the most recent growing season. At that time the ministry of consumer affairs allowed the import of 8,000 tons of rice from Burma […]
Bangla Buy
Dec 18, 2008 (LBO) – Sri Lanka’s listed NDB Bank is taking control of Capital Markets Services Ltd, a licensed merchant bank in Bangladesh, the bank said. The investment was subject to unspecified conditions, NDB said. The bank had received approval from Sri Lanka’s central bank and finance ministry. NDB said in a stock exchange […]
Sri Lanka shares becalmed, JKH weakens
Dec 18, 2008 (LBO) – Sri Lankan shares barely moved Thursday, with John Keells Holdings falling 3.51 percent and transactions in Commercial Bank and Kelani Tyres accounting for the bulk of the day’s trading volumes, brokers said To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]
Fed cut rates to near zero; desperate efforts to bring inflation back
WASHINGTON, December 17, 2008 (AFP) – The Federal Reserve used up its ammunition on monetary policy Tuesday by slashing its base lending rate to virtually zero but pledged further efforts to stimulate credit and revive a moribund economy.The actions by Fed chairman Ben Bernanke and his colleagues put the central bank on track toward the […]
Sri Lanka apparel exporters win time in GSP deal
Dec 17, 2008 (LBO) – Sri Lankan apparel exporters say a temporary extension of a scheme giving duty free access to European markets provides time to recover lost orders, cut costs and ensure compliance with its eligibility criteria. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Sri […]
Sri Lanka troops, Tigers trade fire after heavy fighting
December 17, 2008 (AFP) – There was sporadic fighting in northern Sri Lanka Wednesday, a day after troops and Tamil Tigers fought intense battles around the rebels’ stronghold that left hundreds dead and wounded.The defence ministry said security forces recovered five bodies of Tiger guerrillas Tuesday evening after fighting around the rebels’ political capital of […]
Sri Lanka steps up air strikes after heavy ground battles
December 17, 2008 (AFP) – Sri Lanka stepped up air attacks in the north Wednesday, a day after troops and Tamil Tigers fought intense ground battles around the rebels’ stronghold that left hundreds dead and wounded. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Military officials said […]