Author: lbostgadmin
Sri Lanka shares rise marginally, Distilleries boosts trading volumes
Nov 28, 2008 (LBO) – Sri Lankan share prices ended slightly firmer Friday, with volumes pushed higher by large trades in Distilleries Company but concerns over company earnings still weighing on the market, brokers said. Tissera said the large transactions in Distilleries Company accounted for the bulk of the day’s trading volumes. Over 11.2 million […]
Hedge Probe
Nov 27, 2008 (LBO) – A team of Sri Lankan ministers is probing an oil hedge that could lose hundreds of millions of dollars to a state-run oil retailer amidst claims that the oil retailer had not informed the cabinet clearly about risks of derivatives trading. To receive instant alerts from LBO on your Dialog […]
Sri Lanka Tiger leader appeals for Indian Tamil support
Nov 27, 2008 (LBO) – Sri Lankan Tamil Tiger leader Velupillai Prabhakaran has sought the sympathy of Tamils in south India in an apparent effort to get a ceasefire with Indian intervention and ward off an army onslaught on his stronghold. In his annual ‘Heroes’ Day’ speech to commemorate rebel war dead, Prabhakaran acknowledged his […]
White House offers help to India after attacks
WASHINGTON, November 27, 2008 (AFP) – The White House on Wednesday held a meeting of top intelligence and counter-terrorism officials after the deadly attacks in Mumbai and said it stood ready to help the Indian government. “This afternoon, the White House National Security Council convened officials from counterterrorism and intelligence agencies as well as the […]
‘s stock markets shut due to attacks
MUMBAI, November 27, 2008 (AFP) – India’s stocks and commodity exchanges will be closed on Thursday due to the coordinated attacks by gunmen across India’s commercial capital Mumbai, a spokesman said. “Considering the prevailing abnormal situation and the government’s advice” for people to remain indoors, “it has been decided to keep the markets closed for […]
100 killed, foreigners taken hostage in Mumbai attacks
MUMBAI, November 27, 2008 (AFP) – Army commandos laid siege Thursday to two luxury hotels in Mumbai where gunmen held foreign guests hostage as part of coordinated attacks across India’s financial capital that left up to 100 dead. A group calling itself the “Deccan Mujahedeen” claimed responsibility for the attacks late Wednesday night on the […]
Indian commandos battle Islamist gunmen, over 100 dead
MUMBAI, November 27, 2008 (AFP) – Indian army commandos were Thursday battling Islamist gunmen who launched coordinated attacks against luxury hotels and other targets in Mumbai, taking foreign hostages and killing over 100 people.One of the gunmen holed up in the Oberoi/Trident told the India TV channel by phone that they wanted an end to […]
Sri Lanka shares rise, gains seen short-lived
Nov 27, 2008 (LBO) – Sri Lankan share prices rose Thursday, breaking a long slide but brokers said the gains could be short-lived given the negative investor sentiment, poor company earnings outlook as well as rupee devaluation fears. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]
Sri Lanka should be prepared for a prolonged external slowdown: interview
Nov 27, 2008 (LBO) – Sri Lanka should be prepared for a prolonged external slowdown as the world recovers from excessive debt brought on by paper money central banks, especially the Federal Reserve, says a Netherlands-based economist. Howard Nicholas from the Institute of Social Studies in the Netherlands spoke to LBO during a visit to […]
Sri Lanka clamps down on last minute spending
Nov 26, 2008 (LBO) – Sri Lanka has clamped down on new spending, with the Treasury asking government departments to freeze new capital projects and current spending till next year, amidst tight revenues.The government has also been finding it difficult to borrow abroad. A Treasury circular said the government had decided to “manage public expenditure […]
” to self-rule
NUUK, November 26, 2008 (AFP) – More than 75 percent of Greenlanders voted Tuesday in favour of self-rule in a referendum that paves the way for independence from Denmark, final results showed. A total of 75.54 percent voted “yes” to greater autonomy, while 23.57 percent said “no,” the local government said. A self-rule proposal hammered […]
Sri Lanka tea farmers demand govt support
Nov 26, 2008 (LBO) – Sri Lanka’s tea small holders are pressing for government support to save the industry from ruin after demand dropped and prices crashed at auctions in Colombo.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Chandrasena Wijesinghe, convenor of the Joint Federation of Tea […]