Judicial Ire

Sept 29, 2008 (LBO) – Sri Lanka’s Supreme Court has slammed police and bribery authorities and summoned the country’s former finance secretary to court over a judgment involving the privatization of a bunker firm, an official said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The latest […]

Sri Lankan stocks continue to tumble

Sept 29, 2008 (LBO) – Sri Lankan stocks lost more than one percent in lackluster trading Monday as market heavyweights like Dialog Telekom, Commercial Bank and NDB tumbled amidst weak investor participation, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index […]

UN says will restart Sri Lanka food aid

COLOMBO, September 28, 2008 (AFP) – The United Nations said on Sunday it would send food to those displaced by fighting in Sri Lanka’s rebel-held north, two weeks after aid workers were ordered out of the region. Sri Lankan forces are moving to dismantle the northern stronghold of the rebels, formally known as the Liberation […]

Lube Trends

Sept 28, 2008 (LBO) – The Sri Lanka unit of Indian Oil Corporation has temporarily cut prices on its lubricants, aiming to capture a bigger share of the market in which competition is growing. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Lanka Indian Oil Corp is […]

US House approves historic India nuclear deal

WASHINGTON, September 28, 2008 (AFP) – The House of Representatives Saturday passed a civilian nuclear pact with India that lifts a three decade-old ban on civilian nuclear trade with India. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The agreement, passed by a 298-117 vote, […]

Resilient Asia watches US in turmoil

SINGAPORE, September 28, 2008 (AFP) – “Bailout” is back as a buzzword 11 years after the Asian financial crisis, but this time the tables are turned: the US is scrambling to rescue ailing banks while a healthy Asia watches. The ramparts built after the 1997-1998 Asian crisis helped blunt the impact of turbulence that ripped […]

Sri Lankan jets bomb rebel suicide camp: military

COLOMBO, September 27, 2008 (AFP) – Sri Lankan fighter jets on Saturday bombed a rebel base the government said was used to train suicide bombers, after at least 60 Tamil Tigers and two soldiers died in heavy fighting.Sri Lankan troops are battling to capture the northern town of Kilinochchi, where the rebel Liberation Tigers of […]

Sri Lanka unrest kills 18: military

September 28, 2008 (AFP) – Clashes between Sri Lankan soldiers and rebels left 17 dead in the country’s war-ravaged north, while a suicide attack on Sunday killed one civilian, the defence ministry said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Nine people were also […]

Chilling Message

Sept 28, 2008 (LBO) – The house of a top Sri Lankan anti-corruption activist who is also a lawyer who has appeared on behalf of victims of human rights abuses and torture, had been bombed last night, police said. The AHRC said the previous day he had raised the issue of a lawyer who had […]

Sri Lanka Tigers urged by Britain to free Tamils

LONDON , September 26, 2008 (AFP) – Britain voiced deep concern Friday about the situation in Sri Lanka, where government forces have advanced to the outskirts of the northern Tamil Tiger rebel capital. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Foreign Office called for access […]

Sri Lanka squad for Canada T20 title

COLOMBO, September 27, 2008 (AFP) – Sri Lanka Saturday named a 15-member squad Saturday for the inaugural four-nation Twenty20 tournament to be played in Toronto next month.The squad does not include a specialist wicket-keeper, with Tillakaratne Dilshan standing in for regular keeper Kumar Sangakkara, who recently underwent finger surgery in Australia and will miss the […]

Bradford & Bingley may be nationalised: reports

LONDON, September 27, 2008 (AFP) – British mortgage lender Bradford & Bingley, which has been hit by a housing downturn and weakness in the wider economy, may be nationalised, newspapers reported Saturday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Daily Telegraph and Daily Mail newspapers […]

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