Author: lbostgadmin
US, other envoys meet to discuss Sri Lankan fighting
NEW YORK, September 24, 2008 (AFP) – US, European Union, Japanese and Norwegian envoys met here Wednesday to discuss the latest fighting in Sri Lanka, including the need for both sides to protect civilians, a US diplomat said. “The fighting has been expanding, heading toward the north,” Richard Boucher, the assistant secretary for south Asian […]
”: IATA
NEW DELHI, September 25, 2008 (AFP) – India’s airline sector has moved into negative growth and urgent reforms are needed if it wants to survive a “perfect storm” hitting the industry, an association said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Growth has slowed from 33 […]
‘s Bank of East Asia eases after stability pledge
HONG KONG, September 25, 2008 (AFP) – The run on Hong Kong’s Bank of East Asia subsided on Thursday, as banking authorities soothed savers’ concerns that Wall Street’s financial crisis had spread to the city. Hundreds of customers queued for a second day across the city before branches opened as they scrambled to get their […]
‘t allow Tigers to hold Tamil people hostage
September 25, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse said he would not allow the Tamil Tigers to hold the Tamil people hostage, as the decades-long conflict with the rebels escalates, his office said Thursday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 In an address […]
Sri Lanka Hayleys to grow more export vegetables
Sept 24, 2008 (LBO) – Sri Lanka’s Hayleys group plans to increase high value vegetable cultivation for export after a pilot project with US aid put farmers in a position to supply top food brands like McDonalds and Unilever.The Hayleys Group is the sole exporter of gherkins from Sri Lanka, processing more than 8,000 tonnes […]
Sri Lanka Aug tea exports jump 41 pct, set for year record: official
COLOMBO, September 25, 2008 (AFP) – Sri Lanka’s tea exports rose more than 40 percent in the first eight months of the year and are on track to earn a record 1.4 billion dollars this year, the tea board said Thursday. Sri Lanka is the world’s fourth-largest producer of tea behind China, India and Kenya. […]
Savings Promotion
Sept 25, 2008 (LBO) – Sri Lanka’s state-run National Savings Bank (NSB) is starting a three-month savings drive from October 01, to coincide with World Thrift Day, officials said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The bank was also offering gifts ranging from bicycles and […]
Rising Risk
Sept 25, 2008 (LBO) – Sri Lanka’s finance companies, especially smaller ones, could face difficulties in raising funds to maintain liquidity if the present high inflation and interest rate scenario continues, Fitch Ratings has warned. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The rating agency said […]
Sri Lanka shares weaken further
Sept 25, 2008 (LBO) – Sri Lankan shares weakened further Thursday, dragged down by falls in blue chips as small investors stayed away, unable to make gains in a stagnant market, brokers said.It fell 25 cents to end at nine rupees with 619,700 shares traded. LIOC was the second most actively traded stock.It fell 75 […]
Sri Lanka T-bill rates spike
Sept 25, 2008 (LBO) – Sri Lanka’s Treasury bill yields spiked at Wednesday’s auction while the government resumed sales of 3-month bills, the government’s debt office said.The 12-month bill yield also spiked 72 basis points 19.06 percent. The government raised 525 million rupees selling 3-month bills at 17.22 percent after an absence of several weeks. […]
Sri Lanka NSB to raise US$100mn loan
Sept 25, 2008 (LBO) – Sri Lanka’s state-run National Savings Bank (NSB) is raising a 100 million US dollar one-year loan with Citibank Sri Lanka with the deal to be wrapped up by mid-October, an official said. To recieve instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The NSB […]
Bunker Business
Sept 24, 2008 (LBO) – Ceylon Shipping Corporation (CSC) is considering acquiring its own ship fuel supply vessel to sell bunkers in Colombo port through its joint venture with a Greek shipping family firm. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “We have started doing bunkering […]