Author: lbostgadmin
Sri Lanka Trincomalee port town bombed
Aug 26, 2008 (LBO) – At least two explosions ripped through the port town of Trincomalee in Eastern Sri Lanka, which is home to a strategically important naval base Tuesday night, residents and the military said. “There had been an explosion in Trincomalee town and we are checking on it,” military spokesman Udaya Nanayakkara said. […]
Sri Lanka Tigers bomb Trincomalee port town
Aug 26, 2008 (LBO) – Sri Lanka’s Tamil Tiger guerilla aircraft have dropped two bombs in the Eastern port town of Trincomalee, in a Tuesday night raid, the military and residents said.The defence ministry said Tiger aircraft had dropped two bombs and fled the town. Residents reported anti-aircraft fire, in a town which has had […]
Second Hearing
Aug 26, 2008 (LBO) – A case against a Sri Lankan teenager who was condemned to death in Saudi Arabia, will be heard again after an appeal to a higher court, the island’s foreign ministry said. Embassy officials had visited Rizana on August 17 and found her in good health. Rizana was only 17 years […]
Double Whammy
Aug 26, 2008 (LBO) – Sri Lanka’s banks face challenging times with margins being squeezed as interest rates rise, a report by a stock brokerage said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 “The last two quarterly earnings seasons have shown testing times for […]
Tight Ship
Aug 26, 2008 (LBO) – Profits at Sri Lanka’s Hatton National Bank group dipped 17 percent to 567 million rupees in the quarter ended June 2008 as rising interest rates and flat loan growth took its toll, interim accounts released showed.The bank said in a statement that it had contained non-interest income which grew only […]
Sri Lanka stocks close lower, AMW deals dominate trade
Aug 26, 2008 (LBO) – Sri Lanka stocks closed marginally lower while turnover reached half a billion rupees following deals in Associated Motorways (AMW) Tuesday, stockbrokers said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The All Share Price Index fell 0.23 percent (5.63 points) […]
Sri Lankan cricketers land Bollywood roles
August 25, 2008 (AFP) – Sri Lanka’s top cricketers had a shot at Bollywood stardom when they were filmed for an upcoming movie that features some of the best players in the world. Type ‘act (space) lbo’ and send to 678 to recieve instant alerts from LBO on your Dialog mobile. Scenes for “Victory,” a […]
Malaysia to have two-weekly price-formula; cuts fuel prices
KUALA LUMPUR, August 24, 2008 (AFP) – Malaysian premier Abdullah Ahmad Badawi said a recent move to cut petrol prices by 5.6 percent to 2.55 ringgit (0.76 dollars) a litre was not politically motivated, according to a report Sunday. The government’s announcement on Friday comes ahead of a crucial by-election this Tuesday contested by opposition […]
US subprime crisis: all aboard the foreclosure bus
CENTREVILLE, August 25, 2008 (AFP) – Have a little money saved up?A few hours to kill? Why not take a new kind of tour — to peruse the bank-seized properties of homeowners fallen on hard times?The tour is free, soft drinks and donuts are included, and you might just make a killing on the wounded […]
Toyota hikes car prices for first time in 30 years
TOKYO, August 25, 2008 (AFP) – Toyota Motor Corp.said Monday that it will raise the prices of some passenger cars in Japan for the first time in three decades in response to skyrocketing steel costs. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 The move […]
”: Bank of England official
LONDON, August 25, 2008 (AFP) – The Bank of England’s new deputy governor warned on Monday that the global financial slowdown could “drag on for some considerable time”. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Charles Bean said that every time the markets began […]
‘s Janashakthi Insurance recovers in first half
Aug 25, 2008 (LBO) – Sri Lanka’s Janashakthi Insurance Company recovered to post a profit of 82.2 million rupees for the first half of 2008, from a loss of 0.5 million a year ago, interim results released to the stock exchange showed. Janashakthi Insurance earnings per share increased to 0.37 rupees during the 6-month period […]