Author: lbostgadmin
Sri Lanka plans new defence structure
June 06, 2008 (LBO) – The Sri Lankan government said it wants to introduce a new defence structure, including a joint chiefs of staff committee, for the ‘higher defence management’, to ensure better joint planning and operations by the armed forces. New laws are to be drafted to create the structure under proposals prepared by […]
Sri Lanka bomb blast in bus near capital
June 06, 2008 (LBO) – A bomb exploded inside a bus in a southern suburb of the Sri Lankan capital Colombo during the morning rush hour Friday, the media centre for national security said. The blast occurred on the Katubedda-Piliyandala road in front of the university in Moratuwa, officials said. At least 15 injured people […]
Sri Lanka bomb blast near capital kills 18: military
June 06, 2008 (LBO) – At least 18 people were killed when a bomb exploded on a highway in a southern suburb of the Sri Lankan capital Colombo during the morning rush hour Friday, the media centre for national security said. The blast occurred on the Katubedda-Piliyandala road in front of the university in Moratuwa, […]
Sri Lanka bus blast death toll rises to 21: military
June 06, 2008 (LBO) – The death toll in a bomb attack on a crowded bus in a southern suburb of the Sri Lankan capital Colombo during the morning rush hour Friday has risen to 21, the defence ministry said. AFP news agency quoted one of its photographers at the scene as saying he saw […]
Sri Lanka bus bombings kill 22, scores injured
June 6, 2008 (LBO) – Two bus bombings in the capital Colombo and off the central Sri Lankan city of Kandy by suspected Tamil Tigers has left at least 22 dead and more than 80 injured Friday, authorities said. Tigers and the military have been trading charges over civilian deaths in the conflict, which has […]
Second Sri Lanka bus bombing kills 2, injures 20
June 6, 2008 (LBO) – A bomb exploded in a bus off the central Sri Lankan city of Kandy, killing 2 people and injuring 20 within hours of a blast that killed 21 civilians near the capital Colombo, police said. Police spokesman Ranjith Gunesekera said the bomb exploded in a bus traveling from Matale to […]
Sri Lankan stocks weaken further due to lacklustre buying
June 06, 2008 (LBO) – Sri Lanka stocks weakened by 0.68 percent during Friday’s trading adding to the week-long losing streak at the Colombo Stock Exchange.Dialog Telekom lost 25 cents to close at 13.50 rupees while John Keells Holdings closed 50 cents lower at 114.50. The All Share Price Index dropped 0.68 percent (16.88 points) […]
” 9.6-pct in May
June 05, 2008 (LBO) – Sri Lanka’s central bank said its ‘core inflation’ index from which a number of items such as food had been dropped was 9.6 percent in May 2008 against ‘headline’ inflation of 26.2 percent. In May the ‘core’ index had grown 0.3 percent against 0.9 percent in April. The moving average […]
Oil Block
June 5, 2008 (LBO) – Cairn India Limited, a unit of Cairn Energy plc of the UK, has won an offshore exploration block in Sri Lanka’s Mannar basin beating two other players, the island’s petroleum minister A H M Fowzie said. The firm has made more than 30 oil and gas discoveries in India during […]
Piracy on the rise, but terrorism link not seen: study
WASHINGTON, June 5, 2008 (AFP) – Incidents of piracy have spiked across the world since 2000 but there is no evidence to support fears of extremist groups linking up with pirates for their operations, a new study finds.It attributed the rise to the expansion of the global sea trade, congested chokepoints, corrupt officials, shifting spending […]
Australian PM wants EU-style regional group for Asia-Pacific
SYDNEY, June 5, 2008 (AFP) – Australian Prime Minister Kevin Rudd called on Asia-Pacific countries Thursday to form a European Union-style grouping that he said would enhance regional security and prosperity.Rudd said an Asia-Pacific Community — a potential economic powerhouse including China, India, the United States and Japan — could be established by 2020. “The […]
Sri Lanka Janashakthi IPO braves slow market
June 05, 2008 (LBO) – The initial public offer of Janashakthi Insurance that is opening this month, the first in two years in the island, is a bold move that could enliven an otherwise slow market, company officials said. “We have taken a bold step in coming forward at this time,” Janashakthi Insurance managing director […]