Author: lbostgadmin
‘s growth rewarding amid global risks: Merrill Lynch
MUMBAI, May 7, 2008 (AFP) – India offers one of most rewarding opportunities for growth in spite of recessionary conditions in the United States, wealth management group Merrill Lynch chief executive John Thain said Wednesday.“I do not believe in the ‘decoupling’ theory but India, led by strong local demand, will be relatively less affected by […]
Thailand says Malaysia to buy emergency rice supplies
BANGKOK, May 8, 2008 (AFP) – Thailand said Thursday it would provide 500,000 tonnes of rice to Malaysia in an emergency purchase as the latter’s national stockpile had enough supplies to last only 15 days.Government spokesman Wichainchot Sukchotrat said Malaysian agriculture minister Mustafa Mohamed met with Thai Prime Minister Samak Sundaravej on Thursday to discuss […]
Sri Lanka chamber promotes links with Trinidad and Tobago
May 08, 2008 (LBO) – The embassy of the Caribbean island of Trinidad and Tobago is organizing a trade mission through its High Commission (embassy) in India and is looking for Sri Lankan firms to participate, the Ceylon Chamber of Commerce said. The trade and investment promotion mission is being organized to Trinidad and Tobago […]
Sri Lanka Eagle Insurance March quarter profits drop
May 08, 2008 (LBO) – Sri Lanka’s Eagle Insurance group March quarter net profit fell by half although revenue went up, according to the results sent to the Colombo stock exchange. Net profit for the first quarter ended March 31, 2008 fell by 53 percent to 15 million rupees, compared with the same period a […]
‘s HNB Assurance March net up 9-pct
May 08, 2008 (LBO) – Sri Lanka’s HNB Assurance Ltd’s March quarter profits increased nine percent to 14.1 million rupees while revenue increased 40 percent with income from other activities doubling during the period, the firm’s un-audited accounts said. HNB Assurance, saw its revenue increase to 378.6 million rupees from 269.7 million, compared to the […]
Sri Lankan Airlines appoints chief executive
May 08, 2008 (LBO) – Sri Lankan Airlines has appointed Manoj Gunawardene, the airlines former head of worldwide sales as chief executive, the company said in a statement. Gunawardene has been with the airline for 25 years and 17-years in sales and commercial divisions. He had been regional manager UK, Europe and Americas, from 2005 […]
Britain charges four with helping Sri Lanka Tigers
LONDON, May 8, 2008 (AFP) – British police have charged four men with conspiring to support Sri Lanka’s Tamil Tiger rebels, Scotland Yard said Thursday. The four were arrested under anti-terror laws and are accused of owning computers, radio equipment and high-power magnets for terrorist purposes. They were to appear in court in London later […]
Talent Search
May 08, 2008 (LBO) – Amba Research, an investment research outsourcing firm, says four of its employees won gold medals at the convocation of the University of Colombo. Kushantha Perera won the award for the best student in statistics and best final year Project in Statistics and Sha Razeek won the best student in statistics […]
Fresh Start
May 08, 2008 (LBO) – The Asian Development Bank has agreed to change conditions on a loan to the Sri Lankan government to build a new deep-water harbour next to Colombo port, dredging on which is already underway, ADB and government officials said. These include Maersk, the world’s biggest shipping line, which has a stake […]
Sri Lanka Treasury bill yields plummet
May 08, 2008 (LBO) – Sri Lanka’s benchmark 3-month Treasury bill yields fell sharply by 42 basis points as the government sold 8.6 billion rupees out of 11.0 billion in maturing bills. At Wednesday’s auction 3-month yields fell to 18.09 percent, 6-month yields fell 35 basis points to 18.61 percent while 12-month bills fell 21 […]
Sri Lanka, Pakistan, unfit for Human Rights Council: rights bodies
UNITED NATIONS , May 6, 2008 (AFP) – Gabon, Bahrain, Pakistan, Sri Lanka and Zambia do not deserve a seat on the Human Rights Council, the United Nations’ top rights body, two non-governmental organizations said Tuesday.In a joint report, UN Watch and Freedom House, which champion human rights worldwide, lamented that Gabon and Zambia were […]
ECB focuses on inflation as governors meet in Athens
ATHENS, May 7, 2008 (AFP) – The European Central Bank is widely expected to leave its key interest rate unchanged again Thursday, focusing as it is mandated to do on inflation rather than the risk to growth, analysts say.The ECB governing council meets here at a twice-annual event organised in a eurozone capital, hosted this […]