Author: lbostgadmin
Sri Lanka stocks close higher on selective foreign buying
Feb 06, 2008 (LBO) – Sri Lanka shares closed marginally higher with turnover being driven to 224 million rupees through transactions on selective stocks picked by investors anticipating higher earnings for December quarter, brokers said. Colombo stock market’s All Share Index closed 3.41 points higher at 2,437.45 and the Milanka index was up 1.56 points […]
Sri Lanka inflation to remain high in 2008 first half?
Feb 05, 2008 (LBO) — Sri Lanka’s central bank has warned that inflation may remain high around 16 to 20 percent in the first half of 2008 and blamed “low supply” of domestic foods for the sudden price jump of 3.0 percent in January. Eighty percent of the price increases was due to food, the […]
Overlooked
Feb 05, 2008 (LBO) – None of the world’s major petroleum companies has bid for the offshore exploration blocks offered by the Sri Lankan government in the Mannar Basin, despite initial interest, officials said. “We knew from the beginning that the opportunity in Sri Lanka in relative terms was small – considering that globally they […]
Seven Sri Lankan sailors missing after sea battle: military
Feb 5, 2008 (AFP) – Seven Sri Lankan sailors and their craft were missing on Tuesday following a sea battle with suspected Tamil Tiger guerrillas off the island’s northwest coast, military officials said. The clashes erupted when two navy speedboats moved to push back a fleet of poaching fishermen from neighbouring India, a military official […]
Sri Lanka stages mass funerals after Freedom Day bloodshed
Feb 5, 2008 (AFP) – Sri Lanka staged mass funerals for bomb blast victims on Tuesday after independence day festivities were marred by a string of attacks blamed on Tamil Tiger rebels.Scores of civilians have also died during the same period, according to both sides. No independent verification of the tolls is possible as the […]
India 267 against Sri Lanka with Gambhir century
BRISBANE, Australia, Feb 5, 2008 (AFP) – A magnificent Gautam Gambhir century and an unbeaten 88 from captain Mahendra Singh Dhoni led India’s recovery in their one-day international against Sri Lanka here on Tuesday.India finished their 50 overs on 267 for four at the Gabba after slumping to 83-4, losing three wickets for just three […]
Chinese named World Bank chief economist
WASHINGTON, Feb 4, 2008 (AFP) – The World Bank named Monday Justin Lin Yifu, who defected from Taiwan to China and rose to become a top economic strategist for the communist country, as its chief economist, the first time a Chinese has held the job.World Bank President Robert Zoellick said Lin, the founding director of […]
G7 to meet amid fading hopes of joint action on economy
TOKYO, Feb 5, 2008 (AFP) – Slumping global stock markets and fears of a US recession are set to dominate a weekend meeting here of the world’s top finance chiefs, but analysts see little chance of any coordinated action. Although the fallout from the US subprime loan woes is spreading around the world, with the […]
Australia hikes rates to 7.00-pct, a 12-year-high
SYDNEY, Feb 5, 2008 (AFP) – Australia’s central bank Tuesday lifted its key interest rates 25 basis points to 7.00 percent from 6.75 percent — a 12 year high — as it struggles to fight inflationary pressures.Reserve Bank of Australia (RBA) governor Glenn Stevens said recent information pointed to “significant inflation pressures”. “CPI (Consumer Price […]
Red Flag
Feb 05, 2008 (LBO) – Journalists unions and associations from across the Asia-Pacific region have asked Sri Lankan President Mahinda Rajapakse to protect the safety of journalists on the island and uphold media freedom. Asia-Pacific affiliates and partners of the International Federation of Journalists (IFJ) said in a statement after meeting in Kuala Lumpur that […]
Outward Bound
Feb 05, 2008 (LBO) – The International Organisation for Migration (IOM) and Sri Lanka’s Department of Census and Statistics (DCS) have opened a National Centre for Migration Statistics in Colombo. . “As a country with high outward migration, Sri Lanka needs reliable statistics on migration patterns and flows to formulate effective migration policies,” said IOM […]
Sri Lanka share prices slump as punters turn choosy
Feb 05, 2008 (LBO) – Sri Lankan stocks ended lower Tuesday with investors picking shares of companies expected to report higher profits or known to pay high dividends, brokers said. The All Share Price Index fell 19.52 points to 2,434.04 while the liquid Milanka index closed down1.32 percent or 41.16 points at 3,082.22. Turnover was […]