Author: lbostgadmin
Prison Life
Sept 10, 2007 (LBO) – A Sri Lankan teenager Rizana Nafeek who is on death row is being treated well by her jailors and was hoping an appeal of her sentence will succeed, media reports said. Sometimes prisoners are kept on death row for years, before suddenly being taken and beheaded. “Rizana was so confident […]
Contempt Order
Sept 10, 2007 (LBO) – The head of Sri Lanka’s consumer authority has been ordered to resign by the Supreme Court over the implementation of a previous order on cooking gas pricing. . Updated Consumer Authority Chairman Sarath Wijesinghe was told he was not fit to take up any government post, an official said. Witnesses […]
Sri Lanka shares close lower
Sept 10, 2007 (LBO) – The Sri Lanka shares closed lower Monday after rising at the opening with interest in John Keells Holdings helping to improve turnover. The market turnover was over 375 million rupees while the All Share Index closed two points lower at 2,544.24. The Milanka Index closed down 2.65 points at 3,458.77. […]
Support Rating
Sept 10, 2007 (LBO) – Fitch Ratings Lanka has confirmed DFCC Vardhana Bank Limited’s (DVB) National Long-term rating at ‘AA-(lka)’ with a stable outlook.“The principal factor supporting DVB’s rating is the strong implied support assumed to be available from its parent DFCC Bank,” Fitch Rating said. “DVB is envisaged to play an important strategic role […]
Finance Rating
Sept 10, 2007 (LBO) – Lanka Rating Agency (LRA) has lowered the outlook of Ceylinco Investments and Realty’s (CIR) long-term BB1 rating from stable to negative. . “The ratings reflect the Company’s weakening asset quality, frail financial performance and low capitalization,” LRA said. “The negative outlook is premised on LRA’s concerns about the escalating interest-rate-environment, […]
Sri Lanka markets open after weekend, rupee flat
Sept 10, 2007 (LBO) – The Sri Lanka rupee was quoted at 113.25/28 flat against the spot dollar Monday with overnight call money peaking at 16.00 before easing to 14.00 percent in liquid conditions, dealers said. The six month forward dollar fell slightly to 120.95 levels from an earlier level of 121.11. Dealers were closely […]
Hafeez helps Pakistan stun Sri Lanka
JOHANNESBURG, Sept 9, 2007 (AFP) – Pakistan warmed up for the Twenty20 world championships with a five-wicket win over World Cup finalists Sri Lanka in a practice match here on Sunday.The world championships open on Tuesday with hosts South Africa battling the West Indies at the Wanderers here. Mohammad Hafeez led the way with an […]
Britain sued over colonial rule and mistreatment of Indians in Malaysia
WASHINGTON, Sept 8, 2007 (AFP) – A Malaysian human rights lawyer has filed a four trillion dollar lawsuit against Britain for alleged atrocities suffered by Indians whose forefathers were brought as indentured laborers to Malaysia during colonial rule. Among them were South Africa, Malaysia, Sri Lanka, Guyana, Trinidad and Tobago, Fiji and Mauritius, he said. […]
Asia-Pacific summit pumps up brothel business
SYDNEY, Sept 9, 2007 (AFP) – Sydney brothels have had to import prostitutes from other states to get over a demand hump caused by security agents and delegates attending an Asia-Pacific summit, an industry spokesman said Sunday. APEC groups Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua […]
Sly Workers
Sept 9, 2007 (AFP) – Sri Lankan authorities have launched a crackdown on Indian nationals who arrive as tourists and stay on to work, an immigration official said Sunday.Eight Indian men were arrested Friday in the south of the island, where they had been employed as farm workers, the official said, adding that all had […]
Home Truths
Sept 09, 2007 (LBO) – Trade analysts say that Sri Lanka should make the most of existing trade deals like the Bay of Bengal Initiative before negotiating more bilateral and multilateral agreements. Japan has played a big role in enhancing Sri Lanka™s infrastructure and is a major investment partner in the services sector. Sri Lanka […]
Changing Fortunes
September 09 (LBO) – Thanuja was orphaned at a very young age. She started to study the art of making coir products at the village Kohu Samithiya, or coir association from the time she was 17 years old. Realizing that she had a knack for it, she decided to strike out on her own. Unbankable […]