Author: lbostgadmin
Upgraded
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the agency said Tuesday. “The upgrade of the rating recognises improvements in PABC’s profitability and relative improvements in its capitalisation ratios and asset quality since the bank was first […]
Sri Lanka reaches May reserve money target: Central Bank
June 04, 2007 (LBO) – Sri Lanka has reached its reserve money target for May with several billion rupees to spare, indicating that inflation will continue to move down in the future, the Central Bank said. “The achievement of reserve money targets will lead to the continuous deceleration of the growth in broad money and […]
Heavy fighting in Sri Lanka leaves 82 dead, say combatants
June 3, 2007 (AFP) – Tiger rebels destroyed army bases in northern Sri Lanka leaving 82 combatants dead according to both sides Sunday as the island’s main aid donor, Japan, was set to launch a fresh peace bid.More than 60,000 people have been killed in the conflict.The Liberation Tigers of Tamil Eelam (LTTE) said they […]
Sporadic clashes in Sri Lanka after heavy fighting
June 4, 2007 (AFP) – Sri Lankan government troops and Tamil Tiger rebels were engaged in sporadic clashes in the north of the island Monday, the day after fierce battles left scores of fighters dead, official sources said.Following the guarantees, the aid groups from the US, UN and European Union among others agreed to return […]
Sri Lanka business chamber reiterates call for unity to solve ethnic problem
June 04, 2007 (LBO) – Sri Lanka’s top business chamber Monday called for unity to help the island overcome the violence that has gripped the country and reiterated its support for a bipartisan approach to solve the ethnic problem. The Ceylon Chamber of Commerce said in a statement it condemns all forms of violence and […]
Fighting rages in Sri Lanka ahead of Japan peace visit
June 4, 2007 (AFP) – Artillery and mortar battles between government troops and Tamil rebels raged in northern Sri Lanka Monday, the day before an attempt by top donor Japan to revive the tattered peace process.The clashes followed on from fierce hand-to-hand battles over the weekend that left scores of combatants dead along the front […]
Jamaican police seek pathology files in Woolmer case – report
KINGSTON, Jamaica, June 3, 2007 (AFP) – The Jamaican Police have requested a third pathology report on the death of former Pakistan cricket coach Bob Woolmer, the Jamaican Gleaner newspaper quoted a senior police officer saying.The officer, who did not want to be named, said Woolmer was not murdered. “Certainly, in my view it was […]
” opponents
PANAMA CITY, June 3, 2007 (AFP) – The head of the Organization of American States opened a hemispheric summit late Sunday with a warning against “silencing” political opponents, a week after Venezuelan President Hugo Chavez shut down an opposition television station.“The first duty of a democratic government is broadening democracy,” OAS Secretary General Jose Miguel […]
High Standards
June 04, 2007 (LBO) – Sri Lanka’s new company law should encourage good governance and help deter boardroom abuses that have given the corporate sector a bad name, experts said. This act is easy to understand and reader friendly so you can read and understand your responsibilities, Cabraal said. The new companies act should only […]
” innings
June 4, 2007 (AFP) – Advance bookings for England’s winter cricket tour of Sri Lanka has been rising steadily even as fighting between troops and Tamil Tiger rebels escalates, officials said on Monday.A tour organising official at Sri Lanka Cricket (SLC) said at least 4,000 bookings by British cricket fans have been almost finalised and […]
Sri Lanka says Tamil Tigers are a threat to international shipping
SINGAPORE, June 3, 2007 (AFP) – Tamil Tiger rebels are a threat to shipping in the Indian Ocean, Sri Lanka’s foreign minister told a regional security conference Sunday in an appeal for global action against the guerrilla group. Rohitha Bogollagama said the Liberation Tigers of Tamil Eelam (LTTE) were one of the few “terrorist organisations” […]
Heavy fighting erupts in northern Sri Lanka
COLOMBO, June 2, 2007 (AFP) – Government forces and Tamil Tiger rebels were locked in heavy combat in northern Sri Lanka Saturday night, as the military bombed rebel positions elsewhere, official sources said. Heavy shelling was heard in Pampaimadu in the district of Vavuniya, which borders the rebel-held Wanni region, residents and officials said. There […]