Author: lbostgadmin
Feed Line
February 09 (LBO) – A ship carrying essential foodstuff from India is due to reach the Jaffna peninsular next week, an official said. The first ship had brought of 3,200 tonnes of essential foods and this ship would have 1,000 tonnes of rice, 500 tonnes of sugar among its cargo, Nalin Fernando, chairman of the […]
Political Storm
February 9 (LBO) – Three ministers in President Mahinda Rajapakse’s government has been removed from their posts, officials and state television said.Anura Bandaranaike lost the tourism ministry in last month’s cabinet re-shuffle and has been publicly expressing his displeasure. Bandaranaike is former President Chandrika Kumaratunga’s brother. Sri Lanka Freedom Party strongman Mangala Samaraweera who held […]
Pension Hit
February, 9 (LBO) – A one-off pension charge hit Commercial Bank of Ceylon’s earnings in the last quarter, dragging down annual profits despite capital gains from equity sales, draft accounts released Friday said. The bank lost 276 million rupees in the December quarter as a 1,738 million rupee charge to a restructured pension scheme took […]
‘s western province, bad policies worsen it elsewhere
February 08 (LBO) – Economic reforms has slashed poverty in Sri Lanka’s western province while backward policies that kept agriculture stagnant in rural areas were trapping people in poverty, researchers have found. Poverty in the western province fell from 19 to 11 percent between 1991 and 2002, with the region growing at twice or three […]
Not Funny
February, 08 (LBO) – A decision by the Ceylon Petroleum Corporation to tender its liquid petroleum gas output in the open market will re-create an absolute monopoly, Sri Lanka’s second gas retailer has said. CPC which produces about 10 percent of the country’s annual L P gas requirements now sells its production to Laugfs Lanka, […]
Hindu priest shot dead after welcoming Sri Lanka president
Feb 8, 2007 (AFP) – Suspected Tamil Tiger rebels shot dead a Hindu priest who welcomed President Mahinda Rajapakse to a former guerrilla bastion in the island’s east, military officials said Thursday. Selliah Parameswar was dragged out of his house in Batticaloa district and shot dead late Wednesday by a group of unidentified gunmen, officials […]
” by US peace envoy call
Feb 8, 2007 (AFP) – Sri Lanka Thursday said it was not ‘unduly worried’ over a proposal to US President George W.Bush by American lawmakers to appoint a special envoy to help bring peace to the embattled Indian Ocean island.Sri Lanka cabinet spokesman and Media Minister Anura Yapa said Colombo believed the US would continue […]
Rain stops India-Sri Lanka one-dayer
KOLKATA, India, Feb 8, 2007 (AFP) – Unseasonal rain turned into a torrential downpour, forcing the first one-day international between India and Sri Lanka to be called off here on Thursday.A sell-out crowd of 88,000 at the Eden Gardens returned home disappointed as the weather ruined what promised to be an absorbing contest. Sri Lanka […]
Broader Access
Feb 08, 2007 (LBO) – Sri Lanka’s largest mobile operator, Dialog Telekom which helped make mobile phones a ubiquitous device in the country, says it wants to do the same to the digital pay TV industry. “If I were to trace back ten years, we took that device that was considered a luxury – a […]
Jumbo Records
February 8, 2007 (LBO) – Guinness World Records could start a new record category on jumbo sized cabinets of ministers if a formal request is made, a Guinness official said. Rajapakse’s former ally, the Marxist JVP or People’s Liberation Front, said the huge cabinet for a country of 19.5 million people had made Sri Lanka […]
Sri Lanka wants grow oil-bearing jatropha plants for bio-diesel
Feb 08, 2007 (LBO) – Sri Lanka is studying the feasibility of growing a new oil-bearing plant in marginal state land to make bio-diesel with private sector partners, an official said.Countries such as the United States have given tax-breaks for alternative fuels, and blended bio-diesel such as B5 with 5 percent vegetable based diesel is already […]
Oil Deposit
February 07, 2007 (LBO) — Sri Lanka has asked governments of India and China to make a 100 million dollar deposit each, for securing a block to explore oil off the shores of the island, a top official said.“Out of the eight identified oil blocks we have given one each to India and China on […]