Author: lbostgadmin
Instant Cash
January 09, 2007 (LBO) – Privately run Ceylinco Insurance, is offering on the spot cash facilities to settle customer claims, in an attempt to retain its lead as one of the biggest insurers in Sri Lanka, officials said Tuesday. “Claims relating to polices from motor vehicles, marine, health, homes, trade establishments, fire and miscellaneous insurance […]
Sri Lanka beefs up security after bus bombings
Jan 8, 2007 (AFP) – Sri Lanka Monday stepped up security on public transport across the country after two weekend bomb attacks killed 21 passengers and wounded about 120, police said. Passengers were forced to line up for security checks before boarding buses and trains that bring in about 70 percent of the one million […]
UN fears for Sri Lankan civilians as attacks escalate
Jan 8, 2007 (AFP) – The United Nations Monday condemned weekend bomb attacks on bus passengers in Sri Lanka and and called on the combatants in the island’s ethnic conflict to ensure civilian safety in battle zones. “The United Nations calls for the protection of all civilians throughout the island,” the statement said. The bus […]
White Lies
NETANYA, Israel, Jan 8, 2007 (AFP) – Have you ever wondered if someone you are chatting to is telling the truth?New lie detector software from high-tech powerhouse Israel says it can show you — across the Internet. “We tested it with the (former US president Bill) Clinton speech about his relationship with his intern Monica […]
United Action
Jan 08, 2007 (LBO) – Sri Lanka Telecom trade unions including non executive technical staff are threatening to go on strike next week, if the telecom giant fails to sort out salary anomalies, promotions and restrict short-term contracts. The union official says the company had not yet granted 17.5 percent, 20.0 percent or 25.0 percent […]
Few Tweaks
January 8, 2007 (LBO) – Sri Lanka’s Central Bank plans to revise the way commercial banks’ compute the single borrower limit, as part of its drive to strengthen the banking system. “We are looking at revising the Single Borrower Limit in line with improved risk management by banks,” Governor Nivard Cabraal said. Presently, a single […]
State-run Bank of Ceylon to raise US$ 100 mn syndicated loan
January 8, 2007 (LBO) – Sri Lanka’s state-run Bank of Ceylon plans to tap the international capital markets early this year to raise 100 million dollars via a three-year syndication loan, a senior official said. The deal, arranged with sole bookrunner HSBC, was earlier scheduled for late last year.Bank of Ceylon was forced to pull […]
Bingo
January 5, 2007 (LBO) – Sri Lanka Friday inked a 5.16 billion rupee (47.8 million dollar) agreement with Indian fuel retailer Lanka IOC Ltd. to settle a long standing subsidy payment. Lanka IOC is 75 percent-owned by Indian Oil Corp., with the remaining 25 percent listed on the Colombo Stock Exchange. The company commenced operations […]
Sri Lanka jets destroy rebel navy base
Jan 5, 2007 (AFP) – Sri Lankan air force jets conducted a fourth straight day of raids Friday against Tamil Tiger positions in the north of the island, a military spokesman said. Brigadier Prasad Samarasinghe said a dawn raid by Israeli-built Kfir jets “completely destroyed” a Liberation Tigers of Tamil Eelam (LTTE) base at Wilawattai […]
Indonesia captures Sri Lankan wanted in US for arms smuggling
JAKARTA, Jan 5, 2007 (AFP) – Indonesian police have captured a Sri Lankan wanted in the United States for allegedly smuggling arms for use in terrorist attacks in New York, police said Friday. Pratheepan Thavarajah, 32, was arrested on Thursday at Soekarno-Hatta International Airport in Jakarta just as he was boarding a flight to Kuala […]
Four dead in Sri Lanka bus blast
Jan 5, 2007 (AFP) – At least four people were killed and 50 wounded in a bus blast near Sri Lankan capital Colombo, police said Friday.A bomb ripped through the passenger bus driving between Nittambuwa and Giriulla during the evening rush hour on the main Colombo-Kandy highway. The bus immediately caught fire, eye witnesses said. […]
Five dead in Sri Lanka bus blast
Jan 5, 2007 (AFP) – Suspected Tamil Tiger rebels set off a powerful explosion aboard a bus, killing at least five people and wounding 50 others near Sri Lankan capital Colombo, defence ministry said. A bomb ripped through the passenger bus driving between Nittambuwa and Giriulla during the evening rush hour on the Colombo-Kandy highway. […]