Author: lbostgadmin
Short Hop
Mar. 31 (LBO) – Sri Lanka Telecom, the island’s dominant fixed-line operator, Friday said they will resume sales of Code Division Multiplex Access or CDMA phones from April 1st. The decision comes after SLT got a court injunction against the telecom regulator to, on their CDMA installation charges. SLT suspended sales of CDMA connections on […]
Guessing Game
Mar. 31 (Dow Jones)–When inflation in Sri Lanka surged last year, the central bank went on an aggressive monetary tightening that saw 125 basis points added over 2005.Inflation has begun to slide since then, and the central bank appears to be preparing to shift to a looser policy, but analysts said it’s unlikely that the […]
Fresh Date
Mar. 31 (LBO) – Sri Lanka’s Sampath Bank put off its extraordinary general meeting Friday to discuss a proposal to lift minimum shareholder limits at a later date. The bank, which also conducted its annual general meeting at the same time, had proposed to amend the articles of association on the 5-percent shareholder limit to […]
Commercial Bank to raise Rs3 bn through 10-year debt paper
Mar. 31 (LBO) – Sri Lanka’s Commercial Bank of Ceylon is raising up to Rs3.0 billion in long term funds next month through a combination of private and public placement of debentures, an official said Friday. Fitch Ratings Lanka Friday gave the issue a rating of ‘AA (sri)’ and a stable outlook, for the unsecured […]
Mediator tells Sri Lankan parties to keep ceasefire promise
LONDON, Mar. 29 (AFP) – The main mediator in the long-standing conflict in Sri Lanka, Erik Solheim of Norway, on Wednesday called for the government and Tamil rebels to keep their commitment to a ceasefire even after the recent deadly attack on a naval vessel.Suspected rebels blew up a trawler together with six of their […]
Tigers seek security guarantees to attend Swiss talks
Mar. 30 (AFP) – Tamil Tiger rebels Thursday demanded guarantees of safe passage through Sri Lanka’s only international airport to attend Swiss talks next month on saving their troubled ceasefire.The Liberation Tigers of Tamil Eelam (LTTE) said they will attend talks in Switzerland, tentatively set for April 19 to 21, only if peace broker Norway […]
Sri Lanka votes in local poll
Mar.30 (AFP) – Sri Lankans were voting Thursday to elect local government bodies, but there was no balloting in the island’s embattled northern and eastern regions, officials said. Some 10.1 million people are eligible to vote for municipal and urban councils as well as village councils responsible for the maintenance of utilities, but electoral officials […]
Sri Lanka rights body facing collapse, watchdog warns
Mar.30 (AFP) – Sri Lanka’s independent human rights watchdog may collapse as the government has failed to replace the outgoing panel of commissioners, the Asian Human Rights Commission said Thursday. The Hong Kong-based AHRC said Sri Lanka’s Human Rights Commission will be without commissioners from April 3 because the island’s Constitutional Council, which is empowered […]
Sri Lanka peace bid side-lined in local vote
Mar.30 (AFP) – Sri Lanka Thursday voted at local elections after a lack-lustre campaign where even the usually divisive peace process was pushed to the background, officials and analysts said. Voting was slow across the country, elections officials said adding, however, that there was no balloting in the island’s restive northern and eastern regions where […]
Low turnout in Sri Lanka local polls
Mar. 30 (AFP) – A low turnout marred municipal elections in Sri Lanka Thursday after a campaign which unexpectedly focused on local issues instead of the usual electoral favourite, the island’s divisive peace process.Election officials estimated that only about half the 10.1 million eligible voters turned out to cast their ballots to elect municipal, urban […]
Neat Fit
Mar. 30 (LBO) – The open source middleware start up WSO2 said Thursday that its WSO2 Tungsten product is fully interoperable with Microsoft’s upcoming Vista operating system. WSO2 is an open source company, which has offices in Boston, USA and a development centre in Sri Lanka. “Our efforts are proving that open source middleware technologies […]
Rubber, tea prices boost Kelani Valley sales
Mar. 30 (LBO) – Kelani Valley Plantations Ltd and its subsidiary companies have reported healthy increase in turnover for the financial year ended December 31, 2005 on the back of strong growth in tea and rubber production.In its annual report for 2005 the company reported a 10 per cent increase in turnover to Rs 1.918 […]