Author: lbostgadmin
Sri Lanka president sends unity message
Feb 05, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa called upon foreign nations to support an effort to build unity and reconciliation in a message marking an anniversary of gaining independence from British rule.Western nations, led by the US are expected to move a UN resolution calling on accountability for alleged war crimes citing […]
Aftermath
By Nalaka Gunawardene Feb 05 – So it was a known construction worker cum odd job man who killed senior Lankan journalist Mel Gunasekera. The man, hunted down within the same day Mel was stabbed to death in her suburban home, was apparently familiar with the place and the family’s routine. When she recognised him, […]
Sri Lanka stocks close down 0.7-pct
Feb 05, 2014 (LBO) – Sri Lanka stocks close down Wednesday with banking and diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 7.40 rupees lower at 1,276.20 rupees and Cargills Ceylon closed 4.90 rupees lower at 149.00 rupees. Lanka IOC closed 1.20 rupees higher at 38.80 rupees and Nestle Lanka ended 5.00 rupees […]
Sri Lanka Treasuries bids rejected
Feb 05, 2014 (LBO) – Bids for 3 and 6 month tenors at a weekly Treasury bills auction was rejected Wednesday, but the 12-month yield fell 04 basis points to 7.10 percent. The state debt office said 15.4 billion rupees of bids were accepted for 12-month bills after offering 12.0 billion rupees of bills for […]
Cricket: Sangakkara lifts Sri Lanka with 34th century
CHITTAGONG, February 4, 2014 (AFP) – Kumar Sangakkara became the leading century-maker among active Test players as Sri Lanka bounced back strongly after a shaky start in the second Test against Bangladesh in Chittagong on Tuesday.The tourists, who won the first Test by an innings and 248 runs in Dhaka last week, recovered from 49-2 […]
Passing
Feb 04, 2014 (LBO) – Mel was regarded by colleagues as a hard-nosed financial journalist even after she switched to a more lucrative job with an international ratings agency, but few would have known of her other passion – motor sports and classic cars. Our last conversation a few days earlier was all about the […]
Appreciation
Feb 04, 2014 (LBO) One of the most humbling experiences in my professional life is the opportunity I had, to work with Mel Gunasekera for nearly ten years and to build a rewarding friendship.Mel took over the challenge of building LBO at a time most people were skeptical about the future of web as a […]
Obituary Notice
Gunasekera, Melicia (Mel) – Dearly beloved daughter of Marcus and Manel Gunasekera and loving sister of Dayan died under tragic circumstances. Cortege leaves residence 55/4, Gemunu Mawatha, Sri Subuthipura, Battaramulla at 2.30 pm on February 4, 2014 for service at Our Lady of Fatima Church Battaramulla. Burial will be held at Roman Catholic section of […]
Credit Trend
Feb 03, 2014 (LBO) – Sri Lanka’s private credit is expected to pick up from this quarter, based on historical trends, but there could be a delay, Standard Chartered Bank said, as credit slowed following a balance of payments crisis.The report said further monetary easing should be viewed cautiously as it could generate currency instability […]
Sri Lanka stocks close 0.4-pct lower
Feb 03, 2014 (LBO) – Sri Lanka stocks close lower Monday with diversified and finance stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 28.74 points lower at 6,219.34, down 0.46 percent. The S&P SL20 closed 12.03 points lower at 3,431.22, down 0.35 percent. Turnover was 1.10 billion rupees, down from […]
Rights, democracy under threat in Sri Lanka: US envoy
COLOMBO, February 1, 2014 (AFP) – Democracy is under threat in Sri Lanka and its rights record has deteriorated in the five years since the end of a bloody ethnic war, a top US envoy said Saturday.Nisha Biswal, assistant secretary of state for South and Central Asia, said Colombo had failed to ensure reconciliation, justice […]
Sri Lanka rejects US criticism over rights, democracy
COLOMBO, February 2, 2014 (AFP) – Sri Lanka on Sunday rejected “patently unfair” allegations by the United States that its rights record had deteriorated in the five years since the end of a bloody separatist war.Foreign Minister G. L. Peiris said remarks by Nisha Biswal, US Assistant Secretary of State for South and Central Asia, […]