Category:
Partial Protection
PARIS, July 10, 2014 (AFP) – A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said Friday.Devised by the French pharmaceutical giant Sanofi Pasteur, the so-called CYD-TDV vaccine provided only 30 percent protection against the dangerous […]
Software Spread
July 11, 2014 (LBO) – Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its ‘FortunaFinance’ branded platform will allow Solomon Island’s Pan Oceanic Bank (POB) to provide services to customers through mobile phones and the web. “¦[F]inancial institutions of all sizes are […]
Sri Lanka shares close up 0.8-pct
July 10, 2014 (LBO) – Sri Lanka’s shares closed 0.83 percent higher with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.02 points higher at 6,668.86, up 0.83 percent. The S&P SL20 closed 29.08 points higher at 3,735.14, up 0.78 percent. Turnover was 2.36 billion rupees, […]
Worth Watching
July 10, 2014 (LBO) – Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and Poor’s which found Sri Lanka to be most exposed in the region after New Zealand said. Several Asian countries including China were loosening policy in response to a slowing […]
” to get kids to Australia
SYDNEY, July 9, 2014 (AFP) – A dozen mothers in an asylum-seeker camp have reportedly attempted suicide so their children can be settled in Australia, piling pressure on Prime Minister Tony Abbott who said Wednesday he would not be morally blackmailed. The Sydney Morning Herald said the women tried to kill themselves this week after […]
”
COLOMBO, July 9, 2014 (AFP) – Sri Lanka has banned non-government organisations from holding press conferences under a new order from the defence ministry seen by AFP on Wednesday, raising new fears for freedom of speech.The order, sent widely to civil society groups earlier this month, said all NGOs should refrain from “unauthorised activities with […]
HSBC India chief at Sri Lanka business forum
July 10, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said HSBC India Chairperson Naina Lal Kidwai will deliver the keynote address at its annual business forum.Naina Lal Kidwai, Chairperson of HSBC India, will speak on the second day of “Sri Lanka Economic Summit” organized by the Chamber on August 05 and August 06.Naina […]
Sri Lanka shares close up 0.7-pct
July 09, 2014 (LBO) – Sri Lanka’s shares closed 0.73 higher on Wednesday crossing the 6,600 mark despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 48.03 points higher at 6,613.84, up 0.73 percent. The S&P SL20 closed 29.95 points higher at 3,706.06, up 0.81 percent. Turnover was 2.89 billion […]
Regional Chief
July 10, 2014 (LBO) – Sharhan Muhseen a Sri Lanka born investment banker, has been appointed Head of Financial Institutions for Southeast Asia at Credit Suisse, a Zurich-based financial group. “We are delighted to have Sharhan joining us at Credit Suisse,” Michael Tan, Head of Financial Institutions Group (FIG) Coverage for Asia Pacific said in […]
Sri Lanka stocks close up 1.0-pct
July 08, 2014 (LBO) – Sri Lanka’s stocks closed up 1.03 percent pushing the index to a four-month high with the favorable economic outlook boosting foreign investor sentiment, brokers said. Lion Brewery Ceylon closed 31.50 rupees higher at 524.90 rupees and Ceylon Beverage Holdings closed 14.60 rupees lower at 550.00 rupees. The Colombo benchmark All […]
Australian Nationalism
SYDNEY, July 8, 2014 (AFP) – Australian government lawyers said Tuesday 153 Sri Lankan asylum-seekers were in custody on the high seas and agreed to give three days’ notice before handing any back to Colombo, as criticism mounted. A late-night interim injunction Monday temporarily halted the transfer of the would-be refugees from the boat, whose […]
Boat People
GALLE, July 8, 2014 (AFP) – A Sri Lankan court Tuesday granted bail to 27 of 41 migrants who were returned to the country by Australia after a controversial mid-sea transfer, with one of them slamming Canberra for its lack of human rights.As anxious relatives waited outside the colonial-era court building in the southern city […]