Category:
Arrested
KUALA LUMPUR, May 25, 2014 (AFP) – Three men suspected of being Tamil Tigers have been arrested in Malaysia, a top police official said Sunday, accusing them of attempting to revive the Sri Lankan separatist group. Khalid Abu Bakar, inspector-general of police, said the trio, who had been in Malaysia since 2004, were arrested in […]
Label Rules
May 25, 2014 (LBO) – Sri Lanka’s Ceylon Tobacco Company Plc, a unit of British American Tobacco said it had gone to Supreme Court again over new labeling regulations, shortly after a court ruling that allowed graphical warnings.The recent court ruling allowed graphic labels covering 50 to 60 percent of the area of a pack […]
Football: Afghan players injured in Maldives bus crash
COLOMBO, May 24, 2014 (AFP) – Five players and two officials of the Afghan national team were injured in a road accident in the Maldives Saturday after an AFC Challenge Cup match, a report said.Afghan skipper Haroon Fakhrudin was among those hurt when the team bus crashed into a motorcycle while returning to a hotel […]
England skipper face injury doubt before Sri Lanka match
LONDON, May 24, 2014 (AFP) – England captain Alastair Cook could be ruled out of Sunday’s second one-day international against Sri Lanka at Chester-le-Street with a groin injury.Eoin Morgan — who led the Twenty20 side last week in place of the injured Stuart Broad — could again step in as captain should Cook miss out. […]
Sri Lanka employment diversity forum by SLASSCOM with all female panel
May 25, 2014 (LBO) – Sri Lanka’s information technology chamber is has organized a forum on workplace diversity, with a top Microsoft executive and academic to deliver the keynote speech. Sri Lanka Association of Software and Service Companies (SLASSCOM) is hosting the breakfast briefing on Increasing Diversity and Inclusiveness in the Contemporary Workforce on Tuesday […]
Sri Lanka elephants migrate from Canada to US
WASHINGTON, May 24, 2014 (AFP) – Three female Asian elephants took up residence at the Smithsonian’s National Zoo in Washington on Friday after a 2,500-mile (4,000-kilometer) road trip from western Canada.Now in quarantine for 30 days as they adapt to their new surroundings, the immigrant pachyderms can be seen on the National Zoo’s “elephant cam” […]
Sri Lanka EPF running out of cash as workers age: legislator
May 24, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund is running out of new cash to repay beneficiaries as the private sector population age rapidly but attempts by the state to deny withdrawals at maturity will be resisted, a legislator said.Withdrawals were 48.7 billion rupees in 2012 and 50.2 billion rupees and the cash […]
‘s data which could be used to expand ruler powers over people flawed: report
LONDON, May 24, 2014 (AFP) – French economist Thomas Piketty’s best-selling book on income inequality is flawed by errors in his data, the Financial Times newspaper said Saturday.An investigation by the British broadsheet found there was little evidence in the 43-year-old’s original sources to underpin his argument that an increasing share of total wealth is […]
Kotagala Plantations raise one billion rupees from Sri Lanka listed debt
May 23, 2014 (LBO) – Sri Lanka’s Kotagala Plantations Plc said it had received orders of over a billion rupees for a stock exchange listed debenture offer. The firm planned to use 250 million rupees to repay an 18 percent term loan, 400 million rupees to settle an overdraft at 15.5 percent and 50 million […]
Sri Lanka stocks close lower
May 23, 2014 (LBO) – Sri Lanka’s stocks closed 0.16 percent lower with tobacco stocks losing ground despite foreign buying, brokers said. Indo-Malay closed 150.00 rupees lower at 1,700.00 rupees and Shalimar (Malay) closed 98.00 rupees lower at 1,600.00 rupees. Asian Hotels and Properties closed 2.30 rupees lower at 70.00 rupees and Trans Asia Hotels […]
Credit Positive
May 23, 2014 (LBO) – A credit guarantee scheme announced by Sri Lanka for banks lending against gold is positive for banks which have been hit by defaults, Moody’s, a rating agency said.Moody’s said underwriting standards fell in Sri Lanka after 2009 and banks were advancing as much as 80 to 95 percent of loan-to-values […]
Legal Battle
May 22 (AFP) A British tourist thrown out of Sri Lanka for sporting a Buddha tattoo is suing local authorities for $78,000 over her ordeal, which allegedly included sexual harassment, her lawyer said Thursday. Naomi Coleman filed the action in the Supreme Court in Colombo on Wednesday seeking 10 million rupees ($78,000) in compensation from […]