Category:
Canada unveils law to curb illegal immigration
OTTAWA, October 21, 2010 (AFP) – The Canadian government on Thursday unveiled legislation aimed at curbing illegal immigration and human smuggling by imposing stiff penalties and even detaining asylum seekers. The arrival of two ships carrying illegal migrants over the past year “clearly demonstrates that human smuggling networks are targeting Canada as a destination and […]
Sri Lanka stocks close up 0.33-pct
Oct 21, 2010 (LBO) – Sri Lanka stocks closed up 0.3 percent Thursday, with buying interest coming for banking sector stocks, brokers said. The benchmark Colombo All Share Index closed up 0.33 percent (21.77 points) at 6,685.99 points, while the Milanka Index of more liquid stocks rose 0. 59 percent (42.43 points) to 7,270.80 according […]
Gas Prospects
Oct 21, 2010 (LBO) – Sri Lankan liquid petroleum gas supplier Laugfs Gas is raising 2.5 billion rupees to settle debt, expand facilities and also enter property development as the country recovers from a war, its promoters said. Market Growth Laugfs has a 28 percent share of the total LPG market which it aims to […]
Sri Lanka reveals haul of civilian gold from war zone
October 21, 2010 (AFP) – The Sri Lankan government has said its troops collected more than four million dollars worth of gold jewellery during the defeat of the Tamil Tiger rebels. Chief government whip Dinesh Gunawardena told parliament on Wednesday that security forces picked up the precious items during the final months of the decades-long […]
” to fiscal prudence hailed
Oct 21, 2010 (LBO) – Sri Lanka has made a ‘re-commitment’ to fiscal prudence and a promotion of public private partnerships is a pragmatic recognition of private sector strengths that will help improve finances, a top economist and retired public servant had said. Former central bank governor A S Jayewardene said a recent speech by […]
US disruption of China currency will be disastrous: Steve Hanke
Oct 21, 2010 (LBO) – A sudden appreciation of the Chinese currency, which is sought by the US, could disrupt China’s economy and the world, rather than increasing the demand for American exports, a top monetary economist has warned. “Using the authority granted by the Thomas Amendment of 1933 and the Silver Purchase Act of […]
Sri Lanka halts overnight open market operations
Oct 20, 2010 (LBO) – Sri Lanka’s central bank has stopped overnight auctions to withdraw excess liquidity from money markets until further notice, but will continue term auctions of securities to sterilize excess liquidity, officials said. Last month Sri Lanka also raised a billion dollars in international markets of which only about half was used […]
Sri Lanka Treasuries yields up slightly
Oct 20, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up 05 basis points at Tuesday’s auction with the government also resuming the sale of 3-month bills at 7.02 percent, a statement from the debt office said. The government sold 6-month bills at 7.09 percent up 05 basis points, and 12-month bills at 7.22 […]
Sri Lanka stocks close down 0.59-pct
Oct 20, 2010 (LBO) – Sri Lanka stocks closed down Wednesday, dragged down by falls in index heavy stocks like John Keells Holdings (JKH) and Hatton National Bank (HNB), brokers said. The Colombo All Share Index closed down 0.59 percent (39.39 points) to 6,664.22 points, while the Milanka Index of more liquid stocks dipped 1.07 […]
Fashion Statement
Oct 20, 2010 (LBO) – Sri Lankan retailer Odel’s net profit rose 18 percent to 63. 6 million rupees in the September 2010 quarter from a year ago with sales strong but costs also rising sharply, a stock exchange filing said. Sales rose 50 percent to 836 million rupees in the quarter, its first as […]
‘s most climate-vulnerable region: study
PARIS, October 20, 2010 (AFP) – South Asia is the world’s most climate-vulnerable region, its fast-growing populations badly exposed to flood, drought, storms and sea-level rise, according to a survey of 170 nations published on Wednesday. Of the 16 countries listed as being at “extreme” risk from climate change over the next 30 years, five […]
Coal India IPO twice oversubscribed on day three
MUMBAI, October 20, 2010 (AFP) – India’s 3. 5-billion-dollar sale of shares in state-run Coal India was doubly oversubscribed a day ahead of the close of the country’s biggest ever stock offer, stock exchange figures showed Wednesday. Bids had been received for 1.29 billion shares — 2.05 times the number up for grabs. Coal India’s […]