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Sri Lanka opposition warns of violence ahead of vote
January 23, 2010 (AFP) – Sri Lanka’s opposition warned on Saturday of possible vote-rigging and violence by the ruling party ahead of next week’s presidential election as both sides wound up campaigning. Ahead of the final rallies later on Saturday, opposition candidate Sarath Fonseka predicted that the ruling party, led by President Mahinda Rajapakse, would […]
Sri Lankan stocks close 0.34-pct higher
Jan 22, 2010 (LBO) – Sri Lanka stocks closed 0.3 percent higher Friday as investors awaited presidential polls on January 26 and December quarter results also started to trickle in, brokers said. The All Share Price Index closed at 3,531.73, up 12.02 points, while the Milanka index of more liquid stocks slipped 0.10 percent (3.93 […]
Rate Cut
Jan 22, 2010 (LBO) – Sri Lanka’s central bank said loans given to war torn northern and eastern areas for economic revival under a special scheme would be cut to 9.0 percent from the current 12.0 percent. The central bank said the loans were available from Bank of Ceylon, People’s Bank, Hatton National Bank, Commercial […]
Bank Block
WASHINGTON, January 22, 2010 (AFP) – President Barack Obama unveiled plans Thursday to limit the size and scope of US banks and financial firms in a new offensive against Wall Street excesses laid bare by the financial crisis. “Never again will the American taxpayer be held hostage by a bank that is too big to […]
‘s child brides
PARIS, January 22, 2010 (AFP) – Babies born to child brides in India run a higher risk of malnourishment compared to those born to older mothers, says a paper appearing on Friday. Anita Raj, a professor at Boston University School of Public Health, led an investigation into 19,000 children born to 13,500 women who had […]
‘s eye
Jan 22, 2010 (LBO) – Sri Lanka’s upcoming presidential polls will be monitored by around 40 observers representing the Association of Asian Election Authorities (AAEA), a Taiwan based body, officials said. The Asian observers had come on an invitation extended by elections chief Dayananda Dishanayake, Pan Wel-Ta, Taiwanese election commissioner, who is heading the mission […]
Bomb attack in Sri Lanka capital ahead of vote
January 22, 2010 (AFP) – A key opposition activist in Sri Lanka was targeted at home by a bomb early Friday, police said, despite tighter security ahead of next week’s presidential election. Ban urged all Sri Lanka parties and their supporters “to show restraint and refrain from violence, to adhere to the electoral laws and […]
Sri Lanka Treasuries yields marginally up
Jan 21, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up marginally across maturities at Wednesday’s auction, the government’s debt office said. The 3-month yield rose 02 basis points to 7.86 percent, the 6-month yield also moved up 04 basis points to 8.86 percent and the 12-month yield moved up 03 basis points to […]
Sri Lankan stocks close 0.36-pct down
Jan 21, 2010 (LBO) – Sri Lanka stocks closed lower Thursday as small investors took profits on high value stocks and bought low value counters, while next week’s presidential polls loomed large on the horizon, brokers said. The All Share Price Index closed at 3,519.71, down 12.70 points, while the Milanka index of more liquid […]
Northern Banking
Jan 21, 2010, JAFFNA (LBO) – A bank specializing in lending to Sri Lanka’s war torn north of the island will be set up Central Bank governor Nivard Cabraal told a forum in the island’s Jaffna peninsular. This week Cabraal also opened a branch of DFCC Bank in Jaffna, also a ‘development bank’ at one […]
Sri Lanka JKH hotel unit to raise Rs3.6bn to expand
Jan 21, 2010 (LBO) – The leisure unit of Sri Lanka’s John Keells Holdings group is making a 3. 6 billion rupee cash call to spruce up its hotels and build new ones as the country expects a surge of tourists after the end of a 30-year war. The company said it was issuing 364 […]
Sri Lanka to sign coal plant deal with India after elections
Jan 21, 2010 (LBO) – The wrapping up of a joint venture deal to build a coal power plant on Sri Lanka’s eastern coast by India’s National Thermal Power Corporation (NTPC) has been put off till presidential polls are over, an official said. The government said a joint venture agreement and a power purchase agreement […]