Category:
Index
Nov 20, 2009 (LBO) – Sri Lanka has slipped five places to 97 in the annual corruption perceptions index in an annual perception survey conducted among 180 countries, by Transparency International, a corruption watchdog.“What we see is a clear indictment on Sri Lanka and the urgent need for major systemic changes to wipe out corruption,” […]
UN Call
November 19, 2009 (AFP) – The United Nations on Thursday stepped up pressure on Sri Lanka to free thousands of war-displaced civilians held in state-run internment camps.“Months after the conflict ended, our main concerns haven’t changed. People are still not given free access to leave these camps on their own free will,” UN humanitarian chief […]
India force a draw after Gambhir, Tendulkar tons
AHMEDABAD, November 20, 2009 (AFP) – Gautam Gambhir made 114 and Sachin Tendulkar hit an unbeaten 100 as India batted out the final day to draw the first cricket Test against Sri Lanka here on Friday. India easily wiped out a huge first innings deficit of 334 runs as they scored 412-4 in their second […]
Sri Lanka has released half of war-displaced: minister
November 20, 2009 (AFP) – Sri Lanka has released more than half of the thousands of displaced civilians held in government camps after the end of the country’s ethnic conflict earlier this year, a minister said Friday. “We feel the security situation has eased considerably now to allow people to return to their homes,” Human […]
”’ human rights
November 20, 2009 (AFP) – Sri Lanka’s former top military officer who resigned last week promised on Friday to “fight for democracy” amid reports he will challenge the president at upcoming elections.General Sarath Fonseka, who quit as chief of defence staff following a spat with President Mahinda Rajapakse, said he was committing himself to restoring […]
Sri Lanka inflation seen subdued: IMF
Nov 20, 2009 (LBO) – Visiting International Monetary Fund officials said Sri Lanka’s inflation is seen staying low with no sign of demand-driven inflationary as the economy and credit are still growing too slowly to generate inflation. IMF mission chief Brian Aitken said economic growth has been better than expected when it approved a 2.6 […]
Sri Lankan stocks close down 0.34-pct
Nov 19, 2009 (LBO) – Sri Lankan shares closed down Thursday, on news billionaire fund manager Raj Rajaratnam was selling part of his stocks, while retail investors who got burnt on margin calls in a downturn stayed on the sidelines, brokers said. The All Share Price Index closed at 2,960.77, down 0.34 percent (10.13 points) […]
State Banking
Nov 19, 2009 (LBO) – Sri Lanka’s state-run Lankaputhra Development Bank (LDB) has received an ‘A’ rating on state support, Ram Ratings Lanka said but the bank’s bad loans had risen to 38.9 percent by end-August 2009. “Over the longer term, however, this ratio is expected to ease as concentration risk becomes more diluted due […]
Sri Lanka tea crop lowest in 10 years
Nov 19, 2009 (LBO) – Sri Lanka’s tea production in October 2009 improved from that of the same month last year when the market had crashed but output in the 10-months is the lowest in 10 years, brokers said. “Conditions that prevailed in that year were far from normal,” the brokers said. “The fourth quarter […]
Sri Lanka Hayleys helps mechanise rice farms
Nov 19, 2009 (LBO) – Sri Lanka’s Hayleys conglomerate said it plans to introduce machines for seeding and transplanting that will help paddy farmers reduce costs and improve yields.It said in a statement that the locally-built machines can halve the costs of sowing, provide up to 15 percent gain in yields and reduce harvesting costs. […]
Sri Lanka flash floods make 58,000 homeless: official
November 19, 2009 (AFP) – Nearly 60,000 people were left homeless in Sri Lanka Thursday following flash floods in the capital Colombo and the suburbs, an official said.“We have a list of over 58,000 individuals who were left homeless in and around Colombo,” Kodipillai said, adding that they were being housed in public buildings. Thousands […]
Sri Lanka Janashakthi rating watch lifted, BBB+ confirmed
Nov 19, 2009 (LBO) – RAM Ratings Lanka said it has lifted the Rating Watch with a negative outlook on Janashakthi Insurance and confirmed its BBB+ rating with a stable outlook. It said in a statement Janashakthi had improved its solvency margins with better investments. “The reaffirmation of the company’s rating is reflective of its […]