Category:
‘s Jayawardene quits as captain
February 11, 2009 (AFP) – Mahela Jayawardene on Wednesday decided to step down as Sri Lanka’s cricket captain after the upcoming Tests in Pakistan, saying he was doing it “in the best interests” of the team.“This is something I have been considering for some time as it has been my long-held belief that my successor […]
Sri Lanka cuts policy rates
Feb 11, 2009 (LBO) – Sri Lanka’s central bank has cut its discount rate that sets the upper limit of inter-bank transactions by 50 basis points to 16.50 percent and a restricted window by 25 basis points to 12.00 percent, amid falling inflation. “Inflation has been on a path of rapid deceleration, benefiting from the […]
Indonesia to issue 12-pct Islamic bonds
JAKARTA, February 10, 2009 (AFP) – Indonesia launched its first retail Islamic bond this month hoping to catch up with its neighbours in the Islamic finance business and help fund a six-billion-dollar economic stimulus package. It may be the world’s most populous Muslim country and Southeast Asia’s largest economy but Indonesia has been slow to […]
Sri Lankan shares close marginally up
Feb 10, 2009 (LBO) – Sri Lankan stocks ended slightly up Tuesday with speculative trading on Lanka Cement by small investors, as high-net-worth and institutional investors stayed away owing to fears of poor company earnings, brokers said. The All Share Price Index ended up 0.21 percent (3.77 points) at 1,765.88 while the more liquid Milanka […]
Sri Lanka tea exports rise in 2008
Feb 10, 2009 (LBO) – Sri Lanka exported 319.7 million kilos of tea and earned an estimated 1.26 billion dollars in 2008, but industry officials said shippers may not have received full payment given the collapse of the market towards the end of the year. Brokers Asia Siyaka Commodities said in a market report that […]
Sri Lanka business chamber in anti-pollution campaign
Feb 10, 2009 (LBO) – A Sri Lankan business chamber said it plans to start an awareness programme to minimise pollution from agriculture and industry in the island’s provinces using selected enterprises as models for others.“Industrial pollution is causing lot of damage to the environment in urban and rural areas,” the Federation of Chambers of […]
Sri Lankan Tigers gun down civilians: military
February 10, 2009 (AFP) – Sri Lanka’s Tamil Tiger guerrillas on Tuesday shot dead 17 civilians and wounded nearly 70 others fleeing territory still under rebel control, military spokesman Udaya Nanayakkara said.Survivors of the attack who arrived at a military post told how Tiger fighters had fired on a group of 1,000 people trying to […]
Sri Lanka civilians flee war zone despite suicide strike: govt
February 10, 2009 (AFP) – Thousands of Tamil civilians streamed out of Sri Lanka’s war zone on Tuesday despite a suicide bombing that killed 30 people at a centre for those escaping the fighting, a military official said.More than 6,500 Tamils crossed the frontlines in the northern Mullaittivu region on Monday, Brigadier Udaya Nanayakkara said, […]
Sri Lanka Union Assurance profits up
Feb 10, 2009 (LBO) – Sri Lanka’s Union Assurance said group net profit for the December quarter shot up 33 percent to 232 million rupees from a year ago with the bottom line buoyed by income from investments. Life insurance profits also increased by 28 percent to 185 million in 2008 from 144 million in […]
”
February 9, 2009 (AFP) – The BBC has suspended its FM programming to Sri Lanka’s national broadcaster because of what it claimed was “deliberate interference”, it said Monday. In a statement, the BBC said its programmes and news reports in English, Sinhala and Tamil had been blocked by the Sri Lanka Broadcasting Corporation (SLBC), and […]
Sri Lanka ancient economy may have been hit by monetary debasement: economist
Feb 10, 2009 (LBO) – A period of prosperity based on international trade, under an ancient Sri Lankan king may have declined following monetary debasement, as well as a decline in external trade, a top economist in the island said.Central Bank deputy governor W A Wijewardene says, during the reign of king Parakramabahu the Great […]
Sri Lanka suicide attack condemned by US
Feb 09, 2009 (LBO) – The United States has condemned a Tamil Tiger suicide attack in northern Sri Lanka that killed 28 people and urged the rebels to let civilians move out of the war zone. “The United States condemns today’s suicide attack on a government centre that was registering internally displaced persons who had […]