Category:
Sri Lanka targets US$500mn from diaspora: CB Governor
Feb 02, 2009 (LBO) – Sri Lanka is planning to sell 500 million dollars of government securities to the diaspora community in 2009 with a road show to be kicked off this month in 11 countries, Central Bank Governor Nivard Cabraal said. The money will be channeled into the country through a forex account which […]
Sri Lanka stocks dragged down by heayweights
Feb 02, 2009 (LBO) – Sri Lankan shares were dragged down Monday by losses in heavyweights over earnings concerns with Lanka Cement the most actively traded stock in anticipation of a revival in construction activity, brokers said.Commercial Bank fell 2.62 percent (2.50 rupees) to 93 rupees with investors remaining worried over suspended oil hedge payments […]
IT Services
Feb 02, 2009 (LBO) – Massachusetts-based Virtusa Corp., an IT services firm with operations in Sri Lanka, said net profit for the December quarter rose 18.9 percent to 6.3 million dollars from a year ago. Virtusa has offices in the United States and the United Kingdom and global delivery centres in Hyderabad and Chennai, India […]
Sri Lanka warns civilians in combat zone
February 2, 2009 (AFP) – Sri Lanka issued a stark warning to civilians trapped in fighting with Tamil Tiger rebels Monday, a day after shells hit a crowded hospital in the northeast combat zone, killing at least nine people.A government statement said the fight against the cornered Tigers was at “the decisive stage” and that […]
Sri Lanka hospital shelled in fighting, nine killed
February 2, 2009 (AFP) – Shells hit a crowded hospital in northeast Sri Lanka, killing at least nine people and raising fears Monday for thousands of civilians caught in a final military push against cornered Tamil Tiger rebels. The hospital, which is in rebel-held-territory and houses around 500 patients, took direct hits in two separate […]
Sri Lanka eyes unity amid drive to crush Tamil Tigers
February 2, 2009 (AFP) – Sri Lanka has heightened its usually tight security ahead of national day celebrations even though the rebel Tamil Tigers have been brought to their knees for the first time in decades. The island marks the 61st anniversary of independence from Britain Wednesday with a military parade while its security forces […]
Oil Money
Feb 02, 2009 (LBO) – Cairn India, which is exploring for oil in Sri Lankan waters, said group after-tax profit for the December quarter was 48.5 million dollars compared to a loss of 3.5 million dollars in the same period in 2007.A company statement said group revenue of Cairn India for the quarter was 43.3 […]
Sri Lanka to have single digit inflation in 1Q09: CB Governor
Feb 02, 2009 (LBO) – Sri Lanka is expecting single digit inflation in the first quarter of 2009, and further falls in interest rates, Central Bank Governor Nivard Cabraal said, less than a year after the island recorded its highest inflation of close to 30 percent. The Colombo Consumer Price Index (CCPI), whose weights were […]
” trapped civilians
February 1, 2009 (AFP) – Sri Lanka’s military said Sunday it would move to “liberate” civilians trapped by fighting with Tamil Tiger forces, after a deadline expired for the rebels to allow non-combatants to leave the war zone.International concern over the fate of tens of thousands of men, women and children stuck in the encircled […]
‘s war raises Indian Tamil concern
CHENNAI, February 1, 2009 (AFP) – India’s large Tamil population is demanding that New Delhi ensure the safety of 250,000 of their brethren boxed into the battle zone in Sri Lanka’s north. Protesters have poured into the streets in Tamil Nadu state, home to 62 million Indian Tamils, in the past week to call for […]
Sri Lankan civilian deadline runs out
February 1, 2009 (AFP) – Sri Lanka’s Tamil Tiger rebels failed to let hundreds of thousands of civilians leave the island’s northeastern war zone before a government deadline, the defence ministry said Sunday.President Mahinda Rajapakse had given until Saturday night for the Liberation Tigers of Tamil Eelam (LTTE) to allow the civilians to move to […]
50,000 in London Tamil protest demanding ceasefire
LONDON, January 31, 2009 (AFP) – More than 50,000 demonstrators marched through London in a Tamil rally on Saturday demanding an end to the fighting in Sri Lanka.“More than 50,000 were at the demonstration,” a spokesman for London’s Metropolitan Police said. “There has been one arrest for possession of an offensive weapon.” The spokesman said […]