Category:
Sri Lanka troops take more territory from Tigers in Jaffna: military
January 8, 2009 (AFP) – Sri Lankan troops captured more territory from Tamil Tiger rebels in the northern Jaffna peninsula Thursday, a day after the government reimposed a formal ban on the guerrillas, officials said.Troops moved their front lines further south to Pallai, a key Tiger position on the peninsula after heavy fighting, military officials […]
Sri Lankan Airlines woos flyers with American Express deal
Jan 08, 2008 (LBO) – Sri Lankan Airlines said it is trying to attract passengers by offering value added services to cope with the downturn in travel despite lower fuel costs and capacity cuts. Even though airlines have had relief with the drop in oil prices this has been far outstripped with the drop in […]
Sri Lanka editor killing: Opposition calls for international probe, rights bodies say terrifying blow
Jan 08, 2009 (LBO) – Sri Lanka’s main opposition called for an international probe into the killing of a newspaper editor, which rights bodies called a terrifying blow against the freedom of expression and an absolute scandal that should not go unpunished. Lasantha Wickrematunga, editor of the The Sunday Leader, a newspaper which is strongly […]
Sri Lankan newspaper editor shot dead
January 8, 2009 (AFP) – The editor of a Sri Lankan anti-government newspaper was shot dead on Thursday as he drove to work near the capital Colombo, police said, in the second attack on journalists this week. Gunmen on two motorcycles escaped after opening fire on Lasantha Wickrematunga, the editor of the Sunday Leader, police […]
Sri Lankan journalist wounded in shooting
January 8, 2009 (AFP) – The editor of an anti-government Sri Lankan newspaper was shot and badly wounded on Thursday as he drove to work near the capital Colombo, a colleague and a doctor said. Sri Lanka’s President Mahinda Rajapakse has said government troops are close to eliminating the Liberation Tigers of Tamil Eelam (LTTE) […]
Sri Lanka offers govt. securities to expatriate workers
Jan 07, 2009 (LBO) – Sri Lanka has appointed five domestic banks and a primary dealer of government securities as lead managers to sell gilts to expatriate citizens, the Central Bank said in a statement. The six lead managers are Bank of Ceylon, Commercial Bank, National Savings Bank, NatWealth Securities Ltd., People’s Bank and Sampath […]
Sri Lanka foreign reserves at US$2,030mn in November
Jan 07, 2008 (LBO) – Sri Lanka’s foreign reserves fell to 2,030 million US dollars in November 2008, from 2,374 million in October, which was enough to cover 1.7 months of imports, the Central Bank said.The gross reserves before the Asian Clearing Union (ACU) balance was 2,608 million US dollars which was enough to finance […]
Sri Lanka bond rates ease amid flight to quality
Jan 07, 2008 (LBO) – Sri Lankan gilts edged lower amid a flight to quality and excess liquidity in the inter bank market, as well as lower inflation expectations for the current year, dealers said. A bond maturing in April 01, 2012 fell from the auction level of 20.02 percent to 19.80 percent levels and […]
Sri Lanka shares barely changed in thin trade
Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]
Wide Interest
Jan 07, 2008 (LBO) – Five potential investors have expressed interest in Sri Lanka’s Seylan Bank including two foreign buyers, after its controlling Ceylinco group said it would sell its stake, an official said. Pasqual says he expects the Ceylinco group to sell its entire holdings, which will give the new owner control of the […]
Sri Lanka tea output to November 2008 ahead of year before
Jan 07, 2009 (LBO) – Sri Lanka’s tea production up to November last year was almost 300 million kilos, well ahead of the year before, according to statistics released by the Sri Lanka Tea Board. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The increase came mainly […]
Blast on Sri Lanka railway track halts train services
COLOMBO, January 7, 2009 (AFP) – A powerful explosion ripped through a railway track just outside the Sri Lankan capital on Wednesday causing disruption to commuter services, police said. Police said there were no casualties following the blast at Mount Lavinia, but the Colombo-bound track was damaged and train services were suspended pending investigation. “Fortunately […]