Category:
Bunker Race
Mar 01, 2008 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation plans to tie up with global ship supply firm GAC Ships to supply bunkers or ship fuel, officials said. The move is expected to bring down bunker prices in Colombo port, now among the highest in the world, as well as improve availability. The […]
Lease Savings
Mar 01, 2008 (LBO) – Seylan Merchant Leasing, a unit of Sri Lanka’s Ceylinco group said it has raised 1.3 billion rupees in deposits after it was licensed as a finance company by regulators last year, the company said. It has a service which allows clients to view lease transaction details and payment history on […]
Pottu Test
Mar 01, 2008 (LBO) – A Sri Lankan Supreme Court judge said society discriminates against its members despite pledging allegiance to a human rights charter, and called for equal treatment for marginalized sections. “If you take a simple issue of race, it is the duty of the majority of the Sinhalese to reach out to […]
Sri Lanka says another 45 Tigers killed as blast toll climbs
March 1, 2008 (AFP) – A police officer wounded in a suicide bombing died in hospital Saturday, a hospital spokesman said as Sri Lanka’s defence ministry claimed security forces had killed 45 rebels in fresh fighting.The policeman died of his injuries a day after being caught in a huge blast detonated by a suspected Tamil […]
Sri Lanka mediaman threatened by gangsters; errant minister runs free: rights body
Mar 01, 2008 (LBO) – Another mediaman who filmed a confrontation between state TV workers and a minister who stormed the station’s newsroom has been threatened by gangsters, a media rights body said. Assistant camera news director Priyal Ranjith Perera had been threatened by a four-member gang who came to his residence and appeared to […]
Sri Lanka stocks close lower; Sampath Bank trades boost turnover
Feb 29, 2008 (LBO) – Sri Lanka’s shares closed lower on Friday with index heavy Dialog Telekom and John Keells Holdings losing ground, dealers said.The All Share Index closed 0.36 percent 9.08 points) lower at 2,530.86 while the Milanka index shed 0.36 percent (11.56 points) to close at 3,172.21. The weekly average turnover was 648.5 […]
New Journey
Feb 29, 2008 (LBO) – Sri Lanka will call fresh bids for a planned new container terminal in Colombo and is going ahead with a contract to build its breakwater, a senior port official said. The other major port operator which did not bid was Dubai Ports World, which is making huge investments in ports […]
Pyramid Schemes
Feb 29, 2008 (LBO) – The Central Bank Friday warned that new ‘pyramid schemes’ that have been banned are making an appearance in different parts of the country. Those taking part in such schemes are in danger of losing their money and are also committing an offence under the banking law, it said in a […]
Steady Course
Feb 28, 2008 (LBO) – Sri Lanka’s NDB Bank profits grew 17 percent in the December quarter, and full year 2007 profits were also up, when a one-off capital gain in the previous year was discounted, the company said. Group revenues were up 23 percent to 10 billion rupees in the 12-months to December 2007, […]
Banking Trend
Feb 29, 2008 (LBO) – Sri Lanka’s Seylan Bank group full year profits grew four percent to 911 million but December quarter profits dipped amid lower loan growth, results released to the Colombo Stock Exchange showed. Fourth quarter net profit was down 58 percent to 89 million rupees compared with the same period last year. […]
Bad Show
Feb 29, 2008 (LBO) – The Sri Lanka unit of Transparency International has strongly criticised President Mahinda Rajapakse for removing a senior official of the government’s anti-corruption organisation. The anti-corruption watchdog said in a statement the move smacks of political interference in the workings of the Commission to Investigate Allegations of Bribery or Corruption. “The […]
Dispute Resolution
Feb 29, 2008 (LBO) – Sri Lanka’s state sector should have alternative ways to solve problems without striking and hurting the public who are paying their salaries, a minister said at the launch of a new dispute resolution process. The private sector in Sri Lanka already have dispute resolution mechanisms through social dialogue, arbitration and […]