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” Pakistan cricket film hits cinemas
KARACHI, August 23, 2013 (AFP) – A Pakistani film about a boy emulating the fairytale career of cricket star Shahid Afridi hit cinemas Friday despite objections from the player over “obscene” scenes he fears could damage his image. The $1 million Pakistan-made movie “Main Houn Afridi” (“I am Afridi”) tells the story of a young […]
UN rights chief in Sri Lanka on fact finding mission
August 25, 2013 (AFP) – The UN’s top rights official begins a fact-finding mission to Sri Lanka on Sunday after the government dropped public hostility towards her and promised access to former war zones.Navi Pillay, who has previously been accused by Colombo of overstepping her mandate, is on a week-long mission that will include talks […]
Bollywood Sri Lanka war film pulled in UK, south India
MUMBAI, August 24, 2013 (AFP) – A Bollywood spy thriller set against the backdrop of the Sri Lankan civil war has been pulled from British and some Indian theatres after protests over its depiction of rebel fighters, the movie’s distributors said Saturday. The bloody conflict in Sri Lanka, which cost up to 100,000 lives, erupted […]
Court Order
COLOMBO, August 23, 2013 (AFP) – A Sri Lankan court Friday lifted a ban on the sale of milk products of New Zealand dairy giant Fonterra which has been under pressure over a global botulism scare. A New Zealand government website says DCD is not toxic and poses no food safety risks but Sri Lanka’s […]
Threatened
COLOMBO, August 24, 2013 (AFP) – Five armed men held a Sri Lankan newspaper editor at knifepoint as they searched her home on Saturday before police burst in and shot one of the intruders dead, officials said.The latest incident came a day ahead of a fact-finding mission to the island by the UN’s human rights […]
Separate
August 23, 2013 (AFP) – Sri Lanka’s president has bowed to international pressure and relinquished the defence ministry’s authority over the police department, an official said Friday. President Mahinda Rajapakse has created a new ministry for law and order, and placed it in charge of the 80,000-strong police which had been overseen by the defence […]
‘s bond road show to begin on Aug 26
Aug 23, 2013 (LBO) – Sri Lanka’s state-run National Savings Bank will kick off a road show from August 26 to sell a dollar bond depending on market conditions, market sources said.Bloomberg newswires said investor meetings will be held in New York, Boston, Los Angeles, London and will wrap up on September 03 in Singapore. […]
”’ by Fitch
Aug 23, 2013 (LBO) – Sri Lanka’s state-run National Savings Bank’s planned dollar denominated bond has been given an expected rating of ‘BB-‘ by Fitch Ratings. “Fitch believes that the issue of the notes by NSB is closely linked with government policy requirements,” the rating agency said. The proceeds are likely to be used to […]
Sri Lanka bourse to boost secondary debt trading
Aug 23, 2013 (LBO) – Sri Lanka’s Colombo Stock Exchange expects to allow primary dealers in gilts and other financial intuitions to deal listed corporate debt after August 29, which will increase secondary trading, officials said.Sellahewa said other financial institutions could also apply to be dealers, but they needed a 100 million rupee capital. CSE […]
Suspended
Aug 23, 2013 (LBO) – Fonterra New Zealand said it had temporarily suspended Sri Lanka consumer operations to protect its workers and assets amid nationalist protests and a court order halting sales and distribution.“Fonterra Sri Lanka is currently subject to a court Enjoining Order which has shut down our ability to sell product, advertise it […]
Cell Talks
Aug 23, 2013 (LBO) – India’s Bharti Airtel is in talks with UAE-based Etisalat to sell its Sri Lanka unit, which is too small to make money in the highly competitive market, a media report said. India’s Economic Times said citing two unnamed sources said Standard Chartered was advising Airtel on the sale and the […]
India rupee slide takes breather, dollar up against yen
TOKYO, August 23, 2013 (AFP) – The dollar’s surge against the Indian rupee took a breather on Friday after hitting record highs for most of the week, although upbeat manufacturing data from around the world helped the greenback against the yen. — Dow Jones Newswires contributed to this article — However, traders remain on edge […]