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Sri Lanka frees 1,800 ex-Tamil Tigers
September 30, 2011 (AFP) – Sri Lanka wrapped up its two-year rehabilitation of surrendered Tamil Tiger rebels with the re-uniting Friday of 1,800 men and women with their families. President Mahinda Rajapakse addressed the last of the 12,000 former members of the separatist Liberation Tigers of Tamil Eelam (LTTE) to pass through the programme at […]
Sri Lanka military gets two Chinese passenger transports
Oct 01, 2011 (LBO) – Sri Lanka Air Force Friday took delivery of two 56 seat twin engine turboprop aircraft from China which could be used for regional civillian passenger applications, an official said. “We haven’t got that far but we are looking at the possibility,” Air Force spokesman Group Captain Andrew Wijesuriya said. The […]
Sri Lanka business forum to be addressed by Vietnam President
Oct 01, 2011 (LBO) – Visiting Vietnam President Truong Tan Sang will address a business forum in Sri Lanka’s capital Colombo, where a high level delegation of Vietnamese businessmen will also be taking part, the island’s largest trade chamber said. “They are also interested in tourism projects such as eco-tourism, spiritual tourism, inbound and outbound […]
Sri Lanka bonds unmoved by lower inflation
Sept 30, 2011 (LBO) – Sri Lanka’s bond markets closed unchanged despite 12-month inflation falling to 6.4 percent from 7.0 percent a month earlier, as liquidity tightened amid defence of a dollar peg, dealers said. A widely traded bond maturing in 2015 was quoted at 8.69/72 percent Friday and 2016s were quoted at 8.80/84 percent, […]
Maldives and Sri Lanka police bust bank card fraud: report
Sept 30, 2011 (LBO) – Police in Maldives and Sri Lanka have arrested five in an international fraud involving forged cash and credit cards related banks in New Zealand, Canada, Australia, China and France, a media report said. Minivan News, a Maldives based online news service quoting police inspector Mohamed Riyaz said two Maldivian nationals […]
Sri Lanka stocks end up 0.5-pct
Sept 30, 2011 (LBO) – Sri Lankan stocks closed firmer Friday for the second day running in speculative trade and price curbs being imposed on Singer Industries (Ceylon) after it rose sharply, brokers said. There was a sole crossing or off-market private deal of 800,000 shares of Lanka Orix Leasing Company at 99 rupees each. […]
Bank Changes
Sept 30, 2011 (LBO) – Sri Lanka’s Sampath Bank said deputy managing director M Y A Perera will take-over as managing director from January 01, 2012, as current managing director Harris Premaratne is leaving. Sri Lanka’s Daily FT newspaper said Premaratne will take over as the head of a new bank started by Sri Lanka’s […]
Sri Lanka launches web portal for tourist travel approvals
Sept 30, 2011 (LBO) – Sri Lanka’s electronic tourist travel approval system will be effective from January 01, 2012 with a trial run starting from Saturday, October 01, officials said. An online portal – www.eta.gov.lk – from which to apply for entry permits from Sri Lanka’s department of immigration and emigration was officially launched Friday. […]
Sri Lanka tea estates still making heavy losses
Sept 30, 2011 (LBO) – Tea estates in Sri Lanka’s central hills have had no respite from a market downturn and continue to incur losses of 150 rupees a kilo owing to lower prices and crops, a broker said. However, despite lower crops in recent months, an anticipated recovery in production in the last quarter […]
Celluloid Shoot
September 30, 2011 (AFP) – Once a location of choice for directors shooting World War II classics and big 1980s adventure films, Sri Lanka is hoping to make a comeback on the movie trail as it emerges from civil war. Since the island’s bloody conflict ended in May 2009, the government has been trying to […]
Zany scientists honored in alternative Nobels
NEW YORK, September 29, 2011 (AFP) – In the ultimate accolade for the world’s mad scientists, spoof Nobel prizes were awarded Thursday for studies into beetle sex, yawning, the desperation of people dying to urinate, and other daffy investigations. The annual Ig Nobel prizes, now in their 21st year, were given out at Harvard University […]
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NEW DELHI, September 30, 2011 (AFP) – India’s workaholic Prime Minister Manmohan Singh has not taken a holiday since he took the top job in 2004, according to a new in-depth profile published this week. The 12,000-word study in current affairs journal The Caravan of 79-year-old Singh, under fire for a series of debilitating scandals […]