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UNITED NATIONS, September 24, 2011 (AFP) – Sri Lanka’s president on Friday condemned “tainted” international allegations of a military massacre of civilians during an assault to end a Tamil rebellion. Tamil community members earlier this year filed a lawsuit against Rajapakse when he paid a private visit to the United States. The Sri Lankan government […]
Sri Lanka bond yields edge up
Sept 23, 2011 (LBO) – Sri Lanka’s bond yields edged up over the week with liquidity in interbank markets tightening, and the yield on a 2016 bond fell back after breaching 9. 0 percent, dealers said. Partially expired bonds were slightly higher. Dealers say there is usually an arbitraged gap between bills and partially expired […]
Sri Lanka stocks end down 0.4-pct
Sept 23, 2011 (LBO) – Sri Lankan stocks slumped again Friday closing lower for the fourth straight day with turnover also falling amid continued trade in stocks that have drawn speculators, brokers said. The main All Share Price Index fell 0. 41 percent (27.78 points) to 6,734.60, while the more liquid Milanka index fell 1.37 […]
Wheel Trend
Sept 23, 2011 (LBO) – Registrations of new vehicles in Sri Lanka dropped in July 2011 to 43,725 from a high of 48,157 a month earlier, while 12-month growth slowed to 30. 8 percent from a 55.8 percent in June, official data showed. In July, new car registrations fell to 4,338 from 5,069 a month […]
Upgraded
Sept 23, 2011 (LBO) – Sri Lanka’s Seylan Bank was upgraded by one notch to ‘A-(lka) from ‘BBB+(lka) with a stable outlook on state support, improved credit profile and capital injections, Fitch, a rating agency said. By June 2011, the state had a 30 percent effective control of the lender’s voting stock. By the first […]
Sri Lanka tribal recipes to entice tourists
Sept 23, 2011 (LBO) – A well-known Sri Lankan chef is to offer food made according to exotic recipes of the island’s indigenous ‘veddah’ community to entice tourists during forthcoming celebrations to mark World Tourism Day. Sri Lanka is experiencing a boom in tourist arrivals after the end of the island’s 30-year ethnic war in […]
Terror Funding
Sept 23, 2011 (LBO) – Sri Lanka’s parliament has passed changes to laws against money laundering and terrorist financing, broadening their scope and enabling police to freeze funds. The amendments make the island’s anti-money laundering and Countering Financing of Terrorism (AML/CFT) laws “fully compliant with the international standards,” a statement from the central bank’s financial […]
Court Martial
JOINT BASE LEWIS-MCCHORD, September 23, 2011 (AFP) – A third member of an alleged rogue US army unit in Afghanistan pleaded guilty Thursday in a plea deal over shock killings of local civilians that embarrassed the US army. Private First Class Andrew Holmes was accused of being a member of a five-person “kill team” implicated […]
” to Afghanistan: US
WASHINGTON, September 23, 2011 (AFP) – The US military’s top officer bluntly accused Pakistan on Thursday of “exporting” violent extremism to Afghanistan through proxies and warned of possible action to protect American troops. In a scathing and unprecedented condemnation of Pakistan, Admiral Mike Mullen said the country’s main intelligence agency ISI was actively supporting Haqqani […]
Sri Lanka, India navies in anti-piracy drill
Sept 23, 2011 (LBO) – Sri Lankan and Indian navies ended a joint exercise off the island’s east coast Friday that included anti-piracy and interdiction operations, key concerns of both nations in protecting maritime commerce and coastlines. The High Commission of India said the ‘SLINEX 2011’ a joint exercise was held off the eastern port […]
Sri Lanka must seek balance between East and West: economist
Sept 23, 2011 (LBO) – Sri Lanka must improve trade ties with emerging Asian growth centres but not write-off the United States and Europe just because they are in a weak phase, an economist said. “We need to find ways for Sri Lanka to productively piggy-back on India’s growth and seek closer economic integration with […]
Sri Lanka stocks extend losses, rupee weaker
Sept 22, 2011 (LBO) – Sri Lanka stocks closed 0.4 percent lower, while the rupee ended at 110.30/35 to the US dollar after an intervention rate was dropped 10 cents, brokers and dealers said. Dialog Axiata closed flat at 8.50 and Sri Lanka Telecom closed at 48.00 In forex markets the rupee closed at 110.29/30 […]