Category:
Sweeping Raids
GENEVA, January 11, 2011 (AFP) – Swiss police Tuesday raided several properties and arrested ten Tamil Tiger rebels, accusing them of involvement in a criminal group as well as money laundering, the attorney-general’s office said. “To disguise the true origin of the funds, they were invested in companies with connections to the LTTE conducting legal […]
Sri Lanka shares end up 1.1-pct
Jan 11, 2011(LBO) – Sri Lankan stocks closed close up 1.1 percent Tuesday with active retail trading, brokers said. The All Share Price Index closed at 6,992.71, up 1.1 percent (75.86 points) while the Milanka Price Index of more liquid stocks closed at 7,314. 70, up 0.45 percent (32.75 points) according to stock exchange provisional […]
Toyota unveils family of Prius hybrids
DETROIT, January 10, 2011 (AFP) – Toyota unveiled new siblings for its popular Prius hybrid Monday, introducing a brand new midsized wagon, a plug-in, and a compact Prius at the Detroit auto show. The family was launched as Toyota struggles to rebuild its once-stellar reputation after it was rocked by a series of mass recalls […]
Sri Lanka floods worsen, toll hits 12
January 10, 2011 (AFP) – Heavy rains lashed Sri Lanka’s central and eastern regions Monday with the death toll from mudslides rising to 12 and 900,000 people driven out of their flooded homes, officials said. The island’s two main monsoon seasons run from May to September and December to February. Military helicopters were deployed to […]
Sri Lanka cuts policy rates, amid lower deficit
Jan 11, 2010 (LBO) – Sri Lanka’s central bank cut its policy rate at which excess cash is drained from the market 25 basis points to 7.0 percent, while inflation hovered at 6. 9 percent in December. The government has also cut taxes on some foods, the central bank said. Earlier this month the military […]
Sri Lanka stocks close up 0.3-pct
Jan 10, 2011(LBO) – Sri Lanka benchmark index closed 0.36 percent higher Monday with active retail trading, broadbased gains, brokers said. Dialog Axaita shares closed at 11.80, down 0.20 cents with over six million shares done. The All Share Price Index closed at 6,916.63, up 0.36 percent (24.67 points) while the Milanka Price Index of […]
Asset Value
Jan 10, 2011 (LBO) – The Finance Company, is looking to raise 1.6 billion rupees of fresh capital is expecting to return to profits by March 2012 helped by lower interest rates and an improving land market, a senior official said. “Interest rates in Sri Lanka dropped and almost came to a single digit and […]
BPO Thrust
Jan 10, 2010 (LBO) – Sri Lanka Hayleys group said its outsourcing division had hired a top executive from WNS, a New York listed business processing outsourcing group to head the unit which offers accounting and finance services business. Arul Sivagananathan will take over as managing director of the Hayleys BPO unit from this month, […]
Sri Lanka floods kill seven, leave 750,000 homeless
January 9, 2011 (AFP) – At least seven people, including two children, were killed in mudslides in Sri Lanka where more than 750,000 people have been driven out of their homes by floods, officials said Sunday. The island’s two main monsoon seasons run from May to September and December to February. A six-year-old boy and […]
Unsung Aussie lands $900,000 IPL auction bid
BANGALORE, January 9, 2011 (AFP) – Little-known Australian Daniel Christian was the surprise highest earner at the final day of cricket’s Indian Premier League auction on Sunday, bought for $900,000 by the Deccan Chargers. The all-rounder, who had a reserve price of $50,000, has played just three Twenty20 internationals but performed well recently in domestic […]
Rule of Law
January 9, 2011 (AFP) – A media rights group on Sunday marked the second anniversary of the assassination in Sri Lanka of an anti-government editor by calling for a fresh search for his killers. Government soldiers defeated the Tigers in May 2009 after decades of fighting. Reporters Without Borders (RSF) accused the government of blocking […]
Sri Lanka floods kill two, 600,000 homeless
January 9, 2011 (AFP) – Two children were buried alive in mudslides on Sunday in Sri Lanka where more than 600,000 people have been driven out of their homes by floods, officials said. A six-year-old boy and a nine-year-old girl were killed in separate incidents in the district of Badulla. Heavy rains have caused flooding […]