Category:
Protests at UN office in Sri Lanka over war panel
July 6, 2010 (AFP) – Protesters led by a Sri Lankan cabinet minister surrounded the United Nations office in Colombo on Tuesday to protest at a UN panel set up to probe war crimes allegations. Housing Minister Wimal Weerawansa shouted slogans as protesters broke through a police barricade guarding the office, witnesses said. “We will […]
Fuel Losses
July 06, 2010 (LBO) – Sri Lanka’s state-owned oil refiner, Ceylon Petroleum Corporation (CPC), continued to suffer losses in the first half of 2010 an official said. The CPC is also owed billions by state institutions which buy fuel from it do not repay, indirectly financing the budget deficit through bank credit. Petroleum ministry secretary […]
Fuel Failure
July 06, 2010 (LBO) – Sri Lanka’s state-owned oil refiner, Ceylon Petroleum Corporation (CPC), suffered a loss of almost 13 billion rupees in the first six months of this year, a senior official said. Petroleum ministry secretary Titus Jayewardene said the refiner, which has a 50,000 barrels a day refinery at Sapugaskanda, north of Colombo, […]
Shell Talks
July 06, 2010 (LBO) – A high powered Sri Lanka government committee tasked with buying back a controlling stake in a gas firm privatized to Shell, a petroleum firm, will meet Friday to decide on its future moves, a top official said. Shell Gas Lanka is the top liquefied petroleum gas (cooking gas) distributor in […]
Sri Lankan stocks close down 0.77-pct
July 05, 2010 (LBO) – Sri Lankan stocks closed lower Monday as retailers took profit on banking stocks and penny stocks continued to be heavily traded brokers said. The All Share Price Index closed at 4,558.48, down 35.17 points, while the more liquid Milanka index fell 1.35 percent (70.53 points) to close at 5,140.28. Turnover […]
Data Host
July 05, 2010 (LBO) – Sri Lanka’s PC House has got approval from the investment promotion agency to set up a subsidiary with an investment of three million dollars to do internet data centre operations, a statement said. The Board of Investment said IDC and information technology outsourcing were seen as businesses with growth potential. […]
Sri Lanka gets daily Emirates flights to Singapore
July 05, 2010 (LBO) – The Dubai-based Emirates airline has started daily services between Colombo and Singapore from July 01 with the addition of two more frequencies to and from the city state, a statement said. Singapore remains one of the most popular destinations out of Colombo for shopping, leisure and business travel, said Devika […]
‘s trade benefits over human rights
BRUSSELS, July 5, 2010 (AFP) – The European Union decided Monday to withdraw trade concessions in August granted to Sri Lanka after the government failed to make a written commitment to improve its human rights record. Government forces have been accused of a host of rights violations including the indiscriminate killing of thousands of Tamil […]
Indian cricket captain Dhoni to marry late Sunday: reports
NEW DELHI, July 4, 2010 (AFP) – Indian cricket captain Mahendra Singh Dhoni, who is worshipped by millions of sports fans across the country, was to marry his girlfriend on Sunday evening, television news channels reported. India’s next games are on tour in Sri Lanka starting July 18. Dhoni, often described as India’s most eligible […]
Sri Lanka ITES; the problem is people
July 5, 2010 (LBO) – Although Sri Lanka was not known for exports of IT and business processing services, since 2005 this activity has graduated to earn around US$ 250 million of foreign exchange, in addition to giving a place of pride to our IT professionals enabling to establish their names in international markets. This […]
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SYDNEY, July 5, 2010 (AFP) – Human Rights Watch urged Australia’s new prime minister on Monday to lift a controversial freeze on Afghan and Sri Lankan asylum claims and end “refugee-bashing” ahead of elections. The New York-based group said Julia Gillard, who has signalled a tough approach on immigration, should resume processing Afghan and Sri […]
Sri Lanka trade gap widens in April amid economic recovery
July 05, 2010 (LBO) – Sri Lanka’s foreign trade volumes and a trade gap widened in April 2010 amid as an economic recovery with exports growing 24. 2 percent and imports growing 55. 8 percent, official data showed. Exports grew to 543.5 million US dollars with tea growing 61 percent to 93. 7 million US […]