Category:
Sri Lanka share rally interrupted by profit-taking
Apr 27, 2010 (LBO) – Sri Lankan stocks eased Tuesday, interrupting a near unbroken month-long rally, dragged down by a fall in banking stocks while the price of a plantations company with rubber shot up, brokers said. “Malwatte Valley Plantations rose significantly today given its close to 30 percent exposure to rubber,” said Tissera. Rubber […]
Box Business
Apr 27, 2010 (LBO) – Colombo port container volumes rose 27 percent in the first quarter of 2010 from last year and also exceeded throughput in the same 2008 period before recession hit global trade, the Sri Lanka Ports Authority said. “I firmly believe that our service is the major order qualifying and the order […]
Arrested
THE HAGUE, April 26, 2010 (AFP) – Police arrested seven men in the Netherlands on Monday who are suspected of raising funds for Sri Lankan separatist group the Tamil Tigers, a statement said. “They are suspected of raising funds for the LTTE (Liberation Tigers of Tamil Eelam) through collections, fundraisers, the sale of DVDs and […]
Detention
KUALA LUMPUR, April 26, 2010 (AFP) – Malaysian police Monday said they have detained 75 Sri Lankan migrants who refused to get off a fishing trawler, after three days of talks to persuade them to leave the vessel broke down. The trawler was intercepted off northern Perak state on Friday but the group, including six […]
Switching Calls
Apr 27, 2010 (LBO) – Sri Lanka’s Telecommunications Regulatory Commission (TRC) has called for consultancy services to suggest ways to introduce mobile phone number portability that will allow subscribers to switch networks while using the same number. The assignment will require a “detailed consultation process”, taking in the views of stake holders when formulating the […]
Robotic subs race to cap leaking US oil well
NEW ORLEANS, April 27, 2010 (AFP) – Robotic underwater vessels raced Monday to stave off an environmental disaster by stopping 42,000 gallons of oil a day from streaming into the Gulf of Mexico from a sunken rig. A slick measuring 48 miles (77 kilometers) by 39 miles at its widest points has developed 30 miles […]
Tiny Himalayan kingdom tackles South Asian summit
THIMPHU, April 27, 2010 (AFP) – A visit by a top foreign dignitary is still a big event for the tiny Himalayan kingdom of Bhutan. The combined presence of seven foreign heads of government is simply unheard of. Like a shy debutante taking her first steps in high society, the landlocked and still relatively reclusive […]
Sri Lankan refugee camps emptying: UNHCR
GENEVA, April 27, 2010 (AFP) – More than 200,000 of some 280,000 mainly Tamil people displaced after the civil war in northern Sri Lanka have left their camps since last August, the UN refugee agency said Tuesday. A spokesman for the UN High Commissioner for Refugees said the government allowed returns to resume last week […]
Sri Lanka public investments increasing: Treasury chief
Apr 26, 2010 (LBO) – Sri Lanka’s public investments are on the rise as government builds new infrastructure for a post-war revival, laying the foundation for more private investment, Treasury secretary P B Jayasundera said. “Now we have around 25 percent of total investment. ” In 2009 the government invested the equivalent of 6.7 percent […]
” education crisis worsens: report
Apr 26, 2010 (LBO) – A crisis in Sri Lanka’s state-run ‘free’ education system funded by people’s taxes has worsened with 47 percent of students failing a key junior high school test leaving them stranded with no prospects, a report said. At Sri Lanka’s general certificate of education – ordinary level, equal to a junior […]
Sri Lanka rubber plantations shares in demand
Apr 26, 2010 (LBO) – Sri Lankan stocks edged higher Monday as investors bought selected blue chips and midcap stocks, as well as rubber plantation shares seen as doing well with the rise in rubber prices, brokers said. The All Share Price Index closed at 4,136. 05, up 0.35 percent (14.41 points) while the more […]
Competition
Apr 26, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit lost mobile phone subscribers in 2009 amid intense competition in the market, according to the group’s annual report released to the Hong Kong stock exchange. The number of mobile phone subscribers of Hutchison Telecom Lanka shrank by 12 percent to 779,000 although it continued […]