Category:
Opposition says Sri Lanka lied to UN over heavy weapons
January 15, 2010 (AFP) – Sri Lanka’s opposition Friday accused the government of misleading the UN over the use of heavy weapons during the final stages of fighting against Tamil rebels last year. Sri Lanka’s Tamil community, numbering 12.5 percent of the population, has close cultural and religious links with India’s Tamil Nadu state, which […]
Sri Lanka RAM Ratings get new directors
Jan 15, 2010 (LBO) – Sri Lanka’s RAM Ratings unit said two new directors, Preethi Jayawardena and Liza Mohn Noor have been appointed to its board from January 2010. Jayawardena is a Fellow of the Institute of Chartered Accountants of Sri Lanka, is managing director of Chemanex Plc. , a listed firm, a member of […]
Sri Lankan stocks close 0.7-pct up, hotels gain
Jan 15, 2010 (LBO) – Sri Lankan shares closed up Friday as investors chased after mid cap stock, especially hotels sector, while high interest on conglomerate John Keells (JKH) pushed turnover past 1.5 billion rupees, brokers said. The All Share Price Index closed at 3,563.14, up 0.75 percent (26.43 points) while the Milanka index of […]
Under Fire
WASHINGTON (AFP) – Federal Reserve chairman Ben Bernanke said Thursday the US central bank should keep its role as a regulator of the banking system as a way to promote financial market stability. Bernanke added that the Fed “cannot and should not” be responsible for regulating the entire financial system, which including nonbanking firms such […]
Best Practice
Jan 15, 2010 (LBO) – Sri Lanka’s human resource (HR) practitioners will battle for ‘HRM Awards 2010’ which acknowledges and rewards best practices in the profession, to be held in May, an official said. HRM Awards is organized by the Association of Human Resource Professionals (HRP), Sri Lanka and will be held for the fourth […]
Cyber Attack
WASHINGTON, January 15, 2010 (AFP) – Microsoft said Thursday that a security vulnerability in its Internet Explorer browser was used in cyberattacks which prompted Google to threaten to shut down its operations in China. Reavey stressed that Microsoft “has not seen widespread customer impact, rather only targeted and limited attacks exploiting (Internet Explorer 6).” Changing […]
No Sale
Jan 15, 2010 (LBO) – Hutchison Telecom International’s Sri Lanka unit will stay with the group, with new investments planned to increase coverage, while the parent is being de-listed from the Hong Kong stock exchange, an official said. Sri Lanka’s mobile market is shared between Dialog Telekom, a unit of Malaysia’s Axiata, Mobitel a unit […]
Sri Lanka power generation, diesel sales up in October
Jan 15, 2010 (LBO) – Sri Lanka’s power generation rose 3.9 percent in August 2009 to 856 GigaWatt hours from a year earlier, with hydro power increasing its share, and diesel sales were also up the latest official data showed. Sri Lanka’s power generation contracted in the first half of the year in line with […]
Sri Lanka presidential hopeful to play policy referee
Jan 15, 2010 (LBO) – Sri Lanka’s opposition presidential hopeful retired general Sarath Fonseka has said he may have to play referee between pro free market United National Party and Marxist Janatha Vimukthi Peramuna. JVP is credited with key initiatives of the post-2004 economic program which proposed expanding state employment, subsidizing fuel and pushing state […]
Sri Lanka to pay extra interest to senior citizens
Jan 15, 2010 (LBO) – Sri Lanka’s government will pay an extra 20 percent ‘bonus interest’ for rupee deposits maintained at licensed commercial banks by senior citizens, the Central Bank said. The extra interest will be 20 percent of the interest earned after January 01, subject to a limit of 120,000 per person per year. […]
Sri Lanka flights filling up: Etihad Airways
Jan 14, 2009 (LBO) – Abu Dhabi based Etihad Airways is seeing growth in traffic after it resumed services to Colombo with tourist arrivals also expected to pick after a 30-year war ended in the island, officials said. The airline is also banking on an upturn in tourist traffic after a 30-year war ended last […]
Sri Lanka wins tri-series beating India
DHAKA, January 13, 2010 (AFP) – Mahela Jayawardene and Kumar Sangakkara hit impressive half-centuries to guide Sri Lanka to a four-wicket win over India in the triangular one-day series final here on Wednesday. Jayawardene top-scored with an unbeaten 71 and skipper Sangakkara made a brisk 55 as Sri Lanka passed India’s 245 with nine balls […]