Category:
‘s ruling party in election: report
January 14, 2010 (AFP) – Sri Lanka stopped using heavy weapons against Tamil Tiger rebels to help the re-election bid of neighbouring India’s ruling party, a top official in Colombo said Thursday. Sri Lanka’s 12.5 percent minority Tamil community has close cultural and religious links with India’s Tamil Nadu state, which was once the staging […]
Sri Lanka state trading firm imports Pakistan rice to cool crisis
Jan 14, 2010 (LBO) – A Sri Lankan state trading firm has imported a stock of rice from Pakistan as domestic prices shot up in a market mired in heavy handed state intervention. Shops run of supplies, a situation known as a ‘shortage’ in economic terms, happens only when there are price controls. Without government […]
Sri Lankan shares close 0.94-pct up
Jan 13, 2010 (LBO) – Sri Lankan stocks closed up 0. 9 percent Wednesday reversing two days of losses and heavy buying in diversified Distilleries and another firm which has made a cash call helping turnover top 2.0 billion rupees, brokers said. The All Share Price Index closed at 3,536.71, up 1.20 percent (42.09 points) […]
Handling Record
Dec 13, 2009 (LBO) – Sri Lanka’s privately owned South Asian Gateway Terminals at Colombo port handled a record high volume of containers despite a global economic slump which reduced shipping volumes worldwide, data released by the firm showed. The other is state owned Jaya Container Terminal (JCT), the port’s main transshipment facility, has seen […]
Ship Sale
Jan 13, 2010 (LBO) – Sri Lanka’s Mercantile Shipping Company is selling one of it ships, merchant vessel ‘Safmarine Soyo’, the firm said in a stock exchange filing. The vessels were ordered from Bodewes Ship Yard in the Netherlands by Mercantile Emerald Shipping (Pvt) Ltd, a fully owned subsidiary of Mercantile Shipping Co. The firm […]
Scenes of horror, devastation in Port-au-Prince
PORT-AU-PRINCE, January 13, 2010 (AFP) – In just one terrifying minute the earth convulsed Tuesday in Haiti, flattening buildings and casually tossing chunks of twisted metal and concrete into the air. Thousands fled sobbing in terror and panic onto the streets of the capital Port-au-Prince, seeking to escape the fury of the 7.0 earthquake. But […]
Sri Lanka election violence escalates after killing
January 13, 2010 (AFP) – Sri Lankan police Wednesday broke up clashes between political activists as violence linked to looming presidential polls escalated after gunmen shot dead an opposition party worker. Tear-gas was fired to disperse thousands of party workers in the eastern town of Polonnaruwa, local officials said by telephone. About 3,000 opposition supporters […]
Sri Lanka public service, rule of law undermined by constitution: rights body
Jan 13, 2010 (LBO) – Sri Lanka’s post independence constitutions of 1972 and 1978 and the scrapping of the institution of permanent secretaries has usurped the rule of law and destroyed the impartiality of the public service, a rights body has said. Above the Law Fernando says the 1978 constitution where the president was placed […]
One killed in Sri Lanka poll attack: police
January 12, 2010 (AFP) – Gunmen in Sri Lanka on Tuesday opened fire on a bus carrying supporters of the main opposition presidential candidate, killing one political activist, police said. Several other people were wounded when unidentified attackers sprayed bullets into the vehicle of campaigners backing Sarath Fonseka, who was not in the area at […]
Sri Lanka opposition says better governance will preserve trade concessions
Jan 13, 2010 (LBO) – Sri Lanka’s opposition presidential candidate promised better governance which will lead to a continuation of trade concessions from the European Union and tough new anti corruption laws. Analysts say a currency depreciation would help improve the competitiveness of exporters and also help increase nominal state revenues to help finance a […]
Sri Lanka treasuries yields edge up
Jan 12, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up across maturities at Wednesday’s auction, the government’s debt office said. The 3-month yield was up 07 basis points to 7.84 percent, the 6-month yield was up 05 basis points to 8. 82 percent and the 12-month yield was up 03 basis points to […]
Sri Lankan finance firm sells money broking unit
Jan 12, 2010 (LBO) – Sri Lanka listed Nation Lanka Finance Limited said it had sold its money broking unit, CSF Money Brokering Company, to unlisted Navara Capital for 9.24 million rupees. Nation Lanka Finance had sold 85.71 percent of the money broker, the firm said in a stock exchange filing. The statement said Navara […]