Category:
Terror Funds
Dec 02, 2009 (LBO) – The Sri Lankan government has identified some 600 bank accounts with links to the Tamil Tiger separatists and is trying to seize assets held by the Tigers, a spokesman said. Defence spokesman Keheliya Rambukwella said Tiger assets and bank accounts were largely held by Kumaran Pathmanadan alias KP, a top […]
Tele Risk
Dec 02, 2009 (LBO) – Sri Lanka has been rated the telecommunications market with the highest regulatory risk score in the Asia-Pacific region, according to a new survey by Fitch Ratings. It said Fitch’s Regulatory Risk Score provides an indication of how the regulatory environment impacts the ability of an operator to generate free cash […]
Developing countries agree on tariff-cut deal
GENEVA, December 2, 2009 (AFP) – Twenty-two developing and poor countries including emerging giants India and Brazil, on Wednesday agreed on a deal on cutting tariffs on the sidelines of a World Trade Organization meeting. “This is a very important step in south-south cooperation,” said Jorge Taiana, Argentinian Foreign Minister, who chaired the group. Under […]
Six-star Dilshan leaves India chasing leather
MUMBAI, December 2, 2009 (AFP) – Tillakaratne Dilshan smashed his sixth century this year to give Sri Lanka a solid start in the crucial third and final Test against India here on Wednesday.Dilshan made 109 as Sri Lanka, seeking a win to draw the series 1-1, battled a wicket with turn and bounce to pile […]
e Sri Lanka: Promise realized?
Dec 02, 2009 (LBO) – 2009 has been year of celebration for the ICT Agency, the entity created to implement the e Sri Lanka program. The capping event is the big regional conference that has come to town, giving ICTA dignitaries an opportunity to strut their stuff on a larger stage. The declaration of 2009 […]
Sri Lanka must help released war refugees: Amnesty
December 2, 2009 (AFP) – Amnesty International on Wednesday pushed Sri Lanka to grant full freedom to 130,000 Tamil civilians who have been allowed out of camps where they were detained following the island’s ethnic conflict.The government said the camp inmates, who were displaced in the war against the Tamil Tiger rebels, were now free […]
Gold price storms to record above 1,200 dollars
LONDON, December 1, 2009 (AFP) – The price of gold reached above 1,200 dollars an ounce for the first time on Tuesday as a weak US currency pushed up demand for the precious metal viewed as a safe-haven investment, analysts said. Gold struck a record high 1,201.63 dollars an ounce on the London Bullion Market […]
Strangle Hold
Dec 01, 2009 (LBO) – First, we need to understand that debt markets broadly require three enabling factors, the need (or demand) for debt capital, a source (or supply) of debt capital, and the accompanying intermediary infrastructure that is required to put the two together. As far as the private sector corporate debt market is […]
Indian police arrest politician in huge fraud probe
PATNA, November 30, 2009 (AFP) – Indian police Monday arrested a regional politician suspected of embezzling up to 650 million dollars during his five years in ministerial posts in an impoverished eastern state, officials said. Madhu Koda was taken into custody in his constituency of Chaibasa, in the state of Jharkhand, on allegations of possessing […]
‘s camp inmates set free
VAVUNIYA, December 1, 2009 (AFP) – Tens of thousands of Sri Lankan civilians held in state-run camps following the island’s ethnic conflict were allowed to walk free Tuesday, ending their internationally-condemned detention.Men, women and children were given their first opportunity to leave the northern Manik Farm complex since their incarceration over seven months ago. But […]
‘s camp inmates free to leave Tuesday: official
November 30, 2009 (AFP) – Sri Lanka will Tuesday allow thousands of civilians to leave state-run camps where they have been detained since the military’s victory over Tamil Tiger separatist rebels, a senior official said.About 128,000 men, women and children who were displaced during the final stages of the conflict remain in heavily guarded military […]
Sri Lanka DFCC Bank stake sold by Galleon
Nov 30, 2009 (LBO) – Sri Lankan shares ended higher Monday with trading boosted by the sale of shares in DFCC by the Galleon hedge fund of billionaire Raj Rajaratnam, facing insider dealing charges in the US, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]