Category:
Protection Deal
Nov 05, 2009 (LBO) – Sri Lanka and Kuwait has signed an Investment Promotion & Protection Agreement (IPPA) Thursday between the island’s envoy to the country and a senior finance ministry official of the Gulf state, the foreign ministry said. Sri Lanka’s foreign ministry quoted the undersecretary to the Kuwaiti ministry of finance Khalifa M […]
Sri Lanka president announces wage hike for troops
November 5, 2009 (AFP) – Sri Lanka’s president has announced an immediate salary increase for all members of the country’s armed forces amid plans to boost the strength of the security services.President Mahinda Rajapakse granted the unspecified salary increase during a visit Wednesday to the island’s northern regions, which were recently wrested from Tamil rebel […]
Sri Lanka John Keells agents for Air Mauritius
Nov 05, 2009 (LBO) – Mack Air (Pvt) Ltd, a unit of listed John Keells Holdings (JKH) said had been appointed the general sales agent for Air Mauritius in Sri Lanka from November 01. Romesh David who heads the transportation division of JKH said it will work with the airline to develop traffic between the […]
Sri Lankan general returns without war crimes grilling
November 5, 2009 (AFP) – Sri Lanka’s top military officer returned home Thursday after he was allowed to complete a US visit without being questioned over alleged war crimes against Tamil civilians.General Sarath Fonseka arrived at Bandaranaike International Airport and was immediately driven away under tight security, an airport official said. “He arrived this morning […]
Maldives to build wind power plant to become carbon neutral
Nov 05, 2009 (LBO) – The state power utility of the Indian Ocean atoll state of Maldives has signed a 20-year deal with Falcon Energy, a private firm to build and operate a 75MegaWatt wind farm as part of a plan to become a carbon neutral nation. The wind farm built a cost of 200 […]
US House of representatives pressures Sri Lanka on refugee camps
WASHINGTON, November 4, 2009 (AFP) – The US House of Representatives urged Sri Lanka’s government Wednesday to guarantee the safety and quick release of some 300,000 Tamils and other war-displaced people currently held in camps.By an overwhelming 421-1 vote, lawmakers approved a non-binding resolution that calls on the authorities in Colombo to help the populations […]
Sri Lanka Treasuries yields fall
Nov 04, 2009 (LBO) – Sri Lanka’s Treasury bill yields fell across the board with the 3-month yield falling 36 basis points to 8.14 percent, at Wednesday’s auction just above the 8.00 repo rate at which the monetary authority drains liquidity from markets. The Central Bank’s reverse repo rate at which cash in injected to […]
Sri Lanka stocks slump further
Nov 04, 2009 (LBO) – Sri Lankan share prices slumped again almost across the board Wednesday as nervous investors sold apparently in anticipation of further falls, brokers and analysts said.The All Share Price Index closed at 2,902.70, down 2.07 percent, or 61.49 points while the Milanka Price Index of more liquid stocks closed at 3,242.06, […]
Sea Perils
SYDNEY, November 4, 2009 (AFP) – Australia called off an air and sea search for survivors on Wednesday after a boat carrying unidentified Sri Lankans sank in remote seas far off its northwest, killing 12.Home Minister Brendan O’Connor said there was no hope of finding anyone else alive after the boat carrying 39 went down […]
Higher Margins
Nov 04, 2009 (LBO) – Sri Lanka’s DFCC Bank has reported group net profits up 73 percent to 823 million rupees for the September 2009 quarter, from a year earlier as higher incomes from government securities boosted margins.Total group revenues rose 9.5 percent to 3.6 billion rupees, interim accounts filed with the Colombo Stock Exchange […]
Sri Lanka wage hike sends listed estate into the red
Nov 04, 2009 (LBO) – Sri lanka’s Kelani Valley Plantations (KVPL) said a wage hike wrested by estate labour unions has sent it into the red in the September 2009 quarter. The company, which has been recovering from a severe drought earlier in the year, said that it made a loss of 217 million rupees […]
Protest
Nov 04, 2009 (LBO) – A group of graduates were water cannoned at tear gassed by police when they tried to march up to office of Sri Lanka’s president Mahinda Rajapaksa Wednesday as part of a protest demanding state jobs.Sri Lanka’s graduates educated at tax payer expense free in state universities have spread a successful […]