Category:
Ship Link
VANCOUVER, November 3, 2009 (AFP) – Several of a group of 76 Sri Lankan asylum seekers picked up off the Canadian coast last month have ties to the Tamil Tiger rebels and could pose a security risk, officials said Tuesday.The Canadian government told an immigration hearing that the “Ocean Lady” freighter used to transport the […]
Sri Lanka military chief skips US war crimes quiz: MP
November 4, 2009 (AFP) – Sri Lanka’s military commander left the United States ahead of possible questioning over alleged war crimes committed during the defeat of the island’s Tamil rebels, a legislator said Wednesday.General Sarath Fonseka headed back to Sri Lanka without facing questioning by the Department of Homeland Security later in the day, Samantha […]
Sri Lanka HNB Assurance Sept profit down 09-pct
Nov 04, 2009 (LBO) – Sri Lanka’s HNB Assurance said net profit for the September quarter fell nine percent to 21.4 million rupees from a year ago, despite a sharp rise in investment income. Gross written premium rose 24 percent to 640 million rupees according to interim results announced by the firm to the Colombo […]
Fed Printing
NEW YORK, November 3, 2009 (AFP) – Oil prices leapt Tuesday as commodities gained a boost from gold, which struck an all-time high above 1,000 dollars an ounce as markets fret about the prospects of global recovery from recession.New York’s main contract, light sweet crude for delivery in December, rose 1.47 dollars to close at […]
Sri Lanka fiscal discipline key to economic growth: report
Nov 04, 2009 (LBO) – Fiscal discipline by Sri Lanka’s government will be critical to ensure economic recovery and sustained, high growth anticipated with the end of the ethnic war, RAM Ratings agency said. “Sri Lanka is now well poised to achieve high sustainable growth, as the end of the armed conflict provides the government […]
Sri Lanka starts dollar swaps to absorb rupee liquidity
Nov 03, 2009 (LBO) – Sri Lanka’s central bank has started auctions of dollar-rupee swaps to withdraw excess domestic currency liquidity in the market and develop a new instrument to intervene in the market, an official said.Foreign reserves which fell to around a billion US dollars in March are now close to five billion US […]
Sri Lanka stocks fall despite rate cuts
Nov 03, 2009 (LBO) – Sri Lankan stocks ended weaker Tuesday despite last week’s interest rate cuts and better company earnings with brokers saying investors remained wary because of external factors and political uncertainty. “Investors are adopting a wait-and-see attitude. At any other time earnings increases would have pushed up the market but that also […]
Building Skills
Nov 03, 2009 (LBO) – Colombo Dockyard, a Sri Lankan shipbuilder, said it was eying more work for its heavy engineering division in the island as well as the south Asian region. The company said in a statement its subsidiary, Dockyard General Engineering Services (DGES), had changed its logo as it seeks to emerge as […]
Top Brands
Nov 03, 2009 (LBO) – Sri Lanka’s Munchee biscuit brand won top place as brand of the year, while Panadol, a paracetamol product, bagged the gold for the international brand at the eighth annual Sri Lanka Institute of Marketing (SLIM) brand awards. Unlike awards which recognizes creativity, SLIM brand award organizers say they judge the […]
Singaporean faces US trial over Tamil Tigers arms case
SINGAPORE, November 3, 2009 (AFP) – A Singaporean opposition party member will be extradited to the United States and tried for allegedly trying to supply arms to Sri Lanka’s defeated Tamil Tiger rebels, officials here said Tuesday.Businessman Balldev Naidu, 47, is facing six charges including conspiracy to provide material support to a foreign terrorist organisation […]
US tightlipped on Sri Lanka army chief
WASHINGTON, November 2, 2009 (AFP) – The United States was tightlipped Monday about Sri Lanka’s visiting top military commander, after the island said US authorities planned to grill him over alleged war crimes.Sri Lanka summoned the US ambassador to demand the Department of Homeland Security drop with what the island’s government said were plans to […]
‘s opposition unites to face snap polls
November 3, 2009 (AFP) – Sri Lanka’s main opposition on Tuesday formed an alliance with minority Tamil and Muslim parties and a breakaway faction of the ruling coalition to contest possible snap elections.The next presidential poll, which was due by November 2011, will now be held before April 2010, according to the government. Opposition leader […]