Category:
US Lesson
September 27, 2009 (AFP) – The Sri Lankan government said on Sunday it would study the United States’ treatment of suspected Islamic militants to learn how to deal with thousands of alleged former Tamil Tiger rebels. Sri Lanka’s attorney general Mohan Peiris was set to arrive in Washington on Monday for talks with his US […]
Uneasy Ryder sets up vital New Zealand victory
JOHANNESBURG, September 27, 2009 (AFP) – Brave opener Jesse Ryder struck 74 runs to set up New Zealand for a 38-run win over Sri Lanka at the Wanderers Sunday that kept alive hopes of an ICC Champions Trophy semi-finals place.Ryder had to use a runner as he battled a hamstring injury and his 125-run opening […]
Sri Lanka says to resettle displaced Tamils quickly
UNITED NATIONS, September 26, 2009 (AFP) – Sri Lanka’s prime minister vowed anew here Saturday that Colombo would quickly resettle civilians still in state-run camps after being displaced by the government rout of Tamil separatists.He complained that Sri Lankan authorities were not making sufficient progress in implementing a deal reached in May by Colombo and […]
Sri Lanka 2010 budget may be delayed: report
Sept 27, 2009 (LBO) – The Sri Lanka government’s budget for 2010 which is usually presented to parliament in November may be delayed till after elections expected in April, a media report said.Another IMF mission is due in November. It is not clear whether the 2010 structural benchmark for December 31, 2010 will be dropped […]
Air India flights disrupted as pilots protest pay cuts
NEW DELHI, September 26, 2009 (AFP) – State-owned Air India said several flights were disrupted Saturday after some senior pilots reported sick in protest at a decision by the airline to slash productivity bonuses.The protest by the non-unionised executive pilots, classified as airline management, comes as India’s biggest religious festival season of the year gets […]
”s gesture
JOHANNESBURG, September 26, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara has praised his England counterpart Andrew Strauss for recalling his batsman after he was run out during a Champions Trophy match here on Friday. Sri Lankan Angelo Mathews turned England fast bowler Graham Onions to square-leg and completed a first run comfortably but collided […]
Sri Lanka economists debate currency board systems
Sept 26, 2009 (LBO) – The virtues of a currency board system were hotly debated at an annual confab of top economists in Sri Lanka’s capital Colombo, as the island emerged from its latest balance of payments crisis caused by an unstable peg. Sri Lanka was exposed to balance of payments crises after 1950 when […]
Sri Lanka industrial production up 2.2-pct in June
Sept 26, 2009 (LBO) – Sri Lanka’s private sector industrial production rose 2.2 percent in in June 2009, from a year earlier, with food, wood products showing an upturn and apparels bottoming out, official data showed. Rubber goods production was down 3.2 percent. Cement was up 1.6 percent (down 14.1 percent in May) and building […]
IMF raises 2010 global growth forecast to 3 percent
PITTSBURGH, September 26, 2009 (AFP) – The International Monetary Fund foresees a stronger than anticipated recovery from the economic crisis, with global growth approaching three percent in 2010, world leaders said Friday.The IMF had estimated in July a global contraction of 1.4 percent in 2009, followed by sluggish growth of 2.5 percent in 2010, but […]
Sri Lanka money broker in buyout
Sept 25, 2009 (LBO) – A money broking firm controlled by listed Seylan Merchant Bank, a unit of the Ceylinco group, will be sold to an investment vehicle promoted by key officials.A 51 percent stake in SMB Money Brokers (Pvt) Ltd, will be sold to ASIL Holdings, an investment vehicle, the company said in a […]
Sri Lanka shares up slightly
Sept 25, 2009 (LBO) – Sri Lankan stocks ended marginally higher Friday with active trading in shares of Ceylinco group firms, especially Seylan Bank, but corporate and foreign participation was lower, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index rose […]
Asian Focus
LONDON, September 25, 2009 (AFP) – HSBC on Friday said its chief executive Michael Geoghegan would move to Hong Kong from London to be closer to the banking group’s “largest and most important region” of operation.HSBC, founded in Hong Kong and Shanghai in 1865, said it would remain headquartered in London and regulated by Britain, […]