Category:
Sri Lanka roads closed to keep economy stable
Sep 06, 2009 (LBO) – Some of Sri Lanka’s roads will remain closed despite the end of a 30-year civil war to prevent a post-Soviet style collapse of the economy, the island’s prime minister told Thai investors. “It is true the ongoing battle is over but we are still unearthing and finding various things that […]
Sri Lanka imports machines to clear mines
September 5, 2009 (AFP) – Sri Lanka has imported equipment to speed up mine clearing in the former war zone in the island’s north, the defence ministry said Saturday. The mine-clearing machines imported from Slovakia would be used to accelerate resettlement of people driven out of the area during the height of fighting, the ministry […]
Sri Lanka strengthens navy to deter overseas threats
Sept 05, 2009 (LBO) – Sri Lanka’s navy commissioned 90 officers and an offshore patrol vessel last weekend as it continues to expand, having defeated the powerful Tamil Tiger naval wing.Senior defence officials said the navy’s future focus will be on protecting the island’s ocean resources and patrolling the surrounding seas to ensure terrorism, which […]
New Zealand embarrass Sri Lanka again in T20
September 4, 2009 (AFP) – Daniel Vettori’s New Zealand recorded their second Twenty20 success over Sri Lanka in three days with a 22-run victory on Friday that helped them sweep the two-match series. Bond removed the in-form Tillakaratne Dilshan with his fifth ball, caught at deep square leg, before Kyle Mills dismissed Mahela Udawatte and […]
Sri Lanka sovereign bond gets seven bids for lead manager slot
Sept 04, 2009 (LBO) – Seven investment banks have submitted proposals to sell a 500 million US dollar sovereign bond for Sri Lanka in October, the government’s debt office said.The debt office which is a unit of the Central Bank said a committee made up of finance ministry and central; bank officials was now evaluating […]
New Managers
Sept 04, 2009 (LBO) – Sri Lanka’s Asian Finance Ltd, and Ceylinco Investment and Realty Ltd, two firms of the troubled Ceylinco group will be put under a new managing agent, the Central Bank said. MBSL has been asked to “restore their normal business operations to strengthen the viability of the companies,” by the regulator. […]
Indian Interest
Sept 04, 2009 (LBO) – India’s state-run Bharat Sanchar Nigam Ltd (BSNL) is planning to buy Luxembourg-based Millicom International Cellular’s Sri Lanka operations, a media report said.The management committee of BSNL on Wednesday approved a proposal to bid for thee firm, India’s Hindustan Times newspaper said. Millicom International is selling its operations in Sri Lanka, […]
Sri Lankan child soldiers get jobs in Malaysia: govt
September 3, 2009 (AFP) – A group of former child soldiers from Sri Lanka’s Tamil Tiger rebels have won jobs on construction sites in Malaysia after undergoing re-training, the government here said Thursday.The seven men were among hundreds of former child soldiers who surrendered in the months before government troops finally defeated the Tigers in […]
Sri Lanka ex-combatant rehabilitation gets UK backing
Sept 04, 2009 (LBO) – The United Kingdom is giving 17 million rupees to support the rehabilitation of ex-combatants in Sri Lanka conflict by the island’s ministry of justic, the International Organization of Migration (IOM) said.Justice minister Milinda Moragoda has welcomed the support given for the rehabilitation efforts led by his ministry and Sri Lanka’s […]
UN chief, minister discuss plight of displaced Sri Lankans
UNITED NATIONS, September 3, 2009 (AFP) – UN chief Ban Ki-moon met with a Sri Lankan minister in Geneva Thursday to discuss the plight of civilians displaced by the government defeat of the Tamil separatist insurgency earlier this year, his press office said. But she added that UN officials could not confirm its authenticity. The […]
EU joins criticism of jailing of Sri Lanka journalist
BRUSSELS, September 3, 2009 (AFP) – The European Union joined Thursday the international outcry over the sentencing to 20 years in jail of a journalist in Sri Lanka for his alleged links to Tamil Tiger rebels.The foreign ministry in Colombo has rejected international criticism of the verdict, which has also come from the United States […]
Sri Lanka bond yields fall
Sept 03, 2009 (LBO) – Sri Lanka bond yield have fallen around 30 t0 40 basis points over the past week with high trading volumes and expectations of purchases by foreign buyers, dealers said.A 6-year bond maturing on 15.03.2015 which was quoted around 12.55/57 percent Tuesday from around 12.83/85 a week earlier. A 4-yar bond […]