Category:
UN did not underestimate Sri Lanka death toll: Ban
UNITED NATIONS, June 1, 2009 (AFP) – UN chief Ban Ki-moon on Monday categorically rejected allegations the world body had deliberately underestimated the death toll in the ethnic conflict in Sri Lanka.“I categorically reject — repeat categorically — any suggestion that the United Nations has deliberately underestimated any figures,” he told the UN General Assembly. […]
Sri Lankan media rights activist recovers after attack
June 2, 2009 (AFP) – A Sri Lankan journalist was recovering in hospital Tuesday after being beaten up near the capital Colombo as a rights group expressed renewed concern for the safety of the island’s media. Poddala Jayantha, secretary of the Sri Lanka Working Journalists’ Association, was abducted near his home and severely attacked with […]
” inflation 15.8-pct
June 02, 2009 (LBO) – A controversial core inflation index of selected items in Sri Lanka was at 13.5 percent in May 2009, the central bank said, while the country’s headline index rose 3.3 percent, from 2.9 percent. Core inflation is claimed by central banks to better reflect their monetary policy actions, and drops food […]
Sri Lanka g-secs see foreign interest trickling in
June 01, 2009 (LBO) – Sri Lanka’s government securities market has seen a trickle of foreign investment as the country is slowly emerged from a balance of payments crisis, official data showed. The central bank said the volume of Treasury bonds held by foreign investors increased by about 1,500 million rupees (about 10 million US […]
Sri Lanka shares weaken
June 01, 2009 (LBO) – Sri Lankan shares ended weaker Monday as investors took profits after last week’s sharp rise on euphoria that followed a military victory over the Tamil Tigers, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index fell […]
Savvy Credit
June 01, 2009 (LBO) – Sri Lanka’s DFCC Vardhana Bank said it had launched a credit card targeting high-end customers and to improve access despite difficult market conditions owing to lower consumer spending and high taxes.“We’re now moving towards a cashless society and the bank has started by introducing credit cards,” DFCC group chairman Rajan […]
Key Decisions
June 01, 2009 (LBO) – Sri Lanka’s Supreme Court has appointed a chief executive, an auctioneer and auditors to the collapsed Golden Key Credit Card Company to liquidate assets and pay back depositors, lawyers said. In another development, Supreme Court has asked Finance and Guarantee Company, a regulated firm, and two related unregulated real estate […]
Fake Battle
June 01, 2009 (LBO) – Coats Thread Lanka (CTL) says it is battling counterfeiting of its brands by taking legal action against sellers of fakes and taking and has asked retailers to be careful when buying stock. “We have been vigilant and working with the law enforcement authorities to counter this threat by organizing periodic […]
Indian exports dive for seventh month
NEW DELHI, June 1, 2009 (AFP) – India’s exports of jewelry, garments and other goods slid 33 percent in April, shrinking for the seventh straight month, hit by a demand slump in major global markets, official data showed Monday. Exports slumped to 10.74 billion dollars in April from 16.08 billion dollars a year ago as […]
Sangakkara learning to live with Lahore memories
LONDON, June 1, 2009 (AFP) – Sri Lanka captain Kumar Sangakkara said that while life for his side would not be the same after the attack on their team bus in Pakistan it would not stop them from playing international cricket. Sangakkara’s men have arrived in England for the ICC World Twenty20 after a particularly […]
Ideas to win the war: Give phones to Sri Lanka IDPs
June 1, 2009 (LBO) – I was away from the country during the historic events of May 2009.One good thing was that I was able to hear a moving presentation by Patrice Buzzanell, a scholar who had made it her life’s work to study human resilience in multiple contexts, mostly individual and organizational. As I […]
Sri Lankan media rights activist beaten: colleagues
June 1, 2009 (AFP) – A Sri Lankan media rights activist was hospitalised Monday after being beaten by unidentified attackers near the capital Colombo, a doctor and journalists said.Poddala Jayantha, secretary of the Sri Lanka Working Journalists’ Association, was abducted near his home and was severely attacked with sticks and later dumped in a suburb […]