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UN humanitarian chief to press Sri Lanka on civilians
April 25, 2009 (AFP) – The UN’s humanitarian chief was due in Sri Lanka Saturday as international concern over civilians trapped in the island’s war zone fuelled a White House call for an immediate ceasefire.John Holmes’ three-day mission will focus on pushing the government to facilitate humanitarian missions in and around the conflict zone and […]
Sri Lankan envoy rejects calls for humanitarian pause
GENEVA, April 24, 2009 (AFP) – Sri Lanka’s ambassador to the United Nations in Geneva on Friday rejected calls for a humanitarian pause in the Tamil conflict, saying temporary ceasefires did not work. “The largest number of civilians who have come out (of the conflict zone) came out not during the humanitarian pause, not as […]
White House urges immediate Sri Lanka ceasefire
WASHINGTON, April 25, 2009 (AFP) – The White House on Friday urged an immediate ceasefire in Sri Lanka and voiced deep concerns over alleged violations of international humanitarian law.It was the first statement by President Barack Obama’s White House on Sri Lanka as concerns grow for the fate of thousands of people trapped in a […]
Australia intercepts new refugee boat
SYDNEY, April 25, 2009 (AFP) – A boat carrying more than 50 refugees was intercepted Saturday off Australia’s coast, little more than a week after an explosion on another vessel killed five people, the government said.The boat carrying 54 passengers and two crew was stopped in international waters by border patrol officers following a tip-off […]
US envoy to Sri Lanka named to top South Asian post
WASHINGTON, April 24, 2009 (AFP) – A veteran diplomat most recently tasked with the delicate job of Sri Lanka envoy was tapped Friday by President Barack Obama to serve as the assistant secretary of state for South Asian Affairs. If approved by the Senate, Robert Blake will replace Richard Boucher in a job that deals […]
‘s gold reserves top 1,000 tonnes: state media
BEIJING, April 25, 2009 (AFP) – China’s gold reserves rose 75 percent from 2003 to 2008, state media said, reporting that Beijing now had the world’s fifth largest holdings of the precious metal.China had 1,054 tonnes of gold by the end of 2008, up 454 tonnes from the 600 tonnes that it said it had […]
Sri Lanka rupee steady after volatile week
April 24, 2009 (LBO) – The rupee weakened to 120.70 levels against the US dollar, with a foreign bank on the buying side Friday, but recovered later in the day ending a week that saw the domestic currency fall about four rupees, dealers said. In late afternoon trade the spot dollar was quoted at 120.0/30 […]
Sri Lankan stocks up 6.9-pct over week
Apr 24, 2009 (LBO) – Sri Lankan shares closed up 1.94 percent on military gains Friday, amid optimistic sentiment among local investors which pushed the market up 6.9 percent over the week, brokers said. Almost 1.5 million shares of Tokyo Cement non-voting shares changed hands at 10.25 foreign to local, in what seemed to be […]
Fuel Mix
April 24, 2009 (LBO) – Sri Lanka will decide on whether to call proposals for a liquefied natural gas (LNG) power plant after a study funded by Japan is completed, a senior government official said. Though much cleaner than coal, diesel or furnace oil, LNG, which is kept liquid under high pressure requires expensive infrastructure […]
Bidding List
April 24, 2009 (LBO) – Sri Lanka’s central bank has cleared five out of six parties who expressed interest in buying a 33.3 percent stake in Seylan Bank to look into the bank in detail and submit bids, officials said. The Central Bank took over the bank and put it under the supervision of state-run […]
Golden Probe
April 24, 2009 (LBO) – Sri Lanka’s central bank has asked customers of the failed Golden Key Credit Card Company to submit details of their deposits and company officials to declare assets. Sri Lanka’s Supreme Court last month ordered the Central Bank to probe the company after a group of depositors petitioned court saying it […]
Asian View
April 24, 2009 (LBO) – Millicom International Cellular, the parent of Sri Lanka’s Tigo cellular network, says it may sell out of Asian units, despite getting new subscribers amid tough competition. Total revenues for the quarter were 846.0 million US dollars with 327 million coming from Central America, 236 million from South America and 171 […]