Category:
Sri Lanka set to submit seabed claim
May 06, 2009 (LBO) – Sri Lanka is set to formally submit its claim for sovereignty over a bigger area of the ocean floor surrounding the island under international law, officials said. “The survey confirmed the assumptions made by Sri Lanka’s Law of the Sea delegation in 1970s and 1980s regarding the location of 1km […]
Sri Lanka treasuries fall
May 5, 2009 (LBO) – Sri Lanka’s Treasuries yields fell across the board with the 12-month yield falling 27 basis points to 13.78 percent at Tuesday’s auction, the government’s debt office said. The 6-month yield fell 51 basis points to 13.44 percent and the 3-month yield fell 43 basis points to 12.22 percent. The government […]
Sri Lankan stocks up, rupee stable
May 05, (2009) – Sri Lankan shares were boosted by heavy trading in high-value stocks with a foreign fund continuing to sell its stake in National Development Bank (NDB) while the rupee was stable at 119.90/120.10 during late afternoon trading, brokers and dealers said. A source close to the deal said fund manager Raj Rajaratnam’s […]
Safe Anchorage
May 05, 2009 (LBO) – Sri Lanka is trying to position itself to attract the growing ship lay-up business triggered by the global economic slump and has earmarked safe anchorages for vessels, a senior Sri Lanka Ports Authority (SLPA) official said.“We have got clearance from the security authorities now to lay up vessels in safe […]
Moribund Merchant
May 05, 2009 (LBO) – Merchant Bank of Sri Lanka (MBSL) said its March quarter group net profit fell 5.8 percent to 29.8 million rupees from a year ago, with net interest income flat.MBSL is also acquiring control of Ceylinco Savings Bank (CSB), part of the troubled Ceylinco group, which suffered a run after another […]
” sweeps African cocoa fields
CANTONDOUGOU, May 5, 2009 (AFP) – The comforting world of chocolate ads could not be further from the harsh reality in the backwoods of the world’s biggest cocoa producer — where rubber is the new crop of choice. In the village of Cantondougou in western Ivory Coast there are no steaming mugs of hot chocolate […]
Indian Ocean buoys help predict monsoon: scientists
WASHINGTON, May 4, 2009 (AFP) – Scientists said Monday they had reached the halfway point in a project to set up buoys across the Indian Ocean, helping farmers predict the monsoon in some of the world’s poorest areas.The buoys measure wind, rainfall, temperature and other figures around the Indian Ocean, which has lagged behind the […]
Bangladesh remittances up despite global recession
DHAKA, May 5, 2009 (AFP) – Bangladeshis working abroad sent home more money in April than in the same month last year, an official said Tuesday, despite warnings that remittances would take a hit from the global slowdown. Bangladesh Bank executive director Khandakar Muzharul Haque told AFP that 857 million dollars were sent back last […]
Sri Lanka rebel leader trapped by troops: PM
May 5, 2009 (AFP) – Sri Lanka’s Tamil rebel leader Velupillai Prabhakaran is trapped in a small strip of coastline that has been surrounded by government soldiers, the prime minister said Tuesday.Ratnasiri Wickremanayake told parliament that Prabhakaran, 54, was still leading his Liberation Tigers of Tamil Eelam (LTTE) fighters in their desperate battle for survival […]
Sri Lanka roadside blasts sugar firm tractor, one killed
May 05, 2009 (LBO) – One person was killed Tuesday morning when a tractor belonging to a private sugar plantation was caught in a roadside bomb in southern Sri Lanka, the military said. Pelwatte Sugar is a listed company. Pelwatte Sugar was trading at 16.50 rupees, up 50 cents. The tractor was being used to […]
Sri Lanka JKH ups stake in Union Assurance to 80-pct
May 05, 2009 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said it had increased its stake in insurer Union Assurance by a further 2.52 percent after an offer to buy out remaining shareholders which ended Monday.JKH deputy chairman Ajit Gunewardena said at the time the move was aimed at consolidating the conglomerate’s position in […]
Sri Lanka cricketers get pay hike
May 05, 2009 (LBO) – Sri Lanka has raised salaries of cricketers and doubled the number of players under contract, an official said. Sri Lanka A Squad: Muthumudalige Pushpakumara, Tharanga Paranavithana, Malinga Bandara, Rangana Herath, Dammika Prasad, Chamara Silva, Mahela Udawatte, Gihan Rupasinghe, Suranga Lakmal, Kaushal Silva, Chanaka Welegedara, Isuru Udana, Chaminda Vidanapathirana, Dinesh Deshapriya […]