Category:
Sri Lanka offers amnesty to Tamil Tigers: PM
February 5, 2009 (AFP) – Sri Lanka is offering an amnesty to Tamil Tiger rebels who lay down arms and surrender to government forces, Prime Minister Ratnasiri Wickremanayake told parliament Thursday.“There are reports that groups of people who took part in terrorist activities in the north (of the island) are ready to give themselves up,” […]
Sri Lanka fighting kills 52 civilians: UN
February 4, 2009 (AFP) – At least 52 civilians were killed in Sri Lanka in shelling in one location on Tuesday, a UN spokesman said Wednesday, as the only hospital in the war zone was evacuated after being hit multiple times.“We have a report that 52 civilians had been killed in a shell attack at […]
Sri Lanka war triggers strike in Indian Tamil state
NEW DELHI, February 4, 2009 (AFP) – Opposition political parties in the Indian state of Tamil Nadu called a general strike Wednesday to protest civilian casualties from the war in nearby Sri Lanka.Sri Lanka’s Tamils share close cultural and religious links with the 55 million Tamils in Tamil Nadu, which is also home to thousands […]
Sri Lanka leader urges diaspora to return
Feb 04, 2009 (LBO) – President Mahinda Rajapaksa has urged Sri Lankans who left the island because of war to return to help rebuild the nation and revive its economy, saying Tiger terrorism was about to be completely crushed. “You must show respect to all communities,” Rajapaksa said. “The future belongs to those who sow […]
” in Sri Lanka
WASHINGTON, February 3, 2009 (AFP) – US Secretary of State Hillary Clinton and her British counterpart David Miliband called here Tuesday for a “temporary no-fire period” in Sri Lanka to evacuate casualties and allow in relief.“Secretary Clinton and Foreign Secretary Miliband call on both the government of Sri Lanka and the LTTE (Liberation Tigers of […]
Sri Lanka bill yields edge up
Feb 03, 2009 (LBO) – Sri Lanka’s Treasury bill yields edged up at Tuesday’s auction with a larger volume of bills being sold compared to a week earlier, the government’s debt office said, reversing a steadily easing trend seen over several weeks.The 3-month yield gained 05 basis points to 15.99 percent, the 6-month yield gained […]
Sri Lanka stocks down again
Feb 03, 2009 (LBO) – Sri Lankan shares were dragged down again Tuesday by losses in index heavy stocks with earnings that companies have begun to report for the December quarter being mostly poor as anticipated, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]
Support Package
Feb 03, 2009 (LBO) – Sri Lanka is developing a policy support package for registered finance and leasing companies that are facing liquidity problems, the Central Bank said. The Central Bank intervened to stop a run on Seylan Bank, dissolved its board of directors and put the bank under state-run Bank of Ceylon. Depositors says […]
Ambiguity
Feb 03, 2008 (LBO) – Sri Lanka’s Commercial Bank says the ‘ambiguity’ behind a suspension of payments on oil derivatives sold to state-run Ceylon Petroleum Corporation (CPC) is causing uncertainty, and leaving it in a tight position. “Unless there is a strict instruction by the regulator we feel that we have to honor the counterparties […]
Sri Lanka Galle Face group to build resort on Maldive island
Feb 03, 2009 (LBO) – Sri Lanka’s Galle Face Hotels Group plans to build a 100-room luxury resort hotel on an atoll in the Maldivian archipelago, a senior official said.The new hotel is sited on an uninhabited island which also has a domestic airport.and airport buildings. The new Maldivian president Mohamed Nasheed, during his recent […]
Cheap PC
NEW DELHI, February 3, 2009 (AFP) – India has unveiled plans to produce a laptop computer costing just 10 dollars in a bid to improve the skills of millions of students across the country. New Delhi rebuffed a previous attempt to bring cheap laptops to India, led by MIT computer scientist Nicholas Negroponte’s One Laptop […]
Trading Deal
Feb 03, 2009 (LBO) – Sri Lankan software firm Millennium IT said it has won the contract to provide the trading platform for India’s new International Multi-Commodity Exchange (IMX). The exchange is expected to go live in the first quarter of the next financial year, subject to regulatory approvals, according to a statement by Indiabulls […]