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Global news agencies boycott Australian cricket
SYDNEY, November 20, 2008 (AFP) – Global news agencies have boycotted coverage of the first cricket Test between Australia and New Zealand starting Thursday because of conditions imposed by organisers.The agencies — Agence France-Presse, Associated Press, Reuters and Getty Images — have also suspended coverage of all Australian cricket news until further notice over demands […]
Sri Lanka has a chance to attract shifting industries: economist
Nov 20, 2008 (LBO) – Sri Lanka has a chance to attract industries from advanced nations in the wake of current turmoil if the country can put its house in order with a longer term view and create a strong base for industry, an economist has said. To receive instant alerts from LBO on your […]
Sri Lanka treasuries yields flat
Nov 19, 2008 (LBO) – Sri Lanka treasuries yields were flat with only 1.7 billion rupees of bills out of a maturing tranche of 5.0 billion rupees being sold, the government’s debt office said.Meanwhile, dealers said 2-year bonds were being offered at 21.0 percent. The 3-month yield was 17.20 percent, the 6-month yield 18.28 percent […]
Sri Lankan stocks close 2.0-pct lower
Nov 19, 2008 (LBO) – Sri Lankan stocks closed 2.0 percent lower Wednesday with a poor earnings outlook and high interest rates keeping buyers at bay, and the effects of a global downturn biting harder, dealers said. The Colombo All Share Price Index fell 36.41 points to end at 1,717.52 while the Milanka index of […]
Property Lure
Nov 19, 2008 (LBO) – Several Sri Lankan government institutions are scrambling to get land in a government property near the capital Colombo whose ownership reverted back to the state on a recent court order, a senior official said Court had ordered how the land could be used for its original flood retention purposes. Ramanujam […]
Tamil Tigers building up capacity for arms shipments: analysts
LONDON, November 18, 2008 (AFP) – The Tamil Tigers are likely building up their capacity for receiving weapons shipments with two long airstrips to receive large cargo planes, respected defence analysis group Jane’s said Tuesday. Based on analysis of high-resolution, commercially-available satellite imagery, the London-based group said the rebel Liberation Tigers of Tamil Eelam (LTTE) […]
Sri Lankan Airlines aims for hub position
Nov 19, 2008 (LBO) – Sri Lankan Airlines plans to renew its fleet and expand its passenger and cargo network to position itself as a hub and gateway to the huge market on the Indian sub-continent, its chief executive says.Starting next month, the airline plans to begin replacing its aging A320 Airbus aircraft that operate […]
Sri Lanka shares head down
Nov 18, 2008 (LBO) – Sri Lankan stocks resumed their downward march Tuesday after a brief halt the day before but with trading volumes drying up and the bearish trend likely to continue, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Slave labor reality of Sugar-cane ethanol
SAO PAULO, November 17, 2008 (AFP) – The cost of slave labor in sugar cane fields should not be overlooked when promoting the virtues of ethanol, the Roman Catholic Church said Monday, as an international conference on biofuel got under way in Brazil. “Without taking such (human) cost into account, you cannot promote the relative […]
Sri Lanka seizes funds said to be used for terror acts
Nov 18, 2008 (LBO) – Sri Lanka’s central bank said it had made the Tamil Rehabilitation Organization (TRO), an organisation linked to the Tamil Tigers, to forfeit its funds to the state under laws against terrorist financing. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “A sum […]
Sri Lanka troops in sea battle as Tiger towns fall
November 18, 2008 (AFP) – Sri Lanka’s navy traded fire with a flotilla of Tamil rebel boats off the island’s northeastern coast Tuesday, a day after ground troops captured three guerrilla-held towns, defence officials said. Sri Lankan authorities have restricted access to the embattled areas for journalists as well as for most aid workers, making […]
” under current conditions: official
Nov 18, 2008 (LBO) – Sri Lanka’s infrastructure projects could face delays if the island is unable to raise over half a billion dollars though commercial loans amid tough conditions in global financial markets, a top official said. “The government needs external financing of around 500 million dollars in commercial money for financing counterparty funds […]