Tag: lbo
Exploration Spend
Sep 11, 2008 (LBO) – Cairn India said its Sri Lanka unit had signed a deal with Sri Lanka’s investment promotion office to cover a 110 million US dollar oil exploration program. The company was given an off-shore exploration block in the north western Mannar Basin of the island. “The Mannar basin is a frontier […]
Bunker Deadline
Sept 08, 2008 (LBO) – Sri Lanka’s Supreme Court has given the bunkering unit of John Keells Holdings (JKH) till September 12 to vacate a tank farm, and the company has been ordered to pay compensation to workers, lawyers said. LMS earlier sought and received time till September 10 to take away its oil stocks […]
Tactical Release
SINGAPORE, September 3, 2008 (AFP) – Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. New York’s main contract, light sweet crude for October delivery, dropped 34 cents to 109.37 dollars a barrel, while Brent North […]
New media army descends on convention
DENVER, August 27, 2008 (AFP) – A new media army has descended on the Democratic convention in Colorado this week, boldly claiming to offer a fresh perspective on US politics distinct from the mainstream media. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 For the first time […]
‘s treatment of journalist
August 26, 2008 (AFP) – Rights groups on Tuesday denounced Sri Lanka’s use of tough prevention of terrorism laws against a veteran journalist reporting on the island’s decades-old ethnic conflict. The condemnation came a day after authorities formally charged J.S. Tissanayagam with inciting racial hatred and bringing disrepute to the government. The journalist, who has […]
‘s ruling party wins provincial polls
Aug 24, 2008 (LBO) – Sri Lanka’s ruling coalition is securing comfortable wins in two provincial polls with large majorities in most polling divisions, official results show, increasing the likelihood of further polls in the months ahead, analysts say.A similar trend is seen in the Ratnapura and Kegalle districts of the Sabaragamuwa province, in polling […]
Sri Lanka ruling party in strong position for national polls
Aug 24, 2008 (LBO) – Sri Lanka’s ruling coalition has won convincingly over the main opposition and weakened a Marxist former ally in a provincial poll, placing the administration in a strong position to go for national polls on its own.The United Peoples’ Freedom Alliance (UPFA) led by the Sri Lanka Freedom Party of President […]
Sri Lanka holds provincial polls amid military push
OLOMBO, August 23, 2008 (AFP) – Sri Lanka was holding provincial elections amid high security Saturday as government forces pushed deeper into territory held by Tamil Tiger rebels in the island’s north, officials said. Two out of the nine provinces on the island were voting to elect the highest level of local government in the […]
Sri Lanka holds local polls as army heads to rebel capital
August 23, 2008 (AFP) – Sri Lanka staged local elections under tight security Saturday as troops pushed deeper into Tamil Tiger territory, closing in on the rebel capital in the war-ravaged north, officials said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Two out of […]
Loss Assessment
Aug 22, 2008 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said a write-down at its bunkering unit could amount to 1.3 billion rupees after the firm lost a tank farm and a tax holiday, but the group was hopeful of capping losses at 704 million rupees.Following a Supreme Court decision that cancelled its tax […]
Sri Lanka to close polling stations if there is violence: monitor
Aug 22, 2008 (LBO) – A Sri Lankan elections watchdog says it has been assured by the elections commissioner that polling stations where violence or irregularities take place at Saturday’s provincial council polls would be closed. Rodrigo quoted the elections commissioner as saying that there had been no violence in the last 36 hours after […]
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Aug 20, 2008 (LBO) – Sri Lanka’s Free Media Movement (FMM) said government charges against a journalist who has been detained for months were weak and an attempt to cow down the media by using anti-terrorist laws.It said in a statement that it had learnt that journalist J S Tissainayagam, who has been held in […]