All Blogs
Boat Order
Oct 18, 2011 (LBO) – Sri Lanka based Solas Marine has wrapped up a three billion Indian rupee deal to supply 80 fast interceptor craft (FIC) to the Indian Navy, a media report said. India’s IANS news agency said the contract was signed in the last week of September for delivery over three years to […]
Sri Lanka launches hot air ballooning
Oct 18, 2011 (LBO) – Sri Lanka Saturday launched hot air ballooning over Colombo with daily flights scheduled from November as part of plans to boost leisure activities in the city and attract both local and foreign tourists. Adventure Asia, says it has been operating commercial balloon flights in the central areas of Dambulla, Sigiriya […]
Sri Lanka India CEPA; professional services not included: economist
Oct 18, 2011 (LBO) – A stalled comprehensive economic partnership agreement (CEPA) between India and Sri Lanka does not include freeing of professional services, as had been claimed by its critics as a scare tactic, an economist said. “In CEPA professional liberalization is not there, I think this is a misconception,” Saman Kelegama from the […]
Afridi announces Pakistan comeback
KARACHI, October 18, 2011 (AFP) – All-rounder Shahid Afridi on Tuesday reversed his decision to retire from international cricket, saying he wanted to play for Pakistan since the chairman of the cricket board has been replaced. Pakistani President Asif Ali Zardari last week appointed banker Zaka Ashraf chairman of the Pakistan Cricket Board (PCB) to […]
Sri Lanka raises defence spending
October 18, 2011 (AFP) – Sri Lanka on Tuesday announced it would raise defence spending by over five percent in 2012, more than two years after the government ended a decades-long ethnic conflict with Tamil rebels. President Mahinda Rajapakse, who is also finance minister, is due to unveil the full 2012 budget on November 21, […]
Sri Lanka stocks slump 1.4-pct
Oct 17, 2011 (LBO) – Sri Lanka’s stocks slumped 1.4 percent Monday with several illiquid stocks that were punted up falling steeply while liquid stocks also suffered losses, brokers said. In forex markets the spot dollar traded at 110. 20/choice dealer said. The central bank had a repo auction to withdraw 30 billion in excess […]
Bus Bar
Oct 17, 2011 (LBO) – Sri Lanka’s first expressway which is to be opened in November will be closed for passenger buses, highways minister Nirmala Kothelawala said. The expressway runs from Colombo to Galle. It is Sri Lanka’s first toll road. The road is expected to be opened for traffic in November, the minister said. […]
Aussie Status
SYDNEY, October 17, 2011 (AFP) – Australian police were Monday examining a war crimes dossier alleging Sri Lankan authorities bombed and shelled civilians during the country’s civil war, which ended in 2009. Prepared by the International Commission of Jurists’ Australian chapter, the brief contains testimony from Sri Lankans now living in Australia that they were […]
‘s Reliance halts future oil and gas drilling
MUMBAI, October 17, 2011 (AFP) – India’s energy giant Reliance Industries has suspended drilling at its oil and gas exploration blocks covered under a deal with new venture partner BP pending a review, a company source said on Monday. India’s largest private oil explorer is “re-evaluating” its exploration and production strategy in partnership with the […]
‘s North Central Province
Oct 17, 2011 (LBO) – For the longest time, the provinces fell out in the following pattern: the Western Province in the lead; the Central, North Western and Southern Provinces in the middle; and the North Central, Sabaragamuva, Uva, Eastern and Northern Provinces as the laggards. The 2009-10 Household Income and Expenditure Survey tells a […]