All Blogs
Sri Lanka central banker meet mulls stimulus exit strategies
Feb 28, 2011 (LBO) – South and South East Asian central bank chiefs who met in Sri Lanka had discussed ways to exit deficit spending and loose monetary policy adopted during a global downturn, amid rising inflation and property bubbles. Several Asian countries followed their advanced nations counterparts in boosting state spending and money printing […]
” as Asian workers land in Malta
VALLETTA, February 28, 2011 (AFP) – The UN refugee agency said a “humanitarian emergency” was underway as thousands fled Libya over the weekend in a mass exodus of foreigners from the strife-torn country by air, land and sea. The agency said almost 100,000 migrant workers, mostly from Egypt and Tunisia, had fled Libya in the […]
”’ says Sri Lanka captain ahead of Kenya clash
February 27, 2011 (AFP) – Sri Lankan captain Kumar Sangakkara has urged his team not to panic after slipping to defeat against Pakistan, as he looks to get their World Cup campaign back on track with victory over Kenya on Tuesday. “We have Kenya next, followed by Australia, so we will look back on the […]
Sri Lanka captain rues loss of crucial wickets
February 27, 2011 (AFP) – Sri Lankan skipper Kumar Sangakkara said the loss of Mahela Jayawardene and opener Tillakaratne Dilshan at a crucial stage of the match against Pakistan was a key factor in his team’s defeat. Pakistan held their nerve to record a narrow 11-run win over the fancied home team in Colombo, leaving […]
Pakistan win over Sri Lanka send out warning with Cup win
February 26, 2011 (AFP) – Pakistan beat a powerful Sri Lankan side on Saturday for their second World Cup win, sending out an ominous statement of intent to their rivals as Bangalore geared up for the India-England showdown. A sell-out crowd of 35,000 packed the R. Premadasa stadium in Colombo to witness the much-anticipated Group […]
Tipping Point
Feb 26, 2011 (LBO) – The global seafarers union has warned it would advise members against sailing in the Indian Ocean to avoid Somali pirates and mocked as “ludicrous” naval action that confiscate guns and set pirates free to strike again. The Somali piracy crisis comes at a time when the global merchant marine faces […]
Migrant Plight
Feb 26, 2011 (LBO) – The International Labour Organisation has urged Libya to protect the rights of migrant workers caught up in the current conflict and ensure their basic right to freedom of association. Libyan leaders must put an immediate stop to the massive killings, large-scale violence and generalized repression unleashed against peaceful demonstrations of […]
Sri Lanka among Asian countries struggling with capital inflows: IMF official
Feb 26, 2011 (LBO) – Sri Lanka is among Asian nations struggling with capital inflows driven by excessive money printed in advanced nations, raising the risks of high inflation and asset booms, a senior International Monetary Fund official said. “Sri Lanka is one country that has faced a surge in capital flows,” IMF deputy managing […]
Sri Lanka shares close 1.69-pct higher
Feb 25, 2011(LBO) – Sri Lankan stocks closed 1.69 percent higher Friday with gains in the investment trust and oil palm stocks, brokers said. The All Share Price Index closed at 7,711. 62, up 1.69 percent (128.20 points) while the Milanka Price Index of more liquid stocks closed at 7,169. 35, down 0.09 percent (6.71 […]
Sri Lanka wild life park lures Shangri-La
Feb 25, 2011 (LBO) – Hong Kong based Shangri-La hotels has looked at two sites including one close to a well-known wild life reserve in southern Sri Lanka to site its second proposed hotel, an official said. Deputy minister for economic development Lakshman Yapa Abeywardene said visiting Shangri-La officials had examined a site close to […]