All Blogs
Rate rises and graft scandals threaten India growth
NEW DELHI, February 13, 2011 (AFP) – India is set for scorching growth this year but concern is mounting about its longer-term outlook, with the central bank seen hiking interest rates further and corruption scandals worrying investors. The stock market has already dropped some 17 percent this year, hit by fears that economic growth will […]
Sri Lanka smash Netherlands
February 12, 2011 (AFP) – Hosts Sri Lanka proved far too strong for minnows Netherlands, posting a crushing 156-run victory in a morale-boosting World Cup warm-up match on Saturday. Sri Lanka, runners-up at the 2007 World Cup in the Caribbean, scored 351-5 off their allotted 50 overs even without prolific run-getters Kumar Sangakkara and Mahela […]
Sri Lanka flood damage $600 mln
February 13, 2011 (AFP) – The damage from monsoon flooding in Sri Lanka over the last six weeks is estimated at 0 million, a government minister said Sunday amid a slow response to an international appeal for help. The United Nations issued an appeal for $51 million to address immediate needs after the first round […]
Ship Repair
Feb 12, 2011 (LBO) – Sri Lankan listed ship yard Colombo Dockyard is currently doing repair work on several small tankers and a research vessel that will earn revenues of around four million US dollars, a statement said. The yard, a unit of Japan’s Onomichi Dockyard Company, expects revenue of 1.2 million dollars from major […]
” that looks back to the future
BANGALORE, February 12, 2011 (AFP) – It would be the ultimate answer to the daily horror of gridlock on the traffic-choked, exhaust-filled roads of Indian cities. Unassumingly parked next to some of the world’s most lethal warplanes, a converted 800cc Maruti hatchback has stolen some of the thunder from the supersonic exhibits at the Aero […]
‘s Murali hopes to end on World Cup high
February 12, 2011 (AFP) – Record-breaking Sri Lankan bowler Muttiah Muralitharan goes into his fourth and final World Cup praying that he ends his glorious international career on a high. “In the end, it boils down to the team that takes it one match at a time.” “My role for this World Cup is to […]
Sri Lanka urged by columnist not to win World Cup
February 12, 2011 (AFP) – While the media of every country usually backs its team, a Sri Lankan newspaper columnist has urged the national squad not to win the World Cup — for the greater good of the nation. “Call me a traitor, a quisling… anything. I don’t want Sri Lanka to be the champions […]
Sri Lanka shares close up 1.2-pct
Feb 11, 2011(LBO) – Sri Lankan stocks closed 1. 2 percent higher Friday with index heavy Dialog Axiata and Carson Cumberbatch stocks pushing the market up, brokers said. The All Share Price Index closed at 7,586.63, up 1.24 percent (93.01 points) while the Milanka Price Index of more liquid stocks closed at 7,259.81, up 0.41 […]
Lucky Seaman
February 11, 2011 (AFP) – Sri Lanka’s navy Friday detained a foreign cargo ship and its Russian crew for allegedly failing to rescue a man who fell overboard, an official said. Navy spokesman Kosala Warnasuriya said the DD Vigor, registered in St Vincent and the Grenadines, was impounded while leaving the island after failing to […]
Sri Lanka rubber producer warns boom unlikely to last
Feb 11, 2011 (LBO) – The boom in rubber prices, that helped prop up profits at Sri Lanka’s Kelani Valley Plantations, is unlikely to last, its chairman Mohan Pandithage has warned, according to a stock exchange filing. The company, the plantation subsidiary of Dipped Products, the rubber manufacturing arm of the Hayleys group, said December […]